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The Market Cap BTC Dominance has hit the strong resistanceThe Market Cap BTC Dominance has hit the resistance at 72.83 which is not broken since July 2017 and likely to fail in breaking out. Volume profile since july 2017 upto now is showing less interest of traders at resistance level. The RSI is overbought. Stochastic has given bear cross from overbought zone. MACD turned strong bearish. Lagging span of ichimoku cloud is also moving down and we have a cloud support almost at 61.35. And we have a strong price level support at 53.17 which is not broken since Sep 2018. Volume profile since july 2017 upto now is showing less interest of traders below this support level. If the price action may fails to breakdown the cloud support then we might have a sideways trend and during this we may enjoy the altcoins season but the real altcoin season depends on breaking down this ichimoku bullish could support and then 53.17 level support. So Now the fear factor in trading altcoins should be decreased if you are trading altcoins with right strategy then Bitcoin cannot ruin your party it does't matter BTC price moves up or down unless the BTC.D does not take bounce form the support or the indicators again turn bullish. This is the right time to trade the alts without fear. Regards, Atif Akbar (moon333)
CRYPTOCAP:BTC.DShort
by moon333
6
S&P500 has started forming wave E of Triangle in 4 Primary waveSP:SPX Hello traders I've counted wave at SPX and I suppose that now Intermediate wave E inside 4 primary wave has started to forming itself in this month I calculate proportions between 1 and 3 Primary waves (Green color) and let's see what I got: 1 Primary wave: Begin 666.8$ ending 1363.6$ 1363.6 - 666.8 = 696.8$ Total 696.8 / 666.8 = 104.4% Total 3 Primary wave: Begin 1074.8$ Ending 2872.9$ 2872.9 - 1074.8 = 1798.1$ Total 1798.1 / 1074.8 = 167.4% Total Fibo proportions between 1 and 3 Primary waves: 1. Amount propotions 1 wave 696.8 * 2.618 = 1824.2 3 wave equal 1798.1 Fibo harmony :) 3 wave 1798.1 * 0.382 = 686.9 1 wave equal 696.8 again Fibo harmony :) 2. Percentage 1 wave 104.4% * 1.618 = 168.9% 3 wave equal 167.4 % Fibo Harmony :) 3 wave 167.4% * 0.618 = 103.4% 1 wave equal 104.4 % again Fibo harmony :) Such incredible Fibo harmony in proportions between waves shown me that I have deternined ending of 3 Primary wave absolutely correct and now 4th Primary is forming itself on the Chart. In according with Elliott's waves theory the most often structure of 4th wave in Cycle is Triangle and I suppose that intermediate waves A, B, C and D of triangle are completed already and in this month the Wave E has started. I think that the target of wave E is 2186$, cause if we put Fibo retracement on 3 primary wave 38.2% will be exactly in this area and trend line between minimums of waves A and D lead us to the same area, so I'm pretty sure that there is endig of 4th Primary wave and begining of 5th Primary. So i supose that bearish market will continue till September or October of 2019 and will found its bottom between 2150$ and 2200$ at S&P500 But may be I'm wrong who knows only time will shows us Wish good profits for everyone! :) I hope my forecast will help to someone
SP:SPXShort
by Yaro7lav
1
If you already sell, then now even more! #SP500We recommend a sell signal although the trend is bullish and very risky to trade against the trend, the reasons are: 1. In the daily graph, we have a Double top and a stochastic that started its decline. 2. On the weekly chart according to the Stochastic, we are completely overbought (looking at the past we can see that this did not always cause significant declines) 3. On the monthly chart according to the Stochastic, we reach the last top line of the overbought Our target 2775 Current price: 2928
OANDA:SPX500USDShort
by xosignals
US Dollar Index Technical Analysis: retraces down after US GDP DXY found resistance at the 98.34 level after the release of the US GDP (Gross Domestic Product) Q1. *Chicago PMI *CB Confidence * ADP Non-farm Employment Change and THe ISM Manufacturing PMI four Report looks better then ever . Until date 1, these three market mover data. last week's GDP growth and was solid. These reports are better then the ones that are good. May 2 FOMC , Rate Decision and Press Conferences. Even before we saw that progress from the FED member to the Powell is good, trying to increase the rate of not being influenced of Dovish statement was very broad. This FOMC and Press conference will also try to keep the strongest Dollar stopping and rating the Dovish statement. And 3 May, is the labor market report. if there is a chance to have a dollar strand even now that's why Apra will try to stop the dollar's power from being on the date with a Dovish statement. the ADP expects too much if the NFP expects less then before. so seeing the ADP report, we can be sure of how NFP can be. and if expectations are less then 1,00,000 / 81 thousand people, they can not be called bad. Below 150k is actually bad to say. The dollar must sell the market will not believe anything. If we are part of the ISM Manufacturing PMI's Employment component, we can be more convinced about the NFP. ADP and ISM Manufacturing PMI's Employment component the main tool to learn how NFP can be our main tool. TECHNICALLY the dollar index the projection of the reports is called positive forecast. In this case, the dollar index will break 100/100.40 at any time breaking 98.40. That means that around 200/25 pips will be able to make the dollar stronger, unlike Euro, Pound, and Swiss France. But the question is, what is so strong dollar for the American ? I do not thing so, but they will not be able to stop the reports.The hedge fund, the bank will not want to easily hit and hit it, but it will not stop because the reports are good. What can the FED do ? Yes, there is still a power in their hands that is FOMC. It can protect it from being too strong and i think that will happen. Technical key levels:- =================== Daily SMA100 96.66 Daily SMA200 96.17 Previous Weekly High 97.49 Previous Weekly Low 96.79 Previous Monthly High 97.71 Previous Monthly Low 95.74 Daily Fibonacci 38.2% 98.2 Daily Fibonacci 61.8% 98.12
INDEX:DXYLong
by Saleh11
#DAX30 A mine on the way!An obstacle in the way, in the last few days we are on the upward trend that is still real today, so to those who ask how long will the gains continue? The answer in the graph above, We expect the dax30 will continue rise to the 200 Moving average and then it can give a downward correction Once this happens we will have to follow and see whether the decline will be just a correction or that it is a decline that will change the trend Buy Dax 30: Take Profit: 11790
XETR:DAXLong
by xosignals