The crash will probably start this year, but first: $5468 targetI'm predicting that we will get a correction to the september lows. After that, we will see an epic final run-up. Arround the target level of $5468, I am expecting a massive blow off-top. After that the trend is going to be nothing but down. The low of the recession will probably come to an end in 2025 (however I don't like to link prices to dates). Be carefull guys. We could be going into a recession very soon from now. If we get enough bad news, the blow-off top won't happen and the markets could fall any time from now. But I still think that we need some kind of blow-off top for a crash. The volatility index also shows that a big move is coming soon. It might be a great Idea to stay out of the markets. In my opinion we will most likely see it this year in the end of Q3/beginning Q4, but could be as early as early spring/now.
The market is looking very unhealthy and I wrote about that in november 2021. I will make an update soon. (This is not financial advice!!!) (Do your own research.)
Good luck everyone!!!
Duursma, Yuri.
Overall
WHEAT - Purple War Zone!WHEAT is overall bullish trading inside our blue and brown rising broadening wedges so we will be looking for Trend-Following Buy setups as it approaches the lower trendlines.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the brown trendline and blue trendline.
As per my trading style:
I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURSEK potential bullish reversalon WEEKLY: EURSEK is overall bullish making higher highs and higher lows, and it is currently sitting around our lower blue trendline so we will be looking for objective buy setups on lower timeframes.
on H1: price formed an objective wedge pattern in red, so we are waiting for a momentum candle close above its last swing standing to buy.
we also have divergence on MACD adding more confluence to our setup.
LTC/USD Long Term PotentialI have it plotted like this because of the heartline touches. But this is LTC to the dollar on log scale overall trend. Guess what we are forming???!!! Weekly Hidden bullish divergence and Weekly Bullish convergence at the same time. Already showing a rounding bottom. And guess what just turned teal as well? You guessed it, the Gaussian channel :wink:
The gaussian channel is a phenomenal tool that I have just recently implemented to my trading strategy. It has proven time and time again on nearly all assets great success in an overall trend meaning using the daily and weekly time scale. I only use this for long positions. It doesn't work well with shorts unless its a down trend. It is dependent on the long term trend. Which is bullish for LTC, meaning taking a long here and holding for months will more than likely yield you insane gains
(Speculative Aspect) Now, to end it off with the speculative pattern atm. It is in the early stages of creating a potential harmonic. There are a few harmonics that can come out of this, but as of now, I have the more than likely outcome in my opinion to be the Bearish Crab. This means a potential shorting area at ATH's at the 1.618 fib. Can't say we'll get there yet. That is far out and we need to rely on the technicals that provide us potential moves now. But this is a pattern to keep an eye on ladies and gents!
Twitter: twitter.com
If you want to be a loving supporter of me and my "ChArtworks"
$BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z
$LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn
$ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9
$x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc
Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3
Join the best Crypto and Technical Analysis Community in the world!
Discord: discord.gg
(Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
Imagine someone gives away all BTC major targets...Yep there we go! This is what i think of Bitcoin's price action for the next 2 years to come. In December 2018 we came to form the wave A of that ABC correction. In December of 2019 we should complete the B wave up and finish the C wave down wih a capitulation on June 2020. Enjoy!!
Will history repeat itself?There are a lot of patterns on the big chart that seem to repeat themselves a couple times. BTC is beyond the paradigm shift in trading. It's mind boggling to see how far it has come and just looking at that near straight line on the overall chart is quite a view. All it takes is one more negative news and tower will collapse.
EUR/USD OVERVIEW – OVERALL SHORTEUR/USD broke resistance (between 1.12 - 1.11) in its bullish channel after BREXIT.
The pair could move to 1.12 before falling to 1.08 in its minor bearish channel = Minor Bullish & Major Bearish
MONTHLY: Bearish Channel, Bullish Major Trendline Support
WEEKLY: Bearish Channel, Bullish Minor Trendline Support has been broken (BREXIT)
DAILY: Major Bullish Chanell has been broken (BREXIT), Minor Bearish Channel
CONCLUSION: Overall Short/Bearish