USDJPY POSSIBLE SCENARIOSPersonally I am into a sell since 109.010
Arrows shows possible scenarios.
Feel free to leave your opininons/thoughts in this pair
Possible
Possible correction for Bitcoin of 15%Moving Averages on 1d start to sink, watchout for a possible dump !!
Gold (Market Pulse Probabilities)Possible trend
1515 Sell
Because of the current balanced foundation of the world
11.9.2019 - Bitcoin (BTC / USD)Hi Traders!
Today we look at BTC / USD. The summer is over and we are waiting for the key movement that will determine the direction of Bitcoin for the next months.
We are currently in a key area where upward bounce to USD 11,000 should occur. We can annotate the previous move to 5 waves and we are currently at the end of ABC correction . The fact that we are in a very strong area, where reflection is likely, suggests a few facts:
Fibonacci retracement - There are 0.65 - 0.786 retracement in this zone which are very strong zones
Fibonacci extension - The whole correction is in the form of ABC correction and in this zone is 1.01 extension projection AB
Volume gap on horizontal volumes
These are three reasons for which we assume that we are now in a zone that is expected to grow to USD 11,000. The daily chart is still in either a triangular or a channel formation . We have been creating this formation for more than two months and we are not yet able to tell which side the weight minds are leaning towards. If the zone is confirmed, we have a potential upward movement of 10% that you can trade.
In the case of the triangle , we need to overcome the top trend resistance on the daily chart, and in the case of the channel , it will be confirmed that we will do a new local minimum and exceed the strong support of USD 9,000. Neither scenario has occurred yet and therefore we have to catch what we have.
May the crypto be with you!
LTC New SupportLTC currently testing resistance in search for new support. Could possibly see a bearish engulfing, after a correction/dump.
EUR/JPY - HSH possiblePossible reverse HSH. I will wait for a breakout and confirmation of the model.
JUST AN IDEA OF THE POSSIBILE OUTCOMES I SAW AT THE TIME Based thoroughly on just painting a balance sketch for myself, to view later on
Make or Break for ETHEREUMMake or Break for ETHEREUM
The Downside 1D Chart
Ethereum is currently at a make or break point. It has currently rejected the confluence zone and now looks like it is going to retest it, if it is rejected again (and it looks like it will be because of the present bear div) we could see ETH as low as 30 USD. My shorting targets are displayed in the 2nd box, if it breaks above we could see ETH as high as 200 USD. 50 and 100 Ma are above price, the 100ma could act as dynamic resistance
or
The Upside 4h Chart
ETH is clearly in an uptrend and respecting the confluence zones, if it continues this way we could see ETH reach highs of $231. note: There is BEAR DIV too. In saying that the RSI is well above 50 which is positive for an uptrend. 50, 100 and 200 MA are all below price.
I like both setups and they are both highly possible but i'm leaning towards the top one as of the bear div, i also think this hard fork coming up could negatively impact ETHs price, it could also push it old highs, therefore it could go up or down ;)
If ETH Breaks 159.5 ill look to go long, if it is rejected by the confluence zone on the daily ill look to go short.
The FIB KID
Possible XAUUSD Set UpA break of this rising-wedge to the downside would activate shorts. If we don't get a break to the downside shorts would not be active.
Will The BTC Bulls Win or will the Resistance overcome???????BTC has been showing very bullish price action and momentum as of late. The bears have been pushed up against the ropes and now must fight there way out. Personally I am hoping that the bulls win and we break out of this downward wedge. We have wicked out on the daily. But need a strong push and at least one close above the trendline on the daily. This point we found ourselves poking out of is significant my trendline also will invalidate whatever bearish counts are still out there. But if you look we are currently on touch 5 of the resistence trend of the downward wedge. But there were about 4 touches of this trendline as support as well. So "LONG" story "SHORT" (pun intended) we need to close above about $8400 to invalidate the bearish counts. To invalidate the upward movement as a wave 4 correction from the may downward thrust. Becuase wave 4 can't overlap wave 1. which some say ends down around $8400 which is also around this downward trendline that has been significant since before the ATH. So will we thrust through now, or maybe after a correction, or will the bears fight there way out of the corner and off the ropes "resistence line" to knock down the bulls to lower. I hope the bulls win but we will have to see as this is may be the bull run of our life time as some would say!!!
What are your thoughts?
Possible BTC DipAs stated from my previous idea that BTC might dip, we can see there was a large red candle, bouncing off the bottom of the larger narrow wedge and a support line. The MACD is also showing a DEATH CROSS. My opinion from my graph, it appears to me that BTC is on its way down, after trying to break $7,800 and failing. If it goes lower than the $7,450 support, I will change me position to SHORT.
As always, trade safe and DYOR.
Possible 8600 target trade?possible trade setup with generous stop loss due to the swings.
8600-8800 resistance, while 8100-8200 being support.
