Pretty bowl SEELEBTCSEELE forms a perfect rounded bowl, not much of a technical analysis to be made here just looks nice. I have been seeing the basics of this formation a lot across the cryptocurrency market lately.
Prettycooltbh
LTC Bear AlertLTC ratio just did a strong bearish TK cross while trading below the BB basis. After narrowing for a short period of time, the BBs are opening up -- price to the downside. Given the short period of BB squeeze, this shouldn't be that much of a drop for LTC.
LSK Bear is ComingPotential head and shoulders along with bearish %B, BB ratio, and RSI suggests it's time to take profits or cut losses.
Correction To End By Mid-Jan?Using fib-time extension tool, we can roughly estimate a correction window for entry/exit positions.
EOS Bear Out HuntingEOS took the scenic route through the 8h kumo and broke through 7.75 support. CBI volatility indicator is glowing green (green columns in lower oscillator) meaning BB are pinching tight. We will likely see prices sub-6 USD. Zooming out to the 15h chart shows kumo support, but that's a heavy price climb to maintain bullish support in addition to having a weak part of the kumo exposed currently. Anytime the price retreats back to the kumo is an opportunity to short.
15h
3.618 Fib Level Hit: Time for a ResetPrice destroyed Bollinger bands in Wave 5 completion; ABC correction to wave 3 upper BB peak.
Descending Channel: Long Opp. at .786 Fib LevelPrice is expected to decline until it hits that fib level.
BTCUSD is below the 20h kumoIt's still above the daily kumo, but I expect that to change. If price retreats back to the kumo, reshort.
USDJPY my view- TWO SCENARIOS ,BOTH BEARISH I think its time for USD index to drop a little back as well as Japanese Yen to take some strenght again in January 2017.I will sell that right after the new year begin with small position.Then if it reach 119-120 levels,i will short that for big position again With good MM of course .I will Aim for 115 level where i will close some part of position and will continue to 113 ,which will be my final target and then i will long UJ again :) pretty simple , GOOD LUCK and Wish many pips on that :)
So in conclusion
First order - SHORT @ 117.500 TP 115 (description) SL 121.8 small position !!!
Second order will be limit order with SELL limit on 119.5-120 ,same TP,same SL , Big position :)
