USDJPY can Be Completing A Bigger, Complex PatternUSDJPY is showing us a bigger complex contracting correction in the making within red wave (B), which is also known as a Elliott wave triangle correction. We know that triangles appear prior to the final wave, which means more gains can come in play, once finished. Specifically we see price trading within wave E that can search for support near the lower triangle line, at 109.50/110 area.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Rally
Fractal similarity in ETHUSDIf this ETH rally were to accour in a similar pattern as the last one, this would mean that we are at point 3 now. Therefore, 1-2 weeks of sideways consolidation, until the real runup would start.
This scenario however, can only work if bitcoin does not dump. It must at least stay constant, better yet, rise. Because if bitcoin stays constant, I cannot see ETH going above 2500 USD, the flippening area.
The peak would be reached shortly before the flippening. If however, bitcoin would soon continue to rise towards 20k again, then a figure of 3000+ USD as a peak for ETH does not seem so unlikely.
Buy BCC Now!!!Stop selling BCC. The people behind BCC gave the community an incredible gift. They gave 10’s of thousands (maybe millions) of people an incredible amount of income for 2 years and now they have left behind the best gift of all. They left us a coin that has a strong performance history with a small and limited supply. Think about that for just a minute. They left the community this coin to buy, sell and trade. They left something behind that governments and regulators can’t stop of shutdown. They paid out all account holders the full amount of their total money invested, in BCC coins and now it’s up to us to continue the fight. As I write this there is a concerted effort by many governments around the world to crush the crypto market. Why? Because it scares them to death and it threatens to upset the balance of power worldwide. They are spreading fear and using threats to try and quell this uprising of mankind! If you are involved in crypto just to make money then you are extremely narrow sighted because remember this is a revolution! This is the beginning of the end for the good old boy system that has oppressed us for millennia. This is FREEDOM!!! I’m not in love with BCC coin but I have great respect for the thought that went into this approach. We as a community now control BCC and we can make it whatever we want. If the majority of traders decide to hold BCC then we can drive the bus straight past all other coins! If you refuse to sell and start to hold and buy on dips this coin can overthrow BTC. Viva La Crypto !m!
Two possible scenarios for BTCI see two possible developments for BTC in the near future. One with a shakeout and drop to the MA20 (moving average over 20 weeks), and then bounce, and one where BTC starts climbing directly. What will happen, no one knows. However, I see the
outcome of both scenarios in a continuation of the bullrun towards 40k+ .
Shift Rally Hasn't StoppedFollowing the previous idea on Shift , it has reached the upside target at $9.34, that is 327.2% Fibonacci retracement applied to the previous all-time high. The $9.34 level was not only reached but clearly penetrated and price continued to rise, reaching $13.
Corrective wave down followed and was stopped right at the 261.8% Fibonacci support level that is $7.57. As the 427.2% resistance is broken and 261.8% support is rejected it is very likely that the rally will continue where price could reach $20. Although prior to that $14.78 and $17.45 resistance levels must be broken and should be watched closely. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
DJIA is Bullish, But for how long? Probable Resistance Is NearThe Dow Jones industrial average is trading bullish, and can be trading at the end of a bigger impulsive wave. We are observing higher degree blue wave V, that can be searching for resistance and for a top around the 2550/2700 region, where the middle and upper Elliott wave channel line can offer resistance and turn price lower. Red sub-wave five of V is also ending its rally with five minor waves, and for a suggestion for a reversal we need to wait on a breach below the lower channel line in a five-wave fashion.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Inverted Bitcoin (BTC) Head & Shoulders (Bottom) Signaled?Inverted Bitcoin (BTC) Head & Shoulders (Bottom) Signaled?
Bottom Tested 3 Times/Confirmed SUPPORT Level
I'm seeing an inverted Head & Shoulders forming with rising volume that at 14,000 could signal the bottom is in and a reversal back up for a New Year's rally in the making. That's what it appears to be doing at this point, and if so, would lift up the whole market like the ocean tide rising in all the rivers. RSI and MACD are moving upwards with lots of space to run. The 50 EMA (50 day moving average) is curling upwards as the volumes are building. All system's go.
In all honesty, I believe a large portion of this move will be because of Bitcoin (BTC) primary infrastructural utility as a conduit for people to move fiat funds into purchase other alt coins, as well as into Wall Street via the CBOE and CME. My favorite alternative currencies are especially Bitcoin Cash (BCH) and Stellar (STR/XLM), but also Cardano, Ethereum, Litecoin, Dash and Ripple.
On a somewhat funny side note: There is the lunar trading theory, AKA "Moon Theory", which says a Full Mooon is the best time to buy and New Moon the best time to sell. Last night was Full Moon.
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
Wishing you all a Happy New Year and
All the very best wishes of luck in your trading ;)
113.00/113.12 Region can Offer Resistance on USDJPY We see USDJPY ticking higher as expected into wave C, which can be final leg of a corrective bounce from 112.00. In fact, recovery can be wave 2), therefore a strong turn lower may occur in sessions ahead. There is a nice resistance coming in around 113.00 from where a potential sell-off may show up below 112.50 which would be first evidence of bearish continuation.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
BTGUSD Buy this dip for rally back to highsBTGUSD
BTG took over from BCH at around 11pm est - as BCH topped out BTG took on the baton and ran higher and higer for the
next 5 hours as BCH headed back south. The patterns are similar on both charts, both tracking within a series of
parallels, a sell off the top pair and and a buy off the lower pair. It's ahving a problem at 305 and looks like it has to
unwind a little more before it can go again, ideally dipping back into the lower 2 parallels where it can be bought again
ahead of a possible good weekend rally in prospect.
Alternatively, buy on a break above the dynamic resistance line off the highs on a successful retest for rally back to highs
BTG stays good overall whilst it holds the parallels and should continue to be bought on dips until we see the lowest parallel
broken.
Litecoin Consolidating Within Strong UptrendBITFINEX:LTCUSD jumped out of triangle more than 300% since last update and we warned about much higher levels, as you can see in related ideas. LTC is in a strong uptrend so we assume it's third wave and we may see even higher levels towards 380 level, out of current subwave 4 of III, so sooner or later LTC will continue it's bulltrend.
Five waves on Silver would suggest Bulls taking overSilver found a low at the 15.57 level for higher degree wave C and reversed higher. Current rally that is on display can be a suggest for a bullish continuation; but as written on the chart we need five-waves higher for a confirmation for more upside.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Can BRENT rally to 70? Strange PatternPlease like and subscribe if you want more analysis from me... I will appreciate that.
What's the point for OPEC to cut oil -1.53% supply if America flooding the market with it?? The only one question, for now, is whether oil -1.53% rally will end at the end of December or at the beginning of first quarter of the year 2018? However what the chances that BRENT will rally tp to year 2015 highs?
Read this Articles for further research:
www.bloomberg.com
www.wsj.com
www.wsj.com
Price projection for this XRP rally and future prospectsSo ripple started earlier than I expected in one of my previous ideas, however, it was to be expected that ripple would also pump.
We are in an insanely bullish crypto market right now and all major altcoins were already pumped, except for ripple and maybe ETH to some extent.
So now that the nasty resistance at 0.28-0.30 USD has been broken, we would like to know how high it can go?
I will base my projection on the fractal from march 2017. The structure is quite similar, so that it makes sense to compare it back to that time.
Bitcoin will do one final push in the coming days and weeks, and I think that all altcoins will top exactly at the same time as bitcoin. And as soon as bitcoin experiences
a sharp correction, say 27K to 13K, all alts will tank, ALL, without exception.
Make no mistake, all altcoins are depending largely on btc, and as soon as BTC goes down, all alts will follow. I am not saying that this is guaranteed, some super bullish news
could of course change that picture, for example amazon indeed implementing ripple, or stuff of a similar magnitude.
However, I like to play it safe, and don't very much like to rely on news, and hoping for some event to come true. Hope is always bad in crypto trading, hehe.
And what will happen in 2018?
Well, that again depends if the crypto market will continue to rise after the btc correction, or not. There is a very high likeligood that bitcoin will do another rally in 2018, the final one
before the bearmarket. It might go as high as 100K. In that case, we will see the bullish scenario for ripple.
If btc however will decline in 2018, the chance for a bullish ripple scenario are low (meaning 10% or below, we always have to think in probabilities: again as I said, some super bullish news
could change that picture).
So there we go. These are my thoughts on ripple in the near and mid-term.
Longerm I think ripple is here to stay, and will always be in the top altcoin range, together with ETH and LTC.
Wife: I'm putting you in a house next year :) Go Bitcoin!Starting from yesterday, I've put everything I have in crypto: www.youtube.com
We have a cluster of fibonnaci levels of the last 3 major legs coming at 15K. Add this with all of the hype of crypto right now: news, bitcoin credit cards coming soon, bitcoin ETF coming in Decemeber!! Guys the hype might actually get the price to 15K soon!!
Starting from yesterday, I've put everything I have in crypto: www.youtube.com
Elliott wave Analysis: USDCAD Can be Headed for 1.2908Good evening traders!
We have seen a nice turn up on USDCAD following the BOC rate decision, so technicals once again turned out to be ahead of the news. We can see a sharp reaction to 1.2800, where is 161.8% extension target for wave three, so ideally that's a beginning of a new bullish leg, headed above 1.2908.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.