LTCUSD - History repeats itself - target $130From current analysis, it looks like we are in the 5th wave of this rally but not quite done yet. Comparing the previous rally from August to September... the levels of the wave 1 and wave 3 are similar to the current rally. Trying to estimate the end of the 5th wave, I looked for the level reached in the last rally which was just above the 4.76... RSI levels compare nicely to previous rally as well. The ~130 level is also an important level on the weekly and monthly charts as well. I assume we will see a slight pullback on ~100 but if history repeats itself, then we should push through and break it this time.
Rallyup
Crude Oil - Is following the expected path higherOn September 14 I called for the completion of the B-wave triangle. All it would take was a break above 49.42, this resistance was broken on the very same day. This confirms that wave C higher towards 67.27 now is developing.
In addition to the complete B-wave triangle. A inverse S/H/S bottom can be seen, This formation calls for a calculated rally to 58.89.
The MELT YOUR FACE OFF metals rally (starting early Sept 2017)Are you ready for the metals rally of your lifetime? My analysis shows we are about to start WAVE 3 and it should be a massive run higher. Get into position to take advantage of this and the associated global market weakness that may coincide with this move. My analysis shows that near Sept 1~11, we should be expecting to see a massive VIX SPIKE. This type of spike will likely be related to some global/political crisis. The GOLD price should be near the lower pennant formation setting up for a massive upside move. Risk to the downside is rather limited, but we should still take that into consideration. Watch as the metals rotate lower over the next week or two for setups. Sept 11 and Sept 28~29 are critical dates. Time you entries and get ready for what I'm calling the "MELT YOUR FACE OFF RALLY" in the metals. I know I'm already setup for this.
The Bitcoin Rally LONG Continues !After my previous analysis here:
Where the Harmonic Bullish Gartley was confirmed as well as a Head-And-Shoulders Pattern noticed (Thanks VitalyKaminsky) and a breakout of the structure/channel upwards in a bullish trend. An Elliott Wave count seems to be in progress, where a Wave 1, 2 and 3 have just been completed (Caution - Possible extension on Wave 3 - Patience), and it seems Wave 4 is now progressing. Once wave 4 has completed, we should see another Impulse move pushing price upwards to around the $3000 ~ $3100 area, according to my calculations, using Fibonacci extension. Once this price has reached, I shall make another analysis, where I believe the ABC Corrective waves may possibly last for a considerable time, thus pushing the market sideways, until the Segwit2x, UASF and the Possible Fork issues are resolved/completed and all testing has confirmed there are no issues.
Here is what the Segwit2x, UASF and Possible Fork issues mean:
99bitcoins.com
And an additional follow up here:
99bitcoins.com
In my opinion, now is a reasonable time to buy Bitcoin whilst you can still get in (although you are a little late), if you haven't already, especially once price action hits wave 4. I do not see any reason for concern to panic sell the coin, as once the Segwit2x, UASF and the Possible Fork issues are resolved or during the ABC corrective waves, which thereafter, we should see a huge increase in price, well above the $3000 USD mark and it wouldn't surprise me if price action surpasses the $4000 mark or greater, after the 1st~6th August time frame.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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SPX Ready For A RallyThe SPX is on the verge of a rally inside of the consolidation mode it has been in since the beginning of June. Reversal signals at the bottom of support is a good sign that things are about the change. Only thing left is to wait and see. An attempt to reach the resistance in the chart below is looking very likely. Don't be surprised it market does go up. The signs are there already. Just make sure you know the difference between good reversal signals and bad reversal signals.
US OIL ANALYSIS - H1 VIEWHi traders,
I posted an analysis last week on Us Oil, which I realized it was wrong! So I have analyzed Oil again and now I am sure about the analysis I have made.
In the Daily, we have the start of an Elliott motive wave. So we know Oil is going uptrend. I will post the Daily view after this one.
In the hourly chart, we can see the H1 impulses and respective corrections. Last corrective move has been broken, so now we want to look for a buysetup = FLAG, and get on a long position.
Whenever we reach the topest orange level the market should brake it, if it doesn't, we will save the trade putting stop to brake even.
Carlos
Feb Lean Hogs Rally UpLean Hogs rallied higher today looking to complete the Gartley. Look for Double top if prices don't continue to progress today, although double top is slightly eclipsed. 78.6% is set at 58.775 of the Gartley pattern. If Double top look for price drop Wednesday, but be causes. Could turn into chop. If bulls pressure could see uptrend continue. Watch corn progression.
BULLISH RALLY ABOUT TO START IN IBEX35A bullish rally is about to start on the spanish index. The famous ibex35 is in its way of a major wave III with a very clear continuing diagonal triangle at wave II.
Bullish positions till arount 9000-9150 and then get ready for the wave IV to come, probably on a sharp rally due to elliots wave alternation rule.
Maybe we there is a fair chance to be involved in an extended wave III so we coud potentially reach 10000-10500 pretty soon.
USDCAD Possible Short-Term CALLUSDCAD is possibly ending its 2nd wave with its retracement to the 50% Fib level (RSI indicates oversold) which could be the beginning of a strong rally to the upside into the supply zone where profits will be taken. I will wait for price to break the 61.8% Fib level or strong engulfing candle to confirm rally to the supply zone.
Oil EOW Outlook Target objectives (45$- 50$)Crude Oil is currently trading around the 38-39$, as weekly bias for this week remains bearish as long as we are below 42.14 - 42.83 Pivots as Crucial Point with fibo50%.
a move up above 43$ would be a bullish signal and indicative of a resumption of recent bullish gains.
* Im not trading this , just internal use*
The story of USDCADOnce upon a time their were a bull and a bear in a forex bar. The bear and the bull got into a fight. at first the bull was wooping the bear ass but the bear came back with hay makers himself. The bull put up a pretty solid fight until the bear got news that if knock down the bull he get free drinks all night. so the bear knocked his butt down. little did the bear know. the bull is bouncing back from the support he heard from a far distance from other bulls.... to be continued.