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Recovery

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.
by ew-forecast
Bitcoin will probably keep going up from hereBased on the existing trend I think bitcoin has bottomed out and is heading higher soon, but maybe not at the same pace as previously during the run from 3k to 20k. The thick line is resistance now and was previously very hard to breach. The slope is positive though so there is no need to pass this resistance to keep going up. The FUD has been immense but bitcoin is not DEAD. After a dump like this I think price will go sideways to shake out impatient people. TLDR: The local bitcoin bubble has been popped (as many times before), and I think the price is already recovering.
BITFINEX:BTCUSDLong
by spelgubbe
Traditional January Sale on Bitcoin - Strong recovery ahead!History usally tell us more then we might think. Most of us have heared the saying "History repeat itself" and this might just happen with Bitcoin. Looking back 3 years of Bitcoins valuehistroy you could se that after every time it reached its lowest point in January it then recoved and became stronger then ever. We havent seen any strong trendchanging indicators wich i probably will post in a couple of weeks. This is only based on asumtion and history. 2015 -It stared to go down in August already and in January it reached its lowest point at 172 $ 2016 -The same thing happend in again one year later... 2017 -Same thing might happen again - Bitcoin is most likely at a traditionally January Sale No one knows for sure where its heading but i strongly believe we will se Bitcoin at 20K $ within a couple of months. Recomendation: HODL TRADING FUTURES AND OPTIONS INVOLVES A SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
BITSTAMP:BTCUSDLong
by flaavless
1
23% fib bounceI'm still very new to analysis and not yet actively trading. Just getting practice making calls to see if I'm right. Feedback welcome! I'd love to hear some tips and tricks from more seasoned traders and what you think of my analysis. Yesterday I talked about a falling wedge forming (see related ideas), which turned out to not be as strong as I thought and I ended up being pretty wrong. I'm realizing I may be too zoomed in when looking for trends. I've started looking at the 60 minute instead of the 30 minute today, and zooming out for several weeks when considering my patterns, even my small intra-daily patterns. Today, it looks like we're set to drop back down to the 23% fib around $12600 which I would say is a good entry point not just for a quick trade on the rebound, but possibly for a larger upward week-long swing, which I've stated before that I believe is coming off of this fib due to a strong support line shown back on the 30th & 31st, as well as the 22nd of December. Like I said yesterday, I wouldn't be surprised if this brings us back up to the high $16000s Things to note: Interesting but unrelated: The yellow box shows a "3 black crows" candle pattern which is confirmed by the big selloff candle right after. Take a look at that volume! I was just reading about this pattern and was happy to see such a clear example in the last 24 hours. This huge volume selloff was immediately trumped by an even larger volume buy-in. I think a lot of traders were thinking this was the new bottom, but I think we've got one more selloff to go before we get back up - the cloud is still bearish as ever. There are a variety of ways I could be wrong. We'll see. Let me know what you think!
COINBASE:BTCUSDLong
by Treefort
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.
DJ:DJI
by ew-forecast
3
LTC on the UP SIDE!!! YEAH! Waterfall Recovery...Looks like LTC is recovering nicely from a WATERFALL movement, last night...(12-21-2017) phew! Almost back up to $300 price range, things are gearing up again for a POP to the UP Side! (Finally)! Buying in on LTC at prices below $260 was difficult due to excessive trade volumes bottlenecking the Crypto-Exchanges. For example many already know that "CoinBase," was overwhelmed with trading that it temporarily halted trading?!?! That tells us that if these bottleneck issue can/could be resolved then the prices more most Cryptos would already have reached well beyond what most would consider "reasonable,"i.e. the MOON?! Cross your fingers and Make a Christmas Wish!!! LTC all the WAY!!! ; )
COINBASE:LTCUSDLong
by iknoxred2012
6
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.
by ew-forecast
2