Get started

Sellzone

EURUSD-Weekly Market Analysis-Dec18,Wk2EURUSD on daily chart shows a bearish movement. On 4-hourly chart it is a sideway consolidation. The red zone is within the sell zone, within the sell zone sit a deep gartley setup, if the market touches Point D and close below the upper trendline will give a perfect shorting opportunity. The trendline shows a sideway consolidation, breaking out of the trend line is inevitable, but the direction of the break will show a likelihood of market direction.
Short
by RaynLim
GBPUSD-Weekly Market Analysis-Nov18,Wk5UK Pound still on its bearish run, we have took extended target on this Bearish Bat Pattern and we are glad we did. Target 2 hit a total of 107pips profit. As for counter trend trader, do note on the black line that seems to be a strong support, if it is broken, it may extend lower. As for me, I would need additional confirmation before engage on this counter trend trade. To Receive the Weekly Market Analysis, Subscribe to our YouTube Channel & Click the BELL Notification to receive alert once we have posted a video that might interest you: www.youtube.com
Short
by RaynLim
EURUSD-Weekly Market Analysis-Nov18,Wk5Overall market direction for EURUSD is still on its bearish tone. However, at the Pt D Completion of the Bullish Bat Pattern(red) does provide a great counter trend trade opportunity. Will be taking conservative targets should the bat pattern still valid upond touching D Completion. To Receive the Weekly Market Analysis, Subscribe to our YouTube Channel & Click the BELL Notification to receive alert once we have posted a video that might interest you: www.youtube.com
Short
by RaynLim
BEARISH IS BULLISH FOR BITCOINHere we are for the update of my previous analysis. In only one week, we reached the buy zone which match the 50%-61.8%. I draw that zone because we may be in the second wave of Elliot impulse wave theory. The wave two often completes in that zone. Moreover, a lot of people wanted to spot the real cup&handle, and as you can see, the follow cup&handle could be the real one. We are watching now a rejection of the 50% Fib level, but as you can see on the RSI, is the bearish divergence. Today may be bullish, but we would enter in that buy zone for few days. Don't forget that is an idea, just do your own analysis too. That could fail if the buy zone is broken down. However, as the blue line trend indicates, we would not see lower lows. On the weekly chart, we clearly see a potential of second wave forming.
BITFINEX:BTCUSD
by HatrekoS
1
BITCOIN : ELLIOT IDEA FOR LONGAfter having finished the ABC correction wave, we may enter in a new impulse wave on the long-term. The impulse wave I drew thanks to Fib retracement, indicates the different zones where we could find tops and bottoms. During the next few weeks, bears would dominate the market until we reach the buy zone located between $7826 and $8255. That zone matches the 50%-61.8% zone of the Fib retracement in which the wave two often completes. I would update that idea if some changes happen in the market.
BITFINEX:BTCUSDLong
by HatrekoS