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BItcoin to 14k No one knows what the heck will really happen with bitcoin but... according to the chart we are in a falling wedge that needs to regain strength killing all short positions. Even if it doesn´t fall to 14k (it will) as, cash left the market, high inflation worldwide, energy price for miners, trend analysis, and trend following, I would not mess with crypto right now. Is not even cheap to buy it now, this is not the deep. A possible scenario may be a correction of 90% from 28k. Don´t get me wrong, I am one of the believers of the blockchain, Bitcoin will go to 200k the next bull run, but not this year. Let me know what you think. Be wise don´t work for money, make money work for you.
BITSTAMP:BTCUSD
by DeFontain
11
We will be long-short-longThat is long in the short-term (until the Fed), short in the medium-term (until October), and long in the long-term (until next Spring). Through some creative analysis, I have us in Primary wave 4, Intermediate wave C, and Minor wave 2. I expect Minor wave 2 to end tomorrow, likely earlier in the day and then we begin Minor wave 3 up toward 3975. It may take 2-3 days until wave 3 ends. Wave 4 will likely be a day long and I have currently plotted it halfway between the projected movement of wave 3. The final wave 5 will likely last around 2 days. Based on prior wave C movement, the strongest model agreement has wave C lasting 7 days. I figure 7-9 is safe. Based on prior wave 4 movement, the overall move has the most model agreement at 28 days. I think we will fall short of this mark as the Fed rate hike occurs two days prior to this point. We could drop into the rate hike and finish 4 with a wave 5 up after the hike if “it’s not as bad as forecasted,” but most of us are ready for the 100+ basis point future. Wave 3s ending in 4C3 tend to extend 101% beyond wave 1’s movement 75% of the time (1st Quartile), beyond 112.68% on 50% of the occasions (2nd Quartile / Median) and 25% of the time (3rd Quartile) it will extend 125.81%. Wave 4s ending in 2A4 tend to retrace the wave 3 in which they follow by 29.58% on 75% of occasions (1st Quartile), retrace 54.82% half of the time (2nd Quartile / Median), retrace 84.72% on a quarter of occurrences (3rd Quartile). We will likely top out above 4000, but how much further remains unknown. Early earnings may be paltry, but earnings forecasts post-Fed rate hike will likely take us down through 3400 over the next 2-3 months.
SP:SPXLong
by StockSignaler
Ethereum is Ready to Mess UP! (Road to $775)We see that we have reached the end of the ascending channel in Ethereum, and if this ascending channel is broken down, it seems inevitable that the price level of $775, which is just fib support, will come. We clearly observe the interaction of 3 separate support and resistance levels with the price. As long as the vitally important 3rd level is not broken upwards, the channel structure we are in is suitable to be broken downwards. In addition, the 50-day simple moving average acts as a resistance element for us.
Short
by the6ylal
1
Expressive Subjective Predictions About BTCThere is currently an ascending channel and two different symmetrical triangle formations that we are in at the same time. Although the support zone and trend for the lower band seem to hold the price tight, if the fundamental data creates a selling pressure, the targets of the relevant formation formations seem clear. On the 4-hour timeframe, the 200-hour exponential moving average is clearly acting as resistance. Also, the Stochastic Relative Strength Index is likely to exert negative pressure.
BShort
by the6ylal
Trading in PARIS - How AUDNZD and AUDUSD worked out on holidayEven traders need to go on a holiday! However, the markets don't wait for anyone and we were trading on the road. We first took a trip to Paris and it was a hard adjustment because we were trading in different timeframes and traveling all around the country. We could not post our ideas before taking them as we did not have laptops. Metatrader come to our rescue and in the past 3 days, we have made 2.7% with a 100% win rate There was a pattern on AUDNZD plus a lot of consolidation so we decided to go long @ 1.10049 and closed the trad @ 1.10306. There was a harmonic pattern to go long on this. We decided to go short on AUDUSD @ 0.67685 and took profit @ 0.67393 13/07/22 01:3 AUD/NZD Mini converted at 0.858699866543 SD50.76 13/07/22 20:50 AUD/USD Mini converted at 1.39984062 SD1.47 13/07/22 20:47 AUD/USD Mini converted at 1.4016764 SD28.65 Funds: SD11,604.42
by JavonDias_Trading
EURCAD I SHORT or LONG? Here's Your Plan!Welcome back! Here's an analysis of this pair! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
2
Theory 3 of 3 for SPX--MOST LIKELYI have narrowed the likely future paths down to 3 theories. THEORY THREE: Current position is Primary wave 4 of Cycle A of Supercycle 2. Theory 3 is on a faster path while the wave structure is similar to Theory 2. The preliminary bear market bottom would be in somewhere between Election Day 2024 and March 2025. The path for the next month would see the market move up for a few more weeks as it attempts to finish Primary wave 4 (SKY BLUE). It appears Intermediate wave A (PINK) has concluded and it is even possible the low 2 days later was the end of Intermediate wave B down. It remains possible for further downswing this week to complete Intermediate wave B but it likely will not pass below the June low at 3636.87. Wave B CAN go below this level but it would bounce above it quickly. Early models have Primary wave 4 lasting around 28 days, we are 9 days into it so far. IMPORTANT MOVES: There are no duration restrictions on future movement at this time. A break above 3945 before a drop below 3636 would continue to keep this theory in play. PROS: This model appears to be riding election cycles. After Primary wave 4 ends, the market will swoon down again for a few more months with the bottom occurring around October/November this year. The 6-12 months afterward would move up before the final leg down takes the market to around 2400. The correction at the beginning of the millennium saw the overall decline last for about 9 years (March 2000 – March 2009). This was a larger macro event then our current correction. A 2-4 year correction makes more sense for this micro wave set we are likely in. CONS: Negatives are not glaring with this model at this time.
SP:SPX
by StockSignaler