EURUSD (uptrend will continue)Hello Traders!
Glad to present Tengri's Traders intraday prediction concerning EURUSD currency pair.
We suppose, during next week, present uptrend will continue.
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Sine Wave
EURUSD Ambitious trend analysis ideaHello future me, this is an ambitious idea to find out general areas of tops and bottoms for the EURUSD based on the past three decades. We draw up some basic greater support and resistance on Monthly EURUSD. The pair looks like most of the price action has taken place topside.
When learning about markets and trading we keep hearing that markets move in cycles. Pay no attention to the placement of Sine Waves in the chart, instead pay attention to the highs and lows. Highlighted areas are of interest where tops or bottoms occur. Blue zones are drawn equally to determine if there’s a general area where these extremes could be found. The waves don’t say anything other than “here there possibly be an extreme”. We have two instances of Sine Wave tops and two instances of bottoms in our theory, meaning no confirmation as per the three-touch rule. The top would be after the trend convergence, which price would break to the upside.
Overlaid with Fibonacci Time Zones (black verticals), they align near the centre and extreme point. From these two tools it looks like we could hypothesise that the EURUSD is indeed cyclical and can use this as a basis for a working theory on which general time area the market may top.
Applying Fibonacci Extensions (right side) to estimate possible important price levels we can see that historically price has reacted to these levels. Right now we’re being squeezed between the upper resistance and the 23.6 extension.
Fibonacci Retracements (left side) from the last great bull trend confluence at certain levels. Namely the 50.0 retracement and the 23.6 extension, the 23.6 retracement and the 50.0 extension, with some deviations among the others. The confluence of retracement, extension, the possible end of the bottom, and nearing the greater resistance, we may be looking at the turning point where we find ourselves in a new bull trend. If the patterns hold true, we could be in the confirmation stage of a new bull trend.
The market looks to be favouring the long side, with risk to the short side. Anyone attempting to trade the overall trend idea should only do so with small lots due to possibly wide swings. If applying this idea as a basis for near terms trades in the shorter time frames, this idea could offer a guide for possible overall market trend. Look for entries either at the 23.6 extension or if bulls break resistance. Make sure to look at near-term price action to confirm breaks as we want to see conviction in whatever move the market makes, meaning price should accelerate. Highlighted are two possible candidates for tops. The first being around the 50.0 extension and 23.6 retracement confluence, and the second possible top could be a full retracement back to the 2008 high and the 78.6 extension.
If we zoom in a bit (still monthly time frame), the EURUSD is trading constructively in a Pitchfork. We’re seeing conviction in the market breaking the median (red solid) and 0.5 medians (green solid), and consolidation/exhaustion if the price can’t push through. This could be an opportunity for when to enter the market. There appears to be three possible areas where price action could hit resistance, if it doesn’t break down from exhaustion (median). If the market breaks resistance that marks the end of the great resistance starting 2008 and the beginning of a major breakout. Usually at such times the market is very volatile and even chaotic, with fake-outs and irregular price movements.
Or the market could just either break support or trade in a range for years to come. As traders we trade probabilities and never certainties, because there are none.
Whatever the case may turn out to be, good luck out there and have fun.
VECHAIN LONGUsing market cycle theory VEN will start to rally now and then hit new peak at the beginning of April.
#Bitcoin 60-Day time Cycle This chart has been shared a number of times Since December. Back then Jan 12th was identified as the next logical 60-Day Time Cycle Low.
Today's massive capitulation selloff is the type of selloff one normally sees during the final hours of a Cycle Low.
I don't have a crystal ball, but this intra-day reversal could be the start of a new 60-day Cycle
OmG is on it's way.. To Heaven ?I expect formation of a HANDLE and consequent impulse towards the Pressure Line as a continuation of a larger triangle trend.
The Long trend is beautifully embedded within a Sine Wave womb and about to hatch on the first weekend of 2018.
My plan is to benefit from short position on impulse towards pressure line and eventually on long position after price breaks out around the Conclusion Point .
I see beauty in composition of this chart, in particular the coincidence of sine-wave intersection with the tip of the pennant in what i call Conclusion Point .
This captures my attention and compells me to invest. Am I silly ?
This is my first ever published idea, and I'm very new to trading and TA ( it's vocabulary also) in general, so please excuse my potential inaccuracies.
I will appreciate any feedback.
Thank you
BTC Parabolic realized with Sinus Function Midtime Target 7000$Idea from Peter Brandt, the Bitcoin -1.05% (BTC/XBT) is rising in parabolic function, so i try to use the sinus function and fit the parabolic gradient to the chart.
Maybe this Experiment works, otherwise i have hopefully found a way to save my chart´s in public without to must buy the Pro Version of Tradingview.
@Tradingview Creator, maybe it is possible to sell in the future a student version, would be great.
Every feedback is welcome, i see every advice as a possibility to get better.
Twitter:
Dipl_Ing2k17
PeterLBrandt
trading market cycles with PRO SinewaveFor those who already know or simply heard about Sinewave oscillator created by J.Ehlers out of Hilbert filter formulas... The PRO Sinewave indicator will stun you !
For those who don't, well you might be missing a very interesting market approach and I suggest you to google the two names above to eventually start tipping a toe into the beautiful cyclical world of trading !
Usages can be very wide but I personnaly focussed on creating an algorithm to filter, and signal out of the sinewave oscillator.
It ended up with this PRO Sinewave indicator !
But there's an important thing you might need to know (if not already) is that a proper trading signal can never come out of a single indicator... (holy grail indicator doesn't exist and therefore every indicator will have its own strengths and also weaknesses). To avoid this I also developped the PRO Momentum wich is also a very complex signaling indicator (with patterns coming out of momentum based indications). Momentum and cyclical approaches are very complementary and when you combine the signals from the two indicators you'll obtain a very low risk trading signal. That doesn't mean they'll be 100% winners... Only fools could believe such thing. Everything about the Momentum & Sinewave signaling process is details in this PDF manual (right clic to download)
Anyway I hope I caught your interest on this great topic that is cyclical analysis of the market !
ADA/BTC Short Term HoldingSince the market data for ADA is fairly new, it is difficult to call a long term holding. This is due the the potential that it could have much more increased demand in the beginning and then phasing off. However, as of now I believe it is definitely worth checking out. For a short term holding, it looks like some expected positive correlations can conservatively happen the next few days.
Sine wave and Previous Double Bottom pattern in VTC/BTC Well , according to the past data of VTC/BTC there is some regular double bottom pattern and the sine wave is currently in a resisting zone. Once it crosses I guess it will follow new pattern.
Thoughts on BTCUSD MovementMaybe some of u feel happy to buy dip this week if u noticed my posts this Monday and last week.
Actully someone said I was insane when I posted the charts in chatroom, as they do not believe the price can even move higher or for fear of holding this long position due to its volatility.
Well I'd say that the structure moves quite clearly not only because of its ratios among waves , but also from time and cycle perspective.
I selected recent major swing high and low points and happened to find that the waves moves quite concide with the equally divided sine wave cycles, peaks and valley showed up synchronously near the balck lines.U can check the arrows on the chart to find the coinsidence.
And I also measured the 5 wave structure with fibo times(red lines), amazingly find their confluence of sine waves even I didn't measure them with the same start point and intervals.
Although it is a unproven theory or maybe there are some mistakes , I'm still expecting its performance near each potential time peaks or valleys.
According to the chart, let's see what will happen during Nov.13th - Nov.17th, and attention to the price levels mentioned before:6284, 6927
Litecoin buy-in opportunity. Potential double.After a hefty sell-off, Litecoin has reached the bottom of a horizontal channel. If the sine pattern continues, Litecoin should double by the end of September. The RSI has reached the oversold zone and the bottom of it's sinuous oscillation, signaling a price reversal as well. Buy around 0.01 BTC and sell at 0.021
LTC to Goblin Town?Context : The great LTCBTC sine wave rested on support (0.01 BTC) in May-June 2017, before above highs of 0.02 in July. August saw LTCBTC trending downwards to touch on the 0.01 BTC support again before returning to around 0.018 BTC.
In September, LTCBTC has been trending downwards - and we may see this downwards trend continue back towards the support zone around 0.01 BTC, before a potential reversal - back to 0.018, or even as high as 0.02 BTC.
An appropriate trading strategy could be to buy in at around 0.01 BTC and take profits at 0.018 BTC or 0.02 BTC.
*Special thanks to @Faboose for inspiring this idea's title :)