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
Sine Wave
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 :)
cyclic smoothed RSI Indicator The chart shows a cyclic smoothed RSI indicator in comparison to the normal RSI indicator. The current dominant cycle is used to smooth and make the RSI more clear and crisp. The turns of the smoothed indicator signal line and the crossovers above the dynamic upper/lower bands are highlighted with arrows on the chart.
USDJPY / M1 : Longterm pleads for a bull trend reversalThe analysis shows off that the long term bear trend of USDJPY 0.07% may have come to an end on this bottom and the reversal time is now triggering.
We may have finished the first wave impulse of this new bullish trend . So we are now retracing to find point 'b'.
This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave 'b' can be sold in counter trend.
Which means that buyers need to exit under resistance and can't hold their trades too long...
This analysis suggests that in order to hold longs for long term, this would need to wait for subwave 'c' to be reached.
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
USDJPY / M1 : Longterm pleads for a bull trend reversalThe analysis shows off that the long term bear trend of USDJPY may have come to an end on this bottom and the reversal time is now triggering.
We may have finished the first wave impulse of this new bullish trend. So we are now retracing to find point 'b'.
This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave 'b' can be sold in counter trend.
Which means that buyers need to exit under resistance and can't hold their trades too long...
This analysis suggests that in order to hold longs for long term, this would need to wait for subwave 'c' to be reached.
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
DAX / H2-m15-m2 : Multi Timeframe Intraday AnalysisThis study shows what are my projections for the german index. Still to early too jump into short but certainly not buying anything here as we have a nice reversal on top of the H2 timeframe. Price are probably just pulling back to form Elliott wave 2 point and head to the big wave 3 that should be the extended wave of the bear impulse that I expect the prices to show later. In ploted on this chart the theoric targets I'm looking forward to sell the index again with low risk entries.
DAX / H4 : Ending Diagonal to terminate this impulse ?Just as the DOW count revealed, the DAX 0.76% may be creating an ending diagonal formation on fifth and final wave of the current count that started upon Trump's election and fueled the price without a single retracement (as 2 & 4 were both flat corrections ).
Anyway we might be reaching a market top as suggested and as we didn't have any retracement and that this wave was basically based on promises that will less likely come afterwards.. I anticipate that we should have a profound 50% retracement of this wave. Maybe more if we have some catalysts in the meantime.
For agressive traders, there is still one subwave count to finish in this possible ending diagonal as subwave are supposed to be in ZigZags. So we have wave A, now retracing to B point that we should reach soon, that leaves us with a C wave to look for before considering agressive shorts. Generally we use the fibo extension of 78,6% of previous wave as target... you have it on the chart !
For less agressive ones, of course waiting for the wedge to break down. Remember that ending diagonal breakouts generally creates strong movements with extended 1st wave impulse as first A retracement wave. So there's plenty of room to go close this Macron gap I guess ! That will be Target 1 for ;)
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
GOLD / D1-W1-M1 : MultiTimeFrame Analysis with Elliott+SinewaveTook me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur.
It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses. The first have been completed and we clearly see it confirmed by multiple timeframe sinewave signals. We're now working on the corrective wave of this rectacement ( the A to B wave ). Which normally plots as ZigZag and tends to be the case here. Looks like we've made the first impulse of our sub ZigZag ... working on the corrective wave (that appears to be a barrier triangle on daily chart ). The next move should be a 3 wave bullish impulse reaching out to 100-127% extension of the previous wave. Completing this will give us our B point of major count that we will the sell for the second corrective wave of the monthly corrective count. It can seem messy... but hold on, zoom in and take the time to read ! You'll have much clearer sight of what would be about to come ;)
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
GOLD / D1-W1-M1 : MultiTimeFrame Analysis with Elliott+SinewaveTook me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur.
It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses . The first have been completed and we clearly see it confirmed by multiple timeframe sinewave signals. We're now working on the corrective wave of this rectacement ( the A to B wave ) . Which normally plots as ZigZag and tends to be the case here. Looks like we've made the first impulse of our sub ZigZag... working on the corrective wave (that appears to be a barrier triangle on daily chart). The next move should be a 3 wave bullish impulse reaching out to 100-127% extension of the previous wave . Completing this will give us our B point of major count that we will the sell for the second corrective wave of the monthly corrective count. It can seem messy... but hold on, zoom in and take the time to read ! You'll have much clearer sight of what would be about to come ;)
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
ETHEREUM / D1 : Sinewave & Elliot suggests TP but still bullishCombined Elliott wave analysis and cycle analysis through PRO Sinewave (beta) both tend to confirm a TP area nearby the current prices which would mean the end of subwave 3 of our supposed last impulse (V) that is our extended wave. Which means that we may still have a final 5th wave to complete on the subcount in order to finish this cycle. Anyhow bulls must get out at that point and wait for retracement to eventually jump in again for the final wave 5 call.
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/comment/follow if you feel like it deserve it ;)
SBUX - Starbux's caffein sine wavesI see these two sine waves as you can see, market on the chart.
In my head, this could play out as follow:
- filling the GAP
- wipe out the longs who placed their stop below the minor sine wave
- pullback and...
- ...because of short term overall market drop, wipe out even the stops below the macro sine wave.
Whoaah...a little too far ahead for my feelings.
But it is how my brain tells em the story.
Just waiting for opportunity to come.
P!
RUT - Russel pressing could release soon.Here we have
a) the broken sine wave
b) the pressure cooker
...and a flow to the north.
This pressing could explode soon.
It's a pattern I observe since years, and it works very well.
After the explosion, the steam settles first, bevor floating upwards again.
P!
CL - Crude on a test/retest bevor the breakdown?Here we have it picture perfect!
On the left side, you can see the big sine-wave-swing.
These sine-wave swings often get broken fist, before
a further movement in the original direction.
And so it happened.
Price was not able to move further north.
Oil organisations did all to keep price up - even manipulating in the news...
As I wrote in the previous post: The market makes the price, not a organisation and not even a talking head. We must understand that the value of everything is determined by the trust and distrust of us, the people, the consumer, the markets!
In my last posts you could (and thanks to TradingView you still can) follow my analysis and see how it evolved. It's not about my analysis - it's about the framework I use to be able to make such projections and forecasts. Everyone can do this by learning it...
Back to the chart:
So, we broke the big white centerline.
As the framework dictates, price comes back to where it broke out and test/retest the centerline again.
If price fails to jump back above the centerline, then we have a very high chance to go down to the next line, the L-MLH.
If you are interested in more information about the Fork Trading Framework and how to apply it to the markets, just drop me a private message. I keep you informed about my new course material, coaching and services.
Peace!
RUT - Russel ready to start climbing.Here is why I see that the Russel could climb again:
The orange up sloping frequency shift is reached.
From there, RUT jumped up - in addition, the sine-wave center was breached and hence price is ready to turn.
Besides all these facts, there is one bar that caught my attention: The green marked one showed a nice intention to the upside - watch the close!
So, I'm happy with my Butterflys, watching them getting fatten from day to day as time decay §8-)
P!
Gold GC - L-MLH GappedUsually if al Medianline is zoomed or gapped, we can expect a Test or even a Re- Test to it.
From then on, price will fall.
In this context I see a small Sine-Wave pattern (yellow dotted Sinewave).
We know that the center of S.W''s. are usually get broken, bevor the market starts to turn again and bags the shorts in the up move, wich in it self again produces a bigger Sine-Wave again. The nature of Fractals.
Of course and as always - I can be dead wrong hehe...
P!
EURUSD - Intention for a crime...and they often come back. ;-)So, here we have it again.
After the blue "Time Eater", price has to break out of this range.
You can identify the "killer break". It's made with intention, it will show up - like here, this huge bar (orange).
After the breakout, there is a small pause (yellow Sine Wave Center).
This Sine Wave Center will often get broken, because the week hands hide their stops behind such little structures.
And since we know that a villain often comes back to the scene of the crime, we just have to wait and observe this place, to catch him ice cold and "go long to jail". hehe...
Hide & observe...
P!
Bitcoin Long-term perspectiveOverlaying sine waves on top of a long-term weekly chart of Bitcoin suggests that the price could have already peaked for this time period and the next dramatic rise will not occur until 2020.
Of course, this is only hypothetical based upon previous price movements. The result of the BTC ETF (due March 11th) if successfully passed could likely lead to a new price paradigm.
If we see BTC keep upward momentum outwith the red sine wave then we know that it is exceptionally bullish and ready for new highs in 2017-2018. On the other hand, if the price continues downward, we can expect a test of the bottom around August 2018 and test of a new high around February-March 2020.