BTCUSD CRYPTO WILD WESTWith a weak hands shake out, from the premature break of the ascending triangle and a failed H&S after to reck the premature sellers, looks like we are continuing the uptrend direction. On the move to hit 19k, if we are able to break and hold above the trend line. This is Crypto Wild West.
Soothsayer
BTCUSD MOVING INSIDE ASCENDING TRIANGLEBTCUSD is moving inside an ascending triangle, after it has broken a strong bearish trend. Look for possible retracements to enter in a long position. Beware of false breakouts due to this compression phase, if breaks the trend, that will be our invalidation zone and stop loss.
S&P500 BUY - Beethoven's 5th SymphonyThis is a continuation of the US500 trade idea posted a while ago. I applied Elliott wave theory and fibonacci extensions in market geometry to predict key zones in price fluctuations. As I found Elliott studies so poetic and inspiring, I decided to do a twist with the name :) We are going for the bullish 5th wave. Look for signs of support around 3131 and enter long. There's also big chance to eventually test new highs due to FOMC report yesterday. Turn on your printing machines.
US500 BUY After strong ABC correction, we will start a new 12345 wave sequence.
Looking for long in SP 500 after bounce from support.
S&P500 SELL SHORTWe are going to retest the broken trend line. Price Is forming a correction ABC zigue-zague structure. Looking to sell after rejection on the green line.
BTCUSD BUYWe are forming an Elliot triangle correction pattern. At the moment price is consolidating at the tip of the wedge, expect a contraction in volume as we consolidate and gain momentum go up. When we do, it means BTC also broke the 2years old trend line, and we will be having a nice bullish season. Be aware if we break the base of the triangle, it will invalidate this trade idea.
XAUUSD - Beethoven's 5th SymphonyThis is a continuation the XAUUSD trade idea posted a while ago, where gold has been following my forecasts. I applied Elliott wave theory in market geometry to predict price fluctuations. As I found Elliotts studies so poetic and inspiring I decided to do a twist with the name :) we are going for the bullish 5th wave. Turn on your printing machines ;;;)
SP500 SELL - BIG UNEMPLOYMENT CLAIMS TOMORROW?This is an update idea regarding the other post. We've witnessed a big gap that brought the the price artificially above all resistances levels , but it bleed all the way down. Technically it's forecasting a red report for US tomorrow if keeps following #Elliott principles.
SP500 SHORTCurrently the SP500 is poiting south.... after the impulsive waves correction aka fed injecting liquidity in the markets, we can see that manipulation clearly with a divergence ( red arrows) price registering higher highs and oscillator higher lows.