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Bitcoin & fibs 13,327$ & a quick lesson in the descriptionHere's a lesson in the relation between - LEGS - Elliott wave fractals & fibs what is a leg? A leg in a market is defined by a pump up or a pump down IE upwave or downwave IE impulse up or impulse down the recent leg we witnessed is measured & starts at 2931$ in price at the top of the cycle IE LEG we saw prices reach 19753$ Now we are all expecting a bounce in this market then we could either see ATH's this year or the other possibility is a longer consolidation period / short term bear market the truth is no one truly knows but I vote favor in the probabilities of bullish but everyone has different trading styles and opinions on the market & is entitled to. for me bitcoin reminds me of the gold fractals as I have shown in my other graphs on tradingview - examples --- so I think Bitcoin will reach new ATH's in 2018 but only time can tell I see sufficient volume for more ATHS we just need to watch the market structure in this bounce and get a better idea for the picture we are getting painted here with BTC . Here's some more of my recent work on BTC best of luck out there and keep staying profitable #HAI
BITFINEX:BTCUSDLong
by High_Altitude_Investing
16
A nice bounce that needs time to confirmMy thoughts on LTC (not fin. advice, please I'm a noob don't listen to me and DYOR) are the following: A few interesting things have happened. First, the RSI daily reached oversold conditions below 30 yesterday, which was the first time since Dec 2016. It was short lived, and we saw a good bounce. My hope is that this isn't just an oversold bounce on the daily time frame, with bearish continuation. We need to see more signs of reversal, which is when I usually turn to bluntly obvious upward price action shooting at the moon and new ATHs, or Magic Poop Cannon. ;D I am optimistic about the near future however. Lots of new investors (and especially new to crypto willing to take the plunge) have been watching this bear action over the last month and have a few extra Ben Franklins earned in January waiting for less red and more green to buy in. Sadly, many probably don't know they should buy red and sell green, but at least it could help reverse the markets. Second, we do have some light shining on a potential bullish MACd cross on the daily time frame. LTC has had the most significant bounce of all crypto in the last 24 hours, LTCBTC looks especially great I might add. This 30%+ bounce might tell people where it's really at (I'm a biased LTC supporter/fan, but still that's something to consider) and more people might start buying it. So LTC has a lot going for it, I hope it can keep up its momentum and hold at these levels. Last thing I want to point out is that LTC has gotten back to the previous support level (lower red line) before dropping through and crashing. Maybe a few of you experts out there can tell me if that's significant or not (meaning, breaking through a support level and returning to it), but I think it is. It may not apply however, I simply don't know. Congrats to investors who bought the dip and are sitting on a fat profit! May the tides be ever in your favor. I myself benefited a little bit from the dip, but I was conservative in where I placed my buys still. Hope this might shed some light on new ideas that you might not have considered before. I'm really excited to see Feb. growth, and the the season of return of the taxes!!! Bye yall. See you on the moon.
COINBASE:LTCUSD
by jbutler7
1
Current Tech Sector Outlook (Cautiously Bullish)What a year! The Fed, optimistic market assumptions regarding pro-business legislation, and a return of strong corporate earnings. I was definitely ready to go bearish when I heard the relatively hawkish statements from the Fed recently, but it looks like equities will just keep grinding up until we have some serious paradigm shifts in the markets. It's great to be writing on TV again. I think it's very healthy to write out and share our thoughts with each other :) Basic Technicals 1. Trend is unquestionably bullish. 2. RSI and MACD in positive territory. 3. Weekly MACD is showing a potential upcoming bullish cross. 4. All EMAs have a positive slope, further indicating bullish inertia. 5. Only bearish thought I have is a possible regression to mean at some point on the EMAs. Fundamentals 1. Solid corporate earnings. 2. Despite the Fed possibly raising rates, we know they can always step back and revert to QE style policies if the market falls. 3. No significant signs of inflation, which gives the Fed room to keep working. 4. We may actually get the pro-business tax reform/other legislation that the market has been anticipating. I'd like to think that it has been "priced in", but even a flicker of good news is used as an excuse to pump up the equity markets these days. The main reason I'm labeling this as "neutral" is because I can't get over my skepticism of this year's bullish run-up. A reasonable pullback would be very natural in October, but trying to predict that is a fools errand. The best course of action is to continue riding the bullish trend until we see very clear signs of a minor pullback. Cheers and happy trading!
NASDAQ:QQQ
by KaizenTrader
Projection DE30, looking for year high 13700~From a 100% technical perspective, my chart is telling me DE30 looking for top of bullish channel since post subprime crisis rally. Before this happens though, I'd like to see a drop to 12316 - 12392 (2015 high) for a healthy climb the coming weeks. So to conclude my thoughts I think we've seen swing high looking for swing low to a new all time high that might roll over very fast because of the lack of confidence in stocks that are already overvalued.
OANDA:DE30EUR
by LordTrader
GBPJPY THOUGHTS - JUNE-SHORT TERM.After the panic selling on friday thanks to the NFP data i am wondered what next week will bring us. No further advices, just leave what you think please. although there is a promising COT of the GBP www.myfxbook.com so i do not know what we are up to after mondays events. But volume did lower so i might be expecting a slight correction to the upside. if we are not going to have that correction back to 0.618 my thoughts are that we are going down FAST.
by JohnQuid