EUR/GBP near to leave at the 0.618% of Fibonacci to continueHello guys, using the Fibonacci we see that the price it's go to up a little and in some minutes the price it's touch the zone of 0.618% of Fibonacci. Also let's me see the present the 3 targets profit of the Fibonacci for trend:
Targets:
Target # 1: 0.382%
Target # 2: 0.618%
Target # 3: 0.786%
And also, the price it's can be a less possibilitie to reach more of 0.786% of Fibonacci, but, this is my perfect target to find down. 1.237% of Fibonacci, this is the 4th target profit.
Also, if you see my lastest technical analysis and make a short in the 8990,congraluation because we are in profit, if you not close your position and keep open up, I reccomend that it's time to make a break even, in the zone of 0.8972, and secure near of 20 pips until the complete your take profit to earn. Now, I show you when to put your breakeven, so look up and see and learn what I do.
So, the price is now in the Fibonacci, also, we are found in the butterfly bullish, and this is a potential siganl to reverse the bull trend. The only we need is to hope and see if the price is go down later to confirm the 0.618% of Fibonacci, and see if the price go to break down the resistance line that was in the past, now the resistance line past is now the support, if this broke down, the price it's can be to reach at So, in some days, I want to dedicate a special technical analysis for this par in macrotrend to see what do the par do?.
Updates
Updates USD/JPYfor the moment, in this par, I see a new updates:
IN Daily there are a possibility to entry in short yet. Because the trend is bearish. Also, we see that there are a possibility to reach at the zone of 102.21, so an earn of +200 pips as potential earning from this week.
Now, using hte price action in H1 there see that there are a great possibility to the make a possible correction up of the price in H1, if you follow the price action, you can get it.
But, now more interesting is the H4 timeframe, there are a great opportunity to entry in short at the zone of 108.00-108.05, in that zone, this is a great zone to entry in short. But, remember, We follow selling in this par to accomplish to earn pip in the large of the days. Remember the only update is the we are in the bearihs channel, this is a big scenario what the bullish chanel in H4 it's can be broke down.
Updates: ECB fundamentals in Long In this par, EUR/USD is show us in the morning that we see a awesome fundamentals that European Central Banks said in the morning that it would increase bond purchases to provide the hardest-hit economies in the Eurozone with a boost after being bottened by the coronavirus crisis. So, guys, this is a bullish fundamentals of what EUR it's their mean.
So, in this technical analysis, EUR/USD in H4 timeframe is above of the EMA 8, so, also EUR is represent a rejection of the candlestick wicks bearish, so, this is a bullish scenario of what the force in EUR we found up demand zone, and institutionals consider EUR bull run.
So, firstly, as reccomendaton assume your loss and close all position in short, because EUR/USD in H1 timeframe has force to continue up and indicators are bullish.
This is a panaromic in Daily timeframe, remember, we can see a possible formation of double top in H4 timeframe, and there, its may be a bearish scenairo after this awesome news of what ECB speaking otday in minutes.
Special Technical Analysis for Bitcoin, Beyond of thereHello guys, in today Saturday, I will going to share you my expectative and what Bitcoin price do.
So, let's start it:
So, firslly, Bitcoin in monthly timeframe are into the grant zone of simetric triangle from a bubble of December 2017 when Bitcoin reach the mark of near of $20,000 USD, and so, we are in the elliot correction zone of the D, and this D it's reperesent a possible movement contrary, in that case is down trend. si, prepare of what do Bitocin do.
So, this is a many reason that i publish in my text in screenshoot, so read it above!!!
So, in this screenshoot, we are in the highly possibility that Bitcoin drop the price in this zone mark a red, indication a possible sell it in the zone of $10,000 USD to continue the theory of the simetric triangle.
And so, in Daily timeframe, we are in the elliot wave # 4 into the simetric triangle, but into the simetric triangle we have a elliot wave correction or accumulation ABCDE. So, look below of there.
Look in this screenshoot what condicitons and structure of market we are, many people say that Bitcoin it's need to sell it at $9,600 USD, and so the short term we can to to go the moon when Bitcoin leave at $9,000 USD to buy in that zone and later, to continue the final elliot wave cycle # 5 and find up at the target profit at $11,310 USD, but beware, any thing, because I exaclty say that Bitcoin it's also in the highly zone in weekly simetric triangle or monthly what we can wartching so better., because in any case that Bitcoin break up the simetric triangle and later amke a fake movement to believe that Bitcoin going to find up the target of $!1,300 USD based in the theory of elliot waves, se can see a possible scenario of maniu;ation zone and there Bitcoin don't can leave at the zone of $11k. So, as trader we need to prepare in this case the hide of the institutionals and trap of bull if you long it, because other possible target in that case in bearish trend is $7, 624 USD.
But, remember ,we are in the elliot wave cycle, and I proyet a possible up of Bitcoin price at $11,310 USD and I compare the proyection of elliot waves # 1 that was a up of 46%, and there are my proyection, but beware on this case if Bitcoin drop, so, please take confirmation in your mind and know use the indicators and price action, are the key of success.
So, in summary, I going in long, because Bitcoin is the grant money kind that I know and I see that it's deflaccionary, so, the bull rally it's comming soon, IF Bitcoin break up the simetric triangle and break up more later the strong resistance at $10,600 USD and pass the $11,000 USD for the next week, so, the sentiment of this market are strongest bullish.
Updated EUR/USDWell, this is a following of my technical analysis. I see that this par it's want to going to cross to a possible sell it in EUR/USD, because we have a manipulation zone, and also, it's more impresive to know what the price do!!!
And a reference, in H1 we can see a posible shoulder head shoulder in the high zone to sell into the simetric triangle, that sound a good opportunity for EUR/USD, So, we need to see the next candlestick if the price can be to drop the price.
So, in above screenshoot this is my proyection, but I want to include a thing if my technical analysis it's invalidated and the price it's do to make a movement against my analysis, because if the price it's break up the simetric line up and confirm to entrer in H1 to a buy zone, so, I reccomend that closed your trades if the price once the confirm the zone as support like there.
But, for now hte position is short and I belive there that my technical analysis is better to inentificate manipulations zone, because, we can to see a manipulation zone, and also, I updated tomorrow my technical analysisi.
Updated for AUD/CADAUD/CAD broke down the rising wedge, now we are in th bearish moment and sentiment. So, I didn't not to enter in this position because I'm following in daily timeframe, and also in H4 to stay see if the price change my sentiment, now for the moment I going in profit. So, please check the news and look out if there are any news out to affect the price.
13/05/2020 -3This one is from the 2 hour, I makes the smaller drawings on the chart alot more visible.
I do expect a drop in the coming days/weeks, possibly over the weekend although I am unsure of where exactly we are going from here onward as many outside factors are now in play which makes this alot more difficult.
I have seen alot of shake-outs with REKT longs and short positions, I do have a theory but I will hold off for now and update soon.
Thanks!
13/05/2020 - 1Update.
Changed chart to make it look better lol.
Show some rustic S/R lines dating back a while that BTC seem to have been respecting. Long term resistance yellow line and long term support.
The white dotted lines are the lengthier S/R lines I was able to draw on my chart for as far back as my chart data takes me.
I will post LTF's to make the levels and patterns more visible.
EUR in possible buy and possible armonic pattern formation!!!In this technical analysis. EURO/US Dollar in H4 Timeframe we see that a possible armonic pattern in formation or incluse a possible breakout, so, I do not enter until this par make a confirmation a buy or sell if EUR/USD break down the simetric trangle from 52 days. And also, we can see a possible bullish divergence in RSI that we need to keep watching this par, it's a very interesting to entry them.
So, my next step for this par it's hope to EUR/USD arrive at thiz green zone to hope a candlestick pattern and take and have a confirmation to take my decision using the price action.
Also, in this screenshoot in weekly timeframe it;s my proyection of elliot waves cycle that we are do.
HSBC Pushing Upwards...HSBC is the best bank stock to buy and hold right now. Note the hold element in that statement. Take security in the support level mapped out @ 20.50. This is very likely to hold, but we could be in for some consolidation here. It's very likely that HSBC will hit the target in the 'entry price'. From there, we have two scenarios.
One is that it lifts off from that target due to the local support within the range charted. If this happens, then we can expect HSB to hit our target with very little effort.
The second scenario is that it consolidates and goes slightly below our entry, before potentially falling through/holding that level and sitting tight for a week or two. We need sufficient volume in this situation and we should be looking to get a safe entry at all costs. Whilst the volatility is residing, we can take a technical outlook and chart onwards from there. For now, however, I think the idea presented works perfectly in conjunction with what the chart says to us here. I would expect this target to be hit by the 1st June at the latest, but as early as next Tuesday.
09/05/2020Another update.
Thinking back to previous charts I have posted and looking like the long term resistance has been broken...BUT... is this pre-Halving hype taking over or are we in for a correction sooner rather than later?
RSI looking oversold, MACD converging on itself and a long way from zero on the histogram the looks to be turning bearish. The long yellow support line only goes back just over a year but is still relevant as a support as it has only been broken through on the 'black Thursday' dump from which we have recovered and are now trading and testing the highs of 14K again.
IMO, we have tested this resistance alot ore than we have tested the support, I think the hype could be having a malor effect on this price movement as we have seen almost a $500 from the $10K mark overnight. I think BTC is oversold and most likely because of the recent news. All indicators, excepting price, are calling for a rejection and a correction.
I do see the correction coming either pre or post Halving but a healthy pull back is what we should be looking for.
If BTC can break the 10K mark then 10.5K would be the next target to break for a continuation upwards possibly to the 14K mark, although my opinion is we will correct sooner than we can break, giving me an estimated target of 9.5. If that continues to break down I thing the next stop would be 9.3 and further again 8800s.
All my own predictions and charting what I think. I know the descriptions are unclear but hopefully the charts are not as bad as my descriptions.
IMO, Bitcoin is oversold with the news and hype for the Halving and past the correction we were due for so maybe we wont see it happen for another month or so but I have no doubt we will see the correction. How large, and exactly when...I do not know though I would be ready for it when it comes.
I use other indicators also and most are telling me the same, the TD_Seq has also not changed and has been calling for a reversal for a while after printing a 9 top green yet as the price continues to rise, this has not changed.
Difficult times to trade and with the Halving on Monday, after weekend prices, I am very sceptical* of the moves we will see over this weekend and in the coming week post-Halving.
Trade responsibly, be careful with SLs and the weekend trading bots that are moving this market as we all see it today.
(I am having a bit of trouble with my tradingview account right now but hopefully it will be resolved and I won't have to start over again for those who see my ideas)
Thank you for taking the time to view my chart and if you think differently then please do feel free to comment and tell me what you think, I am very open to other ideas and would happily check them out and compare to my own.
PEACE!
24/04/2020Some historical examples of double tops leading to dumps and double bottoms leading to dumps.
**Chart only goes back one year and is very compact, without recent price movement included**
Will do a more detailed chart as best I can and publish also, although my recent targets have been invalidated, I still stand by my predictions given the current economic situation.
The mass adoption is rapidly becoming even more apparent throughout the days now, large intitutions have been and are buying up crypto even at these current prices.
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