BITCOIN failed to break the DOWNTREND!Hey tradomaniacs,
Bitcoin-Bulls failed to push price above the current trend-channel and are now forced to liquididate positions (especially on margin) which is causing another drop back into the trend-zone.
So far fakeouts like that are usually manipualtions by sellers to attract more buyers in order to provide liquidity the sellers need to fill their positions.
Can 40k HOLD? What do you think?
Waveanalisis
NZD/USD likely to FALL!HEy tradomaniacs,
NZD/USD is testing the current upper trendline of the trendchannel and retraced the previous breakout which is giving us a great opportunity to follow the recent impulse to the downside.
Technically a great chance to sell if risk-off-mood stays in the market.
What do you think?
AUD/USD likely to fall!Hey tradomaniacs,
after a fakeout above the range with seen huge momentum and all of a sudden distribution back into the range.
Now we`ve seen a breakout below confirming the recent fakeout aswell as a re-test which is happening now.
This is providing us a great chance to short with high risk-reward looking. At the same time we see SPX500 at a significant resistance aswell and so possible confluence in terms of risk-off-mood.
What do you think?
AUDUSD WAVE AND PATTERN ANALYSIS TRENDThis post is just a personal idea and analysis should not be the criterion for buying or selling
It seems to be in the g-wave and based on confirmation from other currency pairs such as eurusd, which has a negative correlation with this currency pair and the euro is bullish, this currency pair will probably fall to the specified range in the long run.
It may form in the same diametric microwave
The range I consider for the target is 0.47780
In the rectangles on the chart, the patterns formed in the past in microwaves are labeled in different time cycles and can be used for teaching and learning.
On the chart, I tried to segment as much as possible the educational tips related to the classic Elliott and Elliott in neowave style in the rectangles I drew and the formation patterns in different time cycles. I hope my efforts will be useful for educational materials.
My prediction is that the price will reach this level in the next 4 to 5 years
USD/JPY SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
A little bit later here than on telegram but I hope you can catch it!
USD/JPY: Daytrade-Execution
Market-Sell-Order: 109.800
Stop-Loss: 109.920
Point of Risk-Reduction: 109.740
Take-Profit: 109.350
Stop-Loss: 11 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
EURAUDLa tendencia principal del par (Mensual y Semanal es alcista) el mercado a formado una onda de eliot perfecta ( de 5 movimientos para continuar con un A,B,C,D,E.) Ya realizo LOS PRIMEROS 2 MOVIMIENTOS de la segunda onda de eliot, en este momento se encuentra en el 3er movimiento segundo impulso, y esta enferntada a una resistencia fuerte semanal, si rompe esa resistencia sera una fuerte señal de irse en compra hasta la proxima resistencia mensual ( precio 1.63562) y asi terminar con el segundo impulso para realizar un retroceso profundo desde ese punto hasta el o.182 del fibo ya que el anterior retroceso fue superficial) para desde ese punto realizar el 3er impulso desde dicho punto e ir a la alza
BTC/USD - Areas to pay attentionThere are not many bullish count alternatives left for Bitcoin. This is one of them projecting a long accumulation period between ~6k and 10k over the next weeks/months.
In the mid term it has 5 waves down for the C leg but its still uncertain if the 5th is in or its going to be a diagonal and only its first subwave is completed so far.
Those are some zones to pay attention for a potential bounce, keep an eye on both longs and shorts during the next days.
Few extra things to keep in mind:
1) Mex down contract has the low at 6k, it never closed below their low option so far and judging by the place that BitMex has in this space it will never do so.
2) Futures have a gap that needs to be filled, which in our case can be the 2nd subwave of this 5th or a confirmation for the mid term trend reversal.
Will be taking a look later on on both Crypto Index chart, along with Bitcoin's volume weighted chart and post them below.
BTC/USD - Step 2: Wipe the LONGSWe are almost getting there, before some serious uptrend, but its not time yet, IMO. Earlier today we had a very impulsive move, it was expected by a few, thats why it happened. The market doesnt follow the crowd.
"But, we are reversing".
"Soros will drive this down to 5 4 3 2 1 game over thousand.".
"This is the correct trendline not that".
"We are here on this fractal not there".
"Use log not linear".
Honestly, i found it very amusing that so many people use history to predict the price movement. Since its so easy and you all follow the same concept why there are so many different opinions and views? Let me tell you why. Perspective aka bias. You see what you WANT to happen and not what CAN happen.
So here it goes, one more scenario.
Yes, im aware that there can be many variations about the count after that low. It doesnt matter, its all about the fibs. FIBS DONT LIE.
LTC/USD - Down to double digits but 150 first?I have been watching this chart for a while, trying to figure out a potential count. Lots of fibs point around 85$ area but the current structure seems incomplete . Instead of waiting to see it complete and then post, i decided to yolo it.
What could go wrong?!
usdjpy wave analysiswave 4 is abc
c is (1)(2)(3)(4)(5)
looks like wave (3) is formed and wave (4) is forming
wave (3) is 61.8% of wave (1)
there is still a chance wave 4 to be a triangle, which is almost formed.
but it also might be a flat
if it is a triangle it might be a minor correction inside extended wave (3)
anyway I expect al least one more big move down, which should show us a divergence on D1 chart.
keep an eye on it!