Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 9) --> +7%Welcome to my 9th segment in my golden/death cross analysis series! My strategy is very simple: wait for longer-term trends to reveal themselves when the price crosses the moving average. We're capturing not only the positive movements but capitalizing on the negative movements as well!
In our last short segment, we sold and bought back in at the same level! This doesn't happen often, but following the strategy will lead to profit.
Segment 4
04/01/2018 - BUY $7,150
04/04/2018 - SELL $6,900
04/08/2018 - BUY $6,900
Beginning ($): $11,100
Ending ($): $10,700
Beginning (BTC): 1.55
Ending (BTC): 1.55
Segment 5
04/08/2018 - BUY $6,900
TBD - SELL TBD
TBD - BUY TBD
Beginning ($): $10,700
Ending ($): TBD
Beginning (BTC): 1.55
Ending (BTC): TBD
Let's hope we see some upward movement here and let's capture some gain against USD! Follow along by clicking like and following me to get updates on this strategy!
Wavetheory
Gold Buy Setup What gold when it touches the white line. We already have divergence on the lower TF. This will give us a flat correction for one more move up before going down.
Aud/NzdI know, I know... This pair sucks. But look for it to correct. At least making a flat to yellow trendline. Looking for my downside long term but it is in a trendfib extension zone within a trendfib extension zone. It can extend down forming a correction to break low, but I think even if it does we will be getting at least a large 3 wave retrace.
Eur/cadI was looking for Ecad to push up one little time for a small buy, didn't work out. It still may make more of a flag here but I think it is on the way down, at least on the weekly. Regardless, I spent some time on this one today. Looking at its pattern since '91. It's like anyway you look at it, it is w-x-y over and over... Meaning multiple ways to look at it in 7 swing form, or 3 swing. It is following this fork and different trend fib measurements. The weekly is way over bought and showing it is turning. Makes perfect sense for it to drop from this supply zone for the pattern. Classic 7 swing. If it does like I have drawn up, it will finish a 7 swing lining up exactly fib wise with the larger pattern and pitchfork. IF it did this it would take like a year, going to 140 price level roughly. But it seems about ready. EU, EA, EN looking downside. I am taking this trade and holding for a year. Remember, it can make a higher high on 4 hr/daily. It may break the low and pull back up,but it would only be to finish a correction, probably like a flag... Most likely. I will do a video on my channel (link) later tonight when I have time to give you the full picture.
USD CAD UPDATE... LOOK FOR ANOTHER ENTRY! HERES HOW IF YOU MISSED THE TRADE THATS OKAY.. LOOK FOR A SELL LIMIT AT THIS LEVELS
BTCEUR Elliot Wave Theory Blue Box is the Buy-Zone which is between the 0.5 and the 0.6-0.65 Fibonacci Retracement Levels. On a Larger wave degree we are still waiting for wave 2 to complete. Waves a,b,c are part of the second wave of a larger degree.
XAG [SILVER] WILL MAKE THAT [C] LEG silver has a high probablality that it will make that C-leg before it goes down again.. take profit and wait for it to come to the 61.8% for the sell to the downside..for now stay out of it
LET IT TAG THE LOW AND THEN WAIT FOR UPSIDE OR DOWNSIDEWAIT FOR IT, IF YOUR IN THE TRADE .. GOOD FOR YOU ..TAKE PROFIT AT THE LOW
AUDUSD - Don't Miss this Trade - Long and Short OpportunityWe are looking for AUDUSD to complete a Running Flat Pattern before a move down. If the running flat pattern confirmation is not made we are looking for the previous high at the yellow line. Buys could be between 80 and 140 Pips respectively. We are looking for overall Downside but the buy is our short term focus for this week.
USDJPY - THE BIG BUY IS COMING BUT FOR NOW WE LOOK FOR SELLSWe are currently in a sideways movement on USDJPY. A Running Flat Pattern looks to be the highest probability setup. However, it could become expanded. Look for buys until the reversal pattern presents itself for another move down. WE ARE WAITING FOR A BIG BUY to present itself at the end of the first quarter of this year. DONT MISS IT!
US Indices – Bearish Intermediate (C) – Aggressive SELL - Part 2During the Bull Market in Intermediate 3, Nasdaq was my favorite because of its Wave Count, hence the reason for the successful view on the NASDAQ100 – Bullish Minor 5 - Bulls Come-Back article.
US Indices synchronized their individual Bearish legs once they reached the tops back on the 2nd of Jan.
Same day, right before the sell-off began, I posted the CBOE (VIX) - Volatility Index - Pointing towards a Market Crash article in which I mentioned that volatility could return, explaining how complacency can turn into fear.
Primary Correction officially started then, with US Indices falling off the edge of the cliff and ending the first sell-off on the 9th of Feb.
This was mentioned and signaled multiple times during the Advanced Video Course (see Macro sections and Charting).
Since the sell-off, US Indices performed rather well, unfolding a Bullish Correction which ended on the 27th of Feb.
2nd of March low and 6th of March high are viewed as Bearish Minor degree 1 & 2 (red), therefore, I am starting to believe that the Major Sell-off could have started for Intermediate (C) (red).
Below you may find some Aggressive views and possible scenarios in which the risk is higher than usual but the potential reward could be worth it.
The S&P500 possible drop was mentioned in the SNP500: 2018-2019 Buy & Sell Orders - Correction & Market Crash post.
Warning, these set-ups involve high risk and aggressive approach, do not trade if you are not an aggressive trader!
SNP500 - Short Position:
Entry @ 2710.00 (or Market)
SL @ 2740.00
Targets: 2600.00 / 2500.00 / 2400.00
DXY - Cheating with the Joker - Double or Triple Three?Trading tip:
Caution is needed with the Wave Counts below as the Dollar Index could "pull" its last available "joker" in its sleeve and extend the Corrective Structure towards a Triple Three, thus resulting in a temporary Bullish outcome before the expected fall.
Members already took profits on the previous BIG RED BEAR knocking on your door! Part 2 - DXY 2H set-ups while some performed some trading maneuvers such as moving SL to break-even or in profit.
According to the next moves, the Structure would become clearer and a new analysis would be posted when the time will come.
Many pips ahead!
Ripple (XRP/USD) - Bullish Sequence - Elliott Wave Count Ripple (XRP/USD) is presenting a possible Bullish Sequence as per the current Wave Count.
Corrective Structure reflects a Complex Double Three, with a last piece remaining to unfold.
However, according to other structures this sequence can take, Ripple (XRP/USD) could be a good BUY at these times.
Those who are holding could see $5.75 in 2018 or even more. While some are expecting $20, I would be OK with $5.75, let it go there and we'll see later.
From $0.938 we could easily see a $1.65 / $1.80 and a reaction would be analyzed at these levels as the last fall could not come anymore and Ripple (XRP/USD) could punch through the ceiling.
Verdict: Bullish
