Wavetheory
Where is BTC Going?On the 1hr TF BTC just finished a Full Impulse cycle (5 WAVE DOWN) and a Full Retracement cycle (3 WAVE UP).
A retest of the upward channel is imminent, which should coincide with the support bands drawn. The pullback to the MA and subsequent pull is also a strong indication that this will happen. Only if the Market crosses above the MA can we think about another wave up to higher values.
The indicator of where we're going will be at the 14000 Support. A move below it, followed by a pullback to the resistance (former support at 14000) and another push down will be indicative of a push down to 12500. Look for the pullback to the Resistance to coincide with the MA.
Sets up a good trade setup to short.
On the other hand, if the market pulls hard off the channel trend line, wait for a retest to get in long to higher values.
2 Strong Trade Setup Strategies!
Good Luck,
BTC DIAMONDS/PERFECT ABCD PATTERNIt looks like btc has just finished Wave A of its correction, I expect to see a bounce to the the 0.618 fib line of the fib retracement for wave b and down to the support trendline just below 0.618 of the fib extension for wave c. Long the break of this pattern for certain profits.
New advance in Live Cattle Futures?I´m bullish for Live Cattle. Although it seems that 120 marks a Double Top in the Futures, this can be only wave 1 of a further advance in wave C. The wave count would be invalid if wave 2 breaks to new lows. Otherwise a significant advance above 120 would support my bullish view. Next targets are 127 and then 134.55.
ETHUSD Bullish projectionsYou know the drill. ETH is showing some compelling price action. E target is putting eth above 1k. 900s is to be expected. These targets are already confirmed and we are flirting with NT as we speak. However we are not out of the danger zone quite yet.
Hold on to your loins. ETH is in for an exciting ride.
LTCUSD Bullish ProjectionsTrade setup is as usual. Check the targets on the chart.
Above. We have experienced an impulse. It has driven LTC above 1hr kumo supports. The t-k lines are breaking bull and both heading upwards. Chikou span struggling with the kumo barrier it is in.
Above. The impulse has pushed the price up and out of the kumo and well above the t-k lines, which are currently overlapping and attempting to cross bull. They are tilting upwards, however, which is a promising sign. The future looks bright with a thick kumo's spans turning upwards slightly.
Above. A beautiful bounce on the base line, up and above the tenkan-sen, and up we go. With a very enticing future by the looks of the kumo supports being drawn.