Alpha_Mind

Alpha_Mind

I assume a huge ending diagonal that will mark the long-term reversal point for this pair. It will take more weeks to complete it, need some patience to build a position into the weaking us dollar, that, most likely, will start early next year. The internal structure requires that the 5th wave prints a clear 3-waves move, so I am assuming a corrective phase...

Alpha_Mind

This is the mirror reflection of the DXY chart. DMA50 and 200 in a clear downtrend, printing further bearish flags. We are likely observing the wave 5 of (3). Still more downside. After the wave (3) is completed, expect a larger corrective structure in the wave (4) before the final sell-off and the reversal Trade safe

Alpha_Mind

Dollar Index continues to strengthen. RSI support at 50 level area. The trend is still intact, making Higher Highs and Higher Lows. Several bullish flags along the way, the current consolidation found again support at RSI50 and MA50 (red). This is the wave 3 of a larger impulse, that implies we are going to see further higher levels this year

Alpha_Mind

I assume ETH will test the level below in a zigzag correction. Looks obvious, IMO This will be a nice opportunity to long after the massive impulsive advances of majority of the crypto-pairs. ETH has to accumulate more energy to deliver a strong bullish momentum still..

Alpha_Mind

So far the consolidation looks like a triangle, that is likely to resolve to the upside this week. If ti breaks down, then look for the EMA21 on the daily chart, it should act as a dynamic support to bring BTC to the new ATH. Compare the similar support on the left side of the chart. Trade safe

Alpha_Mind

It seems to be that this is the point of reversal on lower time frames. Weekly/ daily timeframe - a huge triangle - a breakout - a flag LTF - the impulsive decline looks completed, at least all internal waves look to be in place. What it means also: - is EURUSD set for a larger correction? - if CAD weakens, is this a signal for a stronger oil? What do you...

Alpha_Mind

Hype is growing. $100k will be the strong level, where a lot of buyers will jump out. And will jump in again above $100k. At that point I will be selling into the the terminal distribution in the wave 5/(5)

Alpha_Mind

A nice inverted HS. Target is $64 Just FYI: DMA200 is often a nice dynamic support to go long. Reinforced by the VWAP, anchored to the start of the impulse.

Alpha_Mind

A possible bearish triangle was recently invalidated. The structure is then most likely a series of 1-2 fractals that will unfold into an extended impulse.

Alpha_Mind

My last post for today. Another clean EW 1-2 fractal and the acceleration. Looks awesome. See you higher

Alpha_Mind

IMO this is one of the best future runners. The low was not broken, and I can mark a 3-waves corrective pattern, with a flat in the wave A and an ending diagonal in the wave C. Accelerates and this is very nice)

Alpha_Mind

Another nice bullish chart. A downtrend (a larger correction) is over, and price has printed a nice bullish flat. Every pullback on minor frames is a buy opportunity

Alpha_Mind

A great chart - with a break out and a nice 1-2 waves fractal of the likely larger impulsive advance.

Alpha_Mind

A nice cup and handle pattern. Breaking out. Would be nice to print a retest of the neckline

Alpha_Mind

50/50 - it may be already in the fifth wave, or will print a running flat. Flat is an option, as the wave 4 should be an EW flat or a triangle (or a complex flat correction, like a wxy). Will see.

Alpha_Mind

Repeats the same pattern. Price is flagging slightly above the broken corrective trend line. The best entries are usually the simplest. Don't invent the wheel - trend is your friend )

Alpha_Mind

Short idea. Daily moving average 5 (DMA5) crosses EMA21. Price has broken down through EMA21 and retested it. Next support is DMA50. If it breaks down, then the target is DMA200 So easy

Alpha_Mind

Here is the perfect example of the H&S pattern. Note it. The ideal entry is after the breakout of the Handle - at the close of the bullish breakout kicker. Could locate an earlier entry - based on the VWAP and WMA50! ANd simply keep it along with the trending MA bundle - 21/50/200 Hope this is helpful