Casey7485

Casey7485 Updated 

write later

Casey7485 Updated 

0618 could be a ideal retrace target

Casey7485 Updated 

There is a potential that the 5-wave clcye is over. So next we could expect a-b-c 3-waves correction or wave - v dump. short the pullback!

Casey7485 Updated 

DXY forms a gartley pattern in so-called harmonic trading; and form a ABC correction in EW trading system. upword still in possibility to retrace 0.5 atleast be careful with euresd gbpusd

Casey7485 Updated 

As shown in picture, XAU may in wave 3rd now. Downtrend still in progress.

Casey7485

Short-term trend analysis. Recently eurusd formed a uptrend wave 1th, so that 1.09272 may be the bottom. However the retrace may not over yet. According to DXY, eurusd could dump to complete a wave C. While go up here to form a wave 5th is also possible. (wave i cannot overlap with wave iv)

Casey7485

Bitcoin is caught in a dilemma: it can up to nearly ATH but also could dump to 2000$. Since now the position is in the air, it's neither low position nor high position. So nothing could do with the cryptocurrency market.

Casey7485

Is the correction over? one problem is that, it cannot be more than one zigzag wave in a combination. while in this case, the number is more than one, even three of them are all zigzags. So if it's a exhausted 5th wave?

Casey7485 Updated 

I m not sure that if it is possible, just a probability.

Casey7485 Updated 

as described in the chart 7800

Casey7485 Updated 

according to the leading diagonal. bitcoin can not rise above 6820(the begining of wave 1). The risistance region would decide whether it' s bearich or bullish.

Casey7485 Updated 

I think that - from 9950 to 7000 that was a set of 9 wave(with 5th extention). - now it's the corresponding retracement of that 9 wave. - they are 1,2 wave of big C wave to 5000. - stochrsi is overbought. - 1D chart rsi(hlc3) is already 45, which is big resistance in such bear market. conclusion: price may drop from 7800 hopefully.

Casey7485 Updated 

Could I draw waves like this? retest 7830 and than go to previous low 7300.

Casey7485 Updated 

Could bitcoin 4.74% form a double bottom pattern then end up the correction? Let see the performance when it test the neckline around $9500 on bitstamp later on.

Casey7485 Updated 

we are waiting to see which direction are going to be selected, up or down?

Casey7485 Updated 

bitcoin 5.14% may form a faked H&S and then breakout the neckline $9500 bitstamp .

Casey7485 Updated 

if most unfortunately, bitcoin would drop to 7650 soon

Casey7485 Updated 

target 8800