EuroMotif

EuroMotif Mod

This is my third installment about Pivot Points. This Chapter is a simple discussion of estimating UPCOMING Pivots. The math is based on the ''Traditional'' Pivot calculation method. This process would apply to other Pivot styles as well. I have not found any existing Script/Indicator that looks to Next Period. So I am learning Pine Script to program my own...

EuroMotif Mod Updated 

EUR/USD finished a well defined 12345 impulse. Looks to be topping in Wyckoff Distribution style. Should result in a markdown, perhaps to 1.18 by end of May

EuroMotif Mod

Admittedly a Technical guesstimate only, not really considering fundamentals. NZD looks to be on a well defined impulse wave up. All of the fibs are lining up as they should. Perhaps a bit TOO clean (suspicious) but lets see how it plays out.

EuroMotif Mod

Technical Analysis: All Elliot Waves are following Fibonacci rations perfectly! Has been in downtrend for quote a while now, no signs of reversal yet. Fundamental Analysis: Even if Fed hiking rates, the USD is not garnering capital. (perhaps the rate hikes were not only priced in but overpriced into market?) Trump does not necessarily want a strong USD. My big...

EuroMotif Mod

BTC at a critical point in terms of level of bullishness. Just hit the Monthly Central Pivot. New week and new Weekly Pivots coming. Trying to evaluate if wave iii has ended and wave V yet to come, or if wave V has ended and we start a more serious ABC correction. Should know soon enough....

EuroMotif Mod Updated 

This is a follow up to my previous Idea. Please see that one first if you have not yet done so: Chapter 2: ''Mid'' Pivots or Mid Points. Math: Simply 1/2 of the two Main Pivots nearby. Order: M-1 is halfway between Support2 and Support1. M-2 is halfway between Support1 and Central Pivot and thus M-3 and M-4 are above Central Pivot, counting UP. Not...

EuroMotif Mod

This is an update to my previous idea below. Some of my previous EW counts are invalid now. And I overlooked an important clue by Dr. Fibonacci. My previous plan: My new count still points in same direction and similar magnitude. Targets a little lower now, given new signs of bear, and lack of bounce at 618.

EuroMotif Mod Updated 

Please see notes on Chart. The downward pressure seems to be fading a bit. Short term EW count looks like minor wave 3 down is starting. If drops with some speed, it will confirm w3-like behavior. Target is near double with Feb. 6th around $5,800. I am not expecting a ''turn'', but a significant bounce. If it does it 5,800 again, then after a bounce it will...

EuroMotif Mod Updated 

Technical Wise: BTC may have found a temporary bottom. Impulse wave up following Fibs perfectly. If this impulse break 8k, the bull sentiment will be very strong. Fundamentals Wise: I believe the end March sell off was funds sell at a loss for a Q1 ''write-off''. This selling was evident in the Stock markets as well. Now in Q2, I think some of that money is...

EuroMotif Mod Updated 

How I use the free Pivot Points indicator. There is a lot of be said about "Pivots" and a lot of people mean different things with that word. What I am showing is the ''Old-School'' definition of that term. Pivots are as simple as this: (H+L+C)/3 of the previous period = Center Pivot (P) in current period. The the 'Support' (Sx) and 'Resistance' (Rx) pivots...

EuroMotif Mod Updated 

This is an update to my last plan: Today's news to effect Market Sentiment: 1) US Congress Hearing on Crypto/ICO's on March 14th was neither bullish nor bearish. Mostly industry insiders educating the politicians. 2) Google bans all Crypto Ads, joining FaceBook. That's to all the scam ICO's, websites are getting weary of any advertising at all. 3) Equity...

EuroMotif Mod Updated 

I am NOT and Elliot Wave expert. Just wanted to put this out as my first ''Educational'' Idea. Will update with further thoughts after posting.

EuroMotif Mod Updated 

Please excuse the messy EW tags (they were drawn on 15m, and I did not have the patience to change the ''Visibility'' of the minor ones). Thus far, BTC has been showing near perfect Fib and EW moves. If it bounces from the marked zone, then we might be starting a massive wave 3 up, perhaps to push the ATH, or at least 17k. Lets see how it plays out.

EuroMotif Mod Updated 

I see a couple of price ranges that should be good entries for long term HODL's.

EuroMotif Mod

Considering the Elliot Waves seen thus far, and the volume of selling: If we don't bounce now, or when hitting the green box zone, might mean trouble.

EuroMotif Mod

I put together this study of my observations, both to share and as well to further ingrain the clues/results into my own brain. But in summary, this looks to be a ''Significant'' retrace

EuroMotif Mod

BTC has been steadily flipping previous Resistance into new Support (a great sign of uptrend). The next one near 12K will be TOUGH to breach and flip to green. So am expecting a retrace to previous support below the current one. If the lower support holds, that might offer bulls enough confidence to push the next one up.

EuroMotif Mod

Just some possible scenarios I am watching for. Bull in general, but expecting a ''significant'' correction at this point. And that would be healthy as we have had a lot of green with very little retracing.