OmgImTrader

OmgImTrader Updated 

The price is expected to go down with the resistance provided by the yellow arc on my chart. Once the arc is broken, ETH is likely to resume its uptrend, or at least stop falling and go sideways.

OmgImTrader Updated 

Pretty weak, but still up Hang Seng index, which represents Hong Kong stocks, was going down suring the recent few months. But right now it appears to be reversing, or at least correcting, to the upside. What to expect this year? Let's recognize a bit of Hang Seng nature from the technical point of view. Look at the chart. 30% per rally Most of the rallies...

OmgImTrader Updated 

Short term downtrend is over Recently orange juice futures, that are traded on the Intercontinental Exchange (ICE), fell from $222 and made the bottom at $186 price level. This trend took 28 calendar or 19 trading days. There is a psychological rule of 21 day cycle, which reverses price trends very often. Now we can see that such cycle is over and the price has...

OmgImTrader Updated 

One more high in a month Lean hogs futures price rose more than 27% last month. It made the bottom in October at 40.75 and since then keeps growing. Now it became pretty clear that we have the 12345 Elliott Wave motive structure almost finished. Need to finish the wave 4 and then the last 5th wave in this structure will perform by making one more high. Look at...

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Crude oil (Brent) is breaking down the angle, also it has already broken important SMAs (not shown on this chart). The price is going to at least $55.

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As you can see there is a big long term reversal ahead on SP500. The recent rise looks very very weak, there are bunch of bearish divergences on the weekly chart. And now it's becoming obvious that the trend is finally gonna reverse in 2016. Some historic EW counts (not presented on this chart) say that this will not just be a temporary correction. This will be a...

OmgImTrader

According to time fibs and time cycles calculations, the *true* bottom of the bitcoin downtrend should occur on May 27, 2016 (in 1 year from now). This date is a 1.618 time fib off the recent first big cycle of growth. Also internal time fibs structure of the downtrend fits this date very well (local highs and lows occur on internal time fibs very often). It...

OmgImTrader

This big "wheel" on the chart shows us high possibility for bitcoin to drop to $135 first, then bounce to $266 and finally drop to $50-$90.

OmgImTrader

What if Bitcoin is over? What if this is the end? What if we all gonna die because of world wide flood?

OmgImTrader

Currently BTC price is flat like a pancake, but it's gonna fall to $230-240 in January. We'll see what happens.

OmgImTrader

The recent XRP rally more looks like just a 0.5 correction of the downtrend. But there are some signs of rally continuation. Anyway I'm expecting a drop to $0.015 first and then we'll see where it goes. Breaking down the $0.015 level would confirm the bear, breaking up the previous ATH level at $0.06 would confirm the bull.

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and broken 0.618 fib. No chance for bulls left

OmgImTrader

Mid-term target: $20-$25. This target should be reached either in late 2015 or in late 2016.

OmgImTrader

Possible $260 at the New Year night or on Jan 5-7.

OmgImTrader

Pump or sideways till Dec 22 then down

OmgImTrader

Disclaimer: it's just an idea. The target in my previous USDRUB chart hit, but the move was too fast. It seems it's not over. There is high possibility of dropping to $0.01/RUB in 2016, which means 100 (!) rubles per $1.

OmgImTrader

I can only see a breakdown here

OmgImTrader

We have a motive wave down which has the whole 5-wave internal structure. This count is valid while the price stays below $608. Short term target: 530-550 area.