TheTradeZen

TheTradeZen

Markets took out 58k in style and is still heading to new high, I had previously marked areas of interest and market is in the larger ABC correction where C will take markets below 1k in the longer run. Bitcoin’s weekly chart suggests it is a bubble in its final stages. Even outside technical analysis, Bitcoin checks all the boxes of a mania. The long-term outlook...

TheTradeZen

Market is hovering around the 38.2 FIB currently at 1682, which is also wave 4 of the larger correction from 1046. It is always difficult to pick tops and bottoms. I will only enter the market once it takes out 1715, once that is done the stops will be at 1682 and higher levels at 2100 and 2300 in wave 5 can be expected in the long run

TheTradeZen

Before i write something, i would like to add to the trollers, the last time around when i did mention market could end up with new life time high lot of people started to laugh and send me messages, so this time around i have them to laugh once more as markets will soon reverse and test the lows at 7000 The weekly chart reveals the entire price history of the...

TheTradeZen

a lot of traders have been wanting to short this market out of pure desperation at many levels, its best if we could use any dips to long this market market did turn from the 50% fib of the entire rally and also the wave 4 (refer to my previous detailed post) higher levels towards the 2100 and 2300 be expected as long as this level holds

TheTradeZen

Wave 5 us unfolding and its likely that market will top around the 23/25k mark and from there on it should start falling towards the 1000$ in the long term Wave 5 is typically a classic reaction of retailers chasing the markets, everyone must decide for themselves if the risk of chasing the last move is worth the risk Good luck

TheTradeZen

A lot of traders want to short this market, but will unfortunately be much of a disappointment, market rebounded at 1665 which is also the 50% Fib and the wave 4, as long as this level holds expect new highs into 2100 and 2300 Longs can be added on a dip towards 1810/1800

TheTradeZen

In my previous post i did mention about a classic bear flag and the expected target around the 1800 levels, markets did retreat and is holding a important level, market could still come to 1790-1810 levels in the wave 4 of the larger correction that (1300 - wave 1) wave 5 will take markets to 2300 As long as 1703$ hold this is the outlook

TheTradeZen

A classic bear flag pattern, enter short at the top of the channel or on the break of the channel, target price based on the flag pole is around the 1800 levels

TheTradeZen

I wont long this market, will look to short around the 1910/1935 areas, US election will be interesting and will bring lot of volatility, it will be every hard to tell which way the markets will head, EW suggests that the top has been made at 2070 and the larger C correction will drag markets to 1220 in the long term.

TheTradeZen

market has carved out low and is heading for much higher levels in the coming months, region around the 1.80/1.78 should give good entry levels for those who missed out, 1.95 is the projected target for this long

TheTradeZen

market is confided to the channel, will wait till clear signs , however i have marked key interesting levels

TheTradeZen

still within the channel

TheTradeZen

finally its got to the 1905 levels which i had marked earlier, nice bat formation also around these levels, lets see if this hold, incase we do take on 1905 market will look at 1925 where fresh shorts will emerge, keep your stops

TheTradeZen

We could have one more shot to the 17k handle

TheTradeZen

short against 187 for 126

TheTradeZen

Markets are under correction and i believe most of the scripts including the index have topped and made high for this year, short against the top for targets around 410

TheTradeZen

The long at 1849 did work well and reached the target around 1901, shorts around these levels give a good risk reward, in case 1905 takes out we will touch around 1945 -75 , targets around 1730 looks plausible

TheTradeZen

Short against 1100, targets around 840 looks plausible, below 1016 the fall will accelerate