farzinsabbagh

farzinsabbagh Updated 

it seems that SPX is topping out for short term and may be long term. i love to play a short right now as i putted the position on the chart. additionally we have bearish divergence in the 15m chart. i used the gap for my target it gives me a great Reward to risk ratio of 4.26 which is perfect for tarde.

farzinsabbagh Updated 

we have a CME futures gap at 7945$. based on history we should see a gap fill in other words we should experience this price to continue to upside. not to mention that we have another gap in daily time frame at 11000$ level. i will comment it later on this idea.

farzinsabbagh Updated 

as you can see on the chart we are below any possible moving average below 100 and also we are below 200-daily moving average. but i am very bullish on bitcoin because of my wave counts. i believe we completed wave 1 and probable wave 2 in big scope starting from the 3100 bottom. i believe we have completed the correction starting from 14k till the 7.7k and we...

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i can see a three wave up it is definitely an ABC correction or a new impulse wave. i counted apple right now as a corrective wave because it has reached its previous resistance. i will enter in a short position at 213 because in that case two things will prove to me: 1 the trend line of diagonal triangle is broken 2 wave 4 have entered wave 1 territory (the wave...

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everyone is talking about this fractal move on bitcoin. i want to give you measurements of how far we can go or it's already done. i putted a fib retracement tool to just measure the ratio between swing high to lowest point of the fractal triangle. i realised that bitcoin move down from 5800$ to 3150$ is 19% of it's move from ATH to the bottom of the 2018 triangle...

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As i mentioned before it wasn't a triangle, at least in elliott wave perspective wasn't. So with this move a lot of things confirmed, i admit i didn't trade this move but it is more obvious to me right now that we are in a WXY or WXYXZ correction. We have a beautiful flat for wave W and not so beautiful zig-zag for wave X and now a zig-zag as wave Y. In sub wave...

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monero broke out of downward trend line. jump on close of daily candle. set your stop loss fasten your seat belt

farzinsabbagh

these ranges are very easy to trade short at top long at bottom! and play the breakout of channel.

farzinsabbagh

monero is a great crypto currency and has great potential for trade right now. because we have a clear downward trend line and also a horizontal support that has a lot of significance. it acted as resistance back in april and it is also the 61.8% fib level from 38.620 bottom to 121.524 top i suggest to buy with one quarter of your capital and put a stop sell order...

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bitcoin dominance finally completed 5 wave up. Rsi broke its trend line and wave five of primary degree ended at 78.6% size wave 1 to the end of wave 3 and it is almost equal to wave 3 size. bitcoin dominance is a great indicator for altcoins. regardless of what bitcoin will do altcoins will go up, it may be coincides with a bullish move in btc or a bearish move,...

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according to my elliott wave analysis an impulse wave have started from beginning of 2016 in gold price. wave 1 and 2 completed and XAUUSD is in wave 3. i considered 15 aug 2018 low as wave 2 of wave 3. if this count is correct, Gold is in the wave 4 of wave 3. if gold goes below 1370 level both intermediate and primary degrees wave count will invalidated. so if...

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According to my elliott wave count we have completed 5 wave cycle and we have entered a correction phase since btc met 14k. Because of that as wave 2 WE CAN NOT FORM A TRIANGLE and it is not a triangle. Everyone calling it a triangle, may be it's not! So what now? Now we started a wave up and then a retrace to golden ratio and from there a brief appreciation to...

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for more information see my previous analysis on S&P 500 using this link: i think SPX is in a correction starting from red line a drew and it is like a triangle or a flat. but it is not a simple zigzag. as i said before SPX loves to make Flats! after all, SPX should see a wave down atleast. happy short.

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this tightening wedge shaped range will broke and it is probable to break to upside rather than downside.

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on 13 aug price entered the first wave territory by breaking the brown line that i drew on the chart and invalidated my count as i interpreted this as wave 5. so now i recount these movements as a combined correction where we have a flat as wave W and a zigzag as a X wave and may be finally a triangle as wave Y. so what now? now i think we are still in the...

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after completing the flat we started a wave up and then a wave down then up and finally down. I think this wave down is probably the forth wave of a impulse regardless of it's degree. So to determine the take profit and stop loss i suggest to use wave 1 territory, that would invalidate my count. For take profit i used fib extension of wave 1 to 3 and starting...

farzinsabbagh Updated 

i believe we have completed the correction as a flat. actually a perfect flat! i entered a long position right after we broke termination point of wave D of flat. now i'm rising my stop loss to 11500 level where we have some support line in smaller time frames.

farzinsabbagh Updated 

in 14th july bitcoin started to form a inverted head and shoulder-like move until 20 july, then it failed to form right shoulder and started a channel toward downside. then again it made pretty much exactly the same pattern but a smaller one as i drew in the chart. i've seen these fractal patterns repeat themselves at least 4 times especially in corrections, like...