The previous view where I though the drop is impulsive is now invalidated and now we have two options; either wave 4 just ended and will head to 4605 for a major top there or will head down from here to 4230/80 area then go up to new ATH. Both are valid! GOODLUCK!
Seasonality and series of 1/2s could hit hard with the FOMC today?? Invalidation: 32.61 GOODLUCK!
Complex Wave 4 should be done as long as last Day's low holds and so should head higher to new ATH. GOODLUCK!
We either in Wave 3 up or C but taking into account the drop in volume, it is suggesting a C wave top to form soon. Reversal Area: 5.221 / 5.583 Target: Below 1.5 GOODLUCK!
The count indicating another marginal ATH to form soon. The low of wave 4 needs to hold. GOODLUCK!
Same as BTC, ETH will go down deep to $20/$80 area IF the bearish view for Bitcoin works out! GOODLUCK!
We talked before about the global market and that a huge collapse will happen and we specified the SPX500 chart. The question here, Will Bitcoin follow??!! We can see an obvious correlation between the equity market and Bitcoin chart so IT IS LIKELY! EWT ASSUMPTIONS: 1- Primary Wave 5 Completed with the recent ATH 2- Drop to Previous Wave 4 less a degree...
Does Technical Analysis actually work?? According to the Efficient Market Hypothesis, the stock market moves randomly and hence, cannot be predicted. However, this chart challenges the assertion of the Efficient Market Hypothesis that no strategy can consistently outperform a simple buy-and-hold investment in broad stock averages over time, as well as, that...