step_ahead_ofthemarket

step_ahead_ofthemarket Updated 

1. 10 flat rate might be psychological resistance 2. 2 Possible bullish targets at the 1.272 and 1.62 * Wave 1. 2. Things are heating up in the States, we will see how long it will last. 3. Global growth rate slowdown (particularly the EU(Italy, Spain, France) Turkey, China, Canada, Australia) will catch up onto the States in the near term. There's a good chance...

step_ahead_ofthemarket Updated 

These are some of the variations that bitcoin may choose to follow. So far it has chosen the most bullish path. There are 2-3 additional targets for wave 3: 1. x3.62 *Wave 1: 7250-7450 2. x4.25 *Wave 1: 8000 (also a psychological resistance) 3. x4.62 *Wave 1: 8350-8450 Since the intermediate wave 5 is maximally extended to 2.62, this means that most likely the...

step_ahead_ofthemarket Updated 

1. Rsi Divergence 2. On wave 5 (3000,3200, 3450 possible extensions)- 2.62 very veeeery unlikely 3. Watch out on Macroeconomic factors + trade negotiations(china+ EU+ US factors) 4. Last presidential election 2016, market started going down for the period: July 2015-February 2016=> Expecting Market volatility increase starting the summer of 2019- Ending Spring...

step_ahead_ofthemarket Updated 

Part of an update on the previous chart that hit it's targets for wave 4.(just had to be posted) To some extent disappointing that wave 4 did not hit the higher variation(6800 0.382), but nevertheless it's time to start labeling wave 5 and it's variations. There's typically 2 variations: 1. 1.62x Wave 1(Target 5450+/-) 2. 2.62x Wave 1(Target 4800+/-) However I...

step_ahead_ofthemarket Updated 

Just briefly. Bitcoin currently resting on the 0.88% Fibonacci ret. support, forming a bullish fractal. Technically the end target here(E) would be around 5800, although more than enough times we've seen a breakout on D(Hence given the 65% probability). Furthermore, after completing wave 4(ABC), I wouldn't say that the market would be confident enough to start a...

step_ahead_ofthemarket Updated 

Short and simple(the graph might be harder to read as there are some elements overlapping, but I'll explain them here). By this point almost everyone knows what's going on. Just today EURO/USD hit one of the wave 5 landing zones(1.62x wave 1) around 1.1432 , and immediately bounced back. This is supported from the chart as the 100+200 week MA's, are around the...

step_ahead_ofthemarket Updated 

This was an easy one for me, congrats to everyone that went long this time on bitcoin, but what's next? Well, I'd honestly not enter in @ any position, only and only until I see: 1. A bullish breakout out of the rising wedge/fractal whatever you want to call it(market on the graph). In that case I would enter a careful position, and seek look for a target sell...

step_ahead_ofthemarket Updated 

Hate being repetitive, this is just a midnight, somewhat of a short update. Getting directly to the point: a) GOLD , fell out of an upward wedge and was falling down for the major part of today(stopped around the psychological support of 1240*whole number), until it reached the 1.62 ret support of the falling wedge. Short term prospects from this wedge would be...

step_ahead_ofthemarket Updated 

Now, obviously, gold as every other asset is affected by the all the kind of news that the media discloses. But looking in the 3-5 year span, it's impossible to predict what sort of news will be around, so we'll just assume for now, that it would be a zero-sum game(no gain or loss from news). However, I'll just mention the current strong trends happening with...

step_ahead_ofthemarket Updated 

How confusing ETH/the whole crypto market can be these days? Personally imo*, and by the way it looks for now, this is highly likely to be a falling wedge(I repeat HIGHLY likely!). This would be a good long shot at ETH, with a possible stop-loss, if and only if the bottom channel of the Falling wedge is decisively broken(Great risk/reward shot here). Why would...

step_ahead_ofthemarket Updated 

Starting of with the correction, from the top to the bottom. Well expected- EOS compared to most of the coins in the top 10-15, during the last bull run, by far had the highest gains, from bottom 3.9$ to the top of 23$. Currently it can easily be said that an ABC correctional wave down to about 7-8$/0.786 ret line has been completed. What can be said for the...

step_ahead_ofthemarket

Tiny update. Currently expecting a medium pullback on the BTCUSDLONGS as they are very very overbought, but under a very steep angle.(Positive-bullish effect on the price) When it comes to the BTCUSDSHORTS ,it's quite the opposite. The 4hr chart is very oversold, and a pull up anytime soon could happen. What can be seen as the biggest outtake from this analysis...

step_ahead_ofthemarket

Key factor for any breakout- Volume. Ever since breaking bellow 6000, we saw some volume spikes here and there, which can indicate that bitcoin may not stay bellow/around 6000 for long. The next 4 hours would be crucial for a breakout on D, if btc can hold above the daily opening 6070(green candle). We could see a breakout happening tomorrow. However, 5400 isn't...

step_ahead_ofthemarket Updated 

Just a short midnight update. There isn't much to be said. Fairly oversold, it just entered the 0.78 ret support zone and bounced back. 5 wave correction complete, stop loss 420 for now looking good. Forming a reversal pattern of a falling wedge, expecting some liquidity to enter the market this week or the next one. The same goes for bitcoin. //Disclaimer this...

step_ahead_ofthemarket Updated 

Step by step detailed t.a, on Etherium medium, to medium-long term. Etherium has done so far very well in 2018, major rally from approx. 198 to more than 1400. But ever since these heights were reached, etherium is seeing fairly lower and lower volume(as noted on the graph). Following from this, from Elliott waves, as expected, a correction in the form of the...

step_ahead_ofthemarket Updated 

As I mentioned in the previous ETH T.A that I did, prior to entering I'll do a daily t.a, and here it is. Just in short key points: -ETH tried to breakout on D, instead formed a bearish wick, and had a pretty touch rejection around 540-550. -Today ETH looks, pretty weak, and over the next few days I could see a possible entry around 380-410 depending on the...

step_ahead_ofthemarket

Extremely oversold, quite obvious. The current state of the crypto market, might not allow such a large breakout as in the previous 2 fractals, however this can be a good opportunity for a short to medium term trade. This is just a very short daily update(you can see the original idea in the refereed idea section down bellow). My first buy in's for NEO could...

step_ahead_ofthemarket

Another alternative view, but with similar outcomes. Seasonality is hitting hard bitcoin each year, seems as if all of us millennials need money for vacation(there's more to it of course). Anyways, this is just a short daily update. Opportunities for swing trading next week or two @: 5400-5500 & 4500-4800(entry), and eventually if the white downward channel gets...