steveivan

steveivan

As we can see, there are some sign of bearish trend on Nasdaq: - Daily candle showing strong bearish engulfing yesterday - The closing from last 2 days top out on its 88.6% fibo level - Rising wedge pattern as ABC correction been made and most probably has been completed WHAT'S NEXT? I believe bear will take control starting as soon as this week to several coming...

steveivan

My view on ETHUSD is bearish for the moment. The upside movement since last week did make a lower high and lower high, completed its triangle of ABCDE. Most of this pattern is the sign of continuation, which is to the downside. SELL around this level with the STOP just above the "c" is a safe bet, offers very good R:R. Good luck! CHEEERRSS!

steveivan

I just updated my chart and wave counting from the Bitcoin, nothing is change on the big picture, one more leg down is most possible scenario. The adjustment from my previous view is on the "X" wave that contain a-b-c correction showed longer and higher correction, but it's still valid as the "c" made 5 waves on it. So, i can see the "5th wave" of "c" of "X" is...

steveivan

BTCUSD is now retracing to it's 61.8% fibo from it's first drop. We wait for confirmation if the 61.8% will hold and the minor bear flag pattern will break. I am still aiming 50k to 52k for next target! CHEERS!

steveivan

I got an interesting view on BITCOIN while all bullish-ers and bullsh17-ers always talk about BUY BUY BUY.. I own Bitcoin and hold some of it, but i just sold a huge portion of my bitcoin and prepare to re-entry around 50k. I assumed the W-Y-Z correction is not over, and Bitcoin owe one more leg down to accomplish the "Z", which is at least as low as "Y", around...

steveivan

I prefer to split my entry long into 2 position, NOW and around the 78.6% fibo level. This set up is for mid to long term and it offers a very good R:R trade! CHEERS!

steveivan

Yes, you don't read it wrongly. After the shocking Fed's 0.5% cut rate yesterday, market reacted by pushing to the upside, but the force is not strong enough that could be assumed as the last push is being made, BEFORE THE DOWNFALL. Get ready for the huge correction on Dow Jones and "his friends" as S&P500, Nasdaq too. CHEERS!

steveivan

I put number on the chart as my reasons buying this CROUSD, i believe the correction is just over! And the GREEN ARROW will be the key level for buyer, watch out this green arrow, it should hold the price for now!!! Let's see point by point: 1. Correction is perfectly stop and reverse (see number 1) at the 78.6% fibo retracement 2. Correction is perfectly stop...

steveivan

As i mentioned on my previous post that Gold would move on it's consolidation and ranging area before decide the next direction, it is probably in line with the big fundamental event ahead which is the FOMC Rate Decision. In technical perspective i can see Gold is now potentially test again the support in order to complete its wave Y. I will keep buy on support...

steveivan

As i shared in my post before, i planned buying bitcoin for medium to longterm hold at 55k, 45k, and 35k. Today's price shows some indication that bitcoin is heading to 45k-50k. It could be a good level for re-entry or even a fresh buy around that level. LET'S GO BTC! CHEERS!

steveivan

The ABCD Cypher pattern formed in daily chart is still valid even after a big US Non farm payroll data released. It showed a good formation to start a strong bearish movement anytime soon on the upcoming week. I will sell EURUSD in every bounce in the next week! CHEERS!

steveivan

Silver's correction has touched to the 61.8% fibo level perfectly, if the daily close around this price or even higher, it's a great potential for a solid upward movement in some coming days. CHEERS!

steveivan

I could say that Gold is still on the undecision-mode, yet we can expect a pullback (for intra-day trade) from this level, which is a strong previous resistance that become support. It's good level to buy, take advantage of its consolidation move, before Gold decides to go further to the upside or else. CHEERS!

steveivan

The MACD showed bullish divergence in the daily chart, it's confirmed the wave 5 of C is over. I do believe the bottom has been formed as end of wave 5 of C, so now we are heading to the upside! Let's go! CHEERS!

steveivan

From this level, EURUSD shows a good potential to drop at least to 1.0950 level. SL is around 1.1210. LET'S GO! CHEERS!

steveivan

Hi.. Just want to update my view on Bitcoin today.. This morning Bitcoin made 2 important touch on it's consolidation area (the triangle).. First touch this morning was the false breakout to the upside, then right after that false break, price went down and touch the lower base of the triangle. The triangle itself going narrow and narrow, and it will determine...

steveivan

I just open short position in Nasdaq, the reason is 2: 1) Price is now at the very strong zone: supply zone & fibo level 2) The rally for past several days is not backed up by volume, so i don't believe it's a strong uptrend, but a correction/ consolidation. Let's go.. CHEERS!

steveivan Updated 

The last upward movement showed a sign of reversal, especially in the H4 chart. It offers a good RR for short position from this level. CHEERS!