vlenz

vlenz

December 2017 pullbacks took BTCUSD down to the fib 0,5 level (10.400 USD) of the 2017 long term growth path, which started March 27th at 890 USD and ended at the December ATH (19.900 USD). Despite some quite impressive intermediate reversals, the critical fib 0,61 level of that long term growth path at 12.600 USD was not defended in sustainable manner. Instead,...

vlenz

I am expecting a pullback to 4.50 (fib 0.61 level of the growth trend cycle established mid 2017) ; here's a nice entry position to ride the next upswing beyond 5.60 -

vlenz

with current conditions on crypto & stock markets unchanged, we may come to see a little pullback of Gold to around 1250, as we're approaching the upper boundary of XAUUSD's long term trend corridor at around 1.340. However, what we observed recently was not actually a "rally", just a minor move within the long term trend channel. All in all, I am maintaining my...

vlenz Updated 

Impressive as they were, rebounds from the bulls stronghold at 10.900 failed to immediately retake fib levels beyond fib 0.78 of the bullish wavefront at 15.800, which would have justified to consider the recent contraction a mere downward spike, quickly bought up to approach new targets above 19.500. Taking into account that yesterday's contraction took us fairly...

vlenz

Nutanix, one of my favourite stocks in 2017, is still on a solid growth path. After a period of drift, conditions are now again set for steeper jumps.

vlenz

I would like to present another model of comparing 2 fib ranges, giving us perhaps a better basis for predicting future price movements than the one I provided yesterday. One of the two fib ranges, with labels displayed right, covers the long-term wave, having its bottom line at around 850 end of March 2017. The second fib-range, with labels displayed left, covers...

vlenz Updated 

Around the beginning of the millenium, the pair XAUUSD adopted a long-term trend channel, which is depicted in this graph. In 04-2006, after having tested the upper barrier of that trend channel for the first time, prices assumed a short-lived horizontal drift almost in the channel's center at around 533$, before taking their first steps on the long march to the...

vlenz

As expected, free falling BTC bounced back at the 0.38 fib support zone, forming a double bottom in the 3m charts. This indicates that further pullbacks below 10.900 are not likely. Tough guys may start taking new longs now. Less tough guys like me will wait a few more hours to let the dust settle.

vlenz

Opportunistic trading in altcoins eventually resulted in BTC breaking its important 0.61 fib support zone around 14.150, followed by a free fall down to the next support level at 0.5 fib around 12.500 tonight. At the time of this writing, 0.61 fib is tested again, as an even sharper decline of altcoins may have helped sort out some opportunistic altcoin trading &...

vlenz

We come across a lot of readings these days, suggesting that this or that piece of hash code, forged by funny folks on their PCs or even on servers in their employer's data centers, become the next gold standard in terms of a lasting "store of value". Well, the blue arrow in this fairly simple trend channel chart tells you my opinion about that kind of story. Not...

vlenz

I continue to consider BTCs behaviour at the fib 0.61 resistance zone around 14.000 - 14.200 as highly relevant for further assessment of the dynamics ahead, as a slump below that level may indicate we're falling back to an earlier trend line with less aggressive growth rates. However, the overall picture remains bullish, even though we may not see another a-t-h...

vlenz

I think bears are not kicked out yet, so entering new longs today would be over-optimistic in my opinion. Still believe we'll come to see something like a correction wave C taking us down to the 0,61 fib level around 14.300. There will be my next "conviction buy".

vlenz

After diving through the lower support zone of the trend channel at around 17.000 tonight, BTCUSD is now oscillating along a 0,78 fib retracement support zone at 16.400. Short term traders may want to stay out of long engagements now & wait for the dust to settle.

vlenz Updated 

wow, this is a obviously a more serious pullback than I had expected. Let's see who's going to pick up the dip.

vlenz

who's gonna take a short stake now?

vlenz Updated 

Here's another good entry position today. Have been keeping my faith in this company for many months now,

vlenz

Today, OROCF behaved as supposed in my yesterday's fib trace forecast & shot up to 5,20 this afternoon (GMT+1). According to my trading plan, I took profits at 5,17 and will reenter once the expected pullback to fib 0,78%-level (around 4,50) will have completed this wave. There's even some fundamental evidence for a pullback to come on this pure play lithium...

vlenz

Feels like there's headroom left here for short term profit. Next resistance level according to this fib trace would be around 5$ or even somewhat higher at 5,20. I will take a short term exit there an wait for a pullback to the 0,78 fib line to reenter.