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EW Analysis: Bitcoin Can Be Approaching Important Resistance!

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June 18 2019

Hello Crypto lovers!
Today we will talk about Bitcoin BITSTAMP:BTCUSD!!

Bitcoin is in a strong uptrend since the beginning of 2019, but current intraday rise seems to be out of a triangle. What do you know about triangles?! Yes, triangles are corrective and continuation patterns, but they usually occur in wave "iv", so after a break out into a wave "v", we should be aware of a potential reversal since we know that in EW theory after every five waves, a three-wave pullback follows! So, do you see what's happening?!

The next important chart is definitely Bitcoin Futures . History is telling us that these GAPs which occur over the weekend, they usually get filled. If we take a look on BTC Futures chart, we can see two unfilled GAPs, so don't be surprised if we see a bigger decline soon, ideally back to projected support around 7200 - 6200 area!

Another evidence of a potential decline in the Crypto market can be Bitcoin Dominance chart! What we currently see is a corrective recovery in wave B within an expanded flat pattern, so seems like even BTC dominance might be approaching resistance soon.

That being said, not only BTC , many other ALTs are looking for a deeper correction, so if we respect those evidences and correlations with ALTs, then we should be really aware of a potential drop , ideally around 9500 - 10000 resistance area .

Be humble and trade smart.

BTCUSD, BTCUSD Futures, BTCUSD Dominance charts, 4h

 

NZDUSD Analysis; 50 Pips/50 Push-ups challenge

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June 03 2019

Hello traders!
A week back I promised to our members that I will make 50 push-ups if NZDUSD will see a 50 pip bounce. Guess what, pair moved straight up afterwards and for now it seems it may gain even more strength based on the Elliott Wave Structure.
Enjoy the video,

GH

Video Update: BTCUSD And BCHUSD

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May 16 2019

Two weeks back we shared our view on bitcoin cash and highlighted bullish pattern that was pointing higher back at the time.

Here is now video update.

GH

   
 
 

Bullish Impulse on USD Index Looking For A Top!

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May 15 2019
 
Hello traders!

Today we are going to share with you our analysis on the USD index, and its daily time frame.

USD Index is in a bullish impulse up from 2018 lows; now with final wave 5) in play. Wave 5) that is unfolding out of a triangle correction can be an EW ending diagonal, a powerful reversal pattern that can once fully developed push price into a sharp three-wave reversal. Accompanying current EW ending diagonal are two Fibonacci ratios 38.2 and 200.0, which can react as resistance for the index.
A later drop in impulsive fashion, and below the lower Elliott wave channel line connected from 2018 lows would be a signal for a top in place, and more weakness to follow.

Trade well!

USD index, Daily

 
 
 

10 Year US Notes in A Correction

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May 13 2019
 
Hello traders!

Today we are going to share with you our analysis on the 10 Year US Notes, and its daily time frame.

10 Year US notes have turned bullish in 2018 and made clear five waves up from that October low. We know that five wave structure represents a strong trend, so that’s the direction in which we want to track the market. However, nothing moves in straight lines, there are always pullbacks; like five steps forward three steps back. So this trend may resume once we will see an (A)-(B)-(C) retracement which will ideally happen from the area of a former wave four. Notice that this is still far away so for now, more weakness may occur before bulls go back in control.

Trade well!

10 Year US Notes, Daily

 
 
 

EURAUD May Turn Bearish from 1.6150-1.6250 Area

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May 07 2019
 
Hello traders!
We have decided to share with you our analysis on EURAUD as we think that there is a clear pattern that may send prices lower in weeks ahead.

Looking at the daily chart , we have seen a huge spike up to 1.6550 level at the beginning of 2019, which we think was the top of wave 5/C, especially due to the decline that followed later and which can be already as part of a bearish reversal since it unfolded impulsively.
Following that fall from the highs, we can see that EURAUD was more or less sideways as seen on the 4h chart, which looks like a correction based on price structure and personality. That said, we believe that EURAUD can be trading in a flat correction since we have seen a three-wave rally in wave A) and then a complex corrective decline into a new low for wave B). So, current recovery must be part of wave C), which should be made by five waves that can be either an impulse or maybe even a slow overlapped wave structure for an ending diagonal (wedge pattern).
If we are on the right path then EURAUD is still underway back above previous wave A) swing high towards ideal 50%-61,8% Fibonacci retracement and 1.6150-1.6250 resistance area where bulls may start slowing down. We would be willing to look for possible short opportunities once we will be able to recognize the end of wave C. For now, we think it’s too early.

Trade well!

EURAUD, Daily + 4H

 
 
 

Price Structure and Personality Suggests Higher Prices on BCHUSD

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May 02 2019
 
Guys, I hope you have a great day,

After a long time here is a new free video update on bitcoin cash .

If you enjoy my videos and analysis please PRESS LIKE and support my work, and I will make sure to share more free stuff in the future.


 

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