New York time: 00:00:00
Local time: 00:00:00
Newsletter RSS 


EW Analysis: Bitcoin Can Be Bullish

Top



Feb 04 2020

Hello traders.
Today we will talk about Bitcoin from the Elliott Wave perspective.

After that strong and impulsive rise in the first half of 2019, BTCUSD has slowed down in the second part of 2019, but clearly with slow and complex W-X-Y corrective structure that can be also finished with an ending diagonal ( wedge pattern) in wave Y, which is actually a powerful pattern and it usually indicates a sharp and impulsive reversal.
Not only this, we actually got a five-wave bullish reversal, which in Elliott Wave theory signalizes a potential bottom at 6400 level, at least a temporary one. But, after every five waves, a three-wave a-b-c pullback follows, ideally into a higher degree wave B/2. So, before a continuation higher within wave C/3, we should be aware of a slow down into a correction, where ideal support would be between 8200 - 7700 levels.

All that being said, we believe that Crypto market is turning bullish, mostly because of strong and impulsive five-wave rally from the previous lows. Even some ALTcoins made a clear five-wave rise, so those Cryptos can easily see more upside, just be aware of a deeper three-wave a-b-c corrective decline soon before the uptrend resumes.

Be humble and trade smart!
If you like what we do, then visit us at www.ew-forecast.com, and apply for a 7-day trial.


BTCUSD, 4h



Trade well,

The EW-Forecast team.



SP500 Index Is Turning Into A Deeper Correction

Top



Jan 28 2020

Good day traders,

S&P500 started dropping from the 3340 level, where sub-wave 5) of a higher degree wave 3 had found a top. This drop can now represent part of a three-wave corrective move into a wave 4, which can look for support/bullish turn near the 3181/3070 region. That being said, a breach below the lower Elliott wave channel line will confirm a wave 4 correction to be underway.

If you want to be on track with our analysis and outlook in the future, make sure to consider a 7-Day trial at ew-forecast.com.

S&P500, 4h



Trade well,

The EW-Forecast team.



Is Bitcoin Breaking Higher?

Top



Jan 22 2020

Good evening traders,

Bitcoin topped in December of 2017, then bottomed again in December of 2018 and this was a bigger higher degree corrective decline in 2018, mainly because of a triangle in the middle. Then, in the beginning of 2019 we have seen strong push to the upside, clearly with five waves, which is actually a signal for the bullish trend. Later, in the second half of 2019 Bitcoin fell once again, but as you can see in very slow and overlapped manner, so corrective wave structure that lasted for 6 months, and again it bottom, you wont believe it, again in !!December!!! of 2019. And now, at the beginning of 2020, we can see quite impulsive and significant recovery, which was expected based on many evidences like a bullish divergence in the RSI and MACD indicators or a corrective decline into the strong support area of the previous triangle pivot from 2018, plus a base channel line from 2019. All that being said, we assume that Crypto market, specifically Bitcoin can be turning bullish again, especially if we see a decisive break above resistance line of a corrective channel. But in any trend there are pullbacks and a lot of tricky price actions in the middle. So if you want to be on track with our analysis and outlook in the future, make sure to consider a 7-Day trial at ew-forecast.com.

Trade well,

The EW-Forecast team.

BTCUSD Daily



Are Gold And Aussie Headed Lower?

Top



Jan 20 2020

Good morning traders,

In the last few days we have seen a very nice reversal lower on both audusd and gold, so we are wondering if correlation is back in place. At the same time, we have seen USD index recovering with more upside potential which could actually cause more damage to GOLD and AUDUSD prices. We see both of the markets moving into some interesting resistance levels, so I would not be surprise to see a reversal lower in upcoming days.

For more details, watch the video below.


Can Lower Crude Oil Limit The Upside On SP500?

Top



Jan 15 2020

Hello traders.

Are you watching crude oil drop, while SPO500 keeps moving higher? But did you know that in 2019 when crude oil fell in April and then during the summer, that the S/P500 turned lower 2 weeks later. Well, we have now very similar situation, which I think should not be ignored. Lets be prepared on a set-back on stocks before next leg up.

Watch the video below for more details.

Trade well,

Grega


GOLD Expected To Face More Weakness

Top



Jan 10 2020

Good morning traders,

After a completed five-wave move higher from November of 2019 lows, we can see that metal found a possible top at the 1611 high, from where a sharp, impulsive drop started unfolding. This drop can be part of a minimum three-wave reversal, which can take price towards the minimum objective target at 1520/1500 region.

Gold, 4h


Also if you have missed our latest video on the upcoming year, you can check it below.

Trade well,

The EW-forecast team.




To see more charts and analysis or videos check our services HERE.


USDJPY Aiming Higher In Risk On

Top



Jan 09 2020

Good morning traders,

Stocks are recovering very sharply with SP500 Futures already trading at ATH, while JPY is turning back to the downside very aggressively. We see also DAX breaking out of a triangle so this risk-on appears to be for real. But how long will it last? Well, I see both indexes in fifth wave so we definitely should be aware of a possible new limited upside in upcoming sessions, maybe next week. But till then, there is room for USDJPY to hit new highs around 110 as bounce from recent swing low looks impulsive, while Nikkei index is also pointing up into a fifth wave.

USDJPY 1h + Nikkei daily



To see more charts and analysis or videos check our services HERE.



<< [1-7][8-14][15-21][22-28][29-35][36-42][43-49][50-56][57-63][64-70][71-77][78-84][85-91][92-98][99-105][106-112][113-119][120-126][127-133][134-140][141-147][148-154][155-161][162-168][169-175][176-182][183-189][190-196][197-203][204-210][211-217][218-224][225-231][232-238][239-245][246-252][253-259][260-266][267-273][274-280][281-287][288-294][295-301][302-308][309-315][316-322][323-329][330-336][337-343][344-350][351-357][358-364][365-371][372-378][379-385][386-392][393-399][400-406][407-413][414-420][421-427][428-434][435-441][442-448][449-455][456-462][463-469][470-476][477-483][484-490][491-497][498-504][505-511][512-518][519-525][526-532][533-539][540-546][547-553][554-560][561-567][568-574][575-581][582-588][589-595][596-602][603-609][610-616][617-618] >>