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ORBEX: CHFJPY - Open Triangle Top Trendline Penetrated!It looks like the corrective wave (2) of the bullish intermediate degree has ended at 106.74 with an open triangle pattern formed in minor wave C of the A,B,C correction. The recent breakout outside the triangle barriers looks impulsive (as seen in minute 5-wave upside move) and fresh highs could be expected. In the short-term, we could receive a brief pullback before continuing higher to take out minute wave (iii) near 109.40. Or, we could get there first and then receive a pullback. Minor wave 1 is expected to end near 110.23 and as part of the intermediate impulse to the upside, minor 5 has a long-term potential above 120.00. This opportunity would be invalidated below 108.00. A break above 109.10 and then 109.57 would be validating the longer-term outlook. Stavros Tousios Head of Investment Research Orbex
Long
by Orbex
AUDCAD could be close to rocketing up to touch 0.92400 againAUDCAD has signaled a long opportunity that could be very rewarding, a 1:2.27 risk-reward ratio, if we put enough patience and trust our analysis: 1. Since April 2019, price has been following a downtrend, with the aussie dollar showing quite a lot of weakness, due to worsening economic conditions, and heavily affected by the US-China conflict, as China is Australia's main trading partner. The CAD has been performing quite well, sustained by a Bank of Canada not so dovish tone last week. Since touching the trendline, coinciding with our monthly resistance, price pushed with strength to the downside until reaching the psychological level around 0.89000. Since then, price has been consolidating without a clear action, not giving us any clue about where it could go next. 2. With the start of september, price started to recover. Significant price action to the upside ocurred, breaking through the 4h resistance zones identified in the chart. 3. Finally, price came back to retest our trendline + 4h resistance, managing to break both zones with a generous bullish engulfing candle. Price has continued moving a little bit more to the upside,signalling that this could be the moment where bulls could start to finally take control, as the trendline hadn't been broken since it started forming in april 2019. This night we could see price retesting our 4h support around 0.90500, if you want to try to get a cheaper entry take this into account. Personally, I'm entering now as I believe this trade has lots of potential to start pushing with great power right now. Sl: around 0.89500, leaving a little bit of room after the 4h support Tp: 0.92400, the next monthly resistance. Good luck and enjoy trading!:)
Long
by albc
BTC - TRIPLE COMBO vs IMPULSE WAVES We are inside the unfolding flat correction, it's obvious...that's why it's taking so much time. It's definitely good for the market, good for a stability and further development, as the building pilliars..The more time it takes the bigger impulse to expect. I see there two variants now. The first one that we are sitting at the support line and the fib. 0,786 of the smaller impulse wave ii. But it seems that we did not get enough power from this potential bounce zone. Volume still sleeping as well. So, I will count with the alternative A as the main and the most likely scenario to me. Projection of the Alt. A is equal wave a (ii) and also at the same spot is 0,786 fib. retracement of the bigger cycle, this could be the wave Z as the result of the complex flat correction. Right there I would expect some penetrative bounce which can unfold in impulse wave and start the momentum. This last correction wave Z(c) may be that trigger to proceed to the upwards. You can see everything at the chart.
BITFINEX:BTCUSD
by tommyelltom
[Lessons from history]: BTC will push after consolidating!Bitcoin has been moving strongly in last weeks, but let's look out of the box for a minute. Seems many people have been focused on super short term graphs and gains while this great volatility was happening. However, even in short term trading, there are phases of growth, dips and consolidation before the next push. Look at the big picture can reveal some small important details and the other way around. Checking higher timeframes, pattern and trends helps you improve short term view. It's always nice to get a view from history. It doesn't happen in exactly the same way but usually, it does repeat itself in similar patterns. I propose to check up this graph closely and you might notice some similarities and differences from 2016 and now. We had a consolidation phase and then the push started: - price has grown nearly the same % - it has also fallen in similar % - Fibonacci level 50 holds in order for bulls to stay in place - volumes had 2 spikes - ... - ..and human psychology haven't changed much either. What do you expect next? Here is my view: Most probably we will be now consolidating and more or less oscillating around a certain price before the next big push up comes. Few % up or down is nothing in comparison to what and where we can expect Bitcoin to go if history repeats itself. That doesn't mean we wong go up or down in the short term, but it can be risky trying to catch the fish when it starts to swim fast again. Will you trade it and try to catch short term gains and/or will you mostly invest by buying the dips and getting a discount on the price? Don't forget that some traders make less than the ones that just hold the position (in the bull market). PS: It's not investment advice. It's just an idea! ;-)
KRAKEN:BTCUSDLong
by Samoto
GBP/JPY The bulls look to take control.The 12 day sell of of the british pound vs the japanese yen looks to be over! The clear divergence on the 4hr chart and the one day chart, has gained interest from the bulls. The chart has been consistently making lower lows while the RSI has been making higher lows. The divergence signals sellers exhaustion,and the 135.500 level is a significant demand Zone which has provided strong support over the years. In the trading week to come the Bulls will target the 136.000 area, after that they will look to charge towards the next area of resistance at the 136.500 level and then a push to the 137.00 level. Analysis By: Black Gold Capital Partner Ryan Andrews.
Long
by SCM2019
BITCOIN/BTC - EPIC BULLRUN AHEADI decided to do the analysis from my shorterm and longterm point of view. There is nothing special on this analysis, but still I would like to share my expectation with you. I expect some big moves within the bigger cycles. The crypto market starts to look very interesting for the mainstream which is good for us. I just want to remind you to not forget..there is still big big room for growth and the money flow into this market. It's still in the nappies, fresh with big potential and ready for the entries of new players. The momentum is in green bars on daily. On the daily RSI is a bearish divergence which has to be wiped off and we got a daily MACD crossover. Moreover, there is still more short positions opened than longs, which is good against the crowd. Let's make it epic!
BITFINEX:BTCUSDLong
by tommyelltom
2
One more leg to the upside? [Very short-term analysis]Look like NEO is forming ascending triangle on the 30 minutes chart and it's usually bullish in upwards trending markets. The volume is declining, that means probably a breakout is coming. The target calculated by taking the height of the triangle, at its thickest point, and adding that to the breakout point. So the target is 21$. This target meets with previous resistance from the past. If it's breaking to the downside I'm watching 16.50$-16.90$ area for weak support, it lines up almost with 0.618 Fibonacci level (16.50$).
BINANCE:NEOUSDLong
by CryptoCat93
NEO - LONG TERM POTENTIALI would like to share my waves count of the NEO. First of all, it is a pretty good coin for a long term with the bright future. You can see at the chart the possible trajectory of each wave. It's too many steps ahead, so you have to count with that.. The market behaviour it is not always ideal with many factors around, so there could be some deviations on the way up, but the main goal remains the same. Just timing and do not rush! And remember, to be greedy is your shovel to the grave. Have a wealthy day!
BITFINEX:NEOUSDLong
by tommyelltom