Ambitious 2018 projectioni realize how big of a stretch this seems from this point in time, but on a logarithmic scale it does not seem that crazy. Also note that this is the type of risk/reward big time smart money investors are looking for - and the crypto markets are growing and evolving at a rapid pace. This money in the crypto space is here to stay because it is starting to reveal itself as a save haven asset class - as the fiat currency weakens and dies a slow and brutal death in the coming years, the crypto markets will experience massive inflows of fleeing capital and will serve as a shock absorber that preserves a shitload of wealth - In this scenario, the original 6 cryptos - btc/usd ltc/usd eth/usd ect... will do very well I will be holding the entire time, documenting it along the way.
Projection
Possible targets for USDJPY Dec' 2017After seeing increasing selling power on CHFJPY early November I researched the source and discovered that all major currencies were working something out, similar to one year before. Quite quickly it became clear that a similar series of event would take place in the next 4 to 8 weeks.
The currency pair USDJPY seems to be leading the series of events by moving first. Last year the US Dollar lost substantial value against the Japanese Yen and all correlating currencies were affected. Lots of opportunities to milk the market.
This year started with similar drops. Each drop is also pre-ambled by what seems to be an algo stop hunt. See my previous idea on this subject. Not all of the drops have stop hunts but I may have overlooked a few because they are not always as obvious and they often cause the price to rally just after having dipped just under a support level .
Then a unexpected trend reversal on November 27 UTC. The following drop of December 1 UTC was within 6 hours reset to projected level up from where it dropped, only to rise higher to 112.8 and then 113.6. I expected 112.8 to be the maximum value for the price to climb back to but it surprised me with 113.6.
With this new information I came up with 4 possible outcomes;
1) The price continues to rally to hits resistance at 114 with a chance of breaking through to continue to rally to heaven.
2) The price continues to follow its underlying trend and hits support at 106.
3) The price continues to follow its underlying trend and increasing selling power pulls the trend down towards support at 103.
4) A price crash is caused due to increasing selling power. Buyers abandon only for the price to then snowball down and break all support levels up to 98.
Bitcoin Elliot Wave with projection thingy (learning, new user)Hi, I'm learning about trading and this is my first time playing with tradingview and doing trading in general.
I have been mining cryptos and would like to learn more about trading, so this is an attempt to learn about Elliot waves 1,3,5, a, b, c.
With some projection lines from the Elliot wave points (playing around learning)
Nxt Continue to the Moon I think Nxt Long, Because fib Retracement Touch the Line Fib 3,82 nNothing can't Stop it
Tp 1: 3011
Stop Loss ;1666
Good Luck
If my analysis can help you to get some Profit
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Wallet :16vqH4NLPThvNYzG8KqCS56wUNRQeepMwa
Trading News ReleasesFor those who consider U.S. Major News Releases in trading, here are projections for the upcoming week's session:
** Projections ONLY **
GDP Growth Rate : From 2.6 to 2.0
Employment Rate : From 4.3 to 4.4
Inflation Rate : From 1.7 to 2.0
Interest Rate : From 1.25 to 1.25
Government Debt to GDP : From 106.10 to 106
Goods Trade Balance : From 43.6bn to 45.0bn / 46.6bn
Nonfarm Payrolls : From 209 to 165
Nonfarm Payrolls Private : From 205 to 192
ADP Employment Change : From 178 to 186
Personal Income : From 0.00 to 0.29
Consumer Confidence : From 97.6 to 95.0
Personal Spending : From 0.10 to 0.30
Personal Income : From 0.00 to 0.29
Building Permits : From 1230 to 1150
Housting Starts : From 1155 to 1190
New Home Sales : From 571 to 550
Pending Home Sales : From 0.50 to neg. 1.9
Existing Home Sales : From 5440 to 5500
Retail Sales MoM : From 0.60 to 0.30
NY Empire State Manufacturing Index : From 25.2 to 9
Ism New York Index : From 62.80 to 57.43
Dallas Fed Manufacturing Index : From 16.80 to 14.3
Chicago Fed National Activity Index : From neg. 0.01 to +0.09
Philadelphia Fed Mfg. Index : From 18.90 to 12
Richmond Fed Mfg. Index : From 14.00 to 6
Full list can be found via provided url link: tradingeconomics.com
* PERSONAL REFERENCE ONLY. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
BCH longterm projectionThis is my prediction for BCH longterm. Crypto currencies run in a fractal pattern (BTC to $180, then correction to $80, bull-run to $1000 in late 2013, correction until summer 2016, then to $7800 a few days ago - rinse and repeat). The same goes for BCH, but un steroids.
ZEC double Cup & Handle potentialIf cup A (Smaller cup) reaches it's handle low (Indicated by the <- arrow) there is your indicator for a buy.
While drawing this I couldn't help but notice the larger cap forming over the monthly, If ZEC follows the downward projection I drew ($210 US line) I'd buy there, and set a sell for below $350US.
I see a little bit of a long term potential IF that second cup & handle forms, however that's ambitious.
I offer more detailed FA & TA support in my discord channel discord.gg
BCH channel: Dip, then 670? BCH/BCC has been a nice trade for the past few days. Looking for the next entry.
BIG area of resistance getting approached by UJ Nice short setupWe are approaching a big area of resistance and a nice shorting opportunity could come into play if we get a candle confirmation! Trading doesn't have to be difficult just look left and see where price has previously respected... you can see my TP 1 which offers nearly a 2-1 and a TP two with a trailing stop could see you a 4-1 RR...
Possible moves for BTCUSD pair - A Wishful Thinking Breakdown for red colored downtrend line rejected several times, after the 5th wave with all time high. It's obvious we're in corrective phase. I think A-B waves are over and currently we are facing with lower C. Head and Shoulders pattern fits with the Ellioth waves. Also there is no any strong resistance after de 3400's to the 3k strong resistance. I think and hope BTC will retrace to the 50 days MA approximately to the 2400-2500 range.
PS. My first TA. if i'm wrong please correct. :)
Last Correction [(after $3,000 peak) (Possible Third Scenario)]Just looking back on history, I see an ABCDE wave with 3 lows. Sometimes history repeats itself. Wouldn't be the first time. Just another possibility of the corrective trend we are in right now. If this is the case then we are in for another low point (Which holds true to the general 1st scenario I posted), and it touches the 38.2% Fib retracement. I doubt we are going to $1,900 in the $5,000 peak though. Probably near the 50%, or so. Around $2,500-$2,700.
Just another idea I had. I try to figure out many possible scenarios. Essentially this is gambling in my opinion, but the odds are much better.