SPX500 approaching resistance, potential reversal!SPX500 is approaching its resistance at 2802 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizotnal swing high resistance) where a potential reversal might occur, causing price to fall to its support at 2675 (horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
500
Nasdaq IXIC - Finding the 9 year cycleMarkets are more predictable than we have been led to believe. Here we are going to examine the 9 year cycles found in the Nasdaq composite.
This is a follow-up idea from my previous idea which was Lesson one in Market Cycles in the DOW JONES INDUSTRIAL AVERAGE. Please follow that link for a more detailed explanation on this.
In the Nasdaq we can see an (approx) 9 year half cycle which is very consistent. It actually is closer to approx 9 year 3 months. But you should know that the time between each line is EXACTLY the same. In the method I use, I use the fib time zone tool to create lines which all have the EXACT amount of time between each line.
As I said in my previous idea, there are multiple cycles on different time frames and different frequencies all occurring simultaneously. If we only focus on one particular cycle, we will not have enough information to know how to trade. But when we calculate the net effect of several cycles, we will have a much better idea and information for FUTURE predictions. Please read my previous idea for more info on that.
In addition to the 17 year Secular bull and Secular bear markets, we can see this 9 year (approx) cycle which also is present in DJIA.
The green line represents the LOW Point or trough of the cycle and the RED line represents the PEAK of the cycle. The GREEN ZONE starts at the GREEN LINE and goes to the RED LINE. The RED ZONE starts and the RED LINE and goes to the GREEN LINE. Remember that a GREEN ZONE will have stronger GROWTH - GREEN = GROWTH and RED = REST. But the 9 year cycle and 17 cycles are not the only cycles occurring. There are others. So the individual cycle will not explain all of the movements int he chart.
Can you see how near the end of the GREEN ZONE (before the red line) the growth gets stronger? And near the end of the RED ZONE, it gets weaker. Imagine this a cycle of fluctuating energy -- the green is a positive energy and the red is a negative energy. The energy is highest as we reach the end of the GREEN ZONE, and energy is lowest when we reach the end of the RED ZONE.
We will also explore other cycles and other charts soon. I will soon make a chart where I will show both the 17 year cycle and 9 year cycle on the SAME CHART. There you will see how when both cycles are GREEN the growth gets much stronger. Please STAY TUNED for more IDEAS.
I also will be analyzing BITCOIN using the same method. You may save my profile so you can see more ideas as I post them.
Please feel free to give your comments and click like if you like the idea.
GBPJPY 2618 CRAZY 500+ PIPSGBPJPY 2618 price have tried to break above 156 double topped then broke structure to the downside 61.8% fib retracement. 146-148 very strong support but if Cable depreciates and geopolitical tension push investors to the safe heaven assets we may see huge profits and huge moves in that pair. GOOD LUCK
Augur Rep - Future of Prediction Market 500+I know it's not easy to believe that Rep will hit approx $500 in Future ? Right. What if you can even bet that on Augur prediction platform ? it's for real. There's only 11 million Augur Rep in supply for a reason, to boost the prediction market. I've already tested out there platform and they have super strong team of developers to make it possible.
We've already entered into bear market which is basically an opportunity to open new positions. Yes, this is the market where investors open long position on some good projects because it's easy to get it for cheap from panic seller. Apart from that, crypto has more investor than traders who has time to trade 10 times a day with that stress !!
Be a bull when there's bear !! woaw
Brian Armstrong, CEO of Coinbase, one of the largest digital currency exchanges, described Augur as an “awesome project with huge potential” last year.
EUR/USD - A TRADE NOT TO BE MISSED - +500 PIPSI've already included the reasons as to why I think it will be coming down but I will still write them here as well:
Reasons to Short:
1) Double Top
2) RSI Overbought
3) RSI Bearish Divergence
4) Tweezer Tops
The reason why I think is coming down is that in the bigger picture we're looking at a flat correction where legs A, B (98%) have been formed so we'll be looking to catch leg C. Although a rare occurrence, Running Flats, where leg C is cut short from it's full completion, they still do form so protect what you have and make sure you trail your stop all throughout the downside.
Now I say on the chart that the 1.2100 level will be broken first before turning for the reason that if you scale down to the 4H chart the pair is forming a Flat correction from the latest impulse, therefore it will most likely make a last push to break that level and then turn. This also happens to be a classic bank manipulation technique, in order to induce buying pressure and trap retail investors into buying when in reality they will be driving the price back down.
My personal details :
Short @ E: 1.2100, SL: 1.2200, TP: 1.1600, RR: 5
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
LTC Christmas Update...from prior published chart.Pattern HOLDS!As an update to my prior published Chart of LTC Christmas!!! The current pattern/trend appears to be holding STRONG! I would go LONG and recommend buying while you still can...opportunity is closing FAST! At this current UP-Trend; if it continues to HOLD; we may miss opportunities to buy again at these current $300.00 price range for LTC?
We could easily see a $1,000.00 LTC in 6 Months...sometime in June 2018?! HODL ers will benefit GREATLY!!!
Good Luck and MERRY CHRISTMAS!!!
BCHUSD Speccy Buy hereBCHUSD
This short back to 1178-1123 range was going OK until that horrible spike around 19.30 GMT which stopped us out for
rather sad 110 to 160 point profit when there was so much more downside left here. Still, we went long again at
1178-1123 range with a low at 1125 so no stops were hit in the final flush we were looking for. Sadly, have been so
caught up in Bitcoin that this call has been left unattended. Bad. That high at 1545 and the pin bar it left at the top was
surely the best invitiation even a newbie could get to close out. Please say: Yes! 400 points profit in 5 hours flat if you
agreed. Now BCH is coming back to test 1349 support, roughly 50% of the rally. It's back to being a speccy buy again here
(1350-1336, with stops under 1330) for small loss if wrong. Hopefully you can afford it now...
Monero prediction: $500 by DecemberA key to understanding my bullish stance on Monero is the activity going on in the community paired with the fact that Monero has not been easy to get involved with as other currencies, poor user experience required slightly more technical setups than other currencies. Monero Hardware wallets will exist soon with groups like Ledger labs announcing they are working on Monero integrations. These will greatly improve the user experience of holding Monero long term and many sitting on the fence will find it easier to get involved. Purism, on the heels of its successful smartphone crowdfunding campaign which has raised more than $1.5 million, is looking to address the privacy threat by incorporating Monero by default into its mobile phone design.
“We must proactively plan for and address digital rights issues in the here and now, because by the time we face them in the future the damage will be irreversible,” said Todd Weaver, Founder & CEO of Purism. “Collaboration with Monero allows us to offer users a much lower barrier to entry for leveraging the benefits of a cryptocurrency, and our aim is to make it incredibly simple to use your Librem 5 smartphone to make secure, cash-like payments that safeguard your private information.”
“Collaborating with Purism addresses a major pain point for Monero. The Librem 5 makes it easy for the average user to use Monero for real world transactions on a mobile platform. In addition, the Librem 5, by using Free Libre Open Source Software provides the user with the opportunity to verify to a very high level its end point security, privacy and decentralization. This is in sharp contrast to many mobile platforms where the user has to trust a proprietary implementation. I am very excited to see the Librem 5 planning to have Monero support by default,” Francisco Cabañas, Core Team Member, The Monero Project.
“Creating a future where a person can buy or sell digital goods or services and still respect their privacy, similarly to cash but on the Internet, is a long-time dream that we plan to make a reality,”
S&P500 - Thorough Analysis - Daily ChartLet's continue with the Daily Chart.
I know, I know. Waaay too many lines. Don't worry, you'll get it.
So, we are looking at the year 2016 up until now. You can see that since Trump's victory in last November price can't be stopped.
Technicalwise, it can be clearly seen that the ups and downs were formed like in the book. Now, the two red lines show that the waves are shrinking which gives us the impression of price losing its steam. The white box shows that price will break up (can't say for sure - because nothing is sure) to the 2500.
Obviously, I will not repeat the worst case scenario that I stated in the Monthly Chart analysis but price can start falling to the Fib. Levels first on Daily, then, on Monthly.
Last idea will be H1 chart. Coming soon.
S&P500 - Thorough Analysis - Monthly ChartHey Everyone!
Today, I will be analysing S&P500 coming from Monthly chart, down to 1H chart.
As you can see SP500 has been on a good track of going higher and higher since the 2008 crash.
What we can see is after the 2009 dip it has achieved ATH's day after day.
Right now, we are aiming at 2500 - in my opinion this is a highly likely scenario. Now, I don't really like predicting crashes and things like that cause I rather trade than yell. But, if Trump's administration continues the way they are - implementation problems, misconduct, failure to follow through - then, as a first support level will be around the 2100. Obviously, if things start escalating bad we go to 1550 which has been the strongest resistance back in the past.
Let's see the Daily chart in the next idea.
AUDUSD ShortAUDUSD broke descending triangle on daily time frame, in H1 it is forming a wedge break below will confirm the leg down towards .73000 area which in confluence with 78% fib and daily triangle's target. It may retest the H1 wedge's resistance before moving lower or break it and fall. Non pay farm payroll ahead......HEDGE YOUR RISK PROPERLY..
SP-500 TRUMP vs CLINTONThere is no difference Trump or Clinton.
They are just dolls and the puppeteer is not visible.
"Owners of money" manage market (FED owners)
It is also the main sponsors of presidential elections
And last the Federal Reserve System has only two targets - to keep holding dollar as a the world's reserve currency and to make it stronger