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Decline

Bitcoin Next Move Outlook for the second half of FebruaryOn February 7 we started to break indecision which lasted from the end of January. Now its finally confirmed that Bitcoin price will rise, at least for some time from now. RSI is still low around 60 on higher timeframes above H4. Uptrend is confirmed by quick breaking resistance levels which are subsequently confirmed from the upper side and price climbs by this steps up and up. Last week we also see rallye on different altcoinf such as ETH, MAID, XMR, and many others. However it soon turn out that all this false hope will end in tears. ETH will never make higher high and my prediction is that by the end of February it will decline back to price where it was and in the future ETH price will inevitably comes to almost zero.... CNY is depreciating and thus bitcoin price will go up. However there exists some tiny possibility that price rose only to decline even more - now on H4 and H2 and H1 we can see divergence between price and RSI however taking into account all other fundamentals and TA this very probably prove to be wrong what on the other hand only even more confirm the uptrend and make uptrend even stronger and thus the final price which we are heading to will be even higher. My current prediction is that we are heading to $450 level or above. Perhaps we can just see new price canal which is established between $360 and $460 with occasional price flashes more up or down depending on price pumps which occur on different exchanges. Very probably we reach $460 or CNY 3000 soon. I think now we are making another CNY 500 up from previous decline CNY 500 (which made a triangle which high was CNY 500). I am very bullish on Bitcoin long term and my short term predictions turned bullish as well. Unfortunately I sold most of my Bitcoins and now I must buy them back again so I am byuing on decline and selling on tops. happy trading Let me know what do you think in comments below :) How much profitable trades did you make?
BITSTAMP:BTCUSDLong
by SunnyMorning
Stock Market Under Distribution for the Past YearThe stock market has topped. Volume has been highest on down bars for the past 12 months. Up volume during this time has been much lower. This is happening at the 2.618 Fibonacci extension level after a protracted starting in 2012. This is making a round top. It has taken a long time. My belief is we will see large declines in 2016. I won't try to forecast how far or long the market will go down but I do believe the decline will be significant.
CME_MINI:ES1!Short
by GarryBartsch
My trading plan how to be rolling in cash in no timeHow to be rolling in cash in no time and become a filthy rich highroler with shitload of money? My plan is simple. Very f****n simple. We all expect Bitcoin to cool down because todays price is simply too high. Unbearable. Todays price counts expectatons 20 years ahead. Real price should be approx $100. These days /till December 31st / we are in overall declining trend. However it is reasonable to expect a retracement to previous low /$435/. Nevetheless we can be sure of future buck wild price moves. Thus Bitcoin must go down once it reaches resistance around $435 and decline at least to $380 or even lower to $300.
BITSTAMP:BTCUSDShort
by SunnyMorning
EURUSD SHORT ?Ok so i've seen this kind of pattern before when i lost alot of money but anyway by looking at this chart i think EUR will make a new low if it breaks that support which is likely becuase most of the people will enter for long positions here just because they think that last time EUR bounced from this point but this time it won't if the statement made by someone is true which is ( 90% traders lose money ) <--- Whatever it is i don't care but i am likely to stay on short side of eur instead of buying it.
Short
by ohitsZoya
2
2 impulses that can make a lot of differenceIn this chart i have contrasted 2 ways to count the recent gold's decline. In blue there is the wave count expressed by the EWI, that went open public in a video released the last week. In black is my view of the wave count (I hold from at least since year or so that this decline have a very significant 3)rd wave extension) Both wave counts have the their's weak points and how seriously each analysis consider it's weak points makes the difference. Of course, I'm not claiming be the best doing this, do not get me wrong, my only intention with this post is to explain why and how using the very same technique 2 analyst can have in a major agreement (both of us think of this as impulsive decline), minor differences that could lead for moments to different perspectives. Why did I choose the black count? mostly because an impulse that you can see at the beginning of the decline. That remarked impulsive after my 2) label, is one of the weak points for the EWI wave count. They integrated this impulse in a very long X wave to explain it as part of a ZIGZAG. The only problem i have to see EWI's ZIGZAG is that it's c)) wave ends with no great difference from the end of it's a)) wave, think some how uncommon, besides the fact that in a combination the connecting waves (the x's) do not tend to be longer than the corrective patterns (like w, y and z). My weak point is the 5 of 3) that was kind of tight it's end vs the 3 wave. with some broker's charts even appear as truncated. And the weak point for both and that could lead to a very needed alternative count if continues is the last remarked impulse (with light gray) that shows a kind of impulse. Is not totally clear as an impulse but could be. And there is where both counts could get more different.
FX:XAUUSD
by 7pasos
2