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AUDUSD Trading plan for today. SWA approach.Swing Wave Approach Developed by author, This approach can be used by professionals and due to it’s simplicity it can be taught in a much shorter period than other Wave analysis offered on the market. The main idea behind it is catching a one swing. And the main use of the current approach is to trade, rather then analysing the long term price movement. The purpose of the approach is to make money out of the next swing of a tradable period. Impulse move, or the move towards the presumed main trend direction, is indicated with “i” followed by the wave number Each higher step/grade is marked with Capital “i” which stands for Impulse + apostrophe after the impulse wave number e.g.: I1’ - 1st impulse wave 2 steps higher, I1’' - 3 steps, I1’’’ - 4 steps I1’ I2’ I3’ 2 steps higher I1 I2 I3 1 step higher i1 i2 i3 trading period ‘i1 ‘i2 ‘i3 1 step lower ‘’i1 ‘’i2 ‘’i3 2 steps lower Corrective move is marked with letters, where a - 1st corrective wave, b - 2nd, etc… Each higher step/grade is marked with Capital letter + apostrophe after the ; e.g.: ‘ - 2 steps higher, ‘’-3 steps, ‘’’ - 4 steps A’ B’ C’ 2 steps higher A B C 1 step higher a b c trading period ‘a ‘b ’c 1 step lower ‘’a ‘’b ‘’c 2 steps lower Each lower step/grade marked with apostrophe before the lowercase letter; e.g.: ‘a - 1 step lower, ‘’a - 2 steps lower, ‘’’a - 3 steps lower
Short
by Marenno
The bull is charging. Be prepared.Many feel the market has been heavily suppressed over the past few months, and whilst I would agree, I think it is time for the bull to regain power. If only for a short while. We have many bullish divergences building on the higher time frames now. MACD divergences on the 3-day and 1-day, along with clear RSI divergences too. This would give us a lovely pop in the market, thus allowing indicators to charge up for more down. I have not looked at any accumulation indicators to date, but I feel that the larger entities have began accumulating if not already mostly in position from here. Yesterday was another day of heavy dumping from our friend at stamp and most impressively at Huobi, we saw quite large sells in the space of 15 minutes. 4,000 coins swapping hands mostly in selling. The market took it like a champ if you ask me. It gobbled up all those coins, nom nom nom. We still have quite a high hashrate, however I feel miners are definitely feeling a strain. Our transaction volume is growing and merchant adoption has blasted off much like the price did in 2013. I don't mind a bubble in merchant adoption before the next true bull rally. We all get more time to accumulate before the next wave of adoption smacks bitcoin up to the next interstellar price floor.
BLong
by tootyfrooty
1