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Love Terra Tech. and all they've got going!Downward pennant, bearish reversal pattern. Likely to bounce up in the coming month. This company is strategically placed to quickly take advantage of further legalization here in the U.S. and outside as well. Check out their other enriched food products besides cannabis as well! They've got a bunch of hydroponic food farms that are prepped for cannabis when legalized in those areas. Love this company, and going to be holding for a long time. www.terratechcorp.com
TLong
by MonetaryRebel
1
BITCOIN: BTCUSD Alernative ChoiceBitcoin Bitfinex Chart Update Alternative Choice of Updates from now on: Trying to find the best/clearest format and colors for the majority isn't easy. Putting the text all over the chart is annoying for most on Tv and is only done for the benefit of Twitter users where 140 character uploads are ridiculously restrictive for those with a deeper interest in Bitcoin and its patterns and behaviour traits. This upload is the same as the last one - but with a light background. And with no text scrawled all over it. Which one do you prefer? Am going to take a vote to decide whether to stay dark/neon or go to the light side for the background color on future chart uploads. Please could you click agree on one of the two charts (this one or the last Bitcoin upload with a black background) and that way we can determine an outcome by majority - by any that are interested enough to vote at least. Any feedback on this is welcome! So far this looks like a good Reverse/Inverse Head and Shoulders in classic formation with a perfect retest of the neck-line yesterday at 7600 (even more so because no one seems to have really mentioned it - the low today here is 7600 precisely). It carries with it a minimum implied upside target at 8163 on Bitfinex. But in the near term Bitcoin has made an 07:30gmt break higher from the 7644 line as it did yesterday too -before spending 24 hours moving sideways again. The new normal. Sheesh. Every break higher is getting faded now for hours and hours after the intial impulse. 30 minutes of action followed by 24 hours of continuation. Just like fishing on a slow day :( But this break today is still potentially significant. We now have a technical battle emerging between the power of the RHS on upside and the power of the upper dynamic of a loosely defined rising wedge-like formation on the downside, both in opposition to each-other, one a positive force and the other negative. So we can spend quite some time today in yet another continuation pattern with support at 7700 and extending to the lower parallel of the newly forming pattern from the intra-day high. Both these opposing patterns are powerful. Which pattern will prove stronger ? Well, so long as the dynamic which forms the lows of the right shoulder holds up on retests today the likelihood is that eventually the break will be higher and not lower. If so other than buying the dip to 7700 and below to 7768 and maybe to the 7644 line the only other option is to buy the break above the upper small falling dynamic from the intra- day high when and if it comes later on - need a volume spurt to follow it to know it's good - but the pattern is still overall positive at this point and the uppermost risng dynamic which capped the high today so far, is beginning to lose its power and on the 5th strike it should break too. That will open the way for a RHS to take control and begin to drive price towards the upside target at 8163. Returning to the downside Bitcoin has to break below the risng dynamic underpinning the lows of the right shoulder of the RHS to start flipping longs out back to 7644 and if this then fails to the neck-line itself again at 7600. This level must hold up throughout the day from here. Any failure by more than 15 points will flip Bitcoin back into bear hands, signalling ultimate failure of the RHS and trigger a short from this point with stops 50 points or so higher if struck later.
BITFINEX:BTCUSDLong
by sumastardon
18
HLIT - My new end of May play.I'll be updating this post with more indicators as to why I'm bullish on Harmonics from a technical standpoint (MACD, EMA, Fib Retracement, Volume, etc...) But on this first chart we see we not only have a very strong MACD but we also have huge upside on the Fib Retracement. When I look to pick my new plays I typically look for EMA 50 crossing above the EMA 9 and with an RSI below 60 (not overbought) I'll keep updating the various indicators and include the sell strategy I hope to implement in my free time this weekend. Have fun trading and look both ways before crossing the street *Delgado*
NASDAQ:HLITLong
by aledelga
STEEM/BTC (STEEM token) Cycles, Tigers & Bear$ Oh My!STEEM/BTC (STEEM token) 720 minute/12 hour semi log scale, candlestick wicks removed for wave clarity. 05/17/18, 9:00 PM EST, by Michael Mansfield. Hi trader friends! Looks like we have more sell offs with this token, if these cycles are correct. Steem is a token from the blockchain enabled social media site, SteemIt.com, which, is kind of like a cross between Facebook & Medium, add YouTube (via Dtube) and you have a winner. Check out our page there, but not right now. ELLIOTT WAVES & PATTERNS: The most likely pattern appears to be larger ABC or ABCDE contracting wedge pattern, that should be heading lower now, in line with the cycles shown at the top of the chart. I’ve used the shorter ABC Elliott Wave corrective pattern for now. However, if STEEM breaks any of the black horizontal breakout lines up or down, or the GANN 1:1 diagonal resistance line up, or the upper or lower blue wedge diagonal trend-lines, then a new trend trust in the direction of the breakout/breakdown is very likely underway. If a breakout looks imminent, I'll try to do a new post for that potential event or update this post with a new forecast. THE DOWN KEY: The dashed horizontal blue line just below yesterday’s low must be breached for this down wave pattern to continue as forecasted, else, it could be full "Steem" ahead. CYCLES: Blue cycle = general trend momentum thus far. Green cycle aligned with the 3 major prior lows. Red cycle tends to catch intermediate highs. There is definitely longer and smaller cycles than shown, but the data history is too limited to determine the larger cycles at this time. Currently, these three cycles are heading down. Thus, the path of less resistance and the highest probability is lower prices until mid August (10-13th ), when the green cycle is due to bottom, or late September (26th exact date), around the time the longer-term blue cycle is due to trough. SHORT ACTION: Look for short opportunities now, or wait for buy opportunities around the expected cycle low dates in August or September, mention above. TRADER TIPS: Cycles are about potential energy shifts, not always the direction of a perfect sine-wave. Sometimes cycles invert, called a cycle inversion or flip flop, whereby an originally expected cycle top turns out to be a cycle low. This occurs more with short-term cycles, than longer-term ones. Sometimes cycles are amazingly accurate, but don't use them alone. They yet are another confirmation and planning tool to tilt the odds in a trader’s favor. Case in point: Years ago when I was a commodity broker, (can’t tell you when, but before I became a CTA), gold and silver had an almost perfect 7 week cycle, low to low. They both went up 4 weeks, then down 3 weeks. This went on for around 9 months. I was able to exit virtually all of my many clients out of the metals market at a 2-3 day double/triple top on the days surrounding the 4 week high. This particular "time & price area" occured after 5 Waves up in Elliott Wave terms, it was also around the time for a seasonal top for gold, and gold hit a Gann or Andrews line and held. After selling out everyone that would listen to me, which was 90%+ of my clients, guess what happened. Gold and silver then crashed 30%! How long did the crash take? You guessed it, three weeks! The 3 week cycle low came right on time! After that, the cycles changed and were less consistent, so I moved on to other markets. THREE MORE CYCLE TIPS: Gold has a very consistent cycle of 8 to 8.6 years, top to top. Commodities tend to have more consistent cycle highs than lows. Many digital assets (cryptos) trade more like commodities and currencies, than stocks, but have been far more volatility. Still, tops often seem more consistent than lows for many tokens, but not with all tokens. DISCLOSURE:  This analysis is meant for educational purposes only. You trade at your own risk!  Cheers! Michael Mansfield CIO 
SShort
by UnknownUnicorn1613901
Alternate count to EUR Bull!Hi All, I posted last week that EUR is showing bullish signs base the on the count I shared (Please see link below) but as a prudent trader, an alternate view is always a must to get a holistic view of the market; and prepare yourself for all possible scenerios in case the market turns against you. Here's is bear count: Wave 1: Impulse down since the US election at the termination of the wave (E) of a triangle Wave 2: Complex Expanded flat with an ending diagonal wave C that retraced to a key fib level @ 0.50% Wave 3: We are currently in wave 3 with sub 1 and sub 2 wave complete Forecast Wave: Over the next week or so, we should see a sharp decline with wave 3 of 3 in progress if this count is correct. In addition, DXY and Swissy are both showing USD bull in the wave count and these two pairs move in sync with the EURUSD which indicates that EURUSD will head south. I am still on the fence as to which way the market will turn but I anticipate the market will tell us this week as to who will win. Bears vs Bulls! Happy Trading!
Short
by donaldsaw