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NZD/USD updateOk..... SO, look at the correction NU just made on the 1hr and compare that with the daily/weekly and train your eyes to see that. As of now, NU is coming off the 1.236 fib extension in a W-X-Y pattern, which makes sense (which could just be a bullish trend even though corrective looking). However, what doesn't make sense is the the length of the the last wave and the fact that I am use to seeing those do one more to break the high, or an "ending diagonal" if retracement/reversal is ready. I drew up a triple combo scenario which would line up with a higher period moving average cross, at which point we may even have a running flat signifying even more possible bullishness. My point is, it made a w-x-y correction, it was corrective. I don't see a sell setup yet. If it pulls down more it will probably do as my red trend lines say, thus producing a buy setup. Maybe is doesn't reach the 1.618 extension, however, it has to correct the opposite direction before I consider to take the sell down. I want to at least see it break the high it just made, or pull down and then make a bearish flag, then I will consider the sell. Can it sell down from here? Anything is possible, but I am telling you what I see as most likely... Double combo now...possibility of triple combo (even better for entry), until something changes.
Long
by thillygoosth
1
BTC ENTERING GREEN DAILY Granular Ichi Heffae Clouds BIG MOVE^^^BTC is entering the first green cloud of 2018. Many indications of a big move coming soon. A large number of crypto assets are also encountering the same twist on the daily. This is a pivotal time for the entire cryptomarketcap! Heffae Clouds, is a granular indicator that draws predictive clouds, or paths that the price may follow with realtime and predictive paths. It is similar to ichimoku, but the big difference between Heffae's clouds and Ichi is the path-fitting formula. Ichimoku is a very simple indicator that was developed in order to calculate with pen and paper back in 1969. Heffae clouds has over 250 lines of code and uses complex arithmetic that requires heavy computation. The vision of the Ichimoku is alive more than ever with Heffae clouds, Heffae Clouds is essentially "Ichimoku Modernized" with elegant formulas that fit paths based on the past behaviour of the asset, Instead of a high/low average over a period of time (ichi default 9 candles). Heffae's functions are complex yet elegant and simple in implementation, this indicator is not over-complicated or noisy. The daily is looking strong after a solid bounce from support on 5/18 and survival of the dark red color slice between 5/19 and 5/20 The next color on the cloud is a gray/green (very slight green hue to the gray color, grey/red has a slightly red hue) , which indicates a weakening of the cloud's path-fitting. Price is more likely to violate the Support/Resistance lines when the color goes grey. This could be up or down. The grey change also indicates the location of a cloud twist. the twist of the daily to a green cloud is the first green cloud since january 2018, and the price interacting with a daily green cloud is a first for 2018. This is a big deal, a pivotal point in the market. Support density has increased by the intercloud lines merging along the bottom of cloud. A twist when price is within the cloud: If price within the cloud, price can find SnR within cloud. Price usually needs to first emerge and then retest the broken cloud support to confirm. Look to other time frames for indications of a direction when price is within the cloud. There are bearish signs from the 8Hour looming cloud: However this does not mean price is going down. 8Hr shows an immediate resistance of 9000 and decreasing as time goes on. by the 23rd, cloud resistances are 8600 (fast) and 8760 (low). The 8Hr cloud also has a color change to grey,m meaning that it would be easier to break up through the cloud in this area. Happy trading!
BITFINEX:BTCUSD
by SNOW_CITY
NZD/USDNU did a wxy off the .618 fib like EU. I am in from very botoom and will let run. NU's larger wave structure looks like it needs to do one more up to break the high. The 1.618 fib extension also lined up with the 78% fib level, major high to low. So, if it was going to go up in that 3 wave pattern I am looking for, it would make sense to do so from here. It is a trend line breakout and I feel we can expect at least a pullback to test trend line area (see orange fib levels for targets). This is more long term analysis, so nothing says we can't get some more correction back down to break the low, but I will hold my buy and continue to look for buy setups in upcoming future. Refer to my Eur/Usd markup also. Both pairs created ending diagonals before the turn, but NU's would be stunted. Which means it is incomplete or it will go up harder. I tend to think it is ready to go up. To go for the longer term trade will not be easy if you don't have a good understanding of patterns and wave theory.
Long
by thillygoosth
Heffae's Clouds DAILY cloud departure. LONG SIGNALCurrent Daily candle has opened outside of the Daily cloud. Note the consolidation fitting perfectly within the Daily cloud range. The color change to light pink also indicates that the cloud's influence is less, and a departure from the cloud's Path-Fitting is more likely. I would rate this signal as a 70% certainty of upward move. There is a possibility of breakdown through the lightly colored area, and cloud support would be weaker in this area due to the color change. The wide separation of inter-cloud lines is interpreted as weaker cloud influence as well, so it less likely that Cloud support would be respected if the price drops through this area.
BITFINEX:BTCUSDLong
by SNOW_CITY
USD/CAD projected patternConsidering Ucad's patterns in the past and also its current structure in relation to fibs, if it was gonna break out to upside, I will look for it to do so in this manner, possibly creating a 7 swing or triple combo. As of right now there is no setup in my opinion. Seems to be measuring out for a 7 swing, but depending how it shakes out, that 1.3000 level would be one to watch possibly for another sell. It did come off the .618 and could continue to the downside, but I highly doubt this pattern will be that simple. Or it could reverse this week and continue down in a 3 wave to the .786. Regardless, there will be setups on it in the near future. I will do my best to try to keep you posted. Have to consider it to be in an uptrend for now until something changes.
by thillygoosth
GBP/CHF- Fun with charts....Ok...... So I spent some more time to go over gchf since it has extended. I would like to point out that it did a W-X-Y double combo pattern in the form of 7 swings. For this pattern you would expect equal length to 1.236 extension. Hit 1.236 today, along with the .764, which would also be conducive with a continuing pattern which would need to come down to most likely that .618(longer .618 line) Keep in mind GU hit the high also. It also lines up (roughly) with about equal time span of each pattern within the combo. These pitchforks are not necessarily drawn how anyone else would draw them, but take a minute to really look at the medians (red lines) and how price follows them...... Anyways strong level. I've looked sells lower down looking for a different pattern, or at least a sharp 3 wave this move, but all it did is keep extending, right to the fib extension. The issue is as of right now we have no reversal pattern or ending diagonal, plus Gchf could go into a large sideways consolidation (which would still probably produce a nice sell). We might even get a zone bounce (see horizontal green lines). The daily TDI WAY over extended. So is the weekly. Just please keep in mind this is not a 5 min chart... That is the daily..... We have nothing but a 4hr pin bar right now. There are different ways to go about attempting this trade and not put yourself at too much risk. If you want to learn about price action along with this stuff then subscribe and watch my you tube channel. I did a live trading session earlier, I go over a lot of charts... (it's free guys)...
Short
by thillygoosth
Eur/UsdThis my projected path for Hurricane Eurousd. However... If price action gives us something, I might just take it up for the buy. There is a trend line on the weekly that it did not even come close too, along with a wave pattern on this last wave on daily that is a little sketchy. Right now, as I see it, we are in an incomplete combo pattern, but don't worry, soon it will become more complete and offer better trading. But right now, I am not in this pair, but you better believe I will be soon. I explained my thoughts on my last you tube live stream as far as pattern. There is a cypher pattern at the 78% fib which may line up perfectly with top pitchfork line deoending on how price action shakes out, so may be a nice sell coming. However, I need more data, and the way it looks, I see some structure forming that will ultimately bring it to trend line before big retrace, such as an expanded flat. It could continue selling just as EG could, but I need better confirmation dang it! But in my opinion, where it is at, you can take buy setups or sell setups. Better pairs out there. Look at the pattern EU made before its last push to break high, then look at Ncad.....
by thillygoosth
Gbp/Jpy...How can I explain this... Ok, GJ is a 7 swinging mam-jama. It did one, it is at an Andrew's pitchfork as we speak. Might get a pull down, even a zone bounce. However, as Yoda would say, ending pattern on lower time frames it has done not. The reason I have been looking at GJ is because I see a need for it to break that 151 level or at least test it. It can continue up, but it did complete a huge 7 swing before it dropped on the weekly.... I could see a bounce here within the zone, I could see a pullback even (price action permitting) to break that 151 level even. But if it were to continue up, you see I underlined those levels. If it breaks the 1.236.... It's probably gonna break the high and hit that .618, but I doubt they will make it that easy, but the 78% is a KEY level lining up with equal length. I'm not gonna recommend entering anything tonight. But that is my chart, those are the levels you should be able to at least scalp, possibly get a large sell depending on price action if you watch those price levels, but I believe the move down it will make will be a pullback for one more up, but it could be very deep if it is correcting down on weekly... In summary, if you choose to trade this bastard pair, those are my levels, this is my markup. I said I was scaling in the sell lower down, but thankfully I don't use a US broker so I am still in it but also took the beautifully easy buy setup today an have profited off the sell.
by thillygoosth
Eur/Nzd EN has broken out of consolidation and is moving down strong. Considering a lot of things, this is my projected path for it to make. I posted that buy (which turned out to be barely a scalp if you held as long as I did). I have been anticipating one last possible romp upward. At this point, considering the overall pattern and the fib extensions I think it is ready to come down. Like I said, it is breaking out on the daily. It will have the major trend line to contend with but I would anticipate a flag consolidation or further downside. I will post a short video on EN and GU on my channel and show you what I mean.
Short
by thillygoosth
GBP/NZDThis is the scenario I see playing out on GN as of right now. That would be a 7 swing, which the structure it is in looks like. I circled equal length of the first leg of this correction. GN can go on a downtrend, and I am expecting the sell, but until something changes I would be looking to take any setups that may arise. It doesn't have to go up and break the high or hit equal length, but you see my fork and fib extension zone which is kinda making it look like it may break the high again ultimately before the larger drop. So, if you see it make that pattern as I have marked up and get a buy flag you might want to take that trade.
by thillygoosth
Eur/cadI was looking for Ecad to push up one little time for a small buy, didn't work out. It still may make more of a flag here but I think it is on the way down, at least on the weekly. Regardless, I spent some time on this one today. Looking at its pattern since '91. It's like anyway you look at it, it is w-x-y over and over... Meaning multiple ways to look at it in 7 swing form, or 3 swing. It is following this fork and different trend fib measurements. The weekly is way over bought and showing it is turning. Makes perfect sense for it to drop from this supply zone for the pattern. Classic 7 swing. If it does like I have drawn up, it will finish a 7 swing lining up exactly fib wise with the larger pattern and pitchfork. IF it did this it would take like a year, going to 140 price level roughly. But it seems about ready. EU, EA, EN looking downside. I am taking this trade and holding for a year. Remember, it can make a higher high on 4 hr/daily. It may break the low and pull back up,but it would only be to finish a correction, probably like a flag... Most likely. I will do a video on my channel (link) later tonight when I have time to give you the full picture.
Short
by thillygoosth
USD/JPY buyI am looking for any opportunity to buy UJ, I have some running stop in profit, I would like to add. It may not pull down, but if it spikes down, obviously the 50%(zone) or .618% would be levels to consider buying. I explained this one in great detail on more than 1 video. Even if it were to drive down and break the low, even if it went to 104.00 level, which I don't think it will, pattern says UP, UP, UP. This is a long term trade I am focusing on to hold a very long time. I am interested to see what news momentum does today. I have limit order right at that zone, may even consider a buy stop depending on what it does.
Long
by thillygoosth