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BTC Stops At Resistance As US Stocks Drop - Elliott Wave Analysis

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Aug 19 2021

Hello traders!

Stocks are coming down, and if they will start accelerating then I think this can have a very bearish impact on cryptocurrency as well.

"It's hard to hold an investment on very speculative and volatile coins if you are already panicking with much more "stable" investments."

So at this stage and with this structure it's very hard for me to look for buying opportunities. I rather wait on lower prices and buy later if drop shows up.

Unless you are a long-term investor and you do not care about current intraday noise.
 

BTC Stops At Resistance As US Stocks Drop-Elliott Wave by ew-forecast on TradingView.com



Elliott Wave Analysis: US Dollar Nearing March Highs Resistance

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Aug 18 2021

Hello traders!

Today we will talk about DXY- US dollar Index , which we see it finishing five-wave cycle and approaching strong March highs resistance zone .

Well, USD IS still strong, but it's now moving into some late stages of a higher degree structure. We are also in the mid of the week when flows can change, especially when you have the FED minutes. Keep in mind that there were some bad US data lately which means that again FED may wait with tapering for longer than we think. However, inflation is still a real concern which is visible also through latest move on GOLD that is again on the rise despite big short orders last week, so looks like speculators are using metal as a hedge against and this moves can extend further to the upside.

From an Elliott Wave perspective we see USD trading higher ahead of FED minutes but DXY can be running into late stages of a higher degree structures; move that is still expected to pass 93.20 and 93. 40 to complete the pattern with five waves up, so resistance may not be far away, maybe already around 94 area.
 

Elliott Wave Analysis: US Dollar Nearing March Highs Resistance by ew-forecast on TradingView.com



Surfing the Waves August 17 2021 - Video Update

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August 17 2021

Hey traders!

Below is new video analysis for EURUSD, AUDUSD, GOLD, SP500 AND USDMXN, sponsored by Orbex.com
 



SP500 Broke 2018 Highs In Gold Price; Time For A Pullback?!

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Aug 13 2021

Hello traders and investors!

Today we want to update our SP500 against GOLD , SPX / GOLD ratio chart, which we see it now breaking 2018 highs, clearly within an extended wave 5 of III, which means that we should be now aware of a pullback that can cause limited gains on SP500 , while GOLD may become supportive.

Notice that GOLD is currently trading at strong 2019 trendline support, which was resistance from March 2020 COVID crysis, so in case of bounce and recovery from that projected support, bulls would be still in control.

We also want to mention that SP500 can be finishing potential ending diagonal ( wedge ) pattern, while GOLD can be forming a big bullish triangle, now at the lower side of a range. However, more about this in our next article as the price action unfold.
 

SP500 Broke 2018 Highs In Gold Price; Time For A Pullback?! by ew-forecast on TradingView.com



Surfing the Waves August 03 2021 - Video Update

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August 03 2021

Hey traders!

Below is new video analysis for GBPUSD, AUDUSD, CRUDE OIL, CADJPY AND SILVER, sponsored by Orbex.com
 



Surfing the Waves July 27 2021 - Video Update

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July 27 2021

Hey traders!

Below is new video analysis for EURUSD, GBPUSD, CRUDE OIL, CADJPY AND USDMXN, sponsored by Orbex.com
 



Elliott Wave Analysis: GBPJPY Is Still Corrective Within Uptrend

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July 22 2021

Hello traders!

We want to update and share GBPJPY chart, as we saw deeper and complex correction within wave (4).

As you can see, GBPJPY dropped in slow price action and overlapped wave structure, which usually indicate for a correction, ideally a complex one W-X-Y , especially if it's nicely connected within corrective channel range.

So, now that GBPJPY retraced back to the former "iv" and base channel resistance line, it may easily act as strong support for a higher degree wave (4) and 148.55 level, from where we can expect a reversal and bullish continuation for wave (5) back to 29018 highs, especially if breaks back above resistance line of a corrective channel.
 

Elliott Wave Analysis: GBPJPY Is Still Corrective Within Uptrend by ew-forecast on TradingView.com



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