DAX update 15.01.18
I wanted to give a quick DAX update today, because any correction target above 12890 equals new alltime-highs in the DAX. It is that simple sometimes.
The correction could actually be done already, but I am still expecting a second leg down for now.
But I would not be shocked also, if I saw lots of bullpower in the coming days, because I see a bullish pattern called "three rising lows" in the 1 hour chart... This could indicate a trend reversal.
I will make the next update when there is a trend reversal or the 78% retracement 12890 is breached.
If I see the expected trend reversal, I will buy a big long position in the DAX.
You can read my last DAX update here again if you want:
https://steemit.com/dax/@ew-and-patterns/dax-update-05-01-17
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I know many of you are waiting for BTC, SBD and STEEM updates, but right now is the calm before the storm. Nothing is happening yet, so there is no need for an update. I will post my next updates when the calm finally wears off and a decisive move is visible. In the meantime I am accumulating as much SBD as I can ;-)
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
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Have a nice day :-)
thanks for the update !!
I couldn't read the patterns, but they seem positive to me
Thank you @ew-and-patterns. For that informating
thanks for the update . . . . it helps alot
Ive been searching for sbd updates and saw you ..thank i really need to follow you for more updates on the markets..
As am seeing the chart a trend reversal will going to happen very soon if am to say.thanks for update on DAX,very helpful guide in trading DAX.
thanks! can you check out XVG/USD?
scaring me ;(
good! Because this means other people will be scared, too. Bearish sentiment is always good for an unexpected rise in value.
I checked it. If it is an abcde, then it will rise soon. If it is a zigzag (5-3-5), I expect 520 satoshi (7-5 cents).
Anyways I hodl lots of XVG too, and I am not scared. Willing to buy more if it drops.
thanks brotha!
lol I remember buying the "scared" sellers BTG when it hit $75 on hitbtc.... everyone was scared. I bought... 1-2 days later it went from $75 - $410...
You are very right about that. When people are scared, usually time to buy
thanks again!
That's precisely the reason why I got myself some tens of thousands more of XVG. Even if it drops, who cares. Project yourself in two months, or even one. Do you think the price will have stayed at such a low entry? ;)
hell no! good idea. We'll all be rich :)
What do you think about Oil? When will we have a correction?
I expect 76$ Brent Oil, before there could be a significant correction. Actually on the weekly chart it looks like 90$ could be possible too, but I don't really expect it as of yet. I only trade Brent. It is already quite overbought for no reason really. All the related news is BS. This is a short sqeeze based on elliot wave patterns.
So how long is this season of calm? And at how much do you think bitcoin will correct itself to? When will be the best time to invest. Very new at this !
I can't give investment advice or exact timings. But I always show my readers, what I am doing and thinking. Every coin I talk about is also part of my portfolio. I hodl 85 different coins...
I only buy a coin when in red. When I see a coin that I own 20-30% down in one day, this is an auto buy for me. Without even thinking about it...
great post. thanks for sharing
Good post preinds