Sunday Notes (14 March 2022)

ETH and BTC about to hit previously stated targets down (updated targets for ETH 1,865.80 to 1,843 and BTC 30,886 to 26,403)

Both finished second legs (up) much lower and earlier then projected, indicating weakness.

Still, a fall below 2,160.60 in ETH and 32,937 in BTC to confirm this.

Break above 3,288.5 in ETH and 43,222 in BTC to confirm previous targets for the finishing of the second leg of the correction down (wave b on the BTC chart image from few posts back).

Strong bounce of the mentioned targets to end this correction down would be a good indication of the most probable continuation of the uptrend in this crypto currencies and a definite break above 4,864.90 in ETH and 68,958 in BTC would be considered a confirmation for the continuation of the uptrend which would be a min 1.6 x the length of the first wave projected from the bottom of the second wave (the end of the correction, possibly in the mentioned targets). For ETH that would be a min. of 9,715 but more probably to 14,566 to 19,418 and for BTC a min. of 137,816 but more probably 206,674 to 275,532.

BUT! Mind that we still need first a solid finish of the correction and confirmation with the breaks of the previous all time tops. 

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2022

Sunday Notes

Crude Oil

Crude is in correction down to first 84.65 and then 71.80 before it continues up above 147.

ETH

As I wrote previously ETH is in a bigger correction down to most probably 1,863<>1,633 and the moment is to finish second leg in the zone of 3,434/3,513/3,832.

BTC

The move is to finish second leg of the correction in the zone of 47,387/50,913/55,397 to continue down to the zone of 29,221<>26,393.

In my focus

Cardano and Solana are in my focus.

if ADA stays above 0.68 and breaks above 1.35<>1.37 it could be a good indication for possible break above all time high at 3.101

SOL is something to consider seriously but it should stay above 56.115 to justify and only a break above first 220 and than 260 to confirm.

  

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2022

Major Indexes

Major Indexes are in a final 5th of a 5th to finish Supercycle degree 1st waves. 

That means we can be facing huge correction down of min 40% to possible 60%.

Dow Jones, S&P 500, NASDAQ 100, DAX, CAC40 all seems to be in a final stage of their Supercycle degree wave I (which is all trading from the first day ever till the possible top they will make soon).

Only UKX seems to have a different scenario in play, where it possibly finished Supercycle wave I in 2018 and also possibly finished Supercycle wave II correction and is in uptrend in Supercycle wave III, but more probable is that it is still into wave B of the Supercycle wave II which means it still has one wave down (wave C) to finish the correction before continues up with Supercycle wave III. Still stands better than other Indexes.

NIKKEI 225 is also a different story, it is in uptrend since 2009 is about to finish that uptrend at arround 34,600 and enter into correction, but it is of a much smaller degree wave that above mentioned indexes. It will most probably end its correction at 24,000 and continue up.

(Note: corrections are always between 38,2%, 50% and 61,8% of the length of the wave, regardless of the degree of the wave. I wrote 40-60 indicatively, Wave degrees are related to time it takes to finish the wave).

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2021

BTC

BTC seems to be in a larger correction down to 29,221<>26,393.

BTC seems to have finished Cycle wave I and is in a Cycle wave II correction down.

(Note: Cycle wave is a wave that takes one year to several years, or even several decades to finish). 

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2021

GOLD

In my previous post on Saturday, October 10, 2020 I wrote:

Gold to min 1700 before continuing up to targets above 3000.

Any immediate break above previous high @ 2,089 will target min 2,373<>2,421 which could be end of wave 5, meaning we could than expect much bigger correction, ie 1,500<>980.

However, I am not convinced this ongoing correction is over and we have a continuation up. So, on the down side, break bellow 1,673 could mean down to 1,595 to 1,359 to then target 2,373<>2,421.

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2021

ETHUSD Sunday Notes

ETHUSD to continue its correction down to min 3,009 with most probable target zone to finish this correction down is 1,863<>1,633.

On the upper side, any break above previous high @ 4,864.90 will open targets to min. 5,720 to 6,810.

It seems that ETH same as BTC has also finished Cycle wave I @ 4864.90 high and it's in a larger correction Cycle wave II. If true most probable target of the Cycle wave II is 1,863<>1,633.

On possible continuation up in Cycle wave III after the correction (Cycle wave II), min target zone will be from  9,700 to 14,570.

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2021

GOLD

Gold to min 1700 before continuing up to targets above 3000.

DISCLAIMER Trading involves high degree of risk. Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. © Copyright Dejan Iliev 2020

GOLD

Gold up to 1993.7 longer term target is 3748

DISCLAIMER Trading involves high degree of risk. Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. © Copyright Dejan Iliev 2020

EURUSD

EURUSD up to min 1.28515 to probably higher - 1.34511<>1.42207

DISCLAIMER Trading involves high degree of risk. Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. © Copyright Dejan Iliev 2020

Sunday Notes 3 Jan 2020

ALK
MSE (Macedonian Stock Exchange) for some time now is getting some movement and broke important resistance levels giving room for bullish thinking.
Short forecast for ALK
ALK up into 13209<>14550 target zone to correct down to max 9926<>8497 (bellow that possible reconsideration) up at 19625<>24295<>37796.
Any break bellow 6700 will negate bullish views and open alternative view.

BTCUSD
did not played that previous post bullish view, and more than just not getting confirmation for uptrend scenario, BTC at the moment giving more signals to the down side than to the upside.
Probability of testing the 5470 level rose significantly. Fall below 6477 to confirm 5470 target.
At the moment development and the structure of the movement from previous 6477 low does not indicate possible development for a reversal up but suggests continuation of the correction down. Any movement up should be contained bellow 7842.
Just break above 13764 will confirm uptrend, break below 3224 will definitely negate the UPtrend scenario and confirm we have final leg of the larger correction down from the all time top at 19891 still in place and a serious weakness of the BTC.


EURUSD
played well from previous post, it finished the correction right after the posting and developed fairly good structure to confirm possible reversal up as I forecast, but still far from definite confirmation. Should stay above 1.09812 not to negate possible reversal up. Any break below (even 1 pip) will negate reversal and will indicate continuation of the correction down to previously mentioned levels 1.0865<>1.0814<>1.076. Cautiously bullish at the moment. We need to closely monitor development for more definite indications.


DISCLAIMER Trading involves high degree of risk. Past results are not indicative of future returns. idejan assume no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. © Copyright Dejan Iliev 2019