Used Elliot waves to predict the tentative zones of market highs. We are in the end of supercycle wave 5 which ends in a zone of ~13900 - 14400 towards the end of 2020.
S&P is at a strong juntion of trendline, priceline and timeline resistance. 12th May and 13th May are going to be reversal days for a retracement by over 3000 points. Go short with SL at 2970 (30 points risk for a 3000 point reward) !!!!!!!!!!!
self explanatory chart, strong support at 2385. Go lon after 2385
Short @3660 Target 3000
BTC has now defined the upward trendline cap as resistance. Downmove will begin from coming hours.
Depiction in chart, to pan out over next 60-100 days
It was a good run but the price is forming a double top at 3945 and 4000 is a fib top. Monthly RSI is heavily overbrought. We can see a correction till 3000 from coming week onwards.
The downtrend has stopped with heavy volumes @140USD. Target and Stop mentioned in chart
LTC has started forming base at 38-39 range which is also the bottom of daily trend line. Target of 60 in 10 days, SL 35
time for a short jump before the fall again !
Trend analysis. I think the correction will end at 143$, might align with the 1st Aug date
1st target 51, (might come back) 2nd target 57
BTC needs a close above 2390 on hourly candle to show some strength.
Quite strong signals for small jump back.