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2021-12-29 10:05:44 Short-term forecast for BTCUSD, XRPUSD and ETHUSD 29.12.2021

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

Each of the cryptocurrencies may soon form a bullish standard zigzag.



Elliott wave Bitcoin analysis



The BTCUSD market is building a horizontal correction [B], in the shape of a double zigzag (W) - (X) - (Y). The last sub-wave (Y) is currently unfolding. Wave (Y) is developing as a triple zigzag W-X-Y-XX-Z, the completion of which requires the last fifth part, that is, an actionary sub-wave Z. Most likely, wave Z will... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtu2m Open / Comment

2021-12-28 20:23:23 Before ending the trading year and resting with peace of mind, you should prepare in advance for 2022. Preparation will take a little time, you need to do only 4 steps:
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Minimize your risk
Better yet, close all open positions!
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Major currencies are unlikely to make any significant changes during the holiday week.
A few pips profit is not worth checking out the price action during Zoom's holiday calls with family and friends.
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And if you decide to spend New Year's time watching Spider-Man, close long-term trades so that you can adjust your stop losses and minimize your exposure to risk.
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Analyze trading performance.
Profit once doesn't always mean profit.
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To keep doing what works and stop doing what doesn't work, you need to analyze your trading log. This will help to understand if the forex strategies used are suitable for the market environment and what else can be improved.
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If you haven't started keeping a trade journal yet, then it's time to do it in the new year.
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Even with this most basic information, you can calculate some helpful but overlooked metrics (ex: average return-on-risk, longest drawdowns, biggest win/losses, etc.)
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Make goals for the coming year
Now that you have an idea of your strengths and weaknesses, start listing down your goals and expectations for the year ahead – keep’em simple and realistic, especially if you are a beginner.
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Goals such as “I won’t take any impulse trades,” “I’ll identify a trending market before running my trending EA,” or “I’ll only take high reward-to-risk trades” are forex goals that are realistic and measurable.
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Enjoy your break!
Taking a break is still one of the most effective ways to reduce trading stress.
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You absolutely DO NOT NEED to trade in the last days of the year, take a break.
Don't worry, you will have many opportunities to apply your market knowledge and trading discipline in the coming year!
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By following these simple steps, you’ll hit the ground running as soon as the opening bells ring in 2022!
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Holiday greetings! Open / Comment

2021-12-28 20:23:23 Open / Comment

2021-12-28 17:47:29 Qtum Technical Analysis

Let's determine the global trend and the key levels using technical analysis of the Qtum to USD value on the oldest time frame chart.



A bullish trend manifests itself on the QTMUSD's monthly chart, but its potential appears weak because trade volumes have been falling since May, and December's candlestick plunged again, retesting the trend line.

The support and resistance levels can also affect the price movement in the medium term. Support has formed at the last minimum of 4.4 USD. The nearest resistance value is the level of 21 US dollars. The Quantum future price is likely to stay in... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtD3g Open / Comment

2021-12-28 14:07:00 We conclude this month with the most profitable strategies



Open / Comment

2021-12-28 13:56:04 What to expect from the yen in 2022? Forecast as of 28.12.2021

What are the drivers of the USDJPY uptrend? Will the bulls' benefits continue to work out, or have most of the positive factors already been considered in price formation? Let us discuss the Forex outlook and make up a trading plan.

Fundamental Japanese yen forecast for a year

The Japanese yen ends 2021 as the worst performer among the G10 currencies. Since the beginning of January, it has weakened against the US dollar by 11.3%. For comparison, the Swedish krona and the euro, ranked second and third in the list of the main outsiders of the year, lost 10.4% and 7.2%,... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtDZB Open / Comment

2021-12-28 10:24:48 Euro believes in Santa. Forecast as of 28.12.2021

It would seem that the positions of the EURUSD buyers are hopeless. Both monetary policy and economics play into the hands of their opponents. However, when there is no chance left, Santa Claus helps. Let us discuss the Forex outlook and make up a trading plan.

Weekly euro fundamental forecast

The Santa Claus rally in the US stock market keeps EURUSD from falling. An event that takes place five days before and two days after Christmas happens with 80% probability and brings about 1.3% to the S&P 500 growth on average. It doesn't matter what drives stock purchases during this period, whether it's optimism about... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtiSM Open / Comment

2021-12-28 09:17:34 Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 28.12.2021

Dear readers,

I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. Also, I've provided trading recommendations and entry points for each cryptocurrency pair.

Ripple and Ethereum are forming double zigzags, whose ultimate complex waves are developing as double zigzags, too.



Elliott Wave analysis for Bitcoin

По

At the beginning of December, Bitcoin finished forming a downward impulsive wave [A], consisting of sub-waves (1)-(2)-(3)-(4)-(5). Then, a corrective wave [B] started forming as a double zigzag (W)-(X)-(Y). The middle part of the pattern — linking wave (X) — developed as a triple zigzag on 20 December.... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtiE0 Open / Comment

2021-12-27 14:48:45 Who runs the show in Forex? Forecast for USDJPY, EURUSD, GBPJPY, EURGBP, USDCAD and EURCHF as of 27.12.2021

Monetary policy will continue to be the main factor influencing the Forex exchange rate formation. The willingness of some central banks to act aggressively will encourage their currencies to go ahead. Let's discuss this topic and make up trading plans for USDJPY, EURUSD, GBPJPY, EURGBP, USDCAD and EURCHF.

Fundamental G10 currencies forecast for six months

Whatever the movement of exchange rates on Forex at the end of 2021, you should not take them as systemically important. Investors take profits, withdraw liquidity from the market, and major traders, knowing this very well, build traps for minor traders. It has always been and will be... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jts1l Open / Comment

2021-12-27 10:37:50 Three reasons to sell euro. Forecast as of 27.12.2021

Much has been said about the divergence between the Fed's and the ECB's monetary policies. However, the Federal Reserve's aggression has its reasons, just like the ECB's unwillingness to change policy. Their moves are related to the economy. Let’s discuss it and make a trading plan for EURUSD.

Quarterly fundamental forecast for euro

Even if the EURUSD is stabilizing at the end of the year, the market tends to believe the main currency pair will likely continue trending downward in 2022. The reason for that includes some factors other than just monetary policies, such as the weakness of the eurozone's... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtqvM Open / Comment