BTC USD - has the market bottom been captured? Time will tellG'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Three, Four Day
Orange = Daily
Note before reading - the BLX is a delayed by 1 day of data - so review live charts - logs worth best using the delayed data for future price setups.
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Below are some of the take aways from the video without log bands and with. This is a high level explanation, so the language used is to provide a blanket cover.
Daily Chart
Weekly chart without logarithm bands
Weekly - with logarithmic bands
Monthly - zoomed in
Monthly - market cycle since inception
Read more from the original model explaining all the relevant information needed to know on the market cycles by viewing the links;
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Marketcyle
GBP JPY - 2021 150+With the Brexit transition starting - let's see what happens.
Outcome for a Brexit 'Yes' vote.
As we come into the holiday season - there is important volume to note here, however the major players are positioned for either way.
We have the purple buy zone, which price has seen a nice consolidation with some rejection wicks.
January update:
The amount of deals now in place with respective governments and individual deals for exports, flow of people and long term deals with infrastructure projects - we will now see the Yen to weaken. Provided there are now upsets from Internal UK parties to cause a stir nor Brussels or Euronations rejecting.
With now the second vaccine beginning to take place on the target of 2million vaccines conducted per week - this will see the nice flows taken from the JPY shorts with institutions moving away to keep the upside moving as the UK races to lower the cases.
Provided the probability seeing further buying power.
We will see a huge engulfing candle to start the new imbalance.
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