Swing trading using candlestick pattern indicators, double DMA and MACD. Buy and Sell on MACD crossings. Try at different time frames according to your risk tolerance.
Speculative assets have a "top" and a "correction" following a parabolic run. But nobody knows how much or when.
Chart is VFH (Vanguard Financial (Banks) ETF) vs FAANG and Nasdaq. Has the rotation from overpriced tech to value sectors finally here? Too early to tell. Tracking.
BTC-alt pair. If an alt is below the 0% line it is underperforming Bitcoin. If it is above, it is outperforming Bitcoin.
$255K BTC? After the 2016 halving, BTC spiked to 2017 ATH before big correction (Chart 1). That's a 3000% gain. After the 2020 halving in May, price is up 200% (Chart 2). For it to equal the 2016 halving, price must rise to $255,000 by Oct 2021. Not saying it will. Only if it mirrors post 2016 halving performance.
30%+ corrections until another parabolic run.
Works best when BTC is near the Ichimoku cloud and not overbought.
Comparing cloud, MA and new ATH after halvings