For those still following at home, a final update before we get our enviable cross on our custom coded Cycle Bottom Indicator first live test. As per previous posts, indicator has been fitted using the past two prior cycle bottoms with a 3 day tolerance.
A quick update on the Cycle Bottom Indicator (CBI). Currently forecasting for a MA cross on the 11th July 2022 (see dash red and green projected lines and vertical golden line). Would fit in nicely with a final capitulation around that time with current price action. #NOT FINANCIAL ADVICE - CHARTS ARE FOR HISTORIC RECORD & EDUCATIONAL PURPOSES ONLY
This is a short post intended to look at the comparisons between the current price action with the DEC 2018 cycle bottom; and what current price action may look like if we continue similar to 2018.
Post is to capture a custom built indicator I have created based on prior cycle bottoms I have called the Cycle Bottom Indicator or CBT. Are we potentially approaching our first live test (occurs when the Green line crosses under the Red line)? Follow this post to see how it performs....
Quick update on the CBI. So far this indicator has helped us to navigate the current cycle bottom pretty well. For the current forecast to work out, the scenario I could see playing out is as follows: * Bulls push price up to the daily order block to put in a decent Monthly Close. This would also keep the adjusted long growth curve model intact (shown as the...
Hi All, I thought I would do a quick post this Sunday night I have been meaning to do for the last week or so to cover the bearish scenarios and max possible bearish scenarios I think may be possible for BTC current thinking is proven incorrect. My current thought process for a potential new cycle bottom for BTC follows my reasoning in the below charts. Will be...
This chart has been developed for use in supplement posts. CME chart reflects the futures treading for BTC derivatives (see link before for more information). www.cmegroup.com CME Futures allowed a lot of investors money to now short the asset. CME Futures like other 'traditional' assets close their markets over the weekend and operate Monday to Friday (Shown...
This post looks at the following items to assess BTC possible upcoming cycle accumulation ranges, next cycle bottom and historic lowest price possible: * Cycle Bottom Indicator & CBI Extensions * Log Chart key support and resistance levels * 200W SMA (Simple Moving Average) Historic Cycle Bottom Support * Historic Cycle Accumulation Zone * 300W SMA...
Supporting Chart to be considered with respect to the below posts Cycle Bottom Indicator - First Live Test Approaching? Bitcoin Cycle Accumulation Zones -150W & 200W SMA
A quick update relating to our previous post. BTC has continued its trend to quickly drop to the 200W SMA once it has broken the 600D SMA and we are now in our Golden Box accumulation zone between the 150W SMA and the 200W SMA with potential to drop down to the green box and visit the 300W SMA. If our 'BTC - Historic Over Bought / Sold MAs' indicators holds...
The first 3.50 test triggered development from the Bank of Israel, it shows how quickly the zone can be protected and the tables are turned. Intervention is clear, smelling it a mile off here and makes the short-term opportunity towards the highs an attractive option. When the CB like Israels comes out to say that the currency has gone too far and they wont...
Everything looks upward moving for CBI. Although a test came for dropping below the bottom at 12.10 on April 23, the bleeding stopped at 12.12. I believe the stock is currently in: Grand Supercycle: 1 Supercycle: 5 Cycle: 1 Primary: 3 Intermediate: 1 Minor: 3 Minute: 3 This chart displays my projected path through end of August 2018. The chart below is...
Currently CBI has just begun the important wave 3. Based on the statistics observed during the current overall Grand Supercycle Wave (white roman numerals), our current wave 3 will most likely end around 31.41 around the end of August 2018. This will provide massive gains if buying stock and even larger ones with call options. The solid yellow lines represent...
Most of these projected points are very rough estimates over the next 3 years based on typical Elliott Wave & Fibonacci level combinations. The stock should move around 345% by the end of September 2019. More to follow
CBI is in Wave 5 with plenty of room to run. This is one of my favorite Elliott Wave fitting stocks right now. All trends, macro and micro waves are pretty well-defined. You can invest now and sit back, or play the option game here too.
We have "zoomed" in further and are highly confident Cycle wave 1 has ended for CBI. The stock has met 3 Fibonacci retracement and extension points while creating Cycle wave 1. The stock is set to drop over the next few weeks. Our target is south of 17, most likely around 15. Once this bottom is met, the stock should head to 25 in the next 6-7 months. Full...
Chicago Bridge and Iron makes reading Elliott waves easy. Even though the stock has had a rough time of late, it was a natural movement when wave theory is applied. The stock is set to drop 20% over the next month to month and a half. Once the bottom is found, the stock should gain 66% over the next 6-7 months. More is detailed at limitlesslifeskills.
Chicago Bridge & Iron Company has been in a long bearish trend since 2014. On multiple occasions through this trend, three of the technical indicators discussed below are at similar or lower levels, than they are now. These instances have resulted in nice short-term gains for the stock. I have laid out the reasons and levels to which the stock may gain while it...