As "They" Said When US Future up, KLCI won't always follow.. BUT When US Future "drowning...."... KLCI will sing...l " I will follow You.....".. Maybe KLCI Next Major Support Could be around 1400
Global channel
I looked at the logarithmic chart and saw: a global uptrend channel, the upper line of which we tested and did not breakout. Bitcoin at the threshold of a new big cycle, which is a little over a year long.
After that, Bitcoin made a dropped by 50% from the peak and reached the previous correction's support level. Now BTC has rebounded and is...
Just a mental roadmap of recent !important! events in crypto (/general market) fibbed out into cycles on top of tether's marketcap.
It seems we are due a decent "cool down" period soon, as this also starts to align with other macro indicators I'm starting to get even more convinced (VIX, DXY, 10y bond yield).
Feel free to share your thoughts with me, I'm open to...
Last April I made a comparison of fractals towards a bear market and it was carried out, we currently see a recovery but how true can it be in the face of a bullish break? We can get to have a bulltrap and come back again and double-bottom in the 30k. Otherwise, we can break well and head towards the 44-48k level in case this is done in a good way, we could visit...
Cycle top has always been at the 2.414 FIB-level both previous cycles.
We also had corrections to the 1.272 FIB-level both previous cycles.
Nothing to worry about. I'm really bullish long term!
1 - Litecoin does 5x over Bitcoin
2 - Bitcoin breaks out before cycle peak
3 - Bitcoin peaks at 4 year cycle
4 - Bitcoin bottom of bear market
5 - Litecoin halving
6 - Bitcoin Halving
7 - Bitcoin approaches previous all time high
Shout out @masterbtcltc
Hello Traders Investors And Community, here is the big significant and fundamental meaningful bitcoin-halving-cycle-analysis I constituted and show to you. As the next halving will approach estimated in one week left at the 12th May of 2020 we are at a historical moment in bitcoin history, the next week's bitcoin will show us if the next halving will affect the...
TOPGLOV price might be forming a wedge pattern which is probably at its last phase of completion also developing as a triple zig zag wave pattern W,X,Y,X,Z( Red Circled ).. the Z wave probably will be reaching at around RM3.50 ( As what JP Morgan Predicted )..which is 1) the lower trend line of the wedge pattern and also 2) the weekly 200 EMA Support line 3)The...
Take a look at where we are in the Bitcoin Halving Cycles from 2013 to today, the current cycle support lines have been drawn for months. We are right on track and with this recent Wyckoff Distribution Schematic (see previous charts) it created a great buying opportunity.
SP500. Instead of FED announcement of "possible" "tapering" QE on 2022/2023.. FED "actually".. increase The QNRRP ( Over Night Reverse Repo Program ) from 0% to 0.05% ( that is huge! for "just" over nite!!" ).. Where Do we think "those" "hot money" from equities etc market will flow to?!.. We "see" the "acceleration" of Gold's Price is more "aggressive" than...
Wyckoff distribution being played candle by candle.
It's like sorcery, the price action is following Wyckoff distribution.
So BTC may hit a 20-30k as lowest low being 64k a top in the MID term. BTC may do another final top as high as 144k by November 2021; repeating somehow 2013 cycle.
On the other hand this cycle may be prolonged to as far as mid 2022 extending...
Looking at the logarithmic chart of Ethereum, it seems to be in a long term channel, the upper line is yet to be tested. If Ethereum continues to be in the channel, $10K is is expected by end of this year
Look at the 4 year cycle of Bitcoin. If history is going to repeat itself, we are very close the starting the next cycle. During the cycles, Bitcoin sees upward price action for 3 years with a parabolic run at the end. Then it sees downward movement for 1 year with capitulation at the end. Not sure if we've seen capitulation yet but we are close. So if this holds...
BULL MARKET TOPS = A TAD BEFORE 2nd BLUE LINE FROM PREVIOUS PURPLE LINE
BEAR MART BOTTOMS = 3rd BLUE LINE FROM PREVIOUS PURPLE LINE
GREEN ARROWS = BUY
RED ARROWS = SELL
*Blue & Purple lines are 1 year apart from March each year & clearly call the bottoms and tops of the Bitcoin cycles. Nothing special, but this gives a...
As I say before the bounce to 8k, I think we are halfway through, currently printing a daily H&S that could take us to 5.3 for the next swing low (bounce) in september.
So yeah that's pretty much it, little bounces along the way, 3k is my target, depending on the number et power of the swings in between I'd say its for end of this year to early spring 2019....
Hope this idea will inspire some of you !
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Indicators used in this forecast are PRO Sinewave & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my...
