Based on my cycle theory there is a strong chance BTCUSD pops at or by 8pm tonight. This is on a pretty large chart so there should def be an attempt to the upside. Based on the fact it already tested the cloud and failed. This would be the second opportunity for it to go.
by iCantw84it
07/04/2022
Every cycle has its moments of exess greed, and every cycle has its moments of exess panic. However we always follow the logarithmic uptrend, with its backbone being the trend pre mega pump.
In the last cycle the bottom did not take too long post breaking of this "backbone", and usualy a single sharp break followed by minor testing of the lower ranges was the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
The picture is self-explanatory.
We are overall bearish from a long-term perspective trading inside the big dashed channel in black.
Inside the black channel, we had the first impulse in red, then a correction in blue, and we are currently inside the second impulse...
I want to take a closer look at Bitcoin's price weekly logarithmic chart.
Firstly, the chart examines growth and fall cycles, sometimes referred to as economic cycles or trade cycles. As you can see in my analysis, the growth cycle usually lasts approximately 150 weeks and is always longer than the fall cycle that spans out over the course of approximately 51-60...
Using the ascending channel that XRP has been respecting on resistance and support and also taking into consideration the Expanding Cycle Theory where each Bitcoin peak gets a little further out with time, maybe this could be a likely scenario for the XRP price. We are speculating of course and this may never happen or we could be wrong and XRP goes higher once...
The daily dominant cycle analysis indicated a possible interim low and showing a positive phase ahead until the summer period for Netflix NFLX. We can detect two dominant cycles with a length of 211 and 289 days. Both cycles are plotted as "composite cycle vector plot" as overlay based on their current phase status. The cyclic smoothed RSI indicator is also tuned...
Since we are dropping so quickly to 20K so early in the bear cycle, My new thoughts for a likely target is 12K
Reasons are:
Global markets are in a abnormal bear cycle due to many global issue's.
To keep inflation under control the governments across the world are raising interest rates & we have a very nervous global market.
Issue's arising with China &...
This is Germany's stock market index, one of the strongest economies in Europe.
The index consists of the 40 largest companies listed in Frankfurt Stock Exchange.
On the monthly chart we have the red diagonal line, which has been a support since the beginning, as shown in the circles.
We also have the middle yellow line, which has been tested 11 times as a...
The white line marked with a white arrow is the center line in a schiff pitchfork connecting the 2014 and 2019 bear market. This line played a role as support before our drop from 6k to 3k, and it is currently playing a role as very strong resistance. We have hit this line twice now and price has failed to break through. Within that same pitchfork just one line...
Bias: Open
Market Cycle Phase: n/a
Thursdays push cancelled out as price retraced over 65%. MP in confluence with last week's POC could provide a nice short opportunity.
If the older chart patterns serve as an indicator to predict future movements, we can conclude that the price is not far from establishing a bottom and reaching the accumulation zone, where it previously spent months lateralizing until reaching the halving and starting a new cycle. Look
Blue vertical line - Halving's
Green area - Bull Market
Red area - Bear...
I marked the blue 1.618 extensions that indicated the top before. When the 0.786 marks the local top, the 1.618 seems to indicate the next cycle's top. This cycle the 0.786 is at practically the same price as the 1.618 extension of the previous cycle !!
BTC is on his bottom right now. Global BTC Cycle changed in this 2 days.
Last time this happend we had 1000% gain in the next 1-2 years.
LONG on BTC
Its comming, lads...
