- 120 Gann Cycle of the Inner Year. From the swing low on December 12th, 2018 to the open of April 19th, 2019 is 128 days. Gann wrote that the 120 day cycle should be watched as a low/high countertrend, especially if a high/low was found at 90-days. There was a high found in the 90-day cycle, so this 120-day cycle low is in.
- Gann Date of
- Full Moon on April...
Strong downside move coming for the GBPNZD based on the following criteria.
Strong bearish setup for GBPNZD
1. Bearish Bat
2. Bearish Shark
3. 144-day inner year cycle
4. 90-day inner year cycle
5. New Moon on the 6th.
Hyperwaves are a subset of bubbles, there are MASSIVE bubbles.
When I saw this was made public I whined inside because it means then it stops working, but the wall street market cycle thing has been available for a while, and it still works PERFECTLY. PERFECTLY. It is as if the more information is made available, the more people fall for the same mistakes again...
Today I want to focus on 2 fundamental metrics that aim to call Cycle Tops and Cycle Bottoms in Bitcoin:
Daily Mining Income (USD)
Through the analysis of the USD equivalent Bitcoin Mining Revenue, we can forecast future bottoming areas.
When Bitcoin topped in 2013 at $1163, it set the bar for the mining income level around $5.1M...
---- Conclusion ----
At the current point in time the market cycles that have been driving Bitcoin 1.00% for a large part of this year are almost universally high, indicating that there is a lot of pressure for bitcoin 1.00% to head downward in the short term. Market cycle c., which has been leading during the past few months has just recovered from a low...
According to Ralph Nelson Elliott's "Elliott Wave Theory" a market cycle has a Motion Wave (5 impulse waves up) followed by the correction ( ABC wave). According to this count BTC had its 5 impulse waves and is going for the correction phase now, what would mean 20K is the all time high. We could see a B wave up from here but to reach new all time highs we would...
It's so cliché but... if Bitcoin was actually subject to repetitive cycles?
According to this hypothesis, we would then have the following "algorithm" for investors:
WHEN (RSI14 > 90) AND (MA9 > MA20) THEN
IF(1st Occurence == True) THEN // Bear Trap!
WAIT (OR... SELL and BUY the correction soon after)
ELSE // 2nd Occurrence = Bull Trap!
Hey, what's good homies! I feel like its been weeks since I posted, but I finally got it done. In my previous article, I did say I have a big article coming up, and this is it. This post in particular has many things to cover, so let's get started!
Let's quickly summarise some key points throughout this post:
- Ascending triangle
- 6k support is now a 6k...
Well, BTC is dragging it out as long as possible, a scenario that I feared a few months ago already, meaning that BTC would bore us to death.
However, it cannot continue doing this for much longer.
There is a very large triangle forming, very similar in structure to the one from the last bullmarket and subsequent bearmarket.
Back then it broke to the...
Hope this idea will inspire some of you !
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