- 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...
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...
This allows scaling of the bitcoin supply to more accurately identify trends set by previous market (mining) cycles to identify useful points of support/resistance.
Today I want to focus on 2 fundamental metrics that aim to call Cycle Tops and Cycle Bottoms in Bitcoin:
Daily Mining Income (USD)
Puell Multiple
Calling Bottoms
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...
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...
Charts consist in 3 Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed/How "fast" price travel according to time )
Market cycle study through sinewave suggests the following:
Bull market are long as one full wave length: Lambda (peak to peak)
Bear market lasts Lambda/2
Accumulation lasts Lambda/2
Currently in accumulation phase.
Note:
Sinewave peaks overlap monthly macd histogram peaks
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...
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...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
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 indicators here's...
As you can see, there are a lot of traingles above. Why traingles? Because it is very good figure to analyze charts with an upgraded cycle theory. First of all, let we compare volumes and candle sizes in the biggest traingle and in the green second traingle that has smaller size. We can reveal, that in the first traingle candle sizes has ~1.9 times bigger size,...
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