In my opinion it will fail to break through it and will go back to 5800$. The cycles drawn show that we are in a bearish cycle, so only after 10 days is when im expecting BTC to go back up. Right now we are in a bearish triangle pattern. MACD shows bullish sign for BTC but does not convince me, RSI shows there is still space to go down. When we touch the 20 Day...
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This idea comes from observing some fractal patterns on the 30m chart. In the first cycle of the pattern, short interest climbs to 33.9k, and a short squeeze causes shorts to drop by 5.8% to 31.9k. The pattern then repeats itself with short interest climbing to an "ATH" of 39.9k, and a short squeeze causes shorts to drop by 10.6% from 39.9k to 35.6k. It appears...
My yearly composite cycles on the Dollar Index points to a possible high around the 28th August - early September. I would suspect that price may even reach the 0.618% Fib retracement around the 98.000 level before a possible decline. The cycle suggests that price may trade lower until early December. If price does make it that high and technicals point to a...
Hello, here you can see Ripple and a projection for the future. If you look at the last time Ripple did a major top and low, you can see that it took 80+114 days= 194, we could attribute this to 200D and initially I thought so, but it doesn't make sense as XRP hasn't shown much activity around 100D cycles. But what is observed is 233 days, and if we add the number...
Crude Oil has been following my cycles pretty well this year. I published a trade idea back in early May, which shown my preliminary cycles. I updated them again and price has been following the new projections very well. On the chart you will see 4 colored boxes which I described as phases (nothing to do with Elliott wave), which clearly shows that the cycles...
Here we see EOS Cyclical behaviour (in hindsight). EOS is moving in 100D cycles subdivided in 50D cycles which form lows, 2x 50 day cycles form a high. From major top to major top took 300 Days, which can be attributed to the Zodiac. From Major low to the next major low, took EOS ~148 days, which evidently fits the theory of 2x50 100D high cycles, where 50D =...
Bear in mind that it is likely that we are going to see a bounce of the whole market in the coming weeks. However, this is a long term potential road map. We are looking at Bittrex for longer price history. I have separated the history in cycles each lasting around 344 days. The beginning of the first cycle is not the actual low but is just where Ethereum enters...
The bottom is, in my humble opinion, is not in. Looking back at the price action of BTCUSD in early 2014 we can take a look inside the most recent long term bear market and use that as a reference for our current bear market in bitcoin. Bitcoin and crypto has seen a massive influx of new investors and frankly what we in the space refer to as 'dumb money'. They...
GBPCHF - Buying opportunity for Swing trading TECHNICAL ANALISIS: Elliot Waves: Down Trending waves 1 to 5 with with perfect fibonacci measurements Next step for this waves would be either a ABC Correction or ABCDE Correction to the UP Side RSI - Momentum: We got in the peak of wave 5 at the 61.8% extension from 1 to 4 RSI Over Sold Divergence in 1 hour...
Not a exactly number, but works very well... Thats a secret! 50 Days for the BEARS, 25 Days for the BULLS! We are safe ;) Im calling $6k the bottom! YEAAHH! PEACE AND LOVE!
Here you see LTC's cyclical behaviour of around 270-280 days. This cycle can be viewed in terms of the Zodiac (360/90=4). 270/90=3, 270+90=360, to which also belongs the moon, which has 13 cycles of 27 days to orbit earth and aproxamitely 28-29.5 days to shift phase. 13x28=364. An observation of this cycle would conclude September as a month of possible reversal....
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....
I am still comfortably holding my short position. If we see a bear cycle similar to the most recent one, we could easily reach 5k on this push down. Notice the price action is very similar thus far to the previous bear cycle.
I expect for IBM to test the 144 level once again. as its cycle pattern seems to be rolling over now.
Since my last call on Ripple i've been watching it loosely, waiting. As you'll notice looking at my last call on XRP () I used a time based mechanism to determine entries and exits ( it is important to still watch price action). The time has come again for XRP and there are some very interesting cycles at work that are calling for a buying opportunity at these...
Harmonic Cycles LONG uptrend rig starting -------------------- If you like, please feel free to hit Like, leave a comment, share this things and follow me. -CJ-
According to market cycle lines, we can see that there is a pattern! It is not perfect but seems reasonable. If this is "correct" we are now in down momentum.