EURUSD may be targeting liquidity above 1.12000 towards the descending trendline considering the FED's dovishness. However, with chart pattern, one may likely opt for the pair declining to below 1.02000 IF fibre could possibly break the neckline of the forming head-shoulders. Already, the pair has broken a swing low; if a lower high could be formed, then EURUSD...
Next BTC major move will be in April'2025. Much pump will be there.
Review: In my previous update on October 7th, I had the expectation that BTC will go to 46000 zone by end of January 2024. Update: Analysis of the Structure: We are in wave IV of C of (3). A fib target for wave (3) peak is 49926. Analysis of the Cycles: We are in the second 20D cycle of the first 40D cycle of the second 80D cycle of the first 20W...
Review: Let's review the key points of our recent updates: November 21st: October 26th was the first 40W trough of the current 80W cycle. 40D trough, November 27th 2023. 80D trough, first week of January 2024. 20W trough, middle of March 2024. 40W FLD target is 215. 40W trough, June-July 2024. December 2nd: Going back to the count of...
Review: Let's review the key points of our previous updates: November 21st: 40D trough on December 4th 2023. 80D trough on January 6th 2024. 20W trough in the first 2 weeks of March. 40W trough in June-July 2024. December 2nd: Next phase is a very strong bullish move as wave (III) of a of 3. 80D cycle FLD generated a target of 282. 20W...
Due to the pumping of altcoins in the last few weeks, I had time to make a review. Among the altcoins that had a good pump in the past bullrun like SOL and AVAX, and among those that had a lot of decrease like CAKE and ICP, I handpicked a few undervalue GEM With today's ICP Token pump, it seems that two altcoins are prone to pump: AXS, CAKE and Doge. Sooner or...
USDZAR Weekly:@weekly highs,Failed to make a new HH(Possible Trend reversal) Daily: Breaking daily structure *waiting for a break of 18,27120 for bearish confirmations and will be looking for short opportunities #1st Bullish leg_Jan 2016-Feb 2018(2years) #2nd Bullish leg_April 2020-June 2021(2years) #BYKCAPITAL #LETSEAT
#Bitcoin and the SPX most of the time correlate (move in the same way). It is clearly visible that most of the histogram is green except for some cases which I circled in gray areas. Recently, there was again such a zone of decorrelation, and even though the majority wrote that everything bitcoin has nothing to do with the stock market. As we can see, the...
SPY seems to be following an approximate 8 week cycle which has consistently marked turning points. This rally is heading straight into a cycle week so a major top could be forming right now.
There are 2 scenarios that I expect to occur, both with the final outcome, the circumstantial achievement of historical highs, because: we had a response to the restrictive monetary policies of the FED before 3/11/2023 with a lower than expected NFP and a rate of rising unemployment; then with decreasing inflation. I expect scenario 1 (white) to occur if in these...
The main assumption, that is unlikely to happen, assumes the coming wave will be proportional to the 2004-2008 rally. This is based off of the move out of 2020 being over 6 times the trough to peak percent gain during 2002-2003. The lead in fractals and Bollinger Band behavior are similar. We are once again in an expansionary phase of real estate. General risk...
Hello Traders, welcome to today's analysis of Apple. I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
Opinion: Let's see what the EURO / U.S. DOLLAR might do.
#BTCUSDT Weekly Chart Analysis: Based on the analysis of the BTCUSDT weekly chart, it has been observed that whenever the price reached the mentioned "ring" level in the past, a significant decline occurred. However, it is worth noting that the current price seems to be finding support at the ring level. If a proper breakout occurs, there is a potential for the...
In my previous post on AMEX:SPY , I presented the argument for a potential 30-35% market crash in 2024, following new all-time highs. This updated chart incorporates worst-case scenarios and draws parallels with the DOT Com bear market of 2000-2003. > Utilizing the year 2000 as an analogy for comparing market cycles. This provides valuable insights into...
Bitcoin is making its final move to the upside, possibly reaching 48k, but it's a gamble. The altcoin market is experiencing its last pump, aiming to drive the Fear and Greed Index into the 80s. BTC has been on the rise for 90 days now, typically signaling that the top is approaching. Bitcoin tends to follow a 60-90 day pattern; it doesn't have to be precisely 60...
I received my CMT charter long ago, when chartered market technician candidates could write a thesis that had potential to change the body of knowledge of Technical Analysis. It did and it continues to serve me and my students well. It was called "Cycle Evolution Theory" and my specialty is in the long-term cycles of emerging displacement technologies that change...
SP:SPX FRED:M2SL Breaking the Barrier: S&P 500's Performance Against Monetary Expansion As we venture into the intricate dance between the stock market and monetary supply, a telling story unfolds—a narrative not merely of numbers but of an economy in flux. The S&P 500, a beacon of market health, has now reached a pivotal moment, breaking through a...