Was playing around with oscillators the other day and noticed something interesting on the weekly BTCUSD chart:
Weekly RSI under 30 has been an excellent indicator of bear market capitulations. Are we due for more downside before we can take another shot at those peaks of irrational exuberance? If so, this setup should be very useful for sniffing out a...
Each asset has it's own market cycle, I am trying to find a market cycle of both and a correlation of Digibyte to Bitcoin market cycle.
Putting some average price targets, which are not at all accurate. But trying to find a trend reversal point on the chart based on timing of a previous market cycle and halving effect on price action.
Bitcoin Closing Triangle
The previous trend reversal broke it's resistance prior to Halving.
Will the previous market cycle repeat in the upcoming halving event?
I find this interesting about the traditional market - thought i'd share.
From the looks of things based on Eliot wave pattern count, it does look like we are at the top of a 50 years market circle.
There is only so long the market can defy gravity before things come crashing down. Looks BTC may indeed be the safe haven.
At this time, we are stuck at 7,200...
Gaussian channel and Moving Average Cross applied to macro Elliott Wave cycle.
Indication of previous market cycles moves on the upcoming long dominant trend.
Halving effect and long term seasonality.
2013 - 2017 ATH
2014 - 2018 Beginning of a downtrend
2015 - 2019 Bottom found and reversal
2016 - 2020 Halving event
2017 - 2021 Parabolic uptrend and a new...
Showing signs that the bearish market cycle may be coming to an end by looking at moving averages, volume profiles, fibonacci speed fan and time axis fibo. The high volume in the local (horizontal) trading range could indicate an incoming trend reversal, however this would need to be confirmed by bullish price action. If the price can sustain a trend above the...
SOL short continuation long term trend /Cycles
still part of H&S originating in 2008
break of short term support will open up 2008 support
for possible trend change
The markets currently in the euphoria stage, posting ATH's everyday. Its only a matter of time before it pops.
Heres something to keep an eye on. Using the pitchfork to find areas of support and resistance, pivots were placed using the last major recessions.
There was a double top (1500 region) in both bull runs before 2000 and 2008, this should now serve as a...
Other posters have commented on the HnS pattern in BTC and it's possible breakdown below the neckline. I want to point out the HnS pattern in LTC that has already broken down below the neckline. A brief test of the neckline didn't hold for long.
During the 2019 rally, it was pointed out by Charting Man Dan from theChartGuys that LTC was the lead bull. (Verify for...
A few others on this forum have predicted that the recent HnS pattern in BTC could lead the price below the neckline, towards the $5K territory in the near term. This stretch agrees towards a longer term equilibrium pattern devloping in the BTC price. High of $20K, low of $3K, lower high of $14K -> higher low of $5K, lower high of $10K, higher low of $7K. The...
Depending on how market opens in December, on H4 I have bullish sentiment for EURUSD. A wide gap below the swing low at 1.09812 will change the dynamics of this setup, but any opening above is fine with little or no adjustment.
