Overview: let's review the key points of the previous update (October 6th): Wave II as a triple zigzag. Will complete wave (A) of Z of II on Monday. 264.2 or 268.5 (higher probability) as potential targets for the peak. The start of a bearish phase as wave III to 200. First 10D cycle of the current 40D cycle complete. 40D FLD cross on Monday, a...
With gold previously breaking below the support at 1669, it is making another attempt to test liquidity above 2000. A price rejection at this level will cause price falling towards the support level again. A break above July 2020 high will indicate that the metal will likely go further high. N.B! - XAUUSD price might not follow drawn lines . Actual price...
Let's look at the situation, from the point of view of the 2nd cryptocurrency, and how we ended the most protracted and at times boring phase of the market. The main resistance at this time is the Keltner channel baseline. Notably, during this stage on RSI, we do not enter the overbought zone. 💡This phase ends in coordination with the BTC halving. First, the...
Based on previous study, internal targets highly likely, external targets most probable.
Today I saw a headline that surprised me "The current bear market has become the longest in the history of the crypto industry"📰 And I had a question about whether they were living in the past, or where they saw the bear market.🤔 💡I want to remind you that it ended with a duration of exactly one year, just like the last cycle. And it was much shorter than in...
Levels I am watching for Friday- shown with daily FVG to be more clear about points of interest. Dashed Black line is the 50% line of yesterdays move, denoting premium and discount. Black heavy lines are yesterday's H/L It is yet to be seen if the final October low is in. It is possible to have slightly more expansion, with a deeper retracement beginning next...
I am sharing a critical analysis regarding the potential future of Bitcoin (BTC) based on the Ichimoku Cloud 2021 pattern. While it is essential to approach such predictions with caution, I believe it is crucial to consider the indicators and make informed decisions. According to the Ichimoku Cloud 2021 pattern, BTC's current trajectory raises concerns about a...
I've already described before, it's clear to everyone the correlation, a weaker dollar = a positive for Bitcoin. The chart below clearly shows the moments when 2 assets are correlated (circled). Now the dollar is breaking its short-term trend and will most likely continue its downward movement. On our inverted chart, this is an upward movement that will provide...
We are looking at Brent oil for a potential short trade only if the following occurs: 1.Wait for Daily bottom to confirm 2.Then for top to confirm before taking shorts till Weekly Confirmation Bar low is taken out at 83.46 **We will only be considering this short trade for a very small period as Weekly is in Uptrend** We will be tracking this move and updating...
Monday looks like a fake move beginning of the week to get traders to go one direction. Wednesday we had a mid week reversal which appears to be holding. Today we are looking for LONGS only on EURAUD. Target is 1.66500 There is also a chance that today they will drop to grab the lows set during London and maybe Asia and then finish the move by the end of tomorrow.
Introduction: This year's Bitcoin Amsterdam event was noticeably quieter than the previous edition, potentially indicating an upcoming bull market. Let's explore the current status of Bitcoin and its comparison with gold. Visitor Numbers and Market Sentiment: This year, the attendance at Bitcoin Amsterdam was significantly lower than the previous year when...
Easy to capture those 3 similar points. This is no cherry pick, because e.g. the covid crash let not to a candle close below the average! And 2017: There was a candle close below, but the next close was hugh and above and destroyed the signal. Take care & good luck! I will buy at the end of this year, maybe even in Q1 of 2023 --- For crypto these will also...
According to Wave/time theory's, we are reaching the end of the Long cycle, The zone marked in the Chart shows the possible starting Bearish Cycle. Above this Zone, the USD enters the New Bullish cycle.
BTC must hold $25,000 & BTC can rise! If BTC breaks support $25,000, BTC will fall down to around $19,600, Get your dry powder ready!
NASDAQ:AEIS was one of the darlings of the '90s. So much fun to swing trade this stock. It is now moving up to test the all-time highs of 2021. Electronic Components are cyclical stocks typically with huge revenues ahead of holidays, school openings and summertime. The cycle is starting again. Notice that Volume Oscillators and Money Flow indicators are rising...
Bitcoin is still holding its potential weekly bottom level of 24920. Price structural level of 24756 on the weekly timeframe is still holding and has not been broken yet to give a trend change. Next level for BTCUSD to break through for further strength to the upside is the last potential top at 28592 as in image above. As of now,Bitcoin is retracing quite abit....
As per our previous post, the US30 had a 10% probability of going lower and it has turned around this week to confirm its bottom according to our smart money indicator. The weekly is on a Uptrend P2. The 2nd daily bottom is it's 2nd attempt to make a weekly bottom towards a weekly P1.We have taken this trade on a long position upon entry on the 4H timeframe...
The change in monetary policy in China also has an impact on $BTC. This is clearly visible on the chart of the ratio of short-term bonds to long-term bonds, every time the trend line breaks, bitcoin enters a faster growth phase.↗️ 💡The chart of the yuan shows a similar picture. It just happens a little later. It's a similar moment now, the bond trend is on the...