Only 5 times in the last 30 years has AUD/USD traded down for more than 6 consecutive weeks. The probabilities are not on the side of trading down a 7th week in a row. Also there have been 7 consecutive 4-month candlesticks in a row. That is unprecedented for negative 4-month candlesticks. It had 7 consecutive 4-month positive candlesticks back in the 80's. The...
Anglogold is putting a short-term low with a bullish engulfing candle in September. The price objective would be to reach the declining trendline at most then decline into second quarter of 2023. Price for September 2022 going below that of September 2021 support price reversal after a swing high lower than March 2022. Ideally would be looking for a triple bottom...
Hello Guys 🙌 Let me tell you something clearly. it's not financial advice. it's just my vision of the chart of BNB.USD I wanna share this vision with you. That's all. Please read it carefully and tell me what you think. As you see the main trend is still bearish. because we are under the Komo cloud. The price is far from Kijun-sen. As we know the price is so...
It's 2 a.m. so I'll be short on this one and go sleep. Vision gonna envision some pretty dreams. So. I do not usually trade fan tokens but in the phase we're at right now, I feel like searching for for the exact scenarios, and this BINANCE:OGUSDT is one of them. Pumpy-dumpy history, already gave me some add-ons to my PnL and is still repeating its own chart...
Overview: it's been weeks that we have been expecting the 40W cycle trough. A summary of the update of previous weekend is that: "we were in the last 5D cycle of the current 40W cycle. I am expecting the 40W trough to form early next week." Update: we missed the last minor push lower and the 40W cycle trough was formed on August 18th. This is the start of a...
Less than a year left until the halving and BTC is in a neutral state, the price could another pullback to reach its monthly base of around $17,500, according to ETF future BTC gap which is around 20k ,it can strengthen this theory. •Patience is the key• For the best time to enter the market
G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD...
Overview: we have been waiting for this 40W trough for weeks. I am not going through my previous updates and statements, just recapping the update of previous weekend: The bearish pressure of a 40W cycle trough is being felt completely. We will have the final push lower to bottom for wave b of 3. The volume increase of past few days = an aid in...
NVDA stock has topped. The run is over. And institutions are using Wednesday's earnings beat as a final chance to sell their shares while they can. Over the last 4-6 weeks we have witnessed many of these leading names roll over and retrace beneath their 50-day moving average – a key level that generally supports top stocks through the move higher. Despite the...
Initial public offer was at 366. 366 resistance can now act as support. there's a BO & small retest... buy at cmp or gtt order at 366 for targets 425 & 520. SL 328 (if you want)
Since early 2021 we've followed a downward channel and had 3 symmetrically timed peaks. I'm proposing we may hit a 4th high of ~$24/share around May 2023. Each rally has been >100-200% Each crash has been ~60% Each crash has been followed by a rally before hitting lower lows 2 possible entry points: $12.50-14.00/share (near prior lows - this would also...
A fractal I noticed. Market works in cycle and we might be at the end of one, but also the beginning of a new one (rsi). All in chart
I think AMEX:SPY has seen the highs for the year and is starting the process of rolling over. I think people like Tom Lee calling for new highs on the year are about to get humbled. I think we're going to go lower than last year, the question really is how low do we go? My bets would be the bottom is under $300. $270 looks like a good place to bid (a 40% drop...
We were anticipating an impulsive move 2× than the previous impulsive move. Price is currently in a corrective phase, a bullish push is anticipated as the previous impulse we had was to the upside
The impact of the dollar on CRYPTOCAP:BTC is clearly visible, as soon as the dollar weakens, it often has a positive effect on the growth of bitcoin. Moments when 2 assets are correlated are circled below. What awaits the dollar index?💵 To put it simply, the main strengthening factor in 2022 was the growth of key rates, the main fall of the dollar is expected...
Are we at the bottom or is there more downside to come ? currently sitting at $3.24 which is very near the all-time low of $3 This level has acted as a horizontaol support several times a decending curved support line appears to be levelling out. The daily RSI is in the oversold mark which has historically acted as a catalyst for an uptick For the past...
Some funs facts. (Bears, you’re not going to like this). A new bull market began when.. 1) Price action has entered the Gaussian channel following strong bullish divergence. Look left. AND 2) A strong buy signal printed. (Not shown but it has) If you see price action consolidate around $22.6k during the month of January then reserver the bearish bias. This...
Greetings, fellow crypto enthusiasts! We are thrilled to initiate a series of posts dedicated to educational market content, with a central focus on crypto markets. To kickstart this series, we will delve into the cyclical nature of Bitcoin and introduce the key terms pivotal to our upcoming detailed reports. In this analysis of Bitcoin cycles, the cycle's...