at what stage of the cycle are we?
let's look at the NVT indicator.
I calculated the price and time peak price using a mathematical calculation based on previous peaks.
What you think about it?
Sry for bad English :D
I thought it was time to make a longterm chart, with all these wrong charts going around, hehe.
They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue...
Hello Trader & investor
Here we are Again long on #xauusd
recent on my buy call you can see we have been enter gold long around $1210 Level
and Now Trading at $1300 Level
If u are holding long according our long target can hold
or if are looking for fresh position
can take fresh long or add long at $1298
with SL of $1275
for Target $1345---$1375 and once...
So yes, BTC is apparently bullisher than I thought, at least short-term, because longterm I'm always a BTC uber bull :)
But short-term, I had several reasons to think that a weekly capitulation bar was very likely:
1. Too much bullishness and optimism (contrarian indicator)
2. Number of daily transactions still below ATH (although now finally approaching ATH...
Hello Successful Traders,
The stock (OTLK) manifests the opportunity of a bullish upside, considering the previous con-test (and infiltration) for an all time low. A correction is a viable observation, considering the current reverse stop split (limiting the amount of stocks prevalent) there may increased demand (resulting in price spike). Await for confirmation...
Here's my modest attempt to identify S&P 500 Supercycles.
The chart shows the S&P 500 (monthly bars) since 1872 on a log scale.
Maybe it is not as bad as they say, and we are currently "just" in the Supercycle Wave 2.
Before us would be the longest Wave 3. Hopefully that's true. I can dream, can't I? ;-)
This is an update to my earlier post:
When I shared that chart, I emphasized that it was merely enternainment and it didn't have any predictive value to me, AT ALL. I still have this point of view. Even though it might work out in the end, it must be understood that what...
NANO is one of those Crypto coins that would see a much higher gain if BTC does as it is expected.
BTC today stayed under $5800 which showed the resistance under $6000 is not easy to break.
Nano would see a much better day once we see BTC break $6000.
Hello Successful Investors,
The stock (VIVE) has been quite a controversial stock, as even though the overall performance (since it's IPO) has been quite alarming, their appears to be quite a hefty protocol in place to rejuvenate investor sentiment and stimulate company price. Considering the recent report of initial Quarterly Earnings, they do appear to be...
Hello Friendly Traders,
The stock (RBZ) has none-the-less attempted to infiltrate Support Level 1 to push for a new (all - time) 52 week low. Be diligent and acknowledge various variables that can either confirm the imminent continuation or a significant reversal pattern.
Resistance Level 2 - (83.35 - 83.75) 40 cent interval
Resistance Level 1 - (38.90 -...
It's time for another view at the longterm picture, and for that, we must zoom out again to the monthly timeframe.
It is apparent that this structure here is a bit different from the last bearmarkets.
The subsequent bullmarket could therefore also be different.
I think that BTC cycles are getting longer.
One must think of BTC as a physical pendulum. The more...
Hello crypto traders and hodlers,
i have a great info for each of you :)
The golden cross is really near and this means we turning the trend longterm in the bullish direction!
This doesn´t mean that the price would never go more down, it´s more than likely that we generate a double bottom (near 3.100, +/- 500 USD).
So if you want to go for the longterm hold...
With all that doomsday feeling going around, I thought I'd update my older longterm chart, with updated, more precise price action.
It still seems that the bottom will be in the low 2000s area, sometime in march/april 2019, then a longer flat period, before the next bullrun.
This time, I looked at the ratio of the previous ATHs to each other, the factors are...
BTCUSD seems to be in a pullback phase of its second setup bull leg. The first bullish impulse leg got retraced around 85%, same retracement level applied to the current bullish leg lands us around $3200. Judging from the previous behaviour of this pair, if its historical dynamics are repeated, the ultimate demand area can be expected around $3500-$4500. If the...