A ratio chart divides the value of the Nasdaq 100 by the value of (S&P 500+Dow 30+Russell 2000). The large spike in the blue line to the left illustrates how the NQ became so overvalued in relation to the S&P, the Dow, and the Russell.
If the ratio pulls back, I would say it may find its balance around the lower red line, after retracing the recent parabolic...
We might start to see longer term US bond weakness as the copper/gold ratio rebounds off the lower extreme of it's descending channel. In this example I'm using TLT, an ETF. These two have an inverse relationship and also correlate with the US dollar. Long term US bonds and the USD tend to have a positive correlation giving both a bearish outlook. This is more...
An interesting take on the Siacoin SC/BTC ratio and fractals:
Siacoin is fundamentally a good project with a talented dev team and one of the few coins I like with a use case other than a currency (decentralized cloud storage).
Yearly BBands on the daily have tightened to the point that volatility on long time frame is low. BBands opening...
Should be a fairly self-explanatory chart. Feel free to ask questions.
If BTC stays around $50k, that would mean ETH is about $3500 at this price target. I expect the ratio to fall off again from there, but who knows!
Pretty simple chart to follow.
- I have extracted the dates for the Bitcoin Golden Bul Run Ratios of 2017 and 2021 and plotted them here.
- Based on today's date and the % of time left until the end of 2021 $BTC bull run, we can see where we are on the 2017 $BTC bull run
- Next we can measure the % growth to the top in 2017 and apply to 2021 to see where we might end up
I had drawn up this chart not long ago, with 17.7 as a significant level of resistance where god might begin to outperform and allow it to catch up on the otherwise stellar performance of the DOW in comparison.. No way of knowing but with time!
we can see that the it seems over-extended, and that the stoch is turning down. It also might require a re-test of it's...
-Public sentiment for silver prices being too low compared to gold
-Currently sitting at 61.8% retracement on long term weekly chart
-Physical silver retail demand higher than normal
-Solar and EV industries increasing demand for physical silver
-Next major support level at 58.3, potentially putting silver in the $30-31 range
-Must watch the ellipse for...
Hello traders and investors!
Today we will talk about cryptocurrencies, specifically NEOUSD, its price action from technical standpoint and wave strcuture from Elliott Wave theory.
Well, we all know the king BTCUSD is in a massive rally, but this si mainly because of BTC.Dominance, while other weaker ALTcoins remains slow, sideways and under bearish pressure....
As my last idea showed, ETHBTC has bottomed out and we've held the line. It now looks like a potential inverse head and shoulders pattern.
A measured move will take the ratio to at least one of the two targets, assuming the pattern is confirmed with a breakout.
Exciting times for Ethereum!
Let me start off by saying I hold a very small position in Ethereum, and do not think that Bitcoin will be the currency of the future. However, I came across this built-in ratio and couldn't resist playing around with Fibonacci time-zones to see if anything interesting popped up. The (potential) results I came across shocked me, so I thought I'd share them here...
This bottoming action on previous strong support is very bullish.
We have put in a higher low, and CMF has been increasing for a while, with a higher low on that as well.
I expect BTC has also reached a top, so both pairs will likely decrease in USD price, but ETH will fall less than BTC .
If ETH makes a lower low from here, this idea is invalidated.
The institutional investors have being accumulating short positions since October 2020, now the price is located in a very important zone where a 1000 pip movement would be the maximum potential that I give to this short opportunity. This is the types of trades that could last several months.
ETH is brekaout out of a small hourly consolidation zone and off the parabolic trendline.
Watch for a break of that trendline though, as it will take us back to one of the two lower support zones.
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Ethereum is coming back to retest support at around 285, it should lag against BTC as people move from their pump and dumps back in to BTC. This is typical for the end of a run up/hype cycle in crypto.
I expect ETH to outperform BTC from then on out during this hopefully massive bull run.
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