Seasonality is a phenomenon where price undergoes similar and predictable changes around the same period within every calendar year. These changes can happen in a specific meteorological season, growing season, quarter, month, holiday period or off-peak period. Seasonality typically happens in the commodity market. For example, there is a seasonal trend in the demand for heating oil, pushing prices higher when demand increases and lower when demand decreases. There is a seasonal trend in the supply of soybeans (related to sowing, growing and harvesting), influencing price and producing patterns along the way.
Seasonality can also be found in other markets, such as stocks, indices and Forex and there are usually fundamental reasons behind it. Finding seasonal patterns and using them to predict a trend, to filter trade ideas or to identify a tradable opportunity can give a trader an edge. Please note that individual years can vary and that seasonality itself can be subject to change. Whether it is used alone or in combination with other techniques, seasonality is a useful tool in a technical trader's toolbox.
A few options for the end of the bear market.
The white path appears to be most whale friendly and will be watching here.
Additionally, the green path would be most Alt Season friendly.
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...
I like to plot USDXXX and XXXUSD against DXY or Equally Weighted USD Indices like the EWI I prefer because then you can tell if the USD is devaluing faster than the other currency of the named pair, in this case MXN.
First thing I notice is the strong correlation. Even though quoted in USD a pair does not have to correlate that strong if the other currency is...
We're expecting a reversal at this pair since last week.
Price is trading in a channel, we can see a clear 2618 setup in the channel..
We plan to hold the position hoping downside breakout after we take the first profit
Waiting for your opinions and likes.
Good luck.
Used BITTREX:DOGEBTC as an indicator for altseason.
Put DOGE as an overlay on top of BTC and highlighted the altseason periods.
Then redrawed the BTC trend according to previous bull-run and highlighted the same altseason periods.
DXY trip top on the weekly is a strong signal for USD reversal. In my opinion USD was already devaluing for some time but large group of speculators have kept it high longer than ever expected.
On this chart also my preferred equally weighted index (EWI) of USD, which simply measures USD strength against the basket of major currencies, each equally weighted. This...
Hello friends and followers!
Today I bring some news...
...I will no longer be charting on this account.
Why you ask?
Since i started actively trading crypto in 2017 (have been involved since 2016) I have been on a journey - and this tradingview account has been a journey as well.
I'm known for my sometimes elaborate charts, many of them strangely following my...
BTCUSD like XAUUSD and WTIUSD and others are all quoted in USD, in the form of XXXUSD. Because of USD devaluation they will likely all rise unless the underlying commodity, currency, financial instrument or derivative loses more value than USD.
It is simple math really. Like having 6 / 3 = 2.
For example if Gold (XAU) would be of value 6 and USD the value of 3...
This chart is comparing the equally weighted index of CAD with UJ. The main chart symbol looks like a long list of currency pairs but actually I compare only two things here.
1) CAD strength against the basket of other majors, USD, JPY, EUR, GBP, CHF, AUD & NZD. Indicated as the black line and titled CAD IDX.
2) USDJPY (UJ), the bar chart.
The UJ seasonality...
MCOA, a star (or was it THE star?) of the 2016 MJ season with 5000% gains is painting a really beautiful pennant setup on the monthly with that 5000% gain as its flagpole. (Pennant TA says an upward breakout of pennant has a target equal to the flagpole height. Flagpole must be high volume and pennant must be declining volume. Breakout must be high volume.) Many...
Look for tomorrow's GDP entry opportunity!
Bearish MMM cycle done, let's rise with the WVV bullish cycle in FX_IDC:XAUUSD FX_IDC:XAUUSD
Add me on telegram t.me
Regards!
Bruno
If weekly close is above inner-most volatility band - Market is in a Bullish Trend
If weekly close is inside the inner-most volatility band - Market is in a Transition
If weekly close is bellow the inner-most volatility band - Market is in a Bearish Trend
Credit: Mike Turner
TSX:PEY appeared on my screener for a MACD crossover play. I applied Gann box and it looks like we are coming up on a critical point with the potential for the move upwards.
I have shown the 48 Day periods which is part of Gann's 192-day cycle to see if there are any points of reversals and it lines up pretty nicely. It appears that we just passed a 48 Day point...
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