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.
Possible UJ Seasonality opening bell will play scenario 1 and other if JPY overpowers GBP then UJ seasonality will be postponed.
Examples on how this may play are visible earlier around August 9 and 13, see the tag numbers 2 and 1 respectively.
GBP is likely going to strengthen a bit more while JPY is devaluing, leading to a mini crash of JPY which is causing GJ...
There is a clear cyclicality of actions, in the near future we can expect good volatility within the white support line and burgundy resistance line.
Closer to the halving, we should expect the next bullish rally as it was in the previous two times.
The S&P500 (and all other major US indices) experienced some (nice?!) whipsaws last week: Neither the bulls nor bears won. Whatever the future may exactly hold, the recent price action is very confusing and still, believe it or not, range bound. I've seen more ways to Elliott wave count the price action over the last two weeks, which in the end IMHO means it is...
ZCK2020-ZCU2019
Spreads on corn futures almost reaching Take Profit.
Spreads are one of the most profitable forms of trading there are thanks to the statistical advantage on the seasonality of commodities.
If done respecting the rules of operation, you get on average a Winrate of 87% with a Risk Reward of 2/1.
Joe Ross is my greatest master in this field.
i copied the price action from the purple flag and paste the price movement to where price is now.
key areas
18,0786 which is going to be our double top range
17,1370-17,2748 our consolidation area then we buy
18,0700 buy target and also sell area
Price has broken the uptrend. The trend has changed to a downtrend. Trading in the downward channel. All levels and channel on the chart. The price breaking through the downward channel and fixing above it can mean a temporary change in trend.
Trend lines are drawn on the chart between support and resistance. The top trend line connects price highs. The bottom...
In January I posted a lighter version of this chart, with less symbols on one chart. A have to admit it turned out a bit like a can of worms but just because of the many markets comparing it gets more interesting in my opinion.
Between January and now and adjusted my Gold expectations and it does perform even better than I expected it would do at first. This...
In the first ever post coming from BitOwned, I'm going to drop some knowledge. This is something I kept secret for me and some select people that have been chasing with me the next altcoins bull market.
All this until today, when I decided to share the knowledge with you and everyone who would like to join our community and be part of this group.
If you're...
Looking at GBP and CAD equally weighted indices alone already, something tells me GBPCAD is heading for an uptrend.
This combined with the knowledge of UJ seasonality state of the market I reckon we have a high chance for a GC reversal at this price level.
Hello everyone.
Part 2 of my humble analysis on the current cycle.
In the last article, I used some data to help understand when the Alt seasons occurred in the past, and -hopefully- when to expect them.
In this new article, I'd like to show how the halving has affected prices in the past, in the hopes that it can help predict the next cycle.
All this analysis...
I'm a noob so looking for feed back.
A lot of Alts have macro falling wedge set ups.. you think this could mean BTC is in consolidation for some months to come and Alt season kicks off?
On the daily timeframe USOIL may be used as a leading indicator for CJ. There is a few days lag between the two as Japan be the net importer of oil and Canada a net producer of the same commodity. The correlation is pretty much consistent throughout the year as can be seen from the correlation coefficient indicator below as well.
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