Bitcoin (BTCUSD) broke its All Time High (ATH) this month, making history once again. The quest for the rest of the month is to close the March 1M candle above the previous ATH (69000). Why is this important? Because every time it did so in the past on each and every Cycle, the price never looked back and it entered the most aggressive part of the Bull Cycle: the...
In the infamous words of Mark Twain, we are analyzing today the S&P500 index (SPX) on the long-term 1W time-frame. This is a cyclical perspective obviously, attempting to find similarities between past and present price action, in anticipation of projecting the trend in the near future. As you can see, the index is replicating quite closely the 1W price action...
Two weeks ago (March 07 2024, see chart below) we explored the possibility of Gold (XAUUSD) starting a new cyclical Mega Rally on the 1W time-frame after the recent bounce on the 1W MA50 (blue trend-line): This has turned out to be the reality as Gold closed a 1W candle above the Resistance Zone. That is the first signal of the start of the new Mega Cycle and...
Bitcoin (BTCUSD) is at the early stages of a new parabolic rally, similar to January - March, as a key bullish development took place. The 1D RSI hit the 50.00 neutral (middle) level for the first time since breaking above it on January 26 2024 and rebounded, while keeping the 1D MA50 (blue trend-line) intact. This is a strong bullish signal for the Bull Cycle....
Partisia Blockchain's (a Web3 public blockchain built for trust, transparency, privacy and sub-second finalization time) listed its MPCUSDT token on multiple exchanges since yesterday. The buzz around it is strong so we took a look at its price action and discovered a potential crypto gem behind it. ** Technical Analysis ** The best time to buy such a token is...
Fetch.ai (FETUSD) easily hit our last $1.80 target that we set 4 months ago (November 20 2023, see chart below) when the price was still only 0.57: That completed the 2nd wave of the (dotted) Channel Up that started on the November 22 2022 market bottom, which was a Higher Low on the wider, historic Channel Up that goes back to 2020. Now that the 1.5...
Visa (V) has been trading within a long-term Channel up pattern since the October 13 2022 Low. The 1D MA50 (blue trend-line) has been in support of the latest Bullish Leg since November 02 2023, so there is a long-time that the stock hasn't given a healthy pull-back for medium-term buying. This has come in the past in the form of an approximately -8.00%...
This is an update to our analysis 3 months ago (December 18 2023, see chart below) where we called for a Resistance bullish break-out and buy on the next 1D MA50 (blue trend-line) contact: Even though the pull-back dipped some more, the index still followed our projection on a rough scale. The long-term pattern remains a Channel Up but due to some relative...
The EURGBP pair formed a Double Bottom on the March 08 Low but is being restricted (and fail to close a 1D candle) successively below the 1D MA50 (blue trend-line). With the 1D RSI on Higher Lows, i.e. a Bullish Divergence, we expect a rebound towards the 0.5 Fibonacci level, similar to the sequence that followed the August 23 2023 Double Bottom. Our target is...
The AUDUSD pair is forming today a 1D Death Cross, as the 1D MA50 (blue trend-line) is crossing below the 1D MA200 (orange trend-line), for the first time in 11 months (since April 14 2023). Obviously it is a major technical sell signal and in fact the price action since the start of the year (Channel Down), is very similar to the one of early 2023. The 1D RSI...
Bitcoin (BTCUSD) is having so far its strongest correction (almost -15%) in 2 months (since the January 23 2024 Low) with the 1D RSI turning neutral (was overbought last week) after forming Lower Highs (i.e. a Bearish Divergence). The dominant pattern is still a Channel Up, supported by the 1D MA50 (blue trend-line) and last time we saw such an RSI Bearish...
Avalanche (AVAXUSD) has been trading within a Channel Up since the October 19 2023 Low and at the moment is halfway through its 2nd Bullish Leg of the sequence. So far it has been replicating to a fair extent the previous Leg, trading above the 1D MA50 (blue trend-line), which shouldn't be touched again before the next peak. If it continues to repeat the...
Eli Lilly (LLY) has basically turned sideways since the February 16 High. The dominant pattern is a Channel Up since the March 07 2023 Low and can be divided into 3 Bullish Waves that delivered rallies between +45% and +52%. Every time the price hit the 1D MA50 (blue trend-line), it was a buy opportunity. The 1D RSI in particular has a Buy Zone, which coincided...
The USDCHF pair is on very critical crossroads as for the past 5 weeks it has been testing the 1W MA50 (blue trend-line) but has so far failed to close a 1W candle above it. Going back to late September 2023, we can see that the 1W MA50 has been again tested for successive weeks, but again failed to close a candle above it. In fact the last time it did was back on...
The S&P500 (SPX) broke on Friday below the 4H MA50 (blue trend-line), which isn't yet a bearish confirmation as it has done so numerous time within December's Channel Up pattern. What would be a sell signal though, is getting rejected and fail to close a 4H candle above the 4H MA50 again. We will then look for the 4H MA200 (orange trend-line) and target Support 1...
Nasdaq (NDX) started a correction last week (see our March 12 idea below) which was after a rejection at the top of the multi-month Channel Up that transitioned into a Head and Shoulders (H&S) on the lower time-frames (4H) and broke below February's Channel: Despite the early bounce today, we don't expect this correction to be over, but won't be a lengthy one...
Dow Jones (DJI) had formed a Head and Shoulders (H&S) pattern on the 4H time-frame and ahead of the first 4H Death Cross in 7 months (since August 21 2023), the probability of a short-term correction seems stronger than ever. Technically H&S patterns target the 2.0 Fibonacci extension but we will settle for a slightly higher target on Support 1 at...
Gasoline (RBOB1!) is staging a short-term rebound towards the top of the (dotted) Channel Up ahead of a 1D Golden Cross. The 18-month pattern is a Channel Down and last time we saw those technical dynamics was during the previous Bullish Wave/ Channel Up that peaked on the 1.236 Fibonacci extension (April 12 2023) exactly on the Golden Cross and then corrected...