As you see Gold spot prices (XAUUSD) broke below their dominant Channel Up pattern of December but this didn't turn out to be a bearish signal as the very same bullish (break-out) flag was formed in October's Channel Up. The Bull Flag (black channel) eventually recovered the 4H MA50 (blue trend-line) and broke upwards, above the 1834 Symmetrical Resistance and...
Following our most recent DAX update, the price did eventually yield to its signs of exhaustion and pulled-back: The pull-back extended as low as the 1D MA50 (blue trend-line) yesterday where it found support and is rebounding today. This could be a short-term buy signal again, the technical overlay was explained on the previous update. As you see this is...
S&P500 has made a strong rebound yesterday (big wick on the 1D candle) after reaching exactly as low as both the Higher Lows trend-line (dashed line) of December 03 and the 1D MA100 (green trend-line). This is a Double Support Event. The 1D RSI at the same time made a Double Bottom similar to previous bottom formation sequences within the 2021 Channel Up and is...
Well the title basically sets the question right. A comparison of Bitcoin's current Falling Wedge with the previous one that lasted throughout the whole month of September, reveals many similarities. I've marked the legs with numbers with (1) being the Initial Big drop that kickstarts the Falling Wedge (with the Ichimoku green), (2) the fake break above the Wedge...
Dow hit today the 1D MA50 (blue trend-line) for the first time since December 22. Within the 2021 Channel Up, this is a symmetrical support level both on RSI terms and from a price perspective with the Support Zone being within the 1D MA50 and the 1D MA100 (green trend-line). The sequence resembles a lot the July 08 - 19 fractal. The bottom was achieved exactly...
Nasdaq is giving a double long-term buy signal as besides the RSI on the 1D time-frame entering the Buy Zone that has been in effect since the March 2020 market crash, the price itself hit the Higher Lows trend-line that has been holding since the November 2020 U.S. elections bottom. The 1D MA200 (orange trend-line) is right below as it was on all 3 major bottoms...
It is not the first time of course that I compare the current market lows to the lows/ bottom of June - July 2021 (look for my previous studies, there are many on that subject). However it is the first time that I do so by using two unique indicators the VMC Cipher_A (courtesy of vumanchu) and MarketCipher B (courtesy of Crypto_Spike) with some adjustments. I've...
The pair has stayed sideways on a 50 day time-frame (since November 16) but bullish on Higher Highs and Higher Lows (since December 15) hence forming a Channel Up. My outlook is unchanged and ahead of the Nonfarm Payrolls today, the market has the catalyst that will introduce liquidity and help break-out. On December 31, EURUSD got rejected exactly on the 1D MA50...
Basically after yesterday's fall, Bitcoin is as close to the 2021 bottom fractals as it can ever get. Even though I've made similar comparisons in the past, it might be a good time to refresh them, as this analysis will show that Bitcoin currently shares many similarities with both the late September 2021 bottom but mostly the late June - July 2021 bottom...
I haven't updated my SPX outlook every since predicting that perfect buy on the 1D MA100 (green trend-line) on December 20: Right now a new (short-term this time) opportunity arises as the index hit today its 1D MA50 (blue trend-line). The chart above (1D time-frame) shows that, on this Channel Up that held for the whole 2021, after every 1D MA100 bottom, the...
I've been bullish on DAX for a very long time as the Rising Wedge and Channel Up patterns prompted to Higher Highs ever since April 2021: However, the German index seems to be forming a pattern that based also on the 1D CCI, was previously seen just before market tops (i.e. Higher Highs on the pattern). As this 1D chart shows, the price just entered the CCI...
Following the big reception and positive comments on my most recent Bitcoin correlation analysis (with the U.S. Dollar Index and the S&P500), as shown below, I've decided to make another one, this time with the United States 10 Year Government Bonds Yield (U.S.10Y). Keep up showing me your interest on such ideas with your likes and comments, and I will make sure...
Everything went according to plan since my last update on Dow Jones as we accurately caught the December 20 bottom and today the 37000 target has been almost hit, so it might be a could idea to book medium-term profits: I have to update our outlook now as a new pattern may emerge as per the late 2020 price action. That is an Accumulation Cylinder (as per...
I haven't updated my NDX outlook since December 17 but so far it appears to be trading according to plan after accurately catching that bottom: Today the index made contact with the 1D MA50 again (blue trend-line) and that's a pattern we've seen before twice within this multi-month Channel Up on the chart. As you see, every time Nasdaq approaches the...
Gold experienced strong selling yesterday on the 4H time-frame, which technically was the result of the Channel Up making a Higher High. So far the pull-back has stopped on the 4H MA200 (orange trend-line) and as it holds, at the same time the RSI bounced on its 1 month Support Zone. This creates buy conditions again. Technically it appears to be forming a...
As unusual as it may be to chart an asset on the 2D time-frame, on this particular occasion, it serves Bitcoin a great deal at assessing the current market situation. I will keep it short as the points this approach makes are few but clear. As the bottom we have the (2D) RSI indicator which has a Higher Lows trend-line that offers Support since the late November...
As 2021 comes to an end, we can make a review of how the year went and attempt to project how 2022 might be like for Bitcoin. In this attempt, I've charted BTCUSD (orange trend-line) against the U.S. Dollar Index/ DXY (green trend-line) and the S&P500 (blue trend-line). As you see, based on the correlations of those, BTC can be divided into phases of Bull...
I have never made an analysis on the 1W time-frame for my crypto-gem, the NewsCrypto Coin. Until now I never needed to but the emergence of the 1W MA100 on the field is too important to ignore and wanted to share with you this unique buy opportunity. On top of that, major announcements have been made today, all of which I analyze below. ** Technical Analysis **...