My most recent MATICUSD analysis was on the short-term, where the Channel Up patterns accurately illustrated a target for us: Now that this short-term 3.000 target was hit, I am shifting my focus on the longer-term correlations. With the use of the CCI on the 1D time-frame, I've spotted this fractal which if repeated, will be extremely bullish for MATIC. As...
I have posted a LUNAUSD analysis earlier this month (Dec 02) but due to the latest market volatility, it is a good time to update it: As you see that pattern above played out almost exactly as planned as the price initially broke out then pulled-back to the 1.0 Fib and rallied strongly above $100.00 up until the last few days. The obvious dominant pattern is...
This is a (very) long-term chart of GBPUSD on a multi-decade long basis on the 1M time-frame, as I want to make a clear case why, despite of December's rise, the pair will remain a 'sell' during the majority at least of 2022. I've plotted the Sine Waves to illustrate the sense of long-term Cycles on this pair. As you see, for the past 20 years at least (since...
Bitcoin is printing a pattern on the 1D time-frame which previously turned out to be a bullish break-out, namely during late July - early August 2021 and mid April 2020. As the charts above show, on all occasions, there is a Lower Highs trend-line involved which acts as a Pivot Level. Right now BTC testing that Lower Highs trend-line (that started from its...
With EURUSD trading sideways within a Triangle on the 1D time-frame ever since the November 24 bottom, it helps our perspective if we zoom out on to the wider time-frames. I am using the 1W in particular (right side), which captures the price action since January 2020 (2 year price action). The indicator I use to compliment the price action is the CCI. As the 1D...
Polkadot had a brutal rejection yesterday just below the 1D MA50 (blue trend-line). Being on a corrective wave since the November (All Time) High, the price needs to reclaim that trend-line as failure to so has brought in the past a Lower Low. The obvious comparison is May-June-July 2021. On June 03 the price failed to break above the 1D MA50 and that resulted in...
It is possible that ETH is replicating a pattern of its previous Cycle that eventually led to its market top. That is the green Triangle formation of March - September 2016. What followed after was a corrective mini-phase outside the Triangle that extended for roughly 9 - 10 weeks and only found Support on the previous Low. This time Ethereum broke above the...
On this analysis I compare the S&P500 index' price action from the post March 2020 crash against the period of January 2013 - December 2015. The reason is the one thing those two have in common: the end of Quantitative Easing (QE) eras. As the chart shows, the two sequences has been fairly similar as they started by posting strong growth on the basis of...
Well I've been tracking and trading the pattern you see on this chart for over a month and the very last formations have played out particularly well: Right now WTI is ahead of the first important test of this uptrend, the 1D MA50 (blue trend-line) which is currently posing as a Resistance. If that breaks, we have a strong case of a bullish continuation....
Gold appears to have priced the bottom two weeks ago on the medium-term Channel Up on the 4H time-frame and is now ready to break upwards for a new Higher High. The confirmation signal for this rise could be the 4H Golden Cross (when the 4H MA50 (blue trend-line) crosses above the 4h MA200 (orange trend-line). This is technically a very bullish formation. As...
This is a direct reference and extension of my "Rally kickstart test" analysis I've published two weeks ago: As you see, Bitcoin did indeed find Support and closed a 1W candle above the 1W MA50 (blue trend-line), which completed the first condition for the new parabolic rally to start. The second is of course the 1D MA50 (grey trend-line) which if broken, it...
This is not the first time I use the Pitchfork tool on Bitcoin and certainly it won't be the last as despite not being a popular indicator among traders, it has proven to me how effective it can be, even on the long-term at projecting Bitcoin trends. Last time I published such an analysis was on May 21: See how accurately the price has been trading within the...
GBPUSD has been trading within a Channel Down since May 2021. It is about to test the 1D MA50 (blue trend-line), being the closest to it since breaking below it on October 29. As per the July 21 - 29 rebound, the Resistance on this rally is the 0.618 Fibonacci retracement level at 1.3580. A break above this level, will most likely not be contained within the...
Cosmos is on a strong weekly rise that brought it above its 1D MA50 (blue trend-line) again. The important level to watch is the 1D MA100 (green trend-line). The reason is the following: Every time ATOMUSD broke above its 1D MA100 following a 1D MA50/ MA100 Bearish Cross, a rally started to at least the next +0.5 Fibonacci extension. Right now the price is...
Tezos has been one of the most consistent coins since the December 2018 market bottom, as it has been trading within a structured Channel Up with very clear dynamic bottom and top levels. As the chart (1D time-frame) shows, every Higher Lows of the Channel has been either at or slightly below the 0.618 Fibonacci retracement from the previous Higher High. At the...
I haven't updated SOLUSD since July and the upper break-out which gave me a $130 target: Well the target got quickly hit according to the Fibonacci levels provided with Solana trading within a Channel Down (blue pattern) ever since its November All Time High (ATH) and since December 04 has been trading entirely below its 1D MA50 (blue trend-line). This is not...
A lot of talk is being made lately about whether Bitcoin has made its peak and is entering a new Bea Cycle or not. In a previous long-term article, I've introduced the concept of how BTC behaves when new ATH is made without previously hitting the former Cycle Peak. On today's publication I plot alongside those 'Triangles' idea the 2Y MA Multiplier indicator in...
This chart is for the long-term investors. Being on the 1M (monthly) time-frame, AMZN has been trading within a Triangle (Ascending) since September 2020. This neutral mega-phase, has had many investors questioning whether the overbought state of early 2020 has made the stock lose its bullish dynamics. This pattern comparison with the previous neutral phase puts...