Following the new top on the Higher Highs trend-line of the multi-month Channel Up, the index got rejected and has been pulling back since. It is approaching the 1D MA50 (blue trend-line) which serves as a technical medium-term Support. If it holds then I expect a strong rally towards the 0.236 Fibonacci extension setting a personal target at 37000. See how the 1D...
This is Bitcoin on the 1W time-frame. I am using this long-term chart today because I found a unique formation occurrence that I want to share with you. As you see BTC is currently pulling back within a Channel Up that started after the July 2021 market bottom. The 1W MA50 (blue trend-line) is currently in support around $46500. The exact same Channel Up was last...
This is a quick update to the S&P500 analysis posted 10 days ago: As the plan suggested, the index continued to slowly rise just below the Higher Highs (top) trend-line of the 2021 Channel Up, following the late April/ early May fractal. Right now this is about to get completed, meaning that S&P may be ahead of a short-term technical correction towards the...
This is an update to the 30 day trading plan I published last week: Obviously as the condition of closing a 1D candle above the 1876 Symmetrical Resistance was not fulfilled, the bullish momentum failed and Gold got heavily rejected today. As mentioned on the trading plan, the natural Support is the 1D MA50 (blue trend-line) and as a 1D Golden Cross is...
I rarely do short-term analyses on my crypto gem, the NWCUSDT, but this is too good to pass and want to share it with you. ** Technical Analysis ** NewsCrypto on the 4H time-frame has been repeating a very steady pattern since late September as it consolidates waiting for the huge end-of-the-year parabolic rally. As you see on the chart, every time it forms...
I've been among the first to compare Bitcoin's Cycles through the spectrum of divergence and convergence with the most recent one being in June: You may see more examples of my methodology on this at the end of this analysis. On the current one I simply compare the last year of the 2017 Bull Cycle with the 2021 phase of the Bull Cycle. The similarities are...
In fact the RSI on the weekly (1W) time-frame, which is now around 28.25, hasn't been that low since the April 06 2015 weekly candle. That alone shows just how oversold the EURUSD pair is at the moment, even on the long-term scale. This doesn't mean that it is time for the dominant yearly trend to shift from bearish to bullish (has been bearish for the whole...
I haven't updated my 10Y Bond Yield outlook in almost a month, ever since calling the top and the potential of a bearish reversal: The top successfully took place and the rejection gave way to the reversal on which the price has been trading until now. The similarities with the March - May formation remain and have even become stronger. As you see there is a...
It was exactly one month ago (October 19) when I reversed my bullish thesis on WTI Crude Oil, calling for a top and a reversal: As you see, the top got priced exactly on the March Higher Highs trend-line and the rejection successfully took place. Even early into November, the Lower Highs peak formation was clear: Back to today. In my firm's outlook,...
This is a comparison of Bitcoin's three major Cycles: The current one (2018 - 2021), the second (2014 - 2017) and the first (2011 - 2013). As you see each Cycle starts with its Bear Cycle, with the second and the current one making a bottom on the 1W MA200 (orange trend-line) and then starting the first phase of the Bull Cycle. The 1W MA50 (blue trend-line)...
It's been a while since I updated my Gold thesis. My last post was a short-term bullish trade on 4H: That target has been achieved and now we have to switch back to 1D for a more effective evaluation of the current trend. Obviously that is bullish as not only has Gold (XAUUSD) been rising non-stop since the September 29 low but more importantly at the start...
EURUSD has hit (and marginally broken) the Lower Lows trend-line of the June Channel Down. There is a strong buy signal emerging after quite some time but the one main condition is that the price should always close 1D candles inside the Channel. As long as it does and given that the RSI just hit its 6 month Support Zone, it is more likely for the pair to bounce...
I rarely compare two coins against one another but this one is worth the effort as I believe it will help long-term investors decide where the majority of their portfolio should be invested in. In doing so, I will apply both technical and fundamental analysis in my attempt to explain why I think that the KuCoin token (KCSUSDT) is worth investing more than the...
Exactly two months ago by making use of Natural Gas' clear long-term cycles, I called for a potential Top of the current Cycle after the formation of a Golden Cross on the 1W time-frame: Even though the price rose a bit more, the peak was made shortly after. This time I am narrowing the horizon to 5-6 years and as you see the Cycle's peak was made exactly on...
The U.S. Dollar Index's long-term Cycles aren't a mystery. I've posted quite a few analyses on its long-term cyclical behavior including those below: This time, having broken above the 1W MA200 (orange trend-line) and all short-term patterns, it is time to look at the long-term indicators once more. The most important of those is the RSI on the 1W...
This is a quick short-term update on BTCUSD as the price hit the 1D MA50 (blue trend-line) for the first time since October 01. In doing so, it established the presence of a Channel Up (blue) that has been trading inside since the October 20 High. This gives rise to 2 scenarios: a) Either the 1D MA50 holds and sustains the Channel Up whose upper break-out will...
Another simple yet very informative chart, this time for Gold. This is a decade-wide illustration of Gold against the Consumer Price Index (CPI) for all urban consumers as measured by the Federal Reserve Economic Data (FRED). This is one of the strongest inflation readings. The ratio shows a Giant Cup and Handle (C&H) formation that started in 1980 and was...
This is a simple yet very interesting chart illustrating the Nasdaq-to-S&P500 ratio since the 1980s. As you see after a price stabilization in the 1980s, the ratio started to rise but steadily within a Channel Up since 1998. That was when the tech index (Nasdaq) took off fueled by the dot.com mania on a 2 year rally that eventually led to the dot.com crash of...