Pattern: 1H Channel Up, Higher Low at 1320.54. 4H Support at 1315.86. 1D Resistance at 1326.24, 1D Support at 1302.35. Signal: Bullish on the Higher Low and 4H Support. Target: 1350.
This analysis brings to center stage Bitcoin and the asset mostly linked with, Gold. On this chart, Bitcoin (the digital Gold) shows a quite similar behavioral pattern with Gold's bottom period of the 80s/ 90s bear cycle. What stands out is this identical +33.50% bounce on Gold and the subsequent Double Top followed by a slow decline before the major lift off....
Pattern: Head and Shoulders on 1H. Signal: Bullish after it made Double Bottom. Target: 1.13400 (the pattern's Head).
This pattern shows that BTCUSD is trading on its new long term support zone. Using the Ichimoku Cloud as a prime leading indicator, we can identify key trend signals and many similarities between Bitcoin's last two bear cycles (2014/15 and 2018/19). First of all the cloud's squeeze (October - December 2014 and September - November 2018) was a Sell Signal to the...
Pattern: Support test. Signal: Long. Target: 0.02800.
Pattern: Identical pattern occurrence. Signal: Bullish but enter on the next major pull back. Target: 79.800 (1D Resistance).
Pattern: Channel Down on 4H. Signal: Bearish as it was rejected on a Lower High. Target: 1.2750 (the next support on 1D).
Pattern: Rectangle on 1D. Signal: Bearish as the price hit the 3.0600 - 3.2141 resistance zone. Target: 2.3200, the upper support.
Pattern: Rectangle on 4H. Signal: Scalping inside the 1302.50 support and 1315.60 Resistance. Target: Short TP 1304.45, Long TP 1313.80.
Pattern: Channel Down on 1D. Signal: Bullish as the price rebounded near a Lower Low and 1.13300 broke (bullish confirmation). Target: TP1 1.14170. With TP1 locked go after TP2 1.14400.
Pattern: Neutral Zone due to High Volatility on 4H. Signal: Scalping. Target: Short TP 3515, Long TP 3705.
Simple Moving Average analysis shows that it is time to short SP500 again. The end of last year gave us a comfortable bounce on the 1W MA200 and this week a rejection on the 1D MA200. By simple MA terms, that is a strong short signal. Targets: 2640 and 2555.
Pattern: Channel Down on 4H. Signal: Short. Target: 1.12890 = the 1D support.
Pattern: Bullish Channel on 1D. Signal: Long as the price has approached the support (black solid line). Target: 5.8200.
Pattern: Channel Down on 4H. Signal: Short as the Lower High is made. Target: 0.28040.
Pattern: Channel Up on 1D. Signal: Long only if 83.175 breaks (because it will invalidate the short term Channel Down (dashed)). Target: 83.795.
This is a cross factor comparison between the S&P500 and the Civilian Unemplyment Rate. The latter can be used as a benchmark to anticipate the long term cyclical behavior of SPX within its market cycles. The conclusion is quite obvious. when the unemployment rate is low, a sell signal arises on SP500. When then unemployment rate is high, the index waves a buy...
Pattern: Channel Up on 4H. Signal: Long close to the Higher Low line. At worst the 4H Support. Target: 110.500.