kenloi

kenloi

Speculative idea and comparison here. Sure look's like it in terms of structure! Upward broadening, overextension breakout of resistance, and correction. pixiutrades.files.wordpress.com Things to watch before really diving into it... 13.7K and 11K. If you're impatient and need to know right now it seems like it's a range but this is a 7yr pattern at play. We...

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Wide look - 1994 - 2022 massive broadenings that can range 35-50% drawdowns. A widening in price indicating volatility triggered by macro and micro events. This year's high to low 25% or 1182 points on the SP500. On the daily inside this 8 month broadening pattern - while we've seen rally's and flushes, all it did was build up this pattern. Zero volume analysis...

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Look up that infamous "Wall Street Cheat Sheet, psychology of a market cycle" diagram The 4th stage is the markdown and downtrend. In the very first cycle it looks pretty textbook where stage 1 is a consolidation box but crypto does crypto things...by the time COVID came the stage 4 into stage 1 is a WIDE and volatile type of consolidation which lead to the 2nd...

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Another study on market cycles! Starting this study from COVID bottom, we look at the bigger cycle using the 200ma and the intermediate cycles with the 40ma. Currently - I see an intermediate stage 1 base which is both a diamond and range box breakout. stage 2 identified with a 40ma cross. Downward broadening channel break with another upward extended...

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A little misunderstood by most I think. Sometimes it's obvious DXY up, markets down and other times market up DXY not doing anything correlated but just ranging. It's not exactly always a 1:1 correlation but rather dependent on momentum and the consolidation phases. We already saw a big flush the last few days, naturally we could expect some sort of retracement...

kenloi Updated 

AUG 9th USDT.D analysis 5.96 was a big measured move from the previous bear flag and we can see 2 consolidations for a double bottom bounce. Big daily/weekly wedge to watch still especially with CPI data which will affect all markets likely tomorrow. It went sideways long enough after the bear flag break towards the right side and wedge resistance even though we...

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Range bound since June, perhaps this setup was to lead into CPI data? Currently at the 23k pivot line - short term upside 23,755, downside 22,518. The big upside could push to finally break that 24K resistance while downside can be several scenarios. 1. Bullish harmonic butterfly potential, the min and max extension shown, the minimum lining up with the lower...

kenloi Updated 

It could based on a measured move from a month long right angled broadening pattern but... It's been stalled in this range 1630-1815. In a different market this would have probably moved up on a big impulse move but that's not the case. Mostly ranging sideways here, currently I think it's pulled back on a bearish harmonic, with the measured target lower than here...

kenloi

Major changes since the last BTC structure thesis. Here's what I see currently... On log scale, an interesting 20K level pivot. The 2019 run broadening wedge measured move was 20K, now the diamond top breakdown measure is also 20K. On the diagonal fibs it is sitting at the 0.5 retrace with a wick on the weekly. Golden pocket areas throughout history were...

kenloi

3day chart - Almost a year long consolidation on DOGE! Currently sitting inside a daily demand turned supply zone (pivot here). If it can reclaim there's a possibility there's a test of resistance above which makes it very interesting. Above .1489 we could see a test of .1853 and below 1407 we could test demand of .1230. Historically we can see what kind of...

kenloi

3day chart - small pattern currently a bearish rising wedge setup with 2 days left to close. key to close above 40,792 for potential upside towards wedge resistance. larger pattern, potential h&s with a neckline towards lower 3d demand 31,900. potential diamond pattern as well for upside reversal towards golden pocket. few untested 3d supply above and finally a...