yogamarc

yogamarc

I was looking at BTC vs the circulating money supply on linear, and 2 things struck me. Firstly that the base trend line from the start of the 2017 run has been tagged (almost), and secondly, from an elliot wave perspective, everything since the 2017 high looks like the formation of a massive triangle consolidation pattern…. Traditionally a wave 4 pattern. Which...

yogamarc

It only shows up on Daily or below... it shows on all the totals, but not on all of my tradingview charts.... really weird. A Glitch or Santa getting ready to dish out a rally :-) ?

yogamarc

A lot of people are saying that this bull run is more like the 2013 one rather that 2017... And just because I found the tool, and I like a bit of daydreaming, I superimposed the 2013 bull run from its inception to the run we are currently in, looking to match up proportions of where we are likely to be (based on the fractal chart patterns) ... The outcome led to...

yogamarc

The monthly close at 0:00 tonight UK time will decide whether we print a gravestone doji, shooting star, or something that means BTC continues on its bullrun... I think we are all feeling alt season is at least starting its engine, but after a small dump, if BTC ranges for a few weeks, that will give everyone time to get into the chaos of alts before BTC takes...

yogamarc

I zoomed out again and checked the FIBS, and have revised my idea of where sub-wave 3 of the bigger wave 3 (from March 2020) ends ... I believe is it the 24.3K December peak and i think this because that would make sub-wave 3 a 1.618 extension of sub-wave 1. The retrace in December was at 0.147 ... 15% correction is small but on a 4 wave during a super-bull...

yogamarc

It seems outrageous, but the FIBS don't lie ! :-) I have been working the fibs on both a micro and macro level, and it seems to me we are about to launch the 5th sub wave of the third bigger wave that began with an impulse 1 wave from the 3K low of December 2019. If the fibs play out as they have done so far wave 5 will get to 56.9K - that might be it, but I...

yogamarc

On the left - 2017 as we made new highs - on the right where we are right now! If the fractal pattern and the fibs repeat as they have so far, this takes us to 145K for the peak. Turbulent days ahead - lets make them happy ones and ride the waves well

yogamarc

I've been bearish on the s&p and dow for a while now, and had a couple of stings when it jumped after i was expecting it to drop, but if my basic premise is right, what we are approaching isn't so much a market crash, as a longer term ranging correction (that could none-the-less have some violent turns in it). Everything is weighing up to the way-overbought...

yogamarc Updated 

my guess would be a touch on the 200 weekly MA, to make the B wave minor rally back to current levels, which by then will be a touch on the 50w MA, then a drop to oversold for an 2008-style crash before the next proper uptrend on the S&P

yogamarc Updated 

and if it plays out, the numbers take the drop to around 1226 ~ which is the retracement to 0.618 of the beginning-of-the-month's rally

yogamarc Updated 

i am new to this stuff but i see patterns all over the place... this says bullish right?

yogamarc Updated 

Looks like its about to complete the C part of the correction wave if I've read it right. There's enough pips in it with minimal risk to give it a go i think.

yogamarc

I'm still heavily bearish on the S&P longterm, but it is showing signs of bit of positive divergence on the H1 having bounced for a third time on the 2621 level (I took profit on the touch). So it might just have another go at the Santa Clause rally before dive bombing to the change-of-the-world levels that will have to come at some point (even if its not til...

yogamarc Updated 

i like trading the spx at the moment because of its volatility, I would imagine it is very likely to shoot up one more time at some point like it does every year around Christmas and New Year, and i don't want to be the harbinger of doom, but the RSI divergence created over the last year looks deeply ominous to me. When i first saw it and squiggled it out on...

yogamarc

looks like gold is completing its original inv H&s pattern - cracked thru the 50% levels, which in my book probably takes past the 618 level to last summer's high of 1261 or so...

yogamarc

The first inverse Head and shoulders failed yesterday, but it looks to me that it is forming a smaller one to have a second go, if so we will head back to the 1240 levels i think. I'm way ahead of it so its a wait and see how it responds around the small right shoulder level when we get there.

yogamarc

was looking at the SPX500 -am bearish so might be biased, but i think i see a puking camel forming. Anyone else see it?

yogamarc

I'm a total amateur at this stuff but i think i just spotted an elliot wave inverted triangle bull signal on my favourite yellow metal ... what you think? I would guess tp1 at 1251 if this is right