The chart shows two recent and unprecedented occurrences that may lead to an outcome of equally unprecedented proportions. In the past year the money supply
peaked and is still negative over a year since
reached peak liquidity
Causes include the effects of the pandemic, asset conversions spurred by tax reforms and corporate buybacks, rising...
The neat thing about Cosmic Flow is that is lets you use one MA period for the resistance and another one for the support. Here we used the HMA with 50 bar resistance and 100 bar support to recognize a repeating pattern on the 1W chart, in combination with the Cosmic BB SR indicator. While these two indicators show that the price is now more bullish than it...
By combining the levels show by the 2 indicators Cosmic Flow and Cosmic BB SR it is possible to forecast the amount the price will drop (or rise) as shown with the vertical red arrows. The price is currently at a level it consecutively tested twice and were it to drop further a rough estimate for a short target using the current trajectory would be in the...
Although it is unclear from the chart points in which direction the price may move, the current proximity to a historical resistance level makes a short position with a small stop a good bet. The short target is set at the next major support level, the Cosmic Flow basis line.
