Daily Checklist Before The Market Opens | Apr 26 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 2 out of 5.82
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 105.42-99.88
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 52.86%
🚀Daily Expected Move: ±3.28
🚀Weekly Expected Move: ±7.21
🚀Monthly Expected Move: ±15.01
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 5 out of 5.53
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2003.0-1962.7
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 19.47%
🚀Daily Expected Move: ±23.37
🚀Weekly Expected Move: ±51.45
🚀Monthly Expected Move: ±107.10
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 16 out of 4.75
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 103.960-101.555
🛸Buy UFOs: 100.675-99.810
3️⃣Options IV: 8.95%
🚀Daily Expected Move: ±0.57
🚀Weekly Expected Move: ±1.26
🚀Monthly Expected Move: ±2.63
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 13 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 47317.5-44345.0
🛸Buy UFOs: 32820.0-31615.0
3️⃣Options IV: 66.23%
🚀Daily Expected Move: ±1686.15
🚀Weekly Expected Move: ±3711.89
🚀Monthly Expected Move: ±7726.93
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Cycle
Daily Checklist Before The Market Opens | Apr 25 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 1 out of 5.82
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 105.42-99.88
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 51.15%
🚀Daily Expected Move: ±3.14
🚀Weekly Expected Move: ±6.91
🚀Monthly Expected Move: ±14.38
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 4 out of 5.53
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2003.0-1962.7
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 18.97%
🚀Daily Expected Move: ±22.84
🚀Weekly Expected Move: ±50.28
🚀Monthly Expected Move: ±104.67
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 15 out of 4.75
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 103.960-101.555
🛸Buy UFOs: 100.675-99.810
3️⃣Options IV: 9.10%
🚀Daily Expected Move: ±0.58
🚀Weekly Expected Move: ±1.28
🚀Monthly Expected Move: ±2.67
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 12 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 42842.5-38882.5
🛸Buy UFOs: 32820.0-31615.0
3️⃣Options IV: 67.63%
🚀Daily Expected Move: ±1641.49
🚀Weekly Expected Move: ±3613.57
🚀Monthly Expected Move: ±7522.25
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
XLM (stellar) price highs for 2022 and 2028I am using a Modified Schiff Pitchfork and an ascending channel to show the possible price targets for XLM on a weekly chart. You can see how XLM has been respecting these low points on both the ascending channel and the MSP (modified schiff pitchfork). This is extremely crucial to take notice of as xlm is respecting this bottom already three times (in 2017 $0.0018, 2020 $0.02, and 2022 $0.17) as shown by the yellow thumbs. XRP has a similar chart as XLM came out of Ripple's loins with Jed McCaleb at the helm. I am extremely bullish on this chart long-term. Can we break this channel? Most certainly we can break this to the downside as nothing is guaranteed but I highly doubt it, my opinion only.
Also, take notice of the top for xlm in 2017 hitting a high of $0.99 which represented a 51,000% increase. If we carry this over to the next possible cycle top for 2022 and 2028 we see a $99 price and into the thousands by 2028.
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used additional indicators that we have developed and released Open Source, you can find them at the end of the analysis.
Trend:
As described last week, exactly 7 days ago Kumo turned red and currently has a thickness of about 1.85%.
The market is in a downtrend situation - confirmed by Tenkan and Kijun and the price is below the Kumo, below the Tenkan on both daily and weekly timeframes - and has a sideways bias.
The Kijun Trend indicator always indicates the search for short positions.
Heikin-Ashi:
After three green candles, now a series of particularly "strong" red candles have taken the price in and below the Kumo, confirming a moment of indecision.
Supports and resistances:
- 75000.00 from Fibonacci
- 67000.00 from historical high
- 66001.41 from the all-time high of Chikou
- 51800.00-52600.00 from Ichimoku Flat/cusp areas of the Chikou
- 49000.00-51000.00 Fibonacci, Psychological Threshold and Kijun Weekly
- 44400.00-45600.00 by areas Ichimoku Flat/Chikou Cusps
- 41200.00 by Ichimoku Flat/Cuspid Chikou areas
- 39400.00 from Ichimoku Flat/Cuspid areas of Chikou
- 37000.00 from Ichimoku to Chikou Plains/Cuspid areas
- 35000.00 from Ichimoku Chikou flat/peak areas
- 33500.00 from Ichimoku Flat/Cuspid areas of Chikou
- 30300.00 by areas Ichimoku Flat/Cuspids of Chikou
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the daily time frame.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels still show us a long-term positive sentiment and puts the 0 on the upside at 75000.00. The price is back below the 0.618 level.
Conclusion:
BTC is in a downtrend with a sideways bias on the daily and weekly time frames. Last week's Kumo volatility, as indicated in concert by the various indicators and the Kumo itself, has turned from support to resistance.
The well-known exponential moving averages often used in the Crypto market on the 200, 50 and 20 periods also confirm the downtrend.
From a fundamental point of view, a bullish impulse is possible on the week to launch a BTC Spot ETF.
It is important to evaluate the closing of the week and during the week on the following price structures:
- Bullish: 41250.00
- Bearish: 39400.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased
- BTC dominance: Increased
- Price of BTC: Decreased
- Alt Cycle Expectation: Marked Downtrend ccc
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
XRP 2022/2023 and 2028 price points at cycle topsI am using the Modified Schiff Pitchfork to show the longer-term possibility of the XRP price. We are counting on a cycle top end of 2022/2023 and another in 2028. Taking the 68k % increase back in late 2013 or early 2014 if we apply another similar % increase for the next cycle top we could see between $400 for 2022 and $1250 for 2028 (if 2028 is the next cycle top for crypto in general).
Daily Checklist Before The Market Opens | Apr 22 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: NO
🎯Stats: 1 out of 6.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 115.54-108.68
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 49.86%
🚀Daily Expected Move: ±3.20
🚀Weekly Expected Move: ±7.05
🚀Monthly Expected Move: ±14.68
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 3 out of 5.53
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2003.0-1962.7
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 18.22%
🚀Daily Expected Move: ±22.32
🚀Weekly Expected Move: ±49.15
🚀Monthly Expected Move: ±102.31
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 14 out of 4.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 103.960-101.555
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 8.79%
🚀Daily Expected Move: ±0.56
🚀Weekly Expected Move: ±1.23
🚀Monthly Expected Move: ±2.56
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 11 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 47317.5-44345.0
🛸Buy UFOs: 32820.0-31615.0
3️⃣Options IV: 63.21%
🚀Daily Expected Move: ±1604.79
🚀Weekly Expected Move: ±3532.78
🚀Monthly Expected Move: ±7354.06
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Daily Checklist Before The Market Opens | Apr 21 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 2 out of 5.83
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 115.54-108.68
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 52.23%
🚀Daily Expected Move: ±3.40
🚀Weekly Expected Move: ±7.48
🚀Monthly Expected Move: ±15.57
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 2 out of 5.53
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2003.0-1962.7
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 18.15%
🚀Daily Expected Move: ±22.27
🚀Weekly Expected Move: ±49.02
🚀Monthly Expected Move: ±102.04
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 13 out of 4.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 101.045-100.680
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 8.30%
🚀Daily Expected Move: ±0.52
🚀Weekly Expected Move: ±1.15
🚀Monthly Expected Move: ±2.39
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 10 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 43980.0-42597.5
🛸Buy UFOs: 32820.0-31615.0
3️⃣Options IV: 64.54%
🚀Daily Expected Move: ±1721.59
🚀Weekly Expected Move: ±3789.91
🚀Monthly Expected Move: ±7889.34
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
GBPAUD Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPAUD currency pair based on the 480 minute timeframe.
From the Elliott Wave perspective, the price has completed the 5 wave impulse sequence down on April 5. From that point, we have been trading higher in a corrective formation which appears to be carving out a W, X, Y pattern.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 3 (green vertical line), and is projected to form a top on June 17.
Based on this, we can expect prices to move higher after the minor X (circle) is complete, which should be within the next few days or so at the latest. The price should continue until it reaches a distance equivalent to that traveled in wave W (circle).
If you find this analysis useful, make sure to press the “Like” button and Follow us.
Daily Checklist Before The Market Opens | Apr 20 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 1 out of 5.85
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 108.68-102.12
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 50.34%
🚀Daily Expected Move: ±3.26
🚀Weekly Expected Move: ±7.18
🚀Monthly Expected Move: ±14.96
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 1 out of 5.53
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2003.0-1962.7
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 18.19%
🚀Daily Expected Move: ±22.39
🚀Weekly Expected Move: ±49.30
🚀Monthly Expected Move: ±102.62
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 12 out of 4.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 103.960-101.555
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 8.54%
🚀Daily Expected Move: ±0.54
🚀Weekly Expected Move: ±1.19
🚀Monthly Expected Move: ±2.47
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 9 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 43980.0-42597.5
🛸Buy UFOs: 32820.0-31615.0
3️⃣Options IV: 64.69%
🚀Daily Expected Move: ±1690.65
🚀Weekly Expected Move: ±3721.80
🚀Monthly Expected Move: ±7747.54
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Daily Checklist Before The Market Opens | Apr 19 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 4 out of 6.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 115.54-108.68
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 50.94%
🚀Daily Expected Move: ±3.40
🚀Weekly Expected Move: ±7.48
🚀Monthly Expected Move: ±15.58
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 7 out of 6.16
2️⃣Buy and Sell UFOs
🛸Sell UFOs: -
🛸Buy UFOs: 1974.6-1942.9
3️⃣Options IV: 19.07%
🚀Daily Expected Move: ±23.79
🚀Weekly Expected Move: ±52.36
🚀Monthly Expected Move: ±109.00
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 11 out of 4.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 103.960-101.555
🛸Buy UFOs: 100.770-99.555
3️⃣Options IV: 8.98%
🚀Daily Expected Move: ±0.57
🚀Weekly Expected Move: ±1.26
🚀Monthly Expected Move: ±2.61
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 8 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 43980.0-42597.5
🛸Buy UFOs: 32820.0-31615.0
3️⃣Options IV: 63.73%
🚀Daily Expected Move: ±1637.46
🚀Weekly Expected Move: ±3604.70
🚀Monthly Expected Move: ±7503.79
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Daily Checklist Before The Market Opens | Apr 18 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 3 out of 6.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 115.54-108.68
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 53.38%
🚀Daily Expected Move: ±3.57
🚀Weekly Expected Move: ±7.85
🚀Monthly Expected Move: ±16.34
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 6 out of 6.16
2️⃣Buy and Sell UFOs
🛸Sell UFOs: -
🛸Buy UFOs: 1974.6-1942.9
3️⃣Options IV: 17.71%
🚀Daily Expected Move: ±22.23
🚀Weekly Expected Move: ±48.94
🚀Monthly Expected Move: ±101.88
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 10 out of 4.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 103.960-101.555
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 8.98%
🚀Daily Expected Move: ±0.57
🚀Weekly Expected Move: ±1.25
🚀Monthly Expected Move: ±2.61
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 7 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 43980.0-42597.5
🛸Buy UFOs: 32820.0-31615.0
3️⃣Options IV: 65.07%
🚀Daily Expected Move: ±1604.05
🚀Weekly Expected Move: ±3531.15
🚀Monthly Expected Move: ±7350.68
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used additional indicators that we have developed and released Open Source, you can find them at the end of the analysis.
Trend:
The Kumo is about to turn red today, having shrunk totally since last week. The Senkou Span B has increased and the Senkou Span A has decreased. The Kumo of the present day - however very thin - is acting as a price structure. The price is however now inside the Kumo a sign of uncertainty. Kijun is sideways.
Almost all lines both individually and in concert indicate a downtrend and price is not above Tenkan Weekly. Kijun and Tenkan, both on the daily and weekly timeframe indicate a downtrend.
The Kijun Trend indicator, which had anticipated last week's search for short positions, continues to be red.
Heikin-Ashi:
As last week, the Heikin-Ashi are always above the Kumo but have been red for a week now and are using the Kumo as support.
Supports and resistances:
- 75000.00 from Fibonacci
- 67000.00 from historical high
- 66001.41 from historical high of Chikou
- 51800.00-52600.00 from Ichimoku Flat/cusp areas of the Chikou
- 49000.00-51000.00 Fibonacci, Psychological Threshold and Kijun Weekly
- 44400.00-45600.00 by areas Ichimoku Flat/Chikou Cusps
- 40200.00-40800.00 from Ichimoku Flat/Chikou Cusp areas
- 30300.00 from Ichimoku Flat/Cuspid Chikou areas
- 37000.00 from Ichimoku Flat/Cuspid areas of Chikou
- 35000.00 from Ichimoku Flat/Cuspid areas of Chikou
- 33500.00 by Ichimoku Flat/Cuspid areas of Chikou
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the daily time frame.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels still show us a long-term positive sentiment and puts the 0 on the upside at 75000.00. The price is back below the 0.618 level.
Conclusion:
The BTC has indeed broken its ascent and after the Kijun Trend Indicator also the Kumo is performing the twist. Same situation on the weekly time frame. It is very important to monitor the price especially when it is inside the Kumo, which means unpredictability to observe if the Kumo itself will continue to act as support or if it will turn into resistance.
Also, referring to the well-known exponential moving averages often used in the Crypto market on the 200, 50 and 20 periods, the averages themselves performed a downward cut this week.
It is important to evaluate the closing of the week - especially for the Kumo Twist - and during the week on the following price structures, with emphasis on the sideways momentum:
- Bullish: 41200.00
- Bearish: 39400.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased
- BTC dominance: Decreased
- Price of BTC: Decreased
- Expectation of Alt cycle: Stable.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
Looking at EMA Ribbon on BTC 4 Year CycleWhen looking at the EMA Ribbon ribbon on the weekly chart over the course of BTC's history, you see clear and regular pattern. The yellow only crosses below 3 times: once each cycle after the all time high. Then the ribbon fully inverts leading into the cycle low, which comes 12 months after the cycle high. As of now, the yellow has crossed, but the ribbon has not yet fully inverted. Cycle low is on schedule for November.
Daily Checklist Before The Market Opens | Apr 13 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: NO
🎯Stats: 1 out of 6.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 115.54-108.68
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 55.25%
🚀Daily Expected Move: ±3.51
🚀Weekly Expected Move: ±7.73
🚀Monthly Expected Move: ±16.09
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 4 out of 6.16
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2015.1-1960.6
🛸Buy UFOs: 1974.6-1942.9
3️⃣Options IV: 19.37%
🚀Daily Expected Move: ±24.16
🚀Weekly Expected Move: ±53.20
🚀Monthly Expected Move: ±110.74
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 8 out of 4.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 103.960-101.555
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 8.67%
🚀Daily Expected Move: ±0.55
🚀Weekly Expected Move: ±1.21
🚀Monthly Expected Move: ±2.51
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 5 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 43980.0-42597.5
🛸Buy UFOs: 32820.0-31615.0
3️⃣Options IV: 66.83%
🚀Daily Expected Move: ±1685.43
🚀Weekly Expected Move: ±3710.31
🚀Monthly Expected Move: ±7723.62
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Daily Checklist Before The Market Opens | Apr 13 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 11 out of 5.84
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 105.59-99.88
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 54.81%
🚀Daily Expected Move: ±3.39
🚀Weekly Expected Move: ±7.47
🚀Monthly Expected Move: ±15.55
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 3 out of 6.16
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2015.1-1960.6
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 19.25%
🚀Daily Expected Move: ±23.75
🚀Weekly Expected Move: ±52.29
🚀Monthly Expected Move: ±108.86
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 7 out of 4.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 100.605-100.095
🛸Buy UFOs: 100.200-99.315
3️⃣Options IV: 8.82%
🚀Daily Expected Move: ±0.56
🚀Weekly Expected Move: ±1.22
🚀Monthly Expected Move: ±2.55
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 4 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 43980.0-42597.5
🛸Buy UFOs: 32820.0-31615.0
3️⃣Options IV: 67.62%
🚀Daily Expected Move: ±1712.06
🚀Weekly Expected Move: ±3768.93
🚀Monthly Expected Move: ±7845.66
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
BTCUSD Price Sitting on Bottom of Swing-Low Trend Line BUYThis is one of the best buys I think I've ever published; price action over the last 3 months wicked down to the red line we see here and quickly bounced; good support at this zone; going up 3k a month from here on out; at least that's my prediction.
Does it break this log scale chart?
My fundamental of economics doesn't suggest that it will until there is not exponential fiat currencies in circulation.
Mass adoption will be accelerated when 10% of crypto market cap is 25 trillion and half the worlds' wealth is equal to 250 trillion dollars. We still have 100x to go from here before it breaks this log chart.
BTC 4 year cycle projectionSame as my previous ideas, just added a few things to the chart. (Lines between high and low of each cycle are exact same angle and 83% price drop. This time around 83% drop at same angle would go to $12k in November.)
Just an idea on the seemingly regular cadence of the BTC 4 year cycle. I am basing my strategy on this. Short BTC to November rebalancing at support and resistance levels. When BTC hits the 200 week/50 month MA, and the RSI 30 weekly/44.5 monthly, switch long on BTC and long altcoins there as well, entering small position at first, because drop to $12 is possible, ready to average down. Then just regular rebalancing at support and resistance levels into Oct. 2025.
I've seen arguments that the BTC cycle is lengthening and there is another major run coming this year with blow off top, but I don't buy it.
1) The RSI has not bottomed out yet. Last two cycles, it bottomed 12 months after the cycle high.
2) There really isn't going to be a sudden super massive flood of new buyers entering the crypto market again so soon after the last one, and that's necessary to create a major run.
3) The BTC halving cycle, which the price cycle is based on, has not lengthened.
4) The price cycle, shown as a consistent cadence, rather than lengthening, matches up with highs and lows of the past few cycles with pretty high precision.
5) BTC has not revisited the 200 week/50 month ma. Last two cycles, did so 12 months after cycle high.
🔥 Bitcoin Following Sentiment Cycle: Bullish Move Ahead?Recently I've seen several people comparing the BTC price path to Justin Mamis' "Sentiment Cycle". If you compare the two images, you can clearly see that BTC has closely been following this pattern over the last few months, apart from a couple of small details.
I wanted to add some nuance to the discussion. Patterns like this one, and the Wyckoff patterns for example, are true until they aren't. Sounds simple, but its the truth. Patterns like these often need several confirmations before you can confidently say that an asset is following the pattern, and by that time the asset might decide to move the other way. Look at my Wyckoff accumulation pattern analysis below for an example.
Thing is, we're currently in a very difficult economic environment. Inflation hasn't been this high in 40 years and the FED is failing to combat it effectively, so more downside is definitely possible, which would invalidate the "Sentiment Cycle" pattern.
However, the "Sentiment Cycle" is definitely a possibility. We're currently in the ending stages of a long-term bull-cycle which started after the last crisis in 2008. Classically, bull-cycles like this one end with one last parabolic move up. Still, take this pattern with a grain of salt before actively trading on it.
Happy trading!
Daily Checklist Before The Market Opens | Apr 11 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: YES
🎯Stats: 10 out of 5.85
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 105.59-99.88
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 53.14%
🚀Daily Expected Move: ±3.20
🚀Weekly Expected Move: ±7.04
🚀Monthly Expected Move: ±14.65
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 2 out of 6.16
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 2015.1-1960.6
🛸Buy UFOs: 1815.8-1788.5
3️⃣Options IV: 18.37%
🚀Daily Expected Move: ±22.66
🚀Weekly Expected Move: ±49.88
🚀Monthly Expected Move: ±103.83
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 6 out of 4.76
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 100.605-100.095
🛸Buy UFOs: 97.850-97.295
3️⃣Options IV: 8.98%
🚀Daily Expected Move: ±0.56
🚀Weekly Expected Move: ±1.24
🚀Monthly Expected Move: ±2.59
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 3 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 47317.5-44345.0
🛸Buy UFOs: 39847.5-38220.0
3️⃣Options IV: 65.35%
🚀Daily Expected Move: ±1704.61
🚀Weekly Expected Move: ±3752.52
🚀Monthly Expected Move: ±7811.49
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice