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XAUUSD Gold: End of the bullish trend ? Updating our XAUUSD Weekly Chart. Jackson Hole Symposium by The Federal Reserve Bank of Kansas City; Aug. 26-28, can be the place of the FED's first strong sign of a new path. The location of the key support zone is 1765 - 1750 USD/Ounce. Weekly closing below 1750 ( and the closing below the red trendline ) will add weight on the ounce. It is early to take a big short position before closing below 1750 USD/Ounce. Below 1750; our targets are 1720, 1700 1685, and 1640. Indicators: Cycle Sniper Advanced Chart Patterns Tracker
OANDA:XAUUSD
by chartreader_pro
7
🔥 Comparing Different Bitcoin Cycles - UpdateA couple of weeks ago I made a long-term analysis on the state of the bull-cycle and the future of it. There's several very interesting things that one can deduce from this graph. 1) The cycles are getting less intense. The difference between the top and the low is relatively diminishing, making each cycle less explosive than the previous. 2) The cycles are getting longer. With each new cycle, it takes longer to reach the top of the cycle. "Time is your friend" has never been more fitting. Furthermore, the current bull-cycle was "ahead" (above the previous cycles) of where it should've been and therefore the May correction was neccessary. At this point, we are exactly where we should be in the cycle. Comparing the growth of previous cycles, we can connect them via the blue line. Assuming the blue line will hold for the current cycle, I'm expecting BTC to top somewhere in the first half of 2022, with the top ranging anywhere between 130k - 200k. This assumes that the growth rate of the current cycle will be less than the previous cycle. The current BTC break-out could very well be the start of the bull-cycle continuation pattern. Happy trading!
BNC:BLXLong
by FieryTrading
18
Bitcoin cycles explained by date ranges and retesting the 1.618 Every bitcoin cycle gets a retest of the previous cycle 1.618 fib extension level from previous bear market low to that cycles bullrun high The green lines pointing out those are the halving - The bullrun begins The pink lines pointing the retest of the 1.618 + The start of the next leg up to the high of that bullrun The red lines are pointing the bullrun highs Now if you take those dates from previous cycle, i see the possibility of the next leg up to finish this bullrun. Please let me know what you think of this.
BITSTAMP:BTCUSDLong
by tradebeertje
BTC analysis: Why 20k could be the bottom.NFA NOT FINANCIAL ADVICE. This is just my personal point of view. Hello everybody, in this analysis I've chosen to use the basics: Stoch RSI, MACD, RSI... Along with other tools like: Log Fib, Bottom Ind, Etc. First of all, I'd like to explain what kind of info can be retrieved from this chart. This chart notices about one clear as crystal thing: BTC price tends to go upwards with time, and that price increase tend to desaccelerate with time, also known as diminished returns . Next thing that should be explained is when BTC resumes an uptrend and when it does the opposite. That would be the identification of "cycles". According to popular media, BTC usually increases its price once it's getting closer to its next halvening date and to summarize the theory, BTC has four year cycles as a cyclical asset. My view is that BTC is effectively a cyclical asset where those c ycles are getting extended / longer and that sooner or later, probably by 2024, that extension of cycles won't fit with halvening dates. So what is going on? It' easy to spot that BTC went superbullish from its inception in 2009 to 2011, then crash, then first halvening, then a first "middle cycle peak" by 2013 and after a massive crash a new upward trend pushed the price to a new ATH by early 2014 as a "final cycle peak". Then same history repeated, price went downwards til next halvening which happened in 2016 and a massive bullrun by 2017 which was stopped by some big correction in the summer of that year. Then you got bear period for a year, a great bullrun by early 2019 summer and then our "current cycle" started. To avoid overextending this, what is my point ? My point is that "mid cycles" doesnt exit. Every main cycle has a bullrun, a bear season, and a resume for another final bullrun; and those trends are getting shorter as you can see in the chart checking the measured time bars. What does this mean for the average guy? Well, it's going to be harder to spot if you are in a bullish or bearish trend, but the good news is that those trend are gonna last a little less than previous ones. Whom benefits this? That's easy. Investors and good traders. Average trader is the only one losing here as he wouldnt know what is going on. In this main chart, you can see a log BTC/USD view using a tool which has recognized extremely well the bands which BTC has been using consistently as supports and resistances for its entire history. The black lines are the edges between what we should consider the top and bottom. Any candle going higher than the upper black line would be an extraordinary event pushed by extremely welcomed good news. On the other hand, any candle going lower than the lower black line would be an extraordinary event pushed by extremely spurned bad news. To date, upper black line has never been broken. On the other hand, lower black line has been pierced one time before when the uncertainty took the stock market back in March 2020 and after a massive black swan event and consequently crash, the fear spreaded to crypto market. To summarize this, only another black swan event should be able to drop the price below the black line, and in fact that event would happen, there are extra support zones which should stop the crash as it did back in March 2020. As you can see in this zoomed chart, even if that black swan event would happen this week, price should keep above 12k. And if everything goes well, price should s top crashing around 20k . s3.amazonaws.com Weekly Stoch RSI showing up longest downtrend that it has ever experienced. It's worthy of attention to realize about that every time BTC has touched these levels, Stoch RSI has bounced off providing at least a relief rally. s3.amazonaws.com Weekly MACD showing up biggest crash ever for MACD levels, hitting lowest point ever for BTC. This metric shows up a possible reversal for the short-term as relief-rally and a feasible macro-trend change for mid-term as most optimistic scenario. s3.amazonaws.com Weekly RSI showing up a multiyear weekly rsi support. Any support or resistance drawed line requires at least three pivot points, so there are big chances about RSI could bounce off from that point. s3.amazonaws.com Daily RSI showing up a multimonthly daily rsi resistance. As you can see, this chart summarizes pretty well how every pump attempt from previous wave downwards has concluded as a weaker pump than previous one as that is being translated in that RSI trendline which so far has been unbreakeable. Irretrievably, this trendline will get pierced sooner or later as even if the same trading loop keeps happening, the RSI would be pushed every time closer to the bounce-off point edge. s3.amazonaws.com
BITSTAMP:BTCUSD
by diversionlulu
5
🔥 Comparing Different Bitcoin CyclesWith this analysis I want to shed some light on where we currently are in the fourth Bitcoin bull-cycle, compared to the previous three cycles. I measure the cycle from low after previous cycle to high of the cycle. There are different ways of drawing the cycles (comparing halvings for example), but for me this one makes the most sense. There's several very interesting things that one can deduce from this graph. 1) The cycles are getting less intense. The difference between the top and the low is relatively diminishing, making each cycle less explosive than the previous. 2) The cycles are getting longer. With each new cycle, it takes longer to reach the top of the cycle. "Time is your friend" has never been more fitting. When we look at the current cycle we can see a couple of things that are standing out from the other cycles. 1) There's been several occasions where the current cycle "went too fast" comparing to other cycles, after which BTC had to cool off for a couple of months. This has been a major thing with the most recent sell-off from 65k > 30k. BTC was ahead of schedule by a lot, so it had to correct by a lot to get below the previous cycle's growth path. 2) The current cycle is the most volatile one, which is caused by the COVID dump last year and the subsequent massive quantitative easing that followed. In previous analyses I've mentioned that I think that we're currently in a mid-cycle correction. My arguments for this are that this cycle is too short to be completed. At the very least we "should" have another 8-14 months for the current cycle. Furthermore, the top of the cycle is not even close where it should be, compared to previous cycles. Looking at the blue trend-line, the top of the cycle should be somewhere from 100k-150k (rough estimate). To conclude, I'm confident that Bitcoin will see another strong bullish push. The current cycle is far from over. Happy trading!
BNC:BLXLong
by FieryTrading
45