Cycle
Bitcoin 24K Scenario - For bleed out Altcoins ReasonBig players shake-out small investors during this bloody shake-out. Reason is small investors still focus on altcoins which is not a recommended touch right now in my opinion. Wanna stay in the market - hold bitcoin. Wanna trade altcoins. Only for initial bounce, than take a profits back in BTC. Can't be hold altcoin more than one explosive wave.
BTC /M3 CycleThis chart shows the strength of bitcoin in correlation with money printing and the strength of the dollar itself in the DXY index
I have come to the conclusion that the cycles and most importantly the current cycle of BTC can repeat the situations of 2017 with the help of the increase in the purchasing power of the dollar (DXY) while burning the dollar stock in its digital edition (Tether, BinanceUSD etc.)
More in part two.
How to detect the active cycle length?This is a short tutorial on how to use the Detrended Rhythm Oscillator (DRO) to identify the current dominant cycle. The Detrended Rhythm Oscillator is an advanced Detrended Price Oscillator DPO which helps to spot the key market rhythm or beat for any symbol on any timeframe.
It automatically labels the length of current market high-high and low-low pivots which helps to see cycle harmonics and relations. The output should be used as input setting for almost all technical indicators which require and "length" settings for the calculation. Using this length setting based on the dominant market rhythm will help to ensure better accuracy to your indicators at turning points. The indicators get synced to the beat of the market.
The indicator is available as Public Open Source Script for your own usage:
Gold. Leading Diagonal maybe not completed yet. 9 June 21Gold possible still forming its leading diagonal pattern. Currently in wave 4 (yellow) ( possible any type of bullish triangle pattern )..Price could hold above 1850, the next support could be around 1870.. before ending its leading diagonal at around 1960...
GOLD short for for wave A (yellow) of expanding flat. 3 June 21Gold , short for wave A (yellow) of the expanding flat. Stop Lost at today ( 3 June 2021 ) high 1910... Target Profit around 1950-1940 ( where there are the "zone" for demand /4 hours 200ema/ daily uptrend line and pullback area for monthly down trend breakout) untill next Monday after this coming Friday NFP..
The Bitcoin Cycle & Long Term TrendThe Bitcoin cycle is divided into three stages; a bull market, a bear market, and an accumulation period. Every 4 years, a new cycle begins when the (BTC) rewards for miners (those who verify transactions by unlocking new blocks) are cut in half, hence unleashing a supply shock in the face of rising demand that jump starts a bull market, historically speaking. So far, Bitcoin has experienced three halvings:
• 30th November 2012
• 9th July 2016
• 11th May 2020
According to the trend, the length of bull markets have increased whilst the length of bear markets have gradually decreased. Bear markets tend to last for over a year after a blow-off bull market top, after which a period of sideways consolidation begins - an accumulation period that is most optimal for investors to dollar cost average (DCA) into the market, in anticipation of an upcoming bull run.
With regards to the 2021 bull market, a blow-off bull market top can be predicted to occur some time between December 2021 and March 2022, taking into consideration the 4 year cycle trend, as well as the lengthening cycles trend. Major mid bull run corrections have also been a key observation in every bull market including the current one, which has shaken off hundreds of billions of dollars in market value, arising fears of a potential bear market. The upcoming bear market could be predicted to bottom at around $45,000-$60,000, according to long term trend lines.
Crude Oil. Watch out 76.875 price level.. 30 May 21We are at the "critical level" of oil price.. The final battle field of bull and bear will be at 76.875 ..whether the cause and effect of "inflation" by "increasing" or "manipulated" increased Crude Oil Price just to "cope" "temporary" with the "depreciation" of $ after "half" Post pandemic
GOLD maybe an expanding flat pattern on wave (B)(cyan). 28/5/21GOLD possible is forming an expanding flat pattern on wave (B)(Cyan/light blue).. Maybe now we are at wave A (yellow) first leg down of the expanding flat pattern, where price could reach @ around 1845 ( which is support/resistance flip zone and the long term down trend lines breakout zone becoming support area ) .before resuming its uptrend @ around 1950 (major supply & Resistance zone ) for wave B (yellow) and finally last leg down for wave C (yellow) @ around 1780 which is daily 200 EMA deviation and demand zone..
xyz3dtrading
GOLD may completed leading diagonal pattern. 27/5/21Gold may completed its leading diagonal pattern. Price have reached the confluence area ( 2 Upper trend line of leading diagonal met with pitchfork parallel line PLUS the supply zone ).... Short at around 1902, TP1 @ around 1760. Stop lost at 1913..
xyz3dtrading
EURUSD we maybe in wave B (yellow) of triangle. 25/5/21EURUSD possible forming "any form" of triangle pattern in wave (4)(cyan/light blue)...Short for wave C (yellow) of triangle wave (4)(cyan/light blue), Stop Lost at 1.2350, Tp at around 1.1800.. P/s There is ONLY a,b,c sub waves inside any 1,3,5 impulsive wave