Reaching Cycle Top (Total-Daily)Looks like this cycles getting close to the top.. will it break the resistance trend? Maybe but I doubt it.
Looks like its going for correction, multiple coins are over extended and overpriced without support.
(I'd buy the dip, Not Financial Advice)
What do you guys think?
Cycle
Gold waiting for final leg up wave (A) (Cyan) Updated 11 May 21Just updated my view.. Price of gold still in small range probably forming a triangle of double three pattern within 1825 -1845 tight range before breaking up to 1860 for final leg up for wave (A) ( Cyan/light blue colour) ...cycle analysis shown around 12-13 May 2021 Price will retrace back and having possibility to 1750-1720 zone...
GBPJPY wave updated 8 May 2021Wave (iv) (red) "maybe" is a triangle.. Waiting for Final leg up for Flat pattern (w)(x)(y) ( blue/cyan colour ) for wave (4) (red) in weekly /monthly chart.
P/s. Traders should have independent view and strict proper risk management before trading any leverage instruments. without blindly following any trading ideas from others
Bitcoin potencial top cycleHello this is only theory and nothing is sure but i believe we can reach this highs. Most of peoples didn't believe about $50k for march, now they don't believe for $200k and most of them told me here is top. It may be so, but most indicators show me that they are probably not right and the next 3 months will be crazy in price discovery.
Near (Update Analize)Near Anlaize Update and analize 4H Time frame: Consider Sub Wave:
subwave of 1 or a wave is complete, weWe expect wave 2 correction to start
I gusse Wave C of 4 in End wave Cluster so it possible Correction is over.
do not forget use Trigger and look at btc price ditection...
This coin has not had a special price jump in the past, If the channel is broken in the future pump is comming.
Bitcoin vs Gold / Gold's Last Dance / Spot the DifferencesBesides time, that is x10 faster on Bitcoin due to technological advancements, better global access to markets and information i see no other major differences. Our future self 30 years from now when we will be around 60-90 will sound to our kids and grandkids as our grandparents and parents right now, BTC is the safe haven!!!
Matter of fact BTC has a bright future ahead but imo the insane bitcoin rush is now gone, it will slowly and gradually replace gold (as global reserve) but first gold has one last dance.
WHEN CRYPTO WILL CRASH? - CRYPTO MARKET CAP CRAZY ANALYSISHi guys. I'm very proud of this analysis.
1) Based on the first macro Fibonacci extension and the fib circles, it looks likes we are approaching the next crash which will occur in May (-40%-45%?). This is exactly what happened in the previous cycles. The crypto market will go down once it reaches 3.2T$
However good news. This is not the end of the cycle.
2) Based on the second macro Fibonacci extension, the fib cycles, and the fib time zone, it looks like we will top out between the end of Aug and Sept. This is exactly what happened in the previous cycles. The crypto market will go crash once it reaches 17T$.
I'm not sure there will be a super cycle.
The market PINEAPPLE Analogy for better tradingMany traders think that buying a stock is like buying a shirt in the store, IT IS NOT!
Buying a stock is like buying a PINEAPPLE, if you understand PINEAPPLES, you understand stocks.
1 - first you have the first sprouts of the pineapple, that came from a seed, this price is extremely cheap.
2 - then the plant grows, and you have a full plant with leaves. Price is increasing with value.
3 - then the plant produces an un-ripe fruit (Green pineapple). Price is increasing with value. The farmer sells to the distributor of pineapples the un-ripe pineapple at a higher price.
4 - then the fruit becomes ripe and is ready for eating. The grocery store sells the pineapple to a restaurant at a higher price.
5- you can get the ripe pineapple and cut it open, and serve it at a higher price to a standby customer. He will gladly pay.
6 - if you cut the pineapple open or just bought it, and you didn't realize it on time (sell it to someone else), the fruit is starting to spoil, so you will lower the price just to get rid of it.
7 - once a lot of time has passed, the fruit is spoiled and no one wants to buy spoiled fruit, so the price decrease and the pineapple/stock go to the garbage.
8 - until the cycle repeats itself...
Key takeaways:
- Expensive can be much more expensive -> don't be afraid to buy a new high.
- Stock is not like a shirt, if the price is down, it means something is wrong with it -->> the stock starting to spoil.
- Cheap can get a lot cheaper.
- When you buy a stock you need to look at it from the perspective of the seller/producer and not through the eyes of the customer...
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Bull market possible cycleHello, i think this is one of the possible scenarios for this bull market. I think Bitcoin can form double top in RSI at monthly and touch two times this resist trend line. I think now we will have one push to $80-100k level, then dump maybe retest to 20 EMA at weekly and after this one last big push to the upside around $150-200k. My target for the end of this bull cycle is around July - September 2021.
GOLD. Short TP ~1700 before price up for wave B (red circle) Short Gold to or waiting to long @ around 1700 for price trending up for wave B (red) (circle) of Triangle. As Gold Price forming double bottom or maybe triple bottom at strong monthly demand zone.. Gold may resuming its long term bull trend...