A Bitcoin Prediction (2024)In this chart, I uncover price levels across an identified cyclical pattern hidden within Bitcoin.
I was initially hesitant to publish this, as I had been pondering the theory for a few days. However, as the price approaches the Phase 2 level, I believe the timing cannot be ignored, and a reaction may be imminent as Bitcoin could be on the verge of breaking out into Phase 2... I've posted a screenshot prior to where BTC is now (below)
My discovery in finding this was not intentional nor was it believable. However, after identifying some familiar projective price targets deriving from Bitcoin's first cycle the compelling results left me intrigued and were enough for me to continue. Whilst continuously applying my method more and more results seemed to match with key pivotable phases. Once I hit 2020, I was sure to expect some variances, but to my surprise, there was not, and price levels were again matched to pivotable levels. It is to that point I followed through into 2024 and beyond. As stated in the chart there is no trickery rather, there is logic and reason. It appears, these predictions beyond 2024 are realistic and do not point to crazy moon boy levels. So with that, I leave this here to revisit and pay my respects.
Some Observational and Key Points:
I base some findings on a 2 x 8-year cycle rather than the conventional 4-year cycle. However, it may appear shorter than expected. Just as there are diminishing returns, there too is an aspect of diminishing cycle timing.
While cycles are often recognised by their low and high targets, not many observe the time it takes to surpass a previous all-time high (ATH) or low. This is interesting because Bitcoin does not exhibit this repetitive behaviour in its history.
I observed the peaks and troughs while noting the counts and periods across cycle phases and took a visual snapshot towards 2022-24 playing into more likely that of 2013-16.
I've projected 2 ATHs as a range due to the nature of placement. The first target is primary, and wicks above could stretch into the second. Projections are also based on a 2-week (close) timeframe.
Final comments:
This is not an indication to be mega bullish and is NFA. The chart merely highlights developments I've identified and is not certain to play out, although quite probable. It is more of a "let's look back and indulge" - at least for me.
Thanks and Enjoy!
Cyclical
AMD - Fakeout
Measured move on this name would have been much bigger than what it was showing last week. The weakness was palpable. I bought 125c but sold around 123.5 at the close on March 29. Now I know why...my instinct was telling me something was not right.
first reaction off of the any ATR resistance is pullback, so no surprise it got sold at that level. It's shame I didn't foresee it...or saw it but didn't digest it.
A lot of commentary was made on twitter how this was going beyond 130, I made no such claim.
Levels below are clear, if it can hold 101 and base above, longs have control, below, 95 and 84
Cyclical stocks & 5 elements (e.g : Palm Plantation) 22/2/22Today not just "The Sun Calendar" is all 22 BUT Lunar calendar day also 22) = - The Practice of Chinese Core Five Elements Concepts for picking up Cyclical stocks ? Showing here is Malaysia Plantation Index ( Mainly Palm Oil Plantation ) .. It seem like The Index showing "up trend" when entering "Water Element" months of Lunar Calendar? Why?! Water "Growing/Generating" Plants? Show logical?...
AND it show "down trend" when entering "Metal Element" months.. I'm puzzling why?! Metal " Carving/ Counteracting" Woods?.. Show logic?..Hmmmm... Then How about "Earth Months".. Look like "side ways/no obvious trend" market.. Why? Plants need to "use/consume" its "energy" to Hold the "earth", Stopping "landslide"?....Hmmmm. How about Glove Stocks?! Either Rubber Tree, or Nitrile, Latex, and Vinyl Gloves under "wood elements" category.. Hmmm.. Look like the next up trend going to be "glove stocks""...
Consumer discretionary stocks are doing fine. McDonald's exampleHi everyone,
As millions of retail crypto and options speculators lose their savings, McDonalds Corporation is rubbing its hands with a hideos grin. "Ah, yes, millions of fresh employees, just what I need" .
In all seriousness, consumer discretionary sector as a whole was obviously contracting with the broad market. However, not quite at the same pace.
NYSE:MCD stock has seen a maximmum drawdown of 8.7%, whereas S&P dropped 12% from the top.
Though if you look for a safehaven amidst the increased volatility, it is much safer to buy consumer defensive names, such as Campbell Soup ( NYSE:CPB ), Kroger NYSE:KR , Procter&Gamble ( PG ), etc.
All these names performed really well this month compared to the general market.
McDonald's is a cyclical consumer stock, which means it will outperform the market during the economic expansion period.
And when is this going to happen?
My opinion is the following:
1. Market is in turmoil, so the Fed is not going to raise rates.
2. Inflation will slow down. Inflation is connected to the supply chain issues, not to the Fed printing money (because in reality they did not print anything, but that's another topic for discussion).
3. All Covid measures are going to be cancelled this year, as the global context on taming this virus started to shift.
The above reasons lead to a major economic expansion and another consumer discretionary stocks boom later this year.
McDonalds happens to be one of them.
Oh, yeah, also check my levels on the chart.
As always, trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
Energy breakout ~ June 2021Technical Analysis
We have been in a strong uptrend (pink segment line) since November, which I have divided into 3 ranges.
We have tested the top of "Range 2" 3 times, and we are now breaking out. Either we continue into "Range 3", or we could potentially test the pink trend line once again (ghost feed representation)
Macro
Tomorrow jobs report could be a market moving event, as the Fed has made a drastic change in its action plan, which consists of reacting to data (reports such as these), instead of reacting preemptively as it has done in the past.
General Electric, huge potential If it surpasses the resistance at $13 and breaks out, it would have a clear path to $20. In the long run it still has room to climb. To be worth it, I recommend going with leverage. At the current price, a tight stop loss is relatively "safe" as I don't see it falling further.
NYSE:GE
Synchronized marketsSo we have synchronized movements between long-term treasury yields (5, 10 and 30 years) and cyclicals (airlines, oil companies, carmakers, cruise lines, etc.) regardless of the fundamentals. If these yields are expected to continue increasing in response to a higher rate of inflation, a continuation of the trend in cyclicals would also be expected.
The peak of June 8 of last year was the clearest proof of this interrelation between markets. Oil prices could continue to rise, I would not be surprised if it reaches $ 100 a barrel.
OXT No Need To WorryAs long as .78 can hold as support OXT is only beginning a massive journey.
We could see brief dips below in coming days but bigger picture we would like to see a weekly Candle Body close above .78 USD.
That would be extremely bullish.
Price discovery can be a fantastic time for asset holders.
Real world usability and demand to pull OXT higher in cmc ranking list.
not investement advice. DYOR.
Get in the Zone: the Lotto ZoneIf any of you are up for a gamble, this is a good play for a short position / long puts. AZO has had a monster rally and is starting to wind back to some pre-pandemic support levels I believe. Now this is a good company, but the stock will get caught up in a mess of short-term declines in the Retail Trade sector and this one has far to fall and a well-defined area of support to work off of.
Some solid indicators are saying this is well over-bought and flashing the sell signal. This means we may have reached the peak of it's new consolidation area and will begin grinding down to find the bottom. Thankfully we have a triple-top to tell us where that bottom will ultimately be. Options are expensive for shares this pricey, and bid-ask spread is huge, so maybe just an old-fashioned short is your ticket.
Energy's volume confirming trendTechnical Short-term Analysis
We have a new potential uptrend line drawn in the chart.
RSI is showing some divergence as it has reached the level from the beginning of February. However; I would take this divergence with a grain of salt, as it did reach Overbought levels and did not break the 40 level on the RSI (typical bullish behavior).
OBV has a clear uptrend, supporting the uptrend in price.
Trade Setup
Would sell a partial position if we break the ~new potential uptrend~.
Would sell the rest if we break the 50sma.
Hope this helps!
Recovery in MotionThe more I make these posts, you will see how much I enjoy investing and swing trading Sector Select SPDR ETFs. Besides Financials (XLF) and Energy (XLE), the Consumer Discretionary (XLY) industries are great places to be situated in during a rebound in the economy. With interest rates projected to rise, many have come to believe that inflation has risen above its short - term target thus signaling rapid economic growth. As someone who works part - time and is in school Full - Time, it is hard to thoroughly perform TA and FA for the "top" stocks. That's why I enjoy rotating my money in and out of the sector ETFs.
When the market aggressively sold off, I started an initial position in XLY with intention to aggressively add to my position once I see some consolidation in the sector and a breakout to the upside with heavy volume. XLY holds stocks such as #AMZN, #TSLA, #LVS, #RCL, #LOW and #MCD just to name a few. I absolutely love the diversification of XLY as it gives the investor exposure to big tech, restaurants, travel, retail, and automotive - industries that are sensitive to interest rates and movements in the economy. I am fairly bullish on XLY as I am bullish on a full US economic recovery within the next year. With a very good move to the upside on March 9th, things are looking bright for XLY with parts of Canada and the United States preparing themselves for reopenings and vaccinations across the nation. The reopenings and hopefully mass vaccinations will yield an increase in store shopping and travel.
As I mentioned, it is hard for me - a student and an employee - to analyze what stocks to trade. Rotating in and out of the SPDR ETFs gives me the ability to do more research on the industry or industries that I want to be exposed to while being able to buy 30 - 200 stocks without having to do research on each stock or paying an enormous amount of commissions and grants me the ability to really only spend time reading reports issued by SPDR ETFs and the industry. Currently my ETF holdings are: XLE, XLF, XLB (Materials), XLI (Industrials) and XLY with the intention to add to my position and possibly starting a position in XLRE (Real Estate).
As an inspiring Investment Advisor, I am not too caught up with the whole Reddit craze due to the riskiness of it. As a result, I prefer to diversify myself via SPDR ETFs while trading 3x ETFs and inverse ETFs which provides me with enough volatility to produce a steady daily return.
CCL Broke Key ResistanceWith JNJ news, vaccine giving hope to investors, and another round of stimulus on the way, cyclical travel stocks like CCL should regain strength and continue forward. With good news, and the recent market sell-off due to bond yields, CCL and other value stocks saw a push. We're expecting this to continue, especially with the arise of a new cruise line from the company. The stock also broke a key resistance level from the June run up, at 25. This level held and the stock topped at 28s before falling back to 25 and bouncing - proving that the resistance level has now become a support level. This trend should continue, as there is nothing stopping the stock from moving back up to it's previous highs since this strong supply level was cleared.
Entry at 25-26, PT1 33, PT2 43-45, PT3 (EOY) ATH, SL Below 25
Mixed BTC signals from LT MAs. Capitulation must end b4 moonThe 50 day and the 200 day ma recently had a death cross.
The 50 week and 100 week ma about to have golden cross.
Mixed signals between two long term indicators.
imo the 50 day and 200 day has been more accurate with our cyclical performance analysis.
Furthermore, BTC still stuck in the expansion phase top (14K) downtrend channel.
Lastly, miner capitulation is still in progress.
All of this looks to say that the path of least resistance is to the downside.
That is until miner capitulation is complete and BTC is able to get a bid that can break and close above the top of the downtrend channel.
Really depends on how much working capital the miners were able to build up from the explosive expansion phase and how bad institutional miners want to eliminate competition going into a historic halving that will lower BTC's inflation rate to lower than that of both gold and fiat.
Double bottom incoming over next couple of weeks, may even tap $5Ks.
LONG opportunity of a lifetime (cycle) because the Bull Phase B target is $90k to $150K.
Good luck everyone.
Learn more about the cryptonomics cycle in the free Special Report: Cryptonomics @ www.ciadc.co
Here it is #RioTinto #RIO #tradingview @RioTinto #mining #goldWho would have thought it?!
Rio Tinto is faster than the police or the Söder allows.
The shares simply do not respect the boundaries of the restrictions and cross the borders. That is forbidden, after all in Germany.
In this case, Rio Tinto is making a statement with a new all-time high and thus for me an superior ongoing wave 3.
With 4.8% p.a. Dividend yield one is also made happy at the moment.
So everyone can get through the storm.
Greetings from Hanover
Stefan Bode
Breakout Brewing for Bitcoin SV!BITFINEX:BSVUSD
As volatility stagnates and directional indexes are at historical lows, pressure is building for Bitcoin SV and other coins like DASH and LTC.
This graph shows how cyclical the crypto markets are and how dangerous it can be to be short in conditions like these.
Three downtrend periods are evident in the history of Bitcoin SV, the first being Nov 2018 - May 2019, the second June 2019 - Dec 2019 and the third Feb 2020- Oct 2020.
After every downtrend in BSV , a breakout of + 350% followed, in both cases with a duration of 60 days and marking a maximum in historical volatility (HV) as seen in the graph.
Currently we are in exactly the same conditions as in the base of the previous explosions, both in chart patterns and in volatility and trend indices, the cyclical trend of the currency being quite self explanatory.
I would not recommend entering long right away from the bottom of the channel, but long from the break of downward strtucture plotted as a blue descending line. The reason is to minimize risk in order to use leverage or greater position size, instead of hoping for the best by seting a -20% SL. It just makes more sense.
Movements of this magnitude could be catalyzed by the movements of other coins such as Litecoin and Etherum, which in the past have already shown to have a greater correlation with this pair than the giant Bitcoin ( BTC ).
Trade at your own risk. This is not financial advice.