Fractal
BTC 10/9/24💡
Outlook: Bitcoin has showed bullishness on the Daily and created a impulse range. the 5hr has showed conviction and impulse above the 10 and 20 ema showing bullishness and has then showed a correction but still above the impulse low. I want to see price show an impulse above the 10 and 20 on the 5hr for me to scale down to the 30m time frame.
Bias: Bullish but I want to see price break above the 10/20emas on the 5hr.
USOIL 10/9/24💡
Outlook: USOIL has made big correction on our 5hr time frame inside this Daily range. To me this is a re-accumulation since we have take out a swing low on the 5hr time frame. But price has shown bullishness and protected lows behind price. I would like to see price impulse above EMAs and show conviction for me to be interested in longs.
Bias: Neutral. sidelined until we start showing conviction on our 5hr time frames above the EMAS.
XAUUSD 10/8/24💡
Outlook: Gold has been breaking bearish inside this Daily impulse range on our 5hr time frame and is below the EMAs. In order for me to look for longs I want to see price on the 5hr time frame to show an impulse above the EMAs and break a previous high that is showing supply. I want price then to correct into the 10 and 20 EMAs so that I am able to scale down to the 30m time frame, Until then I am waiting for the 5hr to align with our Daily time frame.
Bias: Neutral, Gold needs time to show conviction on our 5hr time frame to sync with our Daily and Weekly. WAITING.
US30 10/8/24💡
Outlook: US30 is definitely a bit behind compared to NAS100. I would personally wait for price to show conviction above the 10 and 20emas on the 5hr time frame and wait and then scale down to the 30m time fram and wait for price to correct into the 10/20emas. Until then I am sitting on the sidelines when it comes to this index. US30 NEEDS TIME
Bias: Neutral, needs time to show conviction and get above the emas. Maybe London session can show some conviction.
NAS100 10/8/24💹
Outlook: NAS showed some bullishness for NY session this morning. I am looking for price to correct a bit further into the 10 and 20 emas. Before scaling down into the 30m time frame. Price looks like its going to possibly do that for London session before NY so we will see then.
Bias: Bullish, waiting for the 5hr time frame to correct into the 10, and 20emas before scaling down into my 30m validation time frame.
NAS100💹
Outlook: Starting with the Daily we have been accumulating and breaking bullish on our Daily time frame. Price has started to Re-accumulate below the 10 and 20 ema showing a valid correction on the Daily. Scaling down to our 5hr time frame NAS100 has been breaking above the 10ema and 20ema and showed a valid impulse last week on Friday. However, price is currently over extended on the 5hr and need to see a valid correction into the 10ema and 20ema before scaling down to my 30m time frame.
Bias: Bullish but needs to re-accumulate and correct this week before continuing.
8-Oct-24I'm expecting price to slowly squeeze up through the recent short term high, before a dropping to retest and bounce on 60K, which could lead to a brief break above 66K, before starting a slow downtrend to retest the low at 53K.
This is based on the timing and extend of the yellow fractal, the gray fib fans and the yellow fib channel, while also considering the liquidity pools indicated by orange magnets.
Why I'm Going Short on USDCAD: Analyzing Market ConditionsKey Reasons for a Bearish Outlook
1. Economic Differences: The U.S. economy is doing well, showing strong growth, while Canada’s economy is struggling. This usually strengthens the U.S. dollar against the Canadian dollar.
2. Oil Prices: Canada’s currency is closely tied to oil prices. If oil prices stabilize or drop, it could weaken the Canadian dollar further, especially since Canada’s economy isn’t performing well.
3. Central Bank Policies: The U.S. Federal Reserve might lower interest rates, which could attract more investment into the U.S. dollar. Meanwhile, the Bank of Canada is likely to stay cautious due to weak economic data.
Given these factors, I believe there’s a good chance for USDCAD to move lower. I’ll be using probabilities to guide my short positions and manage risk effectively.
Feel free to share your thoughts and ideas in the comments below!
12M:
On the 12M timeframe, there is insufficient data available. Therefore, we will move to lower monthly timeframes to identify a valid range and look for FB mitigation.
1M:
1D:
1H:
The Alt token market (TOTAL 3)This is one of those charts that does not need a huge amount of explanation. It is a 5 day chart comparing October 2020 (prior to the bull run that followed over the next 6 months). There are many fractals with that time and the present day.
1) Notice the life cross? Green arrows.
2) Notice the 5-day/200.sma resistance before the breakout? Red arrows?
3) Following the breakout price action in October 2020 the candle body closes were exactly 22% above the life cross and never closed lower just as it is today.
4) This idea is a continuation of the “Total 3 market capital to 10x” idea (below) that was published in July 2023. The bull flag informs us there remains another 500-600% return. Some still think is this a bear market. What gives?
5) Just as it was written in the first idea, “It is not my expectation for legacy tokens to participate in this bull market”. Hear this raw. LTC, DASH, MATIC, XRP, you name it, the big legacy market capital tokens are not participating in this bull market. Receive many messages explaining with this point of view is “wrong” despite the lacklustre price action. Remember, emotions are a Maccy D’s recruitment tool, I mean emotions are a money killer.
6) There’s a whole bunch of other fractal info shared elsewhere but the overall picture is well presented here. The next 6 months will transfer wealth for those with a plan.
Ww
Total 3 market capital to 10x
BTC💹
Outlook: BTC has been breaking bullish on our Daily time frame and has shown great signs of accumulation, price is currently re-accumulating and has corrected under the 10 and 20emas. Scaling down to our 5hr time frame we are currently inside this Daily impulse leg and could see price continue to that Daily high. However I want to see bitcoin correct and come down to the 10 and 20ema to show a valid correction/re-accumulation and leave enough space for the 30m and 5m time frame to do the same thing for my entry setup and criteria.
Bias: Bullish but needs time to correct on the 5hr time frame before I look for any longs.
USOIL💹
Outlook: Starting out with the 5hr chart, price has been accumulating all last week. Price has shown a valid correction and has re-accumulated. I am now scaling down to the 30m chart and waiting for price to show me bullishness and impulse above the 10 and 20emas before I scale down to my 5m entry timeframe.
Bias: Bullish but needs time on the 30m time frame to show conviction above the 10 and 20emas.
XAUUSD💹
Outlook: Starting out with our 5hr time frame, price has been accumulating and showed a valid impulse above the 10 and 20 ema. Price has corrected on our 5hr time frame below the 10 and 20ema showing a valid correction but we still are inside our impulse leg that we created on the 5hr. What I want to see now is I want price to show bullishness and conviction above the 10 and 20emas on our 30m time frame and then show a correction showing re-accumulation just like we did on our 5hr time frame. I want to see this for gold before scaling down to my 5m entry time frame.
Bias: Bullish but needs time on our 30m time frame to show an impulse and correction above the 10 and 20emas.
XRP/USDT - Potential Fractal FormingInteresting to see XRP drop so much the last week due to the news about the filing. Sadder still not have seen a decent bounce. It makes me wonder whether the overall sentiment of XRP is bearish. In any case, there's a potential for a fractal here as described in the image. So, very resrevadly I'd be going long on XRP but absolutely not using this as an opportunity to trade as things seem quite uncertain. Let's await confirmation of an overall trend resolution before taking part in XRP.
5-Oct-24I think we could be aligning with the blue fractal. This suggests that we're about to break down on $60,000, which would make sense after testing the level 3 times resulting in only a weak bounce.
We could then form a "spindle" below $60,000, repeatedly breaking up on the big even while forming lower lows and lower highs, eventually returning to the 50% level of recent volatility.
BTC💹
Outlook: BTC has started to break bullish on our 5hr time frame. If you look to the left we are inside the Daily A/Impulse range and have just been correcting. I would now like to see price on our 5hr time frame fo come back to the 10ema and correct to show a valid correction where I can now confirm on my 30m and 5m time frame where I can look to get involved into higher prices!
Bias: Bullish but needs time to correct on the 5hr time frame. Keeping an eye on this but looks like it will take some time!