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NAsdaq: Super Long Term View using Gann Time CyclesSuper-Long Term View of World Markets Back to the Source The Daddy Cycle The Faangs (+ Microsoft) make Nasdaq run. Nasdaq in turn makes the SandP run (but not the Dow which is internationally based). The SandP in turn makes FTSE and Dax and Nikkei run. Not always but usually so. So what is good for Goog and FB and Amzn and Aapl and Msft and Nflx is good for world markets too due to the invisible algo/thread that inter-twines most major markets in 2018. This chart below shows the Gann master time cycles working very clearly and very accurately so far this century through the main driver of nearly all major markets - the little used Nasdaq composite index. We can see that the mid-term cycle high reached at the beginning of this year fell just days after the time cycle high was reached, creating the first significant (over 10%) decline since the last cycle high was reached which in turn created the first significant correction (21%) since the Euro problem lows of 2011. Looking at the longer term we can see that the mid cycle high point has been broken. The next cycle high is due on 27.7.20 - look for the next standard deviation of 9-11% minimum at that point and a maximum of 19-21%. The pattern suggests it will still be the correct policy to buy that dip. The grand cycle high point arrrives on 13.2.23 when all holdings should be sold into the final high at which point prices should roughly halve in value during the ensuing 2 year bear market. The future is a J curve. Back in the day of robber barons men would find oil or gold and sell it and hoard the proceeds - now they tend to re-invest profits in AI and the future. And the more they invest in the quest for ultimate domination the faster the future comes at us. Why fight this trend? It's a buy dips market through to early 2023 according to this chart.
NASDAQ:IXICLong
by sumastardon
2
BTGUSD Full rinse out - ready to go again ahead of weekendBTGUSD Full Rinse Out Ready to go again Back in the buy zone ahead of weekend- it's been to the lows at 193 where it was an outstanding buy and may present another opportunity either from lower down again towards 193 or alternatively once 212 has been regained and holds for a few minutes. The 191 level must hold up today to avoid further significant weakness back to 151 (a good short/reversal level for longs if we see it)
BLong
by sumastardon
1
BTGUSD More tradeable downside hereBTGUSD Still running within the same sets of rising parallels, BTG took 10 days to more than double from its lows. A laggard. It's still unwinding, making a similar continuation pattern to the one that has just preceeded it...it may try to rally one more time to 348/9 but once 321 gives way it should fall to 299-289 range, worth shorting. Whilst trapped within the falling parallels from the highs BTG will remain in a weak technical position. To turn back to bullish from here BTG will have to break above 352 and hold (not spike higher and fall away) only then will it look safe to follow for move up to 391. But the chart is saying more downside is likely first.
BShort
by sumastardon
Litecoin's $500 DecemberI have already stated LTC will hit $500 in December: Also stated we are getting close to a major correction: I feel as if we will hit the final wave and move upward before we start seeing a correction back towards $300 range. From there we can probably resume a normal 45 degree trajectory of growth We are at the cusp of a breakout and it will be exciting times for everyone involved. The recent corrections we have seen, when LTC first hit $100 and dropped to $78 and now, LTC hit $420 down to $250, are minor ones. We can expect one final big break and then we can resume a normal growth trend. Not calling a TOP because with crypto there isn't one. Its pure fomo and emotions. Everytime we see a massive dip we see it being eaten alive and a fast and quick recovery. I can expect the same with the huge influx of investors and newbs in the market. I get phone calls on the daily in regards to crypto and it has getting to become a headache :P haha. Regardless more money to be made. Simple TA here, nothing fancy. Expect $400-550 soon, minor/major pull back depending on the market. Then we can go from there. I can expect bonuses and tax refunds pumping into crypto. We are still at infancy and LTC will go to $1000 Q1-Q2 2018. Going to be fun times. Go ahead and accumalate in the mid to low $200s. Strong support at $300 on GDAX so you can intiate small position from there. We can expect movement in the next couple days. Historically, most of my TA's are effective 1-2 days prior :P
BITSTAMP:LTCUSDLong
by regalia
35