Chainlink Cycles The link marines have a sour taste in their mouth , they are confused on why the link is not going up . If you go to the official chain link twitter you can see with every official link post showing the project's massive progress is met with a wave of angry investors asking why the price is falling and calling for the end of Chain link .
All we need to do is take a look at the whole picture to get an idea why the link is going down, look at that parabolic ascent since 2018! How can one think that this ascent was sustainable , it's been on a godlike run for years 32000% since June 2018 and yet everyone has lost faith in the project.
The link marines need to come to terms that Link had its blowoff top and has gone into a bear market and for the record link has been in a bear market before and that was 2018 , price retraced 88% and took about 500 days to return to all time high.
Chain Link could very well be repeating its bear market pattern from 2018 before continuing on another multi year run. If so I do believe that the bottom is not in , I still think Bitcoin is yet to capitulate , check out the TA below.
So if Bitcoin does capitulate to the 200 weekly moving average then the link still has to bottom . The golden box you see there is where I think the link will bottom sometime Late May -July 2022. If price does drop into this golden box then most likely it would wick down so best to set limit orders at 7.5-9.5 Dollars.
Why would the link price start dropping May 2022 well we have a time frame because of this Time fib chain link sequence on LINK/BTC dominance chart.
23rd May 2022 put it down in your calendar what happens this date I don't know it could be a pivot down ,up ,bottom or nothing.
Last few dates have gone up .
Now two new discoveries today that I found first is that the Fib spiral seems to come around back in July 2022 which is interesting because that's when I think we will have a cycle bottom in July 2022 , we normally take 30-50days to cycle bottom from major pivot so pivot end of May 2022 lines up with july 2022.
USDT dominance is the key to finding the bottom and that Fib sequence on that chart points to a July 2022 bottom.
The next discovery is a new Chain link fib sequence which as you see has hit every single top so far perfectly , amazing find today ,next date 3rd October 2022 , thats the Fib time dates on the main chart above.
So with everything I have found with Chainlink and these dates what I think could happen is the following :
1. 23rd May 2022 start pivot down to capitulate
2. Find a Bottom in the Golden Box around July 2022
3.3rd of October 2022 starts a parabolic run.
4.19th June 2023 return to all time highs.
So breaking the descending wedge on price and weekly RSi before June 2022 will invalidate everything .
Invest
AND it's still going UP!?!Hello everyone
In the past couple of days (10-12) NEARUSDT been accumulating between 17.50$ and 15.50 in daily and we had a spike in price eve of Apr 07.
Anyway in higher time frames, It IS still going up, and investors may still hold on to what they have, but in lower time frames ( day trading and scalping) , I have been buying on 15.55$ and selling (and shorting) on 17.50$, and it worked for me.
Considering that the price keeps making higher lows, investing in this asset might be a good option (this is my opinion and not a financial suggestion).
For now, we have a hanging man pattern on Apr 14 and had a pretty good bear channel in 4 hours time frame, and a head and shoulder pattern.
USDT All Time High Incoming!Have a quick look at the TA below first.
This ascending channel is going to be the key to pinpointing the bottom of the bitcoin cycle. What we have is a "W" pattern formation on the daily which if completes has a breakout target to the top of this channel.
Now my perspective on the next 60days is that Bitcoin will make a move down to the 200weekly sometime end of May 2022 check out this TA below.
August 2022 is the next Fib time zone date , the last two have been fairly good for pivot points but nothing amazing. What is interesting is that 1.618 Fib , 3.618 time fib and the top of ascending channel come together nicely.
If Bitcoin does infact make a move to the 200 weekly at about 22-23k then that would mean USDT would make a all time high and hit the top of the ascending channel marking the bottom.
The Triangle Of Death (Bitcoin Event May 2022)We have been here before , August 2019 to be exact. Traded the same type of triangle down to a 7k Bitcoin at the time. Take a look below (First TA so rough around the edges ,also ignore the x50 it was a different time lol)
Just like 2019 I think there is more a chance that we come down than up.
Fib Circle 2.36
Fib Time Zone 2.618
Last week of may 2022 we will most likely break this triangle down to the 200 weekly.
200 Weekly Prices
Today - 21000
May 25th -22400
July 23rd -24100
Price can of course wick down lower than the 200 weekly it has historically but we have never closed a weekly under it , take a look below .
The last Chainlink fib sequence will come into play , May 23rd 2022 , using LINK/BTC dominance chart I discovered this Fib time sequence that has caused massive moves in LINK and BTC so next and last date May 23rd 2022.
So last two death cross on the 3D chart has resulted in Bitcoin moving down to the 200 weekly
Predicted cross 19th of May .
And finally on average it takes Bitcoin 400 days to go from cycle peak to 200 weekly, which end of may would be 400days.
(segment taken from previous TA ,)
The top in April 2022 was the true cycle top the one that followed after was just pure manipulation , that run to 70k was just a trap , with only half of the Bitcoin address active for that run , price still managed to get to all time high and like clockwork the 7-10 year old wallets come in again and sell a massive amount of Bitcoin creating yet another Bitcoin top. So yeah that run was created by the few ,there was no hype , no retail just whales. Take a look at the link below of on-chain data.
ibb.co
So everything all of sudden is coming together for end of may 2022.
1. End of the Fib circle 2.36
2.End of Chainlink sequence May 23rd 2022
3.200/50 Death Cross 3D predicted cross
4.Average of 400 days from Cycle Peak to 200 weekly
Its so crazy seeing everything lining up , Buckle up!
Euphoria BlindnessWouldn't it be amazing if there was an indicator out there that would pint point Bitcoin cycle tops. Does such indicator even exist?
Well what you see in the chart is in fact the best indicator ever created and everyone is quickly to forget what the Pi cycle indicator was telling you three days before the cycle top.
Now I know what your thinking November 2021 technically went higher than April 2021.
April 14th 2021 - 64900
November 10th 2021- 69185
(segment taken from previous TA)
The top in April 2022 was the true cycle top the one that followed after was just pure manipulation , that run to 70k was just a trap , with only half of the Bitcoin address active for that run , price still managed to get to all time high and like clockwork the 7-10 year old wallets come in again and sell a massive amount of Bitcoin creating yet another Bitcoin top. So yeah that run was created by the few ,there was no hype , no retail just whales. Take a look at the link below of on-chain data.
ibb.co
My theory on why April was the true cycle top and not November.
Indicator Overview
The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days.
It uses the 111 day moving average (111DMA) and a newly created multiple of the 350 day moving average, the 350DMA x 2.
Note: The multiple is of the price values of the 350DMA not the number of days.
For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking.
It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number.
www.lookintobitcoin.com
So this indicator predicts cycle tops three days before its peak and guess what we had a cross April 12th 2021 and we peaked three days later on on April 14th 2021 (counting 12 as a day) the Pi cycle crossed marking a Bitcoin cycle top. At the time the euphoria in the market was so powerful that it blinded everyone from what this indicator was telling you.
It was the first time since the last cycle top and cross that everyone used this indicator and I remember countless of traders calling out the Pi cycle indicator for failing. Its incredible how blind euphoria and greed can make you, we had the signal right there in front of us with just a simple cross and yet most of the market disregarded it.
This is the most powerful cycle top indicator ever created and when the next cross comes and euphoria is all time high , will you sell ? or will you disregard it?
Don't be like Bully Maguire...If you are feeling the emotional swings of Bitcoins price and you want to trade with confidence then this is for you.
The following things I am about to talk about drastically changed the way I approach trading.
They are so powerful in their application...
No need for cheap gimmicks and fancy tricks.
So here it goes:
Operate on first principles.
Millions of traders have SOS...
Shiny object syndrome.
They chase every "new" technique that hits the market, it doesn't matter if it works, aslong as they got to try it and didn't miss out on anything they will be happy - for a time.
It is marketing 101 to rile up those emotion in traders, don't fall for it.
Be stoic, hold your ground and stick to first principles.
If you don't I can tell you in my experience (9 years), you will chase strategies and ideas like they are a sold gold brick but they will just turn out to be gold dust that will fall through your fingers at a moments notice.
You will move throughout life with a chip on your soldier, negatively affecting those around you like a cheap knock-off Bully Maguire meme.
So...
What are the first principles of trading?
And how do you act from first principles?
I am not allowed (house rules) to provide you with a link to these questions so instead use your deduction methods Sherlock to find your answers.
Stocks To Watch This WeekMany names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 23 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
XRP Long ThesisAs I study the daily chart, I realize the EMA Clouds have been converging for a while. In my opinion, this only means one thing, and that is, XRP is ready to make a big move. Due to Swift restrictions, I believe this coin will play a substantial role in the transfer of capital in the coming months. It's on sale if you were considering investing long-term. I'm very confident in this.
Capitulation down to the 200 weeklyI think this week has been a very important week for Bitcoin and I have not seen anyone talk about the fact that the 200 weekly moving average is now at the previous all time high at 20k.
This is a very important thing to take note of because we have never closed a weekly candle under the 200 week moving average in Bitcoins history it has been a hard bottom for Bitcoin in bear markets and even the Covid crash 2020 , take a look below
Also found something interesting in this chart and that is the last time the 200 weekly hit the previous all time high in December 2017 it was the top of that current cycle, just something to keep in mind.
So there are three projections I'm currently following right now , take a quick look at my previous TA to get an idea on where I come from with this TA.
Any price action under the 0.5 or 0.618 Fib means nothing , until we close and hold 0.618 as support we are still in a setup for a much larger distribution leg down. The leg down will most likely find a bottom at the 200 weekly moving average which as of right now is at 20k but if we quick estimate we find the 200 weekly would be somewhere around 23k-24k by May 16th 2022.
So I have laid out three different outcomes I'm following right now .
Green Circle - This would be the lowest probability outcome out of the three ,come May 16th price breaks 0.618 and the bull market resumes.
Red Circle - This would be the highest probability outcome , come May 16th major pivot for a huge leg down to the 200 weekly.
Blue Circle- I would say this one is somewhere in the middle , come May 16th price will find a new cycle bottom at 23-24k at the 200 weekly.
It all comes down to how price reacts in this orange box ,if we do get any sort of rejection of this area or a double top pattern forming that would be the confirmation that the red or blue circle will play out.
We already had two 55% draw downs , whats one more to the 200weekly at 65%? historically it would be the best time to buy Bitcoin , one thing is for sure if we do hit 200 weekly you can expect OTC outflow to hit all time high.
VETUSDT TECHNICAL ANALYSISThe candles break out down trendline and one candle open-close above to down trendline. Also, MA changed to direction as well. Not only that, we have received multiple buy signals from @EngineeringRobo as well and Candle is staying above to support line as well. If market not get any correction in short time, we may earn approximately 46%. Let's follow our analysis together and do not forget the follow me.
"NFA"
DOGEUSDT TECHNICAL ANALYSISDogeCoin lost over 82% of value since May 2021 till now and hasn't reached ATH yet. The candles are in triangle and we have got couple signals from our robo advisor @EngineeringRobo . Cloud hasn't turned green colour yet in daily time frame but when i was looking for 3H time frame, cloud already turned green. The candle break out first down trendline and any of the candle hasn't open close above to first down trendline yet. If one candle open close above to trendline (Hopefully it will not be fake break out) and candles need to stay above to up trendline then we my start earn something. Let's follow our chart/analysis together.
"NFA"
Stocks To Watch This WeekMany names are holding up well in this market. Get a pen and paper because I go quickly and make the trade your own.. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 25 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Big dumps of Btc is getting smallerBitcoin is just growing and these little dumps are just ,Water for the Plant; Necessary.
If we take a look to the long term ,after every ATH ,Bitcoin starts to correction.
But these corrections are getting smaller in percent;
Eg :First time 85% but then 72% and 55% ,50% and what you think is next ???
Of course its lower
See you at the next ATH 100K.
Keep in profits.
Bitcoin Bottoms May 2022Interesting Time Fib lands May 18 2022 which also lines up with 4.236 circle fib.
This date could be the bottom for Bitcoin , price could easily wick down to 25k before closing at the 1.618 Fib at 28k.
Best time to take profit would be sometime late March at 0.618 Fib at 51k.
Fractal of Doom Part 2Check out the TA below first .
At the time didn't think of it much but then I took a closer look and what I found is the most amazing mirror fractal from the 2018 Bear market.
God dam its hard to swallow this one , seems we have been in a distribution phase all along.
Mirror fractal with the double top divergence exactly the same unreal question is do we get the retrace up to 0.618 before dumping again , if so Febauary will be a green month followed by dump mid March 2022.
The fractal from 2018
-_-