LINK 3 scenarios at the first quarter moonI have outllined 3 scenarios.
First, there is the green line where we break up out of this triangle and retest the dotted trendline. This would likely be sparked by bullish news about staking. There was this article that came out yesterday where we are finally given an estimate of staking which is rather sooner than most anticipated. thedefiant.substack.com
"In the coming months, he’s most looking forward to continue supporting DeFi, increasing the number of data inputs Chainlink provides, and adding staking to better align incentives for node operators."
Personally I do not see this as having a big impact on price in the short term, as it could be any number of months. Furthermore, this is a secondary source so it could be misquoted or even fabricated outright. However, it is possible that LINk breaks up out of this triangle anyway, announcement or not. This could be a "buy the rumour, sell the news" outcome.
The second scenario is the red line where it fakes out with low volume and slides along it then dumps. This is quite a common pattern historically for LINK. If this happens, it could turn into a wedge (yellow line) then probably put in bearish divergence and dump. It could still go as high as 4.34 from this.
Thirdly is the orange line where we simply reject the trendline and eventually break down. This is supported by declining volume in this greater uptrend (click and drag scale to zoom out.) However this is normal in a triangle or wedge formation for breaking in either direction.
Between today and tomorrow is a half-full moon, or first quarter so I expect some action between today and then. Have a look at what happened halfway between new and full moons in the past if you are interested. ;)
Until then, watch volume and let me know your analysis in the comments.
Love,
Etch <3
Moon Phases
Moon Phases ( Indicator ? )Hi, everybody.
I'm not going to do a chart analysis this time because I scrolled through the indicators and found a really interesting one. It's called "Moon Phases'' .
It made me curious because I didn't know it, so I did some research on the net, but I can't find anything interesting. Do any of you operate with this strategy? How does it work?
Link EW ProjectionVery likely we'll see 4.27, as it is a measure move of the bull flag, and the 1.618.
4.20 is also resistance though- wick of day after ATH.
Eyes set on 3.79 for re-entry/ adding to position.
Little resistance on wave 5, likely to surpass ATH.
If it goes above the 1.618 without a retracement, could go straight to $4.50-$5.
Funding ends in 1h, could see some profit taking of longs and entry into shorts.
RSI daily resistance at 85 and 89, could see those levels before a retrace
Oh and a message to my followers, the moon phases indicator on tradingview is being weird lately, the full moon was on the 9th but it did not show this cycle until yesterday. If only tradingview had a way to create data feeds without a single point of failure...
Please don't forget to leave a like!
Love,
-Etch
Penumbral Lunar Eclipse Wolf Full Moon 10/11/2020Chainlink is going somewhere, if I were you, I'd go all in.
This is not financial advice.
Look at the chart, bullish divergence, many important fib levels and EMAs been taken out. Price action looking more and more bullish by the hour.
Check the other time frames by yourself. Or just buy chainlink, you don't even need to look at the chart to know this is going to be a win.
Don't forget to leave a like!
-Etch
Menstrual cycle based Ichi settings work best with #Bitcoin $BTCThe average calendar month is 30.4375 days long (365.25, accounting for leap years, divided by 12.) But there are four other month durations based on actual astronomical and biological cycles and events. These cycles affect everything from jellyfish mating schedules to spikes in crime, human ovulation... and apparently Bitcoin EMAs and Ichimoku Clouds.
Here are four other month types:
Synodic month: A complete cycle of phases of the Moon as seen from Earth, averages 29.530588 mean solar days in length (i.e., 29 days 12 hours 44 minutes 3 seconds); because of perturbations in the Moon’s orbit, the lengths of all astronomical months vary slightly.
Monthly Menstrual cycle: A monthly cycle which averages 28.335 mean solar days in length. It happens to be the exact average of the Synodic and Sidereal months and determines the process of ovulation and menstruation in women and other female primates.
Sidereal month: The time needed for the Moon to return to the same place against the background of the stars, 27.321661 days (i.e., 27 days 7 hours 43 minutes 12 seconds); the difference between synodic and sidereal lengths is due to the orbital movement of the Earth-Moon system around the Sun. The tropical month, 27.321582 days (i.e., 27 days 7 hours 43 minutes 5 seconds), only 7 seconds shorter than the sidereal month, is the time between passages of the Moon through the same celestial longitude.
The draconic: A month of 27.212220 days (i.e., 27 days 5 hours 5 minutes 35.8 seconds) is the time between the Moon’s passages through the same node, or intersection of its orbit with the ecliptic, the apparent pathway of the Sun.
To determine the number of hours in each month for the purpose of charting simply multiply the daily durations by 24 hours:
Calendar month: 731 hours
Menstrual cycle: 680 hours
Sidereal month: 656 hours
The spread is enough to affect the EMAs significantly on all timeframes as well as support and resistance levels in Ichimoku clouds on all timeframes.
The charts that follow Sideral and Menstrual cycle charting methods best are the following:
1 Minute
5 Minute
30 Minute
1 Hour
4 Hour
1 Day
3 Day
This is likely do to their common denominators in terms of time. Don't even bother with the 15 minute, the 6 hour or the weekly charts they are likely following some unnatural time frames imposed on us by patriarchal society and A type personality, no skin in the game, academics who know nothing about how the moon affects the rest of us.
In the chart above you will see that the 24 Sideral month EMA (green line) is what determined support for all those months that BTC kept bouncing around $6000.The exact levels make no sense until you look at that Sideral EMA. BTC recently bounced off the 72 Sideral month EMA (green dots) after the yearly low had pierced through it for a few sols (days on any planet).
On shorter time frames chart using Menstrual cycle EMAs. While yesterday BTC bounced off the 1.5 Menstrual cycle EMA (a period of time encompasing not one but two ovulations) today it is has stabilized on the 1 Menstrual cycle EMA. These two EMAs have been providing resistance and support since the capitulation a few moons back.
Behold the accuracy of the support levels on the Menstrual cycle Icimoku cloud in recent weeks.
Next Monday Is New Moon and Let's See Where the Market Will GoMonday, February 4, is New Moon. 70% of the time we may see the market rallies into New Moon followed by some kind of sell-off and thus either this Friday or Next Monday might prove it's a market top. Let's see where the market will go on Monday then.
By the way, I have just found financial astrologer, Osher's interesting video: www.youtube.com .
To find out the accuracy of his predictions, you may like to check his historical videos: www.youtube.com And you must be impressed.
This is his Facebook: www.facebook.com
Osher wrote on January 31:
Wake up, S&P500 is showing gains.. really? to what I see through astrology all what move up now will be painted in dark red already next week or late tomorrow February 1st (specifically after February 4th - Aquarius new moon).. Note that bond market is plunging - Gold is rising, S&P500 does an excellent honey (bullish) trap due using derivatives & options; Everybody that are long on Stock market now will panic like hell during first part of February. (People that are excited from every day 0.3-0.6% will get fascinated to see loses like in November December 2-4% a day).
Longing $QWARK. I expect to see potential 2x gain by Q1 2019Looking like it wants up again, RSI turning up, Bounce on ICHI cloud lagging span and getting ready to move here after the weekly closes. Moon phases are holding price back but will have solid movement by the 22nd of December and will peak around the 5th day of the new year. I also expect to see a heavy correction for the rest of Q1, gearing up for strong movement higher in Q2.