PEAK - This is a bull flag pattern. Money flow is positive. Several small insider buys during the lows of March 2023.
Introduction In the ever-evolving landscape of cryptocurrency trading, the ability to interpret market indicators is invaluable. The latest data from Bitcoin trading charts presents an interesting narrative: Bitcoin, the flagship cryptocurrency, might be showing signs of an impending shift in its market trajectory. The chart shown, which tracks Bitcoin against...
This post is based on the little information available at the time of its posting, so it's to be taken as speculative. There's not enough previous chart information to make a decent call, but based on the one method I do have that might suggest the best exit level, $110.00 appears to be it. This is only an exercise in prediction, not trading advice. I'll update...
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It's looking like a selling opportunity at my levels above. I doubt its a peak that will hold for weeks but there's definitely some potential for downward movement afterwards. Calling tops and bottoms can be dangerous but if there is a time to do it, I believe that we are getting closer to that time. I believe that there are poor blokes underneath us who've been...
Last cycle , (if market manipulation is wasn’t a “thing”!) Wonder where that vertical line on the right would have gone… Hmm, perhaps we’ll see that somewhere soon!! Anyone wants to buy a Bitcoin? Get ‘em while their hot!
A few points to consider a $33 trillion dollar crypto total market in late 2024 early 2025. As you can see from this 3 day chart that we have one low in 2015 at $2.1 Billion and the high of $792 Billion in 2018. The number of days from this low to the next high is approximately 1,066 days. If our next low comes in early 2023 and we use the 1,066 days for the next...
Using the BLX chart on the 2 days to show Bitcoin as a scenario 2 possibility for Bitcoin reaching this $330k value by April instead of the end of year 2025. there are certain parameters used to make this assertion. On the first bear market of 2014 from the bottom to the next higher low was about 220 days and then the bull started for the next cycle. The next was...
30 min time frame. used Fibonacci to draw (ABC) correction waves. this days, US markets are been a lot volatile. LET ME KEEP MY OPINION OF WHY MARKETS ARE VOLATILE: SINCE MANY OF THEM THINK THAT US INFLATION HAS REACHED ITS PEAK, AND ON THE FLIP SIDE MANY OTHERS THINK IT YET MORE NEEDS TO TRAVEL UP. this basically is causing a lot of volume in the markets. bulls...
The Covid Crash was like a reset on all assets and ever since, AMEX:USO has been outperforming the SP:SPX . The ratio peaked on mid-June and it looks like is actullay forming a head & shoulders top. This is bullish for stocks as I think the indexes already bottomed (in mid-June). But remeber, is not confirmed until the breakout on the neckline happens.
DXY is going to top, the parabola on the DXY is comparable with meme stocks, unbelievable, they really did something wrong with the dollar, good luck for the American middle class, Dollars of tomorrow will be like the euros of today, a hot potato... my playbook for the end of the year: Short DXY long SPX500
Update of the trend lines after the FMOC; From here I would say it's safe to go long in stocks for the rest of the year, FOMC has reached peak hawkishness, inflation has peaked, the dollar is out of gas, almost not even moved after the FOMC, triple divergence in the monthly RSI ; Right now I would take the contrarian attitude, I would short the Dollar and go...
DXY officially peaked after J Powell meeting, IMHO, technically there are divergences at the month RSI, that is a inevitably reversion sign, is like a marathon runner drinking martinis, it will fall but when? I think the time has come
There are a lot of discussions about whether or not the 2022 corrections bottom is in. This idea attempts to compare the 2022 bear market correction with 2008. Peak to Trough, the 2008 GFC lasted 17 months. The 2020 and 2022 corrections were both nearly identical in price, but recovery in 2020 was assisted with QE while 2022 face increased tightening. The...
Could we see the DXY target this curve metric all the way to $119? I am using a fractal as a visual for this possibility. This target has great resistance back in 2001 and 2002 as the DXY peaked several times. Interesting to see if we will respect this curved arch all the way through. This arch is parabolic till October 2022 if it respects the metrics.
Now, this is a story all about how My rates got flipped-turned upside down And I'd like to take a minute Just sit right there I'll tell you how I became the fresh print of a town called Wall Street In West Chicago born and raised On the bond market was where I spent most of my days Chillin' out, maxin', relaxin', all cool And all buying' some spreads outside of a...
All the ideas are on the chart. You need to know that you should ignore if RVGI crosses in series, it only makes sense if it crosses after not crossing for a long time. I can see that I ignore a couple of things like we didn't spend all 365 days on bear market after last downside cross of RVGI, actually no explanation for that I just think from 64k to 69k in 7...
I want you guys to tell me when Bitcoin could possibly reach its next cycle top. I have three suns illustrating where this may happen. Out of these three which one do you think it will be?