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9 weeks rally and then what? Similar pattern to 08, everyone talking about repeating the same pattern, even the news about banks defaulting are the same, and even the hero of 08 is the same Dr . Burry. Move to 100ma and then back to 200ma? and then everyone sees it and goes short? yea...... I am contrarian here if everybody sees it and talks about it I would rather do the opposite. Do your own research, all of the above is out of my imagination, please trust no one's opinion. Look first/ Then leap
SP:SPXLong
by Philoslother
2000 vs 2022Some similarities between 2000 vs 2022 1. Before reaching ATH the index did a very sharp decline of 33% 2. It took the index 17 bars to reach an ATH vs 20 now 3. Found support on 40SMA after 9 months from ATH vs 7 now 4. Mass retail participation 5. .com mania vs crypto mania? (did luna just popped the bubble?) 6. Interest rates were falling back in 2000 vs rising now (tradingeconomics.com) 7. Inflation was not even close back then to what is is now (tradingeconomics.com) What to wait for 1. Holding or not 40SMA!!! 2. Where RSI, MACD & DMI will head towards next months 3. The index went -18.35% lower than the previous big decline which equals Nasdaq declining just above where the previous wave ended 4. It took the index 23 months by the time it touched for the first time the 40SMA to bottom which means April 2024 just 6 months before the elections When the bubble burst in 2000 nobody really blamed the "system" like in 09 simply because everybody participated in it. It's like blaming yourself! How many people have the courage to do that? Could the same be told about the current situation? Yes, governments printed trillion of money but they did not put a gun in your head telling you, it's either you invest in crypto/stock market or you are done. We participated because our friends and family did, we participated because we were greedy, we participated because we believed in a fairytale and we participated because we wanted an"exit" from the system but all we did was feed the system! I cannot really find any really strong arguments to support that the same will not happen again in the not-so-distant future. I am only thinking that if it is that obvious maybe the markets can stay irrational longer than we can stay solvent! I stand by the Tradinview's motto LOOK FIRST/THEN LEAP
TVC:IXIC
by Philoslother
1
Bitcoin Analyze (Similar Movements ❗️❓)⚖️In this post, I tried to use from Pi Cycle Top Indicator for finding similar movements between two cycles, First cycle:2013-2014-2015 , Second cycle : 2020_2021_2022 . 🔅 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. It once again demonstrates the cyclical nature of Bitcoin price action over long time frames. Though in this instance it does so with a high degree of accuracy over the past 7 years. 🔴I was able to find 5 similar movements between two periods and according to my counting waves (My previous posts), I think that the sixth movement at cycle 2 will happen like cycle 1 . What is your idea about these movements ❗️❓ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
BITSTAMP:BTCUSD
by pejman_zwin
11
GOLD - Time To Sell !!!The geopolitical event has helped gold to set a new all time high (what would probably happen anyways at some point). Right now people are very scared, and are fomo buying commodities like metals, oil, gas futures, and so on... right at their all time highs. Think about it... they make retail investors sell equities at their local bottoms to FOMO buy commodities at their tops. Given that everything has become more expensive, especially OIL, this could drive more inflation (money printing) in a short term, eventually resulting in equities going up and commodities going down (in this example gold). But only for a short period of time (few weeks to maybe months). Structurally Gold could be doing the same reversal pattern we saw with Bitcoin topping at 69k. I've put btc price topping next to the gold chart so you can see how simmilar they are. I am trying to be a head of the croud here. Very simmilar structure could play out like this. My call is a BIG sell for gold right now. I might be wrong but there are just to much confluences in the market right now between equities and commodities. I am not a financial advisor so non of this should be taken as a financial advise. Be well. OANDA:XAUEUR
OANDA:XAUEURShort
by CR35
5
Do it like GreeceStudy the greek economy & politics from the period 1990-2012 and you might find a lot of similarities with that is currently happening in the US. Greece experienced a credit boom from 1990-2008, people however were living above their means. We faced the biggest bubble in Greece's economic history during the 1999 when everybody was playing the stock market! and i mean everybody! i remember my father telling me that the biggest sign he saw that the bubble was about to pop was when his mother in law (late 99) came and told him that she wanted to play the stock market as well! When he asked her why she replied: because the other granny across the street is making money... That was the sing! who the hell was left to buy???? Then the bubble popped together with the .com bubble but people were not selling in the contrary in 2003 they start borrowing and selling their houses,farms whatever they had and played all in! because in their mind and in the media that was the bottom! The ultimate buy the dip!!!then we had the golden age of modern Greece! Various outstanding sports events wins! like the Euro 2004, beating the US Basketball Team, and the cherry on top hosting the Olympic Games of 2004, oh boy euphoria was back in the game and this time for good! We were borrowing more and more money to live a life we could not support! our debt got bigger and bigger but when the 08 housing market popped it was time for us to pay our debts! You know what happened next! check the graph here (www.capital.gr) but only till 2012 because then we had to recapitalize our banks 4 times so the graph is not representative of the whole market. From a political perspective the 2 biggest political parties left and right had to form a government together in order go through this tough period. Our debt was restructured and taxation went sky high! especially for the middle class who paid the majority of the bill! How are things now? well we sold almost all our assets to foreign investors/countries for peanuts! we got used after 10 years to a -50% income and prices are something like 100%-200% higher than 2000...
SP:SPXShort
by Philoslother
Bitcoin Analyze (Similar Movements ❗️❓)Bitcoin is running in ascending channel from the middle of July until now. In this post, I will compare four rallies that Bitcoin has passed from 21 July until the current price. each rally has been made from two pivot points. First, I will explain the features of four rallies. Bitcoin Analyze ( BTCUSDT ) Timeframe Daily⏰ Rally 1: start date: 21 July 2021 End date: 07 Sep 2021 Rally time: 49 days Price growth: +80.76% Rally 2: start date: 07 Sep 2021 End date: 21 Sep 2021 Rally time: 14 days Price reduction: -23.34% Rally 3: start date: 21 Sep 2021 End date: 09 Nov 2021 Rally time: 49 days Price growth: +74.36% Rally 4: start date: 09 Nov 2021 End date: ❓❓ Rally time: ❓❓ Price reduction: ❓❓ Second I tried to find answers by comparing rallies and Fibonacci tools (if you look at my chart carefully, you will know how did I find responses to questions marks). End date: 21 Nov until 04 Dec Rally time: 14-25 days price reduction: -24% until -21% I am expecting that bitcoin can reverse from 55620- 52000$ at TRZ 2. reversal can happen with one of the reversal patterns such as double bottom pattern. Note: if bitcoin losses ascending channel, we will see a bear market or range market until the end of the year. My Suggestion: if you want to have bitcoin on your portfolio, you can buy it in one or two step for around 55600$ until 52000$. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
BITSTAMP:BTCUSD
by pejman_zwin
21
Bitcoin Analyze (Cycles 🔄 + Head and Shoulder Festival)!!!Hi, Today when I was sure about the head and shoulder patten's necking line was broken (Trusty) + when we have 2 new major pivots that we can find new targets for ending this bear rally, I decided to update my last post about Bitcoin (Topic: Bitcoin Analyze (Cycles)!!!🔄== it moved as I expected✅👇). Bitcoin Analyze ( BTCUSDT ) Timeframe Daily⏰ Location🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze_Road Map🗺️(Update)!!!'', this post is running well like my Cycles 😊. Cycles🔄: we have 4 cycles on my chart, cycles 1&3 are Ascending, cycles 2&4 are Descending. again, I repeat the cycles specifications in this post. Cycle 1: Starting price: 29420$ Final price: 64854$ start date: 27 Jan 2021 End date: 14 Apr 2021 Cycle time: 77 days Price growth: 35612.28$ (121.79%) Cycle 2: Starting price: 64854$ Final price: 29278$ start date: 14 Apr 2021 End date: 20 Jul 2021 Cycle time: 97 days price reduction: -35576$ (-54.86%) Cycle 3: Starting price: 29278$ Final price: 52920$ start date: 20 Jul 2021 End date: 7 Sep 2021 Cycle time: 49 days Price growth: 23642$ (80.75%) Cycle 4: Starting price: 52920$ Final price: ❓❓ $ start date: 7 Sep 2021 End date: ❓❓ Cycle time: ❓❓ days price reduction: ❓❓ $ (❓❓ %) 🎯The aim of this post🎯: finding question marks for Cycle 4. for finding answers, I tried to check out the times and prices for cycles + I tried to use 2 new major pivots & Head and Shoulder pattern: Price growth cycle 1/Price growth cycle 3 = 35612.28$/23642$ = 1.5063 Price (percentage) growth cycle 1/Price (percentage) growth cycle 3 = 121.79%/80.75% = 1.508 Cycle time 1/Cycle time 3 = 77 days/ 49 days = 1.5714 From high ratios, we can know that number👉 1.5 👈 can be a key Coefficient for Calculations required for cycle 4. I used from 1.5 for finding a final price, end date, cycle time, and price reduction of Cycle 4. price reduction: 35576$/ 1.5 = 23717$ price reduction (percentage): -54.86%/1.5 = -36.57% cycle time : 97 days/1.5 = 64.66 day == 65 day Final price (1): 35440$ until 33400$, New Zone that I found from 2 new major pivots (Fib Tools) and Head and Shoulder Pattern's Target Final price (2): 33400$ until 28900$ ➡️ this zone is following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️'' end date: around 11 Nov 2021 ( probably on Nov or Dec 2021) ➡️ these dates are following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''. also, I set fan principle on our cycles and I tried to find the degree between lines of fan principles by key Coefficient 🔥1.5🔥, we can follow Bitcoin with this pattern. The degree between line 1 & line 2 (red lines) = 17° The degree between line 1 & line 2 (Blue lines) = 17°/1.5 = 11.33°== 11°== this degree worked well, we can see on my chart how did degree work for us 😉. also, we can see 2 Head and Shoulder Patterns + 1 Reverse Head and Shoulder Pattern that they made our cycle. I guess that for ending this bear rally, we will see another Reverse Head and Shoulder Pattern. in addition, we have the same Downward trends line's Degree on cycles 2 & 4 on RSI + RSI was able to break Support 👇https://www.tradingview.com/x/GlqlgI5W/ Note: if the price can break my important Downward trend line == my scenario will fail. ❗️Sign❗️: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again === we saw 42850$ as I expected✅, try to use signs 😎 from this sign, we can find another target for ending this bear rally ==around 38000$ 👇https://www.tradingview.com/x/TlSYiVjK/ My Suggestion: you can follow my lines. probably my lines will work and help us👍😉. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
by pejman_zwin
18
Bitcoin Analyze (Cycles)!!!🔄Hi, today I decided to speak about similar cycles that can happen on Bitcoin . these cycles are verifying the way of my previous posts. Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰ Location 🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze_Road Map🗺️(Update)!!!''. Cycles 🔄: we have 4 cycles on my chart, cycles 1&3 are Ascending, cycles 2&4 are Descending. Cycle 1 : Starting price: 29420$ Final price: 64854$ start date: 27 Jan 2021 End date: 14 Apr 2021 Cycle time: 77 days Price growth: 35612.28$ (121.79%) Cycle 2 : Starting price: 64854$ Final price: 29278$ start date: 14 Apr 2021 End date: 20 Jul 2021 Cycle time: 97 days price reduction: -35576$ (-54.86%) Cycle 3 : Starting price: 29278$ Final price: 52920$ start date: 20 Jul 2021 End date: 7 Sep 2021 Cycle time: 49 days Price growth: 23642$ (80.75%) Cycle 4 : Starting price: 52920$ Final price: ❓❓ $ start date: 7 Sep 2021 End date: ❓❓ Cycle time: ❓❓ days price reduction: ❓❓ $ (❓❓ %) 🎯The aim of this post🎯: finding question marks for Cycle 4. for finding answers, I tried to check out the times and prices for cycles : Price growth cycle 1/Price growth cycle 3 = 35612.28$/23642$ = 1.5063 Price (percentage) growth cycle 1/Price (percentage) growth cycle 3 = 121.79%/80.75% = 1.508 Cycle time 1/Cycle time 3 = 77 days/ 49 days = 1.5714 From high ratios, we can know that number👉 1.5 👈 can be a key Coefficient for Calculations required for cycle 4. I used from 1.5 for finding a final price, end date, cycle time, and price reduction of Cycle 4. price reduction : 35576$/ 1.5 = 23717$ price reduction (percentage) : -54.86%/1.5 = -36.57% cycle time : 97 days/1.5 = 64.66 day == 65 day f inal price : 33400$ until 28900$ ➡️ this zone is following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''. end date : around 11 Nov 2021 ( probably on Nov or Dec 2021) ➡️ these dates are following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''. also, I set fan principle on our cycles and I tried to find the degree between lines of fan principles by key Coefficient 🔥 1.5 🔥, we can follow Bitcoin with this pattern. The degree between line 1 & line 2 (red lines) = 17° The degree between line 1 & line 2 (Blue lines) = 17°/1.5 = 11.33°== 17° in addition, we have the same Downward trends line's Degree on cycles 2 & 4 on RSI 👇https://www.tradingview.com/x/FT6TveII/ Note : if the price can break my important Downward trend line == my scenario will fail. ❗️ Sign ❗️: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES, and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again👇https://www.tradingview.com/x/0DMkFLmW My Suggestion : you can follow my lines. probably my lines will work and help us👍😉. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
by pejman_zwin
38
With out "Bias" With out "Emotions" this could be a dip to buy !The probability of it, not known no history to track & check for success rate as with our other studies. Just laying down the chart & you make up your mind. We might still have one more leg up "or not". I could be very wrong like big time wrong. But, nevertheless it is a possibility that we should not ignore . It is a probability that we should "observe" to say the least. Nothing is supporting this bullish chart all odds against it, but still some similarities do exits , and all options need to be checked.
SP:SPX
by samitrading
Historical similarities between February and SeptemberBack in January/February QQQ was holding a similar regression channel going back to October 11th, 2019. The regression channel was 2.5 standard deviation instead of 3 standard deviation that we had for our covid rally so it wasn't quite as volatile. For distribution days, usually you would use the Index to count them, but since QQQ is so correlated with NAS100 and has some of the biggest companies in the market, i'm also counting distribution days on QQQ. We had 3 distribution days in QQQ by the time we broke the regression channel in February. On Tuesday we broke through the regression channel we've been holding since April 6th. We had 4 distribution days on QQQ when we broke through the regression channel on tuesday. Friday marked a 5th distribution day in QQQ. In February when QQQ broke through the regression channel we attempted to break back through the 21 day EMA multiple times yet we couldn't break above it! So far since our drop on September 3rd, we have tested the 21 day EMA twice and have not been able to break above it. Also another historical thought: there's only been 5 other times since 1999 (the furthest back tradingview has charts for qqq) QQQ has dropped more then 8% in 3 trading days from a 52 week high. Just like always this is not a prediction I am just looking at similarities and differences between historical markets
NASDAQ:QQQ
by Hunter710
1
BTCUSD, Repeat Pattern of Exactly 3 Months Ago?While looking back on the Daily, you can see that almost Exactly 3 Months ago this weekend, BTC was in the same exact position within it's approximately 2.5 month long uptrend channel (as we have now too) while the 50MA is in process of beginning to crossover above the 200MA. Plus, if you compare that February top of $10,522 with the recent high at $10079, BTC is at very similar price level relationship comparisons as it shows that the prices just before the down moves were approx. $500 lower than the previous top before the drops & massive, fast downtrend. We also see very similar patterns developing on the RSI and Stochastic Indicators. Comments, and your point of views are welcome. Please like and follow, Thanks HP
COINBASE:BTCUSDShort
by MinerChad
1
ETH following BTC? Many similarities found.Hey there! DISCLAIMER: THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE. I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS! This is just for me to see in some months of time how my idea went! I have tried to find some similarities between BTCUSD and ETHUSD and have found some interesting stuff. The chart you see on top is BTCUSD, the chart you will find in this text is ETHUSD. For me it looks like ETH is hanging behind BTC with quite some similarities. BTC: - 1 month, 2-3 weeks until low after the big run up (70% down) - 2 weeks until auto-rally high (97% up) - 1 week, 4 days of down and up for retest (21% down and up) - 1 month until the low retest (45% down) ETH: - 2 months, 3 weeks until low after the big run up (75% down) - almost 1 month until its' high (133% up !) - ??? 3 weeks of down and up for retest ??? (26% down and up???) - ??? 2 months until the low retest ??? (around 50% down???) What we can see is that ETH moves slower than BTC, I'd say it needs almost double the time for its' moves. How can this help us now? If we try to predict the future, one could assume that now follows a phase of *maybe* 25% down and up for a retest of its' high some days ago which, if we use the time it needed before it *might* need 3 weeks. After that, *maybe* we will see ETH going down for about 50% which *might* take us a bit less than 2 months of time, according to how it moved until now. To sum up: in my opinion ETH price movement is very similar to BTC price movement, it just needs *almost* double the time and is slightly more volatile in its' moves. DISCLAIMER: THIS IS NOT TRADING ADVICE AND NOT FINANCIAL ADVISE. I AM NO FINANCIAL ADVISOR AND I AM NOT RESPONSIBLE FOR ANY LOSSES YOU MAKE. DO YOUR OWN RESEARCH, ONLY YOU ARE ACCOUNTABLE FOR YOUR ACTIONS! This is just for me to see in some months of time how my idea went!
BITFINEX:BTCUSD
by ttt4567