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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
Follow Up to March 19th Fibonacci Time Scale IdeaI published an Idea on March 19th pointing out the occurrence of BTC crashes on Fibonacci time scale lines. Most everyone using TA uses Fibonacci levels for retracement and extension of price right? So are Fibonacci time based markers useful? If the projected time range (May 12-16) produces another "event" then I'd say so. Stay tuned... In the meantime, I've been looking at alot of TA since the BTC turnaround and much of what I read wants to define the price movement LINEARLY through "channels" and "Wedges". When I look a the same data I mostly see CURVES. I see non-linear movement. This becomes, to me, more apparent when looking at much longer time frames. On this graph there are three curves that I've fit to the price movement. #1 and #2 are somewhat flexible depending on the chosen points but #3 fits really well. What I am interested in seeing from here is how well (or not) price follows the curve(s) and then how price/curves/Fibonacci time line all intersect. This is NOT a predicition. I see things that I find interesting/not the norm in TA sometimes and I share them. Do with it what you will. As always, comments are welcome and I hope that your BTC count increases!
COINBASE:BTCUSDLong
by drake7
Everybody is bullish again. That's because their not seeing thisHi friends, First of, I am actually bullish long term. However, short term we do still have some hurdles to conquer. For this reason, I still remain neutral to bearish short term. So let's take a look at what I've got here. You can see that Litecoin has fallen out of an important ascending channel (outlined in BLACK). At almost the same time, we also fell back under the 200dma. We're also under 58 on RSI, an important number as is 54, which we're currently just under and flirting with. My suspicion is that little Litecoin just wants to kiss daddy 50 and mommy 200 one last time before a final send off into next year. Be ready for that final discount window to open buyers. Peace and happy trades.
COINBASE:LTCUSD
by stewdamus
6
Interesting Curve FittingBack on March 19, 2018 I published an idea that simply pointed out the unique alignment of BTC price crashes with the Fibbonacci time scale. We refer to the Fibbonacci levels all the time regarding price levels so maybe the time component has something to reveal as well? Since the recent price reversal I see alot of TA that uses "channels" and "wedges" to establish boundaries for and to predict price movement. When I look at the same charts I see curvature, not linearity. I have fitted 3 curves to the 4hr price chart to highlight what I see. Curves #1 and #2 can be changed slightly depending on chosen endpoints but they wont vary by much. Curve #3 however is a really good fit and its so interesting to me how it so nicely fits with the bottoms of price movement. My Fibbonacci time target is only a few days ahead of us now and I am so very interested in seeing IF that day (range) holds any surprises AND how the curvature I've pointed out plays out as we hit the Fibonacci date(s). This idea is NOT a prediction. I like to share some of what I see and find interesting. Thoughts and comments are always welcome.
COINBASE:BTCUSDLong
by drake7
New Bitcoin Buy Zone Identified! 7.5-8k I'm sorry for the messy chart folks. I do a lot of work on my charts trying to get these calls right. Let's go through some of this stuff and I'll show you what I've come up with. First off, one of the reasons why I put off posting this chart was: -A) because the Head-and-Shoulders that I'm about to show you was still so incomplete and -B) with all that bullish sentiment here on TradingView I was not sure that it would complete. So we were in an uptrend channel (PURPLE). Even with that momentum, the charts were showing me we'd probably not go much higher than 9.5-10k. Why? See that BLUE down-trending line? That's been there since mid-Jan and the bullish momentum already seemed to be fading around 9.3k. But even if we did break the BLUE, above it on the DAILY stood the 200dma, a formidable foe for those bulls to be sure. It stood at 10k. Ole' BLUE was tested and the bulls knocked their heads so hard up against it that it sent them down and out of the PURPLE channel. A bearish sign to be sure. But this was just the start. It also helped to confirm that another bearish signal was forming and that is the Head-and-Shoulders you see. Now if we break that neckline, it should take us down to the 200dma (on the 4hr now) or lower. I have outlind your buy target zone in the chart. One more thing to mention. See my RSI chart? I noted about half a year or so ago that ole' Bitcoin likes it's 60 day cycles. Sometimes these cycles are extended, such as was the case in the beginning of this year. But I think I have found it attempting to get back on track. Whereas last year the cycles were 75% bullish (meaning the first 45 days were UP and the last 15 days were DOWN), this year I have found that so far the cycles are 50/50 bull/bear. So, the first 30 days seem to cycle UP and the last 30 DOWN. Tomorrow, May 1st, marks the halfway point of this cycle. It could be something, and then maybe not. Nevertheless, I thought I'd throw this theory out there for you all to consider. We'll see what happens here, but for now I've cast my buy nets in the green target zone IF that neckline breaks. Good luck all and happing trading!
BITSTAMP:BTCUSDShort
by stewdamus
1
Breakthrough the down channel to happen on May the 5th. Upon my calculations, using the below techniques I'm estimating an important impulsive movement, which likely will be UP direction, and should happens on 05.05.2018. Methods used: -ROC crossing MA. -2 x Fibonacci trend zone. Minimums and maximums appoints both to the same date! -ESCGO by Lazzy Bear indicators. Helps locating price cycles in time. -Fibbonacy Channels. -Simple horizontal support/resistance analysis. -Angled support/resistance analysis. -Structures. Yet, non of all of these together can be useful if you don't have a plan. Trade your own plan :) Good luck to everyone ! Th.
BITSTAMP:BTCUSDLong
by thor08
New Triangle and Death Cross Spotted for poor little LitecoinFriends, critics, foes. A few days ago I made the prediction that little litecoin would break out of that first purple triangle you are seeing here on my charts. That it did. I was confident that it would go up rapidly. Not so much. Here's what I missed and why litecoin is baulking a bit at this upwards move. I knew the 200dma was ahead, however, because I am not an elite "PRO" member here on TV, I was not permitted to also have the 50dma indicator (a basic member restriction) on my chart. It was not until I changed my MA time frame that I noticed the 50dma exactly where the 200dma was ...and crossing! When a downward 50ma crosses and upward 200ma, this is known as the "Death Cross", a bearish indicator. Additionally, I was observing that other analysist had been drawing another triangle on their charts. This one with a higher top than my first. I have drawn this new triangle on my chart. Notice how it also intersects exactly at the point of the Death Cross. I don't think I have to tell you that this is not a good sign. I know that I was fairly bullish in my previous post. And I had good reason to be. I did make good money on this trade, however, I am redacting my previous statement regarding holding for the long term as I am now doubting whether or not this is the longer term bottom. I am also lowering my sell target to between $140-$150 with these newly discovered indicators. I do plan on selling in this range. I will not become bullish again until we both break above this second triangle AND cross over at least one (preferrably both) of these significant moving averages. Stay safe. Peace and happy trading my crypto friends.
COINBASE:LTCUSDShort
by stewdamus
10
GBP/CHF- Fun with charts....Ok...... So I spent some more time to go over gchf since it has extended. I would like to point out that it did a W-X-Y double combo pattern in the form of 7 swings. For this pattern you would expect equal length to 1.236 extension. Hit 1.236 today, along with the .764, which would also be conducive with a continuing pattern which would need to come down to most likely that .618(longer .618 line) Keep in mind GU hit the high also. It also lines up (roughly) with about equal time span of each pattern within the combo. These pitchforks are not necessarily drawn how anyone else would draw them, but take a minute to really look at the medians (red lines) and how price follows them...... Anyways strong level. I've looked sells lower down looking for a different pattern, or at least a sharp 3 wave this move, but all it did is keep extending, right to the fib extension. The issue is as of right now we have no reversal pattern or ending diagonal, plus Gchf could go into a large sideways consolidation (which would still probably produce a nice sell). We might even get a zone bounce (see horizontal green lines). The daily TDI WAY over extended. So is the weekly. Just please keep in mind this is not a 5 min chart... That is the daily..... We have nothing but a 4hr pin bar right now. There are different ways to go about attempting this trade and not put yourself at too much risk. If you want to learn about price action along with this stuff then subscribe and watch my you tube channel. I did a live trading session earlier, I go over a lot of charts... (it's free guys)...
Short
by thillygoosth
Euro/Yen Bullish Triangle CorrectionAfter the bullish 5 wave pattern, it looks a little bit like a corrective triangle pattern has begun to form. D Wave. With the completion of a double top pattern at the 136 zone, the D wave of the triangle pattern will have met its 61.8% Fib Level requirement along the triangle trendline. E Wave The location of the projected 61.8% retracement from the D Wave endpoint seems logical because that is where price can be expected to run out of momentum Only time will tell
by DreamLife_Obi