XAUUSD Bullish ProjectionsThe wave we've traced is defined as
A=1160
B=2075
C=1676
1) V Calculation = B + (B – C)
2) N Calculation = C + (B – A)
3) E Calculation = B + (B – A)
4) NT = C + (C - A)
so,
V = 2075 + (2075 - 1676) = 2474
N = 1676 + (2075 - 1160) = 2571
E = 2075 + (2075 - 1160) = 2990
NT = 1676 + (1676 - 1160) = 2192
A single candle has pushed us past both B and NT. We technically need a full candle body above B for confirmation, but the 5 lines all pointing straight upwards, and no apparent barriers in our way, I would consider the projected targets to be in play.
Consider this post in relation to my longer term projections shown in the related post
thanks for reading
Timetheory
XAUUSD Long Term ProjectionsThe wave we traced is defined as
A=680
B=1920
C=1044
Therefore, our targets if Au makes a new all time high are:
N=2284
V=2796
E=3160
with a projected resistance at:
NT=1408
You can see we are well above the projected resistance, now gold only needs to continue its climb and make a new all time high in order for these targets to be in play. I will make a subsequent post taking a closer look at what has been developing more recently. For now, this is the overarching picture. Time theory markings have been added and I may make a post focusing more on that as well.
A massive selldown is potentially coming for #SP500As the chart progresses, old post was shared wayback Dec 2022 when the index has completed the Wave A leading Diagonal, the 1st impulse of the 3-wave corrective of the bigger cycle.
Currently, Wave B might have already topped off on the rejected 4600 zone.
I'm seeing a potential 3rd and the last impulsive of the greater corrective cycle which is at an unbelievable level estimated to be around 3276 by May of 2024 as target of the time completion.
Disclaimer: Not a financial advise. Idea is only based from the analyst's perspective applying Wave and Time Theories.
Local Bitcoin time-analysisLocal Bitcoin View based on time analysis and price structure.
Based on the analysis of time, the main local (daily) pivot points on Bitcoin are:
Daily pivot Points: August 28 (08/28/2023) - today; September 6 (09/06/2023)
The local structure of Bitcoin is shaky, but it's not that bad. Today, the 28th of August is a very important day because it contains the daily pivot point. The next daily pivot point will be on September 6th. Given the presence of a reversal point today, it is important to watch a daily close very carefully.
Local Bitcoin Forecast: I believe the most expected move is to see the final short squeeze on Bitcoin before we are taken into a longer correction. However, given the presence of a daily pivot point today, there is no need to rush with longs, we are waiting for the daily close! It may turn out that today we will close the day with a sale which means we might get squeezed down to support before the next daily pivot point (September 6).
Opening Position:
Long: $24,800-$25,500 . Open in several limit orders!
Stop loss: $24,400
Bitcoin local targets:
Target 1: The minimum target for a short squeeze is the lower retest of the $28,300-$30,300 zone. 28K+- remains a zone about which there is distribution or accumulation!
Target 2: $32,800-$33,300. The bull structure is still not broken and the probability that the current markdown is a manipulation remains significant. I remind you from the previous analysis that we have a Weekly Swing Point on October 16 (16.10) until Bitcoin can easily make new highs.
Trade Plan:
(1) in the zone of $28,000-$29,000 we fix a part of the accumulated position!
(2) Stops are moved to breakeven!
(3) If after we squeeze into the zone, there will be consolidation for a couple of days - close the rest of the position!
(4) If we get above the zone and consolidate, we expect the second target: 32.8-33.3K!
X8 Crypto
XBI will complete upwards 26 period than go up 1 or 2 cyclesXBI (Small Cap Biotech Index) is due for 2 or 3 upwards movements (includes current wave). XBI moves in cycles of 2 or 3 (or 4 when it became overextended) and in between we have a 1, 1 pattern (it takes a break) where it goes up 1 sideways / 1 down, or 1 up / 1 down.
I predict it will complete the upwards 26 period and then go upwards for 1 or 2 more 26 candle periods (daily timeframe).
The pattern doesn't say if it is going to move for 2 or 3 but it shows that it can be one or the other.
In addition, I factor the current bullish signs for XBI which helps to support this theory.
Note: The stock GH is included but hidden in order to allow me to show the higher pattern. It just a way to scale up the chart.
$ICC Put limit order placed. #ichimokukinkohyo #timetheory $ICC looks bearish here looking at the 1D and 240m time frames. PUT order placed. See chart for details.
$TGODF Call order placed. #ichimokukinkohyo #timetheoryWaiting for pullback here looking at the 1D and 240m time frames. Call order placed. See chart for details.
BTCUSD Bullish ProjectionsBTC has just broken up past its previous high making a new wave. B has been breached and the targets are already confirmed.
Watch for a possible rejection. I would take profit on riskier/larger positions at N and V. But it seems to me that this is an E wave. It seems all bitcoin likes to make lately are E waves.
Keep in mind the possible rejection at just around the area that would complete our last wave's E target. Watch close for a turnaround here.
Otherwise we have some targets to look forward to.
Bullish thoughts regarding ETHThe chart is complete with notes to explain my thinking. People ask why I have been so bullish on ETH. Aside from ETH currently being in a bull cycle> More about the time cycles of ETH and the price targets for its current movement explained here:
ETH is also completing a massive pattern on a larger scale that is getting me excited. This five wave certainly looks bullish to me, based on the price action within the pattern.
This is the reason why I have been so bullish on ETH
ETH/USD: mulling over bearish thoughtsIn case you've been feeling bearish. I'd probably trade on this if we breached the locallow at ~280
Applying macro ichimoku number theory, we can see that we have just passed our 129th day candle. We can see that we have already had a reaction to reaching this point of the cycle.
We can expect some sort of impulse at around this time.
It is good to be prepared for either situation, so along with bullish projections I posted earlier, I have some ideas about bearish movements.
The shorter term ichimoku cloud elements are suggesting possible bearish activity about to occur.
If a downward N wave structure and momentum is sustained I could see us hitting one or both of the two targets shown.
Either the upper span of the 1D kumo at 273,
or
The base line's current position at 262.
Conclusion: we might go down. If we do we will see ~272 and ~262.
If we don't, check out the related idea I posted for an idea of what you can expect.
ETHUSD: bullish projections, possible double topETH has been making bull fractals ever since the bulls regained control on descending 2 hour candle number 9. The smaller time frames show bullish action while the larger ones point to possible downward movement.
Conflicting signals, oh how I love them.
Number theory on both the macro and micro time scales are telling us to keep our eyes wide open to look for impulsive market activity. Not only are we nearing some significant candle counts on the 1hr and 2 hour and 4 hour(I didn't mark it on the chart but the orange line also represents the 4hr candle number 9 since our previous peak), but we are also meeting a significant day candle mark at day number 42 of our rise since the dip to the mid 100s.
ETH is going to do some big things soon, and if it decides to go bullish and breach B, I have some price targets set up for us.
If B is breaches with momentum,
V=350
N=349
E=337
possible rejection at,
NT=336, roughly a double top
As you should know by now I like to stay prepared for trades in either direction. I am quite prepared for ETH to make a double top at the rejection point and take a trip down, possibly to the low 300s.
But just in case the bulls maintain their strength and inspire enough confidence at the top, we have a battle plan.
Similarly if our expectedly significant impulse is in the southern direction, we should have an alternative strategy.
I should be providing one sometime soon.
ETH/USD: bearish projectionsIchimoku number theory suggests that something significant may be about to occur at this moment in time.
We should be on the look out for impulsive price movement. This is suggested by the candle/bar counts present on my chart.
Keeping this in mind, we can see from our cloud visuals that we attempted to beak up out of the kumo and may have failed.
This occurred at a projected point explained in the idea I have linked to this one.
Bearish price theory says the following.
Assuming B is breached:
V=285-(300-285)=270
N=300-(311-285)=274
E=285-(311-285)=259
Possible disruption/rejection:
NT=300-(311-300)=289
Conclusion: watch for behavior. High probability move would be going short if the price breaches B with momentum and closing the short at the more likely price targets. Alternatively you could play it riskier and short now for a chance at catching the tip of the trendchange.