To
BTC NEXT 3 MONTHS EXPECTATIONI used the last 9 months YTD RSI statistics. BTC will be rised up to 9.000$. After this level, it will come down again.
Please, check all waves end the bottom level of previous top level.
Bitcoin To The Moon I think the Up swing is about to start. Soon we should see the tide change and welcome some large green candles. There might be a few more bumps a long the way but mostly upward pressure is what I see coming. To the Moon I say. We all need some good news and I believe it is around the corner. Hold on to your hats, we are in for a ride. 10k 25k 50k 100k To the moon :-)
Great Analysis Bitcoin (SEE!)Hello my name is Gijs,
this is my first project. This is my speculation of Bitcoin.
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.
Bitdog has to pottyBitcoin daily is telling us that there is more downside to come.
Bitdog's poop needs to land on the box otherwise he's going to visit goblin town.
BTCUSD: Bitcoin Reverse Head and Shoulders Trying to Complete 10:00 gmt 05:00est Saturday Bitcoin Bitmex Chart Update
After holding up overnight Bitcoin began to break higher above
7450 at 06:00 am in Europe triggering the next long to the
7624-7735 range with a high so far at 7681 on Bitmex.
In doing so Bitcoin is defying the bears as it tries to complete
the RHS pattern we've been watching develop over the last
few days of trading. To do this Bitcoin has to find buyers
enough to break above the 7735 level on Bitmex and the other
feeds we cover to trigger the next long or add from here to
7948 initially and then to the minimum upside target created
by the RHS at 8157.
Returning to the downside, although this RHS pattern looks
'real' it hasn't completed yet and can't do without fresh buying
power to push it through the 7735 level.
It can stooge around for some time here making up its mind.
Despite renewed optimism for the weekend ahead it can still
fail and end in disappointment if we don't see that break
above 7735 materialise later today. It's Ok for price to come
back to the 7641 and then retest the 7600 main neck-line
again but it should hold up from here if it's to stay positive
from here.
Any subsequent failure to hold 7600 during the course of
today would be the first clue that the RHS is failing due to
lack of interest - it should then start to fall away further to
7500-7448 range again at first and attempt to rally again from
there.
More as the day develops...
LTCUSD So far so good needs Bitcoin to break above 7735 next to LTCUSD Weekend Update
So far rhe break above the pennant top has gone about 3%
but fallen short of the first resistance line at 124.73 by 60
pips and more which is frustrating right now.
The break high was bang in-line with Bitcoin's break above
9450 at the same time as Europe opened up for the weekend
and rally in both was about the same in % terms.
The 124.75 level here is as important to the near term as the
7735 level is to Bitcoin. Both levels need breaking soon for the
day's rally to maintain momentum through the day. The longer
both languish below them the more wary we need to be.
However whilst Bitcoin itself holds up at 7600 there's no point
in closing any longs now. But that view will have to change if
Bitcoin is sold back much below 7600 again from here.
11:49gmt 06:49est Friday LTCUSD Litecoin
Another Alt which has come back to major support and is
looking poised for a good break higher if Bitcoin will oblige
later.
Right now it's in a little continuation or pennant pattern -
again waiting on Bitcoin
EURUSD Counter-Rally to Upper Parallel Before next DeclineineEURUSD 30th May
EUR has finally reached the month-long downside target at
1.1558 just in time for the end of the May. It actually
exceeded the target by 45 pips before reversing higher and
creating the first strong green candles of buying intent the
market has seen for months now. But the counter rally is
running out of momentum now whilst DXY holds above 94.
Initial resistance for EUR lies here at the 1.1676 line and
extends to the line above at 1.1731. This range, bounded by
the two lines, is likely to prove insurmountable in the very
near term - it will need DXY itself to break below 94 to break
the upper parallel here - in which case the bears will retreat
further here too and it should then rally 90 or so pips higher
still to 1.1821 on more bear closing before falling away again.
That looks to be best case scenario for EUR from here though.
(At the same time DXY should then fall to test the 93.36-93.12
range and then bounce higher again.)
So long as 94 holds up on DXY the Euro is likely to remain
trapped within the medium term downtrend of April/May and
likely to fall away from the upper parallel once more when
challenged.
But this time around the next sell off from the upper parallel
of the larger impulse wave has a reasonable chance of
creating a double bottom around the 1.1558-1.1540 range
when it does fall away again - so any fresh shorts taken out
around current levels need closing down again here. Any
subsequent fall below 1.1535 will then be needed to trigger
fresh shorts from here back to the 1.1318-1.1287 range.
EURUSD: Lower Stop On Any Shorts/Use DXY as Signal ConfirmationEURUSD Update
After rallying from the downside target off the 1.1721 line
EUR has made it to the near term upside target centred
around the 1.1821 line and been met with a barrage of
persistant selling from there over the last 6 hours creating a
series of rejection spikes above the line.
If you shorted from here again lower the stop to 1.1787.
It's been sold off in Europe all day - we need to see US follow
through to know that downside pressure is still strong from
here.
Without it there's an increasing chance that it will push higher
again from here before coming off again later - the next key
area on the upside lies at 1.1831-1.1838 - a break above here
needed to signal any further near term strength to 1.1915.
The overall picture is still bearish for EUR but with DXY
consolidating off 94 and with a little more unwinding there
still likely it means that this this whipsaw back higher for a
while yet before the downtrend resumes again
DXY Dollar Index Update: Onwards to the 94.20 TargetDXY Dollar Index Update May 8th
The dollar continues its advance towards the target at 94.20
but in the nearer term it's just approaching the next
resistance lines, closely positioned at 93.32 and 93.42.
It should consolidate the last impulse here, coming back to
test the lower parallel one more time before powering up to
the target at 94.20. If day trading EURUSD or other dollar
pairs the 93.32-93.43 range is the right zone to close out
shorts, looking to short again once DXY touches the lower
parallel again. Otherwise can stay short of USD pairs until
94.20 is reached on DXY.
Bitcoin Cash About To Take OffBitcoin Cash About To Take Off
Bitcoin Cash looks very strong again since his last run.
One reason for this could be the upcoming fork on May 15th.
You know the potential of what Bitcoin Cash has as soon as it shows a sign of strength.
Roger Ver will do a lot to make the coin fly like the last few times.
Once the correction is over and we break through the critical area the fun can begin.
You can find the first targets on the chart above.
Litecoin About To FlyLitecoin About To Fly
Litecoin looks similar to Bitcoin Cash.
It is one of those coins that have not risen much and still have a lot of potential up to now.
The targets can be found in the chart above.
Watch out very well, because you do not want to experience such losses as in the December Crash.
I am very sure that this will come again.
XLMUSD Reverse Head and Shoulders with 15% UpsideXLMUSD Lumen
A small reverse head and shoulders with about 15% of upside
to a minimum target at 508 once 445 is re-taken and held
with stops below the neck-line when broken. It should then
rally to the upper parallel where can look to take profits once
this triggers.
Until then this is still vulnerable to further sell offs - but
slowly resistance looks to be getting ground away and
eventually this is looking likely to pop to the upside again.
Should be worth following when it does. But not until, unless
it flips back down to the lower parallel first, which at this
point looks unlikely.
EURUSD Another Counter-Rally prior to decline to 1.1915 TargetEURUSD: Another Counter-Rally prior to decline to 1.1915 Target
Having made the counter-rally back to the upper parallel EUR has continued its expected down-trend. It's now touching the next support line at 1.2027 and likley to make another small counter rally to 1.2067 and at highest to 1.2094 before it falls away again to the 1.1915 downside target towards mid May.
DXY: Dollar Index Update - Still Bullish to 94DXY Dollar Index Update
After consolidating back to the lower parallel at 91.49 the
Dollar has pushed higher towards the near term upside target
at 92-55-92.64 range where it should consolidate again back
to the lower parallel one last time before moving higher to
the next upside target at 94.03.
The overall trend remains positive whilst DXY stays within
the larger parallels governing this impulse wave from
inception. Look to continue to sell EURUSD (as per comment)
and other pairs into DXY consolidation until the 94 target is
achieved.
BTCUSD Back to Positive: Next Trade Points from Here
Bitcoin Bitstamp Update
After the break higher Bitcoin has spent the night consolidating recent gains.
It's a buy again once the dynamic from the overhight high has been broken above with
stops below the 9224 line when the dynamic is broken above.
Until then Bitcoin is still in consolidating mode and moving sideways to unwind using
the 9175 line as support as it does so. So near term neutral. Has to break below 9130
on Bitstamp to turn negative back to 9011 .
But so far price action is positive and it should break higher again later so long as the
9175 line and the 9130 level at lowest continues to hold from here.
The next resistance lies at 9482 and then 9887 and the uppermost parallel.
As things currently stand we have a decent chance of retesting it later this weekend.
22:32gmt 17:32est Last Update
Target achieved -should come back some - if still long raise stop again to 9148
