S&P500 vs BTC: are we at the top?S&P500 and BTC are very correlated, especially for dumps. So to know when BTC dumps, we need to know if and when the S&P 500 is going to have a correction.
Let me know your thoughts on the S&P 500, the increasing yields (see linked chart below) and Bitcoin!
TOP
dax Short riskI do not belive we can ho higher maybe a little but not much so im shorting hard. Tomorrow is witch friday remeber can be very big movement on market. I know we have up trend without confirmations to short but my strategy teeling me to short it! lets see. Remember im not advisor im only sharing what i think and what i am do on market now for educational purpose only.
COPPER - DUE FOR A MAJOR CORRECTION?Looks like copper finally reached the top of the 5 wave impulse. We also saw an extended 5th subwave as the very last wave in the 5th wave which is typical in the commodity market. Also RSI didn't create a divergence but that is because of the extended 5th wave. We should see copper come down atleast 25-30% of it's value as a correction from the huge run it made that started early 2020. This isn't a "crash", this is just a healthy pullback before the next wave up in the future. I'm not planning on shorting it, but I did take profits on my long positions. I will look to re enter when it is done correcting.
Market top end of May or early June?Based on the volume analysis of previous 2017 bull run and current 2021 bull run, my conclusion is:
1. Parabolia beginning early April.
2. Market top in end of May or early June.
3. Current price of usd56k correlates with usd4-5k in 2017. Considering this is supercycle, lets say btc does 6x (better than 5x of 2017) from this point.
4. Market top price : usd 336,000.00
*Not financial advice. Educational purpose only.
Mother of all Top in all AssetsWith so much money pumped in to system Like 2000. Dow should hit around 36000 and top should materialise by August/September. As it will be long term top. Not sure what will cause the top. it could be Bond Yields or Tax rise. something will break the system. First sign will be Trading Channel will be taken out after that Huge Gap down. then Game will be on. I am expecting all Assets to go down including PM. BTC will be first to top then everything else.
Is BTC at 200k USD by Dec 2021 a realistic prediction?Based on Bob Loukas 4 year cycle (3 year Bull, 1 Year Bear)
And combined with 3 previous 80% + historical Bear market Lows.
We have to touch 200k this bull run before the Bear Market will bring us back to 40k Bear Market (80% Draw Down) Low by end of 2023.
History Rhyming or Complete Balls?
What Say you?
WAS 58K THE TOP (UNTIL NOV 2022)?Measuring historically from Cycle top to Cycle top I noticed 5 weeks added to each cycle making this week the current top until NOV 2022. estimated drop to $21k in the meantime (each dip measured 10% less than the last. 83% dip, 73% dip and now 63% from $58k top). Buy at $21k before the next bull run....
BTCUSD 7,14,21,28... EMA BandsDifferent EMA Bands that could possibly show some bull-support and I added an SMA365 and multiplicated with 5 what seems to show a possible market cycle top.
Copy the code and check past cycles 2013 and 2017, tell me what you think.
study(title="Daily EMA Daily", shorttitle="Daily EMA Lines", overlay=true)
sma20Dx2 = security(tickerid, 'D', sma(close, 365)*5)
ma7d = security(tickerid, 'D', ema(close, 7))
ma14d = security(tickerid, 'D', ema(close, 14))
ma21d = security(tickerid, 'D', ema(close, 21))
ma28d = security(tickerid, 'D', ema(close, 28))
ma35d = security(tickerid, 'D', ema(close, 35))
ma42d = security(tickerid, 'D', ema(close, 42))
ma49d = security(tickerid, 'D', ema(close, 49))
ma56d = security(tickerid, 'D', ema(close, 56))
ma63d = security(tickerid, 'D', ema(close, 63))
ma200d = security(tickerid, 'W', sma(close, 200))
plot( sma20Dx2, color=#FF00FF, style=line, title="SMA365x5", linewidth=2)
plot( ma7d, color=#FF0000, style=line, title="dailyMMA7", linewidth=2)
plot( ma14d, color=#FF8800, style=line, title="dailyMMA14", linewidth=1)
plot( ma21d, color=#FFFF00, style=line, title="dailyMMA21", linewidth=3)
plot( ma28d, color=#88FF00, style=line, title="dailyMMA28", linewidth=1)
plot( ma35d, color=#00FF00, style=line, title="dailyMMA35", linewidth=1)
plot( ma42d, color=#00FF88, style=line, title="dailyMMA42", linewidth=1)
plot( ma49d, color=#00FFFF, style=line, title="dailyMMA49", linewidth=1)
plot( ma56d, color=#0088FF, style=line, title="dailyMMA56", linewidth=1)
plot( ma63d, color=#0000FF, style=line, title="dailyMMA63", linewidth=1)
plot( ma200d, color=#FF00FF, style=line, title="dailyMMA200", linewidth=3)