Indotermes

Indotermes

According to the 4 Year Cycle theory, Bitcoin has already bottomed. The trend is your friend...

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If a weekly candle body closes above 302, risk is absolutely on. Growth stocks and funds and cryptocurrencies are waiting for earnings and FED.

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BTC has flipped critical resistance into support. The base is set and the divergences and bull flag has enough fuel for 27k. It needs to break above the flag resistance for confirmation though.

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Looks like Amazon is repeating its behavior during the 2007-2008 financial crisis.

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Inverted yield curve, portending recession(likely next year), is on track and before the big dump is a pre-recession pump for equities and cryptocurrencies.

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This supports my last DXY chart suggesting a retest of 100 and EURUSD bottoming.

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The DXY has been in a parabolic rise for more than a year now. It can still go further, but probability favors the downside. More confirmations are needed given how strong the dollar is right now, but it won't be surprising if it dips or crashes for the rest of the year.

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DJT, a leading economic indicator, is breaking out of a long falling wedge pattern that targets the all-time high daily candle body closes. This is yet another piece of the puzzle suggesting a much better second half for this year. Bollinger bands squeezing so tight and multi-month divergences are also indicating that it won't be a small move.

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This chart suggests that the global economy is not as bad as current sentiment is, at least for the rest of the year. It's hard to believe that given the Russia-Ukraine war, US inflation, Chinese lockdowns, Sri Lankan collapse, Turkish currency and debt crisis, so on and so forth. But these are not the first wars and crises in human history and markets move up and...

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Euro against USD seems likely to bottom this week or the next few weeks. The support levels have been relevant since late 90s. Whenever it gets too far from the 200 week SMA and the gaussian channel, a pullback and retest occurs, although the speed varies. Even if it goes sideways like it did from 2015-2016, it will cool down DXY rise.

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Bollinger bands are squeezing on the daily, signalling a major move coming. There are mixed signals. Bearish: Potential bear flag forming, recent rejection at the 200 week SMA, Equities without enough confirmation of bottoming, DXY without enough confirmation of peaking. BTC needs to go below 20k again for bears to feast. Bullish: Descending megaphone, 50 day...

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Amazon is giving mixed signals but the bias is toward the downside, especially with S&500 and NASDAQ looking not so good. Descending triangles are usually bearish. The descending channel's support line has been broken, and just like with the gaussian channel and 200 week SMA, flipped into resistance. Bullish divergences on the RSI and MACD suggest a pump but one...

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SPX is in a descending channel and a falling wedge, both more likely to break to the upside. It also seems short-term bullish for this week, but bearish for next 2 weeks - a possible bear flag is forming that suggests it taking out 2 gaps and eyeing the 200 week SMA. The targets of the descending channel and falling wedge are the fibonacci golden pocket or the...

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Gold is repeating patterns since 2020 especially August 2020 to March 2021 - ping-ponging within descending channels with bear flags, tops in oversold RSI followed by negative SMA crosses, bearish divergences, and MACD bearish crosses and weak pullbacks that can't get past the 0 level and ending with another bearish cross. There is no bullish divergence that might...

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This is predictive rather than reactive(safer trading style), but I believe it's good to at least consider possibilities. This chart suggests a bounce to the 35k-41k USD region in September or October this year. If you're in altcoins, if this chart plays out, their may be one last chance for great profits before a majority of them die in the coming...

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Gaussian Channel and 50 day SMA has flipped into resistance, multiple bearish divergences followed by hidden bearish divergence (signalling continuation of the trend), high stochastic, and ascending channel (bearish pattern) ending with double bear flag, points to a retest of 95 or below 90 level.

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Bitcoin bottom is either already in or coming very soon and won't go down much further than 17k. BTC volatility index is very good at calling either the exact or general area of tops and bottoms. In my opinion, 64k BTC of April 2021 was the cycle top, not the Nov 2021 68k top, which is the price top and more likely an overextended correction. I believe this detail...

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Multiple bearish divergences, lower highs, wyckoff distribution patterns, SMA crosses, and fake-outs above key SMAs are all pressuring the DXY to go down.