TheFinancialForecast

TheFinancialForecast

The trend for the Bitcoin is clear, not only based on our quantitative analysis shown in the trend dashboard, but also in the sentiment and google trends, where the interest for this term is dropping to a minimum. Price reached the 1st attractor (red box) and the 1st confluence area between 36K to 28K, with a divergence between MACD and FDI. The last one is not...

TheFinancialForecast

April 2021 was the last time we saw this crypto making highs, despite Bitcoin and others registering new highs before the end of that year. From this top at 1.96, a corrective zigzag is on its way, looking for new lows towards the attractor area between 0.55 and 0.40, to complete the 3rd wave of this pattern.

TheFinancialForecast

From the top at 69K, the Bitcoin dropped in 3 waves to 32.9K accompanied by a negative slope in the FDI indicator. This slope is highlighting the presence of trend on the bearish side. A bounce also in 3 waves occurred since then, reaching attractors at 2 different degrees of waves (light and dark green) within the ideal speed zone delimited by the 2 blue arrows....

TheFinancialForecast

As we are used to, everything around Bitcoin and crypto has a very high emotional volatility, one day everybody loves it but the day after everybody hates it. All these emotions are reflected in the waves, as a representation of the investors' social mood, and at this moment we are in the negative and pessimism phase. This chart shows the connection between the...

TheFinancialForecast

The long-term picture can give us more objective answers, especially now when the asset is under such an emotionally turbulent scenario. There are 2 key aspects to highlight, The first one is when corrections are occurring during the last small cycles, and the FDI is pointing how bearish corrections occurred when the fractal dimension developed a positive...

TheFinancialForecast

As we are used to, Bitcoin is a strong emotional rollercoaster. Panic is back because most of the investors and traders were expecting a peak based on past cycles, but there is a rule mentioned by Ralph N. Elliott in his famous principle, called "Alternancy Rule", describing how patterns do not tend to repeat one after the other. And that is what is occurring now,...

TheFinancialForecast

Since Nov 16th, SAND, the cryptocurrency of the metaverse The Sandbox started a strong rally after bouncing within the attractor (blue rectangle) once a corrective sequence was completed with a perfect connection in time with the prior motive wave (you can find more details on how motive and corrective waves are connected in our blog). The trend is strongly...

TheFinancialForecast

Mark Zuckerberg set a before and after for the Metaverse and the race just started. Some of the most resonated names are Decentraland and Sanbox, but what about NetVRk? This project has strong support from sponsors, a great development plan, and great tools to make the Metaverse easy for every user. From an analytical POV, the first motive 3 waves pattern is...

TheFinancialForecast

Call me crazy, but in the way Bitcoin is growing, the best is to take a view from a different perspective, and this is the Log scale chart. Based on the prior growth of the different waves and the speed they moved, the cryptocurrency can reach the 1M milestone by the end of this year... and much more if we are patient because there is an attractor around 30M in...

TheFinancialForecast

Bitcoin is moving sideways in the long term, being inside of what we call an antipersistence area (FDI around 1.5), where there is no trend. Despite this, our dashboard is calling for an uptrend and the Divergence Cloud indicator is not showing a bearish trend (red shadow). The crypto can find support on the base channel (dotted lines) to continue with the bullish...

TheFinancialForecast

Bitcoin continues moving upward accompanied by volatility and volume decrease. At a lower scale, the crypto reached an attractor (the area where the price tends to move to complete a cycle and start a new one) and, it is in an antipersistence zone at a higher degree reflected by a fractal dimension moving toward 1.5 and up trending. Our dashboard shows a positive...

TheFinancialForecast

The Cable continues moving downward toward the attractor or green area, keeping the high correlation with the Euro showed in our dashboard. The price action is inside the 2 arrows delimiting the ideal time and speed distribution to balance the motive wave started in 1.1409 with the current corrective cycle, increasing the chances of reversal once the price reaches...

TheFinancialForecast

Yesterday the minutes signaling the intention of tapering the bond purchases this year. As usual and with the increasing debt, the major American indices like the S&P500 closed negative yesterday, after reaching the attractor showed in our free forecast. The EURUSD, highly correlated with the dollar index, is also inside the attractor (blue area) where a 3 waves...

TheFinancialForecast

With the monetary policy unclear on the US side, uncertainty is back regarding the uplift of the interest rates. And this is visible in the US Dollar Index basket, where during the last weeks the Euro, the Cable, and the Yen moved with reduced volatility by inertia to the different attractors (areas where the price tends to move). At this moment the EURUSD reached...

TheFinancialForecast

Since May, the media was announcing the end of Bitcoin and cryptocurrencies, talking about a crash and a strong bearish market. But when we look at the graph we only see Bitcoin going upward and creating new highs, of course, corrections are in between these movements, but they are only corrections. The US Dollar is infinite and sustained artificially by the FED....

TheFinancialForecast

Bitcoin has been rejected by the attractor more than 7 times during the last weeks. Since Wednesday, the cryptocurrency is moving upward with an increase in volatility reflected in the ATR, and a strong swap of persistence from bearish to bullish in our dashboard, but it is not enough yet to declare an overall uptrend. It can be the beginning of a new motive...

TheFinancialForecast

New bullish sentiment is in the USD air after Powell's confirmed faster than expected interest rate increases. That is why the 3 major components of the USDX are moving together to the downside. In the graphic, you can see how the EURO is developing a 3 waves corrective sequence retracing the movement that started in March last year. The GBP and also the Yen are...

TheFinancialForecast

I received that question many times during the last weeks. After the big drop from the top at $64K, the social mood of crypto-investors became dark, also pushed for media and negative feedback to crypto sustainability. But Bitcoin wallets continue growing, and waves are telling us this is only a corrective phase within a much bigger cycle. There are chances to...