Dump over? Eth bounce soon?Eth has fallen into major support and almost into the golden pocket of the current trends fibonacci. It may take a week or 3 but I think this is the bounce zone. There may be a wick or two lower but fear is so high (15 currently) I don't think we will spend too much longer here.
Maybe I'm a stupid contrarian or maybe we're establishing higher lows before the next leg in the bull run. Extending cycles, diminishing returns - yes. Bear - no. This kind of extreme fear just makes me more bullish, the FED scared the markets but it won't last forever because the FED isn't ready to give up their profit creation machine of buying debt through one door and selling it through another, they will continue to buy assets and "tapering" will continue to be as scary and unreal as big foot. When sh*t hits the fan we will not be asking "is this a bear market?" - we will know for sure. At least, that's what I believe.
My strategy is simple, buy fear, sell greed. There's more to it but that's it's most simplified form. When the whole world is calling for a market crash and saying "crypto is ded", I think - "not yet" and look for buying opportunities. There's no question that the markets are beyond inflated and the system is beyond screwed but remember "the market can stay irrational longer than you can stay solvent". We're probably not Micheal Burry, able to hold tesla shorts from 730 without concern.
We have to trade the market we have and currently the market is a crazy circus and dumpster fire at times but it's the market we know and love lol. I say all this because I don't want you to see my long theories and think I'm ODed on hopium. I know sh*t is messed up and getting crazier BUT its NOT over.
I believe we'll be rallying by the end of the month in crypto and maybe sooner in the stock market. I put Astro before my name because I study astrology too in conjunction with TA. We're currently in a Venus retrograde period that seems to be really causing a lot of fear, tension and feelings of despair and hopelessness in people and thus the market. She goes direct at the end of the month (the 29th) and will spend weeks conjoined to mars as they move through Capricorn (a sign connected with big business, gov'ts, institutions, banks etc). On the 18th there's a full moon in cancer opposite the planet Pluto (still a planet to me ❤️🩹). I think there could be some major dramatic world events like revolts breaking out in some countries (like is happening in Kazakstan now), possibly some corruption coming to the light between businesses and governments or any number of things that might piss people off on both a micro and macro scale. Its obvious people are getting more and more fed up with the system and the powers that be and THIS will push people INTO the markets.
That combined with the FED being concerned about inflation are ironically BULLISH. The gap between rich and poor will continue to be made greater and greater until a large mass of people stand up against it. I don't think we're at that point yet, we're at the point where people want to take matters into their own hands to bring MORE security. Inflation is robbing savers and many of them are realizing that's true, looking into investing and trying to learn. Crypto is hot and trendy and ETH has the network effect.
I do think the rest of this month could be hard and or boring but we're headed into a bounce IMO. The geo-political landscape is pushing people to figure out alternatives and still less than 5% of the world owns crypto. This is a bit of a rant and I apologize for that but the uptrend has not been broken for eth or the asset class as a whole. As long as the stock market keeps going up, so will crypto. Maybe someday crypto will deviate from the stock market but that's a thought for another time and may never happen. The FED does this same thing where they say they will taper, the markets freak out and they buy the freaking dip. I bet the FED is eating this up and of course it's affecting crypto too because it's the most emotionally volatile asset class.
So when I see 15 on the fear and greed index as ETH falls into it's golden pocket - I get bullish as hell
stay safe and frosty fellow traders and travelers ✌🏻 don't let the man get you 👁
Astrologytrading
SPX, 4 Jan: Rally or Collapse.Hello traders, happy New Year 2022!
The end of 2021 has given us a massive short squeeze as commercial traders booked profits and realised tax losses from short exposure. The beginnings of each bullish impulses correspond to the Solar eclipse on 4 Dec and Winter solstice on 21 Dec.
This ‘Santa rally’ has catapulted SPX is right towards the multi-week resistance that we can trace back to the crash of 2020.
Let’s take a look at the TA what to expect.
Geometry:
SPX is at the upper boundary of the pitchfork. The question is if momentum can be sustained to break it.
Elliott:
We can count a completed 5-wave move to the upside. Alternatively, wave 5 can extend higher so that we are now in a momentum wave 3 (in green) that takes SPX towards 5k.
Moving Averages:
Price got rejected at the upper boundary of the Keltner Channel, but found support on the 9-day MA, indicating an active sequence.
Oscillators:
The Stochastic is overbought but can remain overbought for several more days. A strong bearish divergence appears on the RSI and MACD.
Correlations:
DXY is at a multi-month resistance. Yesterday's 8% yield spike prevented a breakdown. If yields continue to climb, capital may begin to flow out of equities.
Summary:
The markets are still trading at ‘holiday’ volume, so that we do not know the intentions of the larger market participants. Gann reminds us that the markets make important highs or lows around 5-6 January.
The idea is to observe if the active 9-day MA sequence holds and leads us towards a breakout. This could result in a massive rally if the upper pitchfork boundary becomes re-tested support.
If the resistance holds, we may expect a collapse back towards the median line and potentially sub-4200, before SPX makes another attempt at the 5k mark.
BTC to $39k by mid-January, then to $70k in 3 weeks?I use astrological indicators so if that's not your speed, this one isn't for you...
Mercury Retrograde - January 14, 2022
The Mercury retrograde cycle often has a huge impact on BTC. The 3 weeks before Mercury goes retrograde are often marked by falling prices, with the bottom coming in about the time Mercury goes retrograde. There is usually an initial drop with a few weeks of sideways action before the second drop.
Mercury goes retrograde January 14 so we are now within that several week period and we've already seen falling prices.
Full Moon - January 17, 2022
Over 80% of the time, the full moon coincides with the local price bottom and the new moon coincides with the local top (+- 2-3 days). The full moon is January 17th, which is a Monday and also MLK Day in the USA. I would expect to see the local bottom with a few days of January 17th.
Analysis
I think the current downward trend will continue another 2-3 weeks until around the weekend of January 14th. Dropping to around $39k will complete the head and shoulders pattern that started July 21, 2021.
After that I think we'll see a strong rebound...maybe even up 80% to $70k during the 3 weeks of the Mercury retrograde period. Last year we had about a 90% pump during the first Mercury retrograde of the year.
Jupiter in Pisces - December 28, 2021 WARNING!
This is the one astrological factor that may screw up the strong rebound in mid-January. Jupiter in Aquarius was very strong for BTC most of 2021. But Jupiter slipped into Pisces for almost 3 months during 2021 from May 13 to July 28. I think this is what caused the 50% price drop at the end of spring. If we don’t see a good rebound in the third week of January, Jupiter in Pisces may be putting a damper on things like it did for the May 30, 2021 Mercury retrograde. There is even the possibility of a repeat of the 50% drop we experienced the second half of May 2021, perhaps falling to $29k. I don’t anticipate this, but it’s worth keeping in mind.
This is not financial advice...just some astrological indicators to use in your own trading.
ETHEREUM MOON INDICATIONS“The moon is a loyal companion.
It never leaves. It’s always there, watching, steadfast, knowing us in our light and dark moments, changing forever just as we do. Every day it’s a different version of itself. Sometimes weak and wane, sometimes strong and full of light. The moon understands what it means to be human.
Uncertain. Alone. Cratered by imperfections.”
Bitcoin, 19 Dec. End of the Crypto Winter?Bitcoin has been declining for 39 days, with two major selloffs that happened precisely during the two eclipses in that period. It will be interesting to observe if today’s full moon or the Winter solstice on 22 Dec. will bring a change of energy.
Elliott:
We are able to count an ABC (in blue) to the downside. The last wave appears to be an ending diagonal. BTC has retraced 50% of the previous wave, the minimum for a wave 2 of a higher degree.
Pitchfork:
The median line at 46k currently provides support. Price has respected the previous Fibs of this pitchfork, so that the support appears significant.
20 Week MA (orange):
This important MA provides resistance and indicated a bear market on 7 Dec. However, we find that many Altcoins are currently finding support on their own 20 week MA, which can be a sign of potential recovery.
MACD:
The MACD crossover on the daily has occurred, an important signal for algos.
How I trade it:
The pitchfork median support and the ending diagonal give us a bullish setup. The idea is to scale in when price breaks 48k with persistent buying volume. The assumption is then that the correction is complete and BTC enters a wave 3 to the upside, with new ATHs as targets. Below 46.5k the idea is invalidated.
Mercury Harmonics With Moon Longitude ETHThe lines are marked on the chart with red verticals for each full moon general calendar date as well as and orange verticals for Mercury H12 and H6 low points.
The red arrows are marked in accordance with similar spots relative to we are now with Mercury and price cycle.
Certain patterns can emerge when we take note of certain astrological cycles.
GANN FAN THE CORRECT WAY TO USE IT.Angles, trend lines and indicators are worthless if the correct angles are not fixed, and if one does not have an underlying understanding of why these tools were created and how they are to be used.
Gann based his methods off of natural laws, astrology, and mathematics which is the language of the cosmos.
I will post his master course below:
BITCOIN Forecast >>> Descending Broadening Wedge DetectedBITCOIN FORECAST
ABCD Pattern likely to be formed, price may retrace to 0.618 at 55565.00 and then break the Descending Broadening Wedge Pattern
Price will make a bullish trend after break the pattern, wait for the confirmation to entry
First Price Target will be 63170.00
Second Price Target will be 67100.00
Final target is 74700.00
Trade with your own risk, entry with your strategy, this is not a recommendation for entry
-Fibomic International-
BINANCE:BTCUSDT
winusdt ASTROLOGY ANALYSISwin is linked with panet jubitar mercury venus this planet relations affect in win and you found tops every relation between
jupitar and mercury
10 dec high relation betwwen jupitar and mercury , i expect top on this day
this date like alert you must take care but if this day was atop
i recommended you bye because the price will go down after that
20 march 2022 is conj between jupitar and mercury , this will be huge effect on win
look and take care
#win
#win_usdt
Ethereum, 19 Nov. Re-Accumulation Triangle?ETH bounced at the lower boundary of the pitchfork. It has not quite reached the .382 fibonacci retracement, which sometimes happens when demand is high. There remains a risk that ETH still tests the .382 fib mark.
Elliott:
We can count a complete wave (c) with five subwaves (in green). Should price decline further, we adapt the count to an ending diagonal. If ETH re-accumulates, we count a leading diagonal to time the breakout.
Geometry:
The smaller pitchfork provides resistance, while the lower boundary of the larger pitchfork is likely support. This gives us a triangle (yellow area) in which price could re-accumulate over the next days.
Planets:
As some financial astrologers have pointed out, the lunar eclipse often coincides with a bottom and re-accumulation after a crash. Astrologically, an eclipse means that old things/habits/circumstances culminate and then break down, which gives space for a new beginning.
How I trade it:
My bias is bullish as long ETH does not drop below .382 fib mark (bottom of the blue box). This allows for a ‘fakeout’ in case price drops out of the pitchfork to scare the bulls. The idea is to let ETH re-accumulate and add longs when price breaks back into the smaller pitchfork. This keeps us safe in case we are in a bear market. The intention is to trade the next wave to the upside. A move below the .382 fib mark would invalidate the idea.
AUDUSD Forecast based on Fibonacci and Time TradingAUDUSD heading to the cluster area, forming an impulsive Elliot Wave bearish trend, and in the end of 3th Wave
This pair definitely 88 % will continue on a bearish movement till next cluster, and retest the Falling Wedge Pattern
And start to build a strong bullish momentum on New Moon 5th November 2021
Wait for Long Position on +/- 5th November and consider that will be a big bullish movement due to Mercury Retrograde Cycle
$BEL/USDT: Moon Trading & Technical Analysis$BEL is looking really good in the 1H timeframe and recently their official Twitter account has been sharing their involvement on the Metaverse and NFT, proving their Bella Virtuoso permissionless LP strategy platform with Tuner Simulator for Uniswap v3 buil-in. Bella's solution is decentralized, automated and optimized and it will add automatic execution bots to apply the strategies and non-custodial, smart-contract-based fund-managament to provide security.
I think we can take a nice 15% of profits on this one in SPOT.
What do you think of this setup?
Remember, this is not financial advice, but for educational purposes only. Always do your own diligent research.
$AXS/USDT: Moon Trading & Technical AnalysisWe are slowly approaching to the New Moon in Scorpio and $AXS looks like wants to go higher... I would wait for one more 1D candlestick before taking a decision, but be careful, lately one or two days after the New Moon prices are going crazy in either direction.
This is not financial advice but for educational purposes only. Always do your own diligent research.
$CVC/USDT: Moon Trading & Technical AnalysisCivic is looking really great for a long position. I am already holding a lot of this token and I am super bullish for the next week and half (till the Scorpio New Moon) when I trust prices will skyrocket! However, nobody can predict the future of the market and any attempt to do it is just a personal and subjetive opinion.
This is not financial advice but for educational purposes only! Always do your own diligent research!
$COSMOS/USDT: Moon Trading & Technical AnalysisI am seeing a potential great setup on ATOM once we have a clear pullback from this pump. Make sure the RSI is below 20 level or as close to that level as possible before you go long!
Not financial advice but for educational purposes only! Always do you own diligent research!