BASE
$ Base with DeMark RSI using Structural Momentum Analysis Watched an episode on Real Vision by the Structural Momentum Analysis. I did my best to re-create their measurements and came across this. The DeMark on RSI using the settings of Structural Momentum Analysis for the BASE money supply. I crossed it with QE dates and used another Real Vision legend in SautiagoAuCapital's theory of a rise in $ value as the world gets crushed from $ debt and no $ base. The oversold correspond to stock market liquidity crunches. WEIRD
Bitcoin EW forecastHere's my guess:
We are most likely in the 3rd impulsive wave of a larger degree. this has a few reasons:
1. This last motive wave has been much steeper than the previous one, indicating this could be a wave 3 of the larger degree cycle.
2. The volume on this 3rd wave doubled compared to the preceding wave 1.
! This could also mean that we are in a wave C, but that is not yet relevant because we are trading the 5th of wave of the inner degree (both scenario's expect a 5th wave of the lesser degree).
Within this larger degree wave, we are most likely in the wave 4. this is because:
1. The preceding wave had the most volume of this run.
1. We are forming a triangle, which is typical for W4.
This means that I expect a final 5th wave push when this triangle beaks. Once we confirm a break of this triangle-setup (everyone has their own rules regarding confirmation), we can go long with a target of around 10k~, and a small probability of an extension to 11.7k.
Caution : This 5th wave will be an exhausted wave which will rapidly accelerate in the opposite direction since it marks the end of the large cycle wave 3 and introduces the start of the larger cycle wave 4 correction.
Invalidation:
Breaking the 7462 support (triangle breaks down): could signal a complex correction with the 5th wave following after that, or it could also signal that W4 of larger degree already started.
Long AEP at 86Order set to buy AEP at 86 as it breaks about the current pivot point, tight stop at around the 83.50 mark. No initial target.
Long XPER on base breakout!Order set at 24.95 to buy XPER following base breakout, also to a new 52-week high!
Base Money - First Time EVER!The Base money of the U.S. has cross below the 200x2Wk SMA for the first time ever. It is a 200 SMA of the 2 Week print or data reading. This is just how the FED reports, every two weeks. However, it has crossed below the 200 SMA. This to me is signaling a DEFLATIONARY Event is on the horizon. When money is taken out of the system at this rate it will be DEFLATIONARY. Followed by a Hyper-Inflationary environment to correct. The next couple weeks will be important to watch to see if the FED corrects this right away or lets us slip into the hole of no return for a while.
What do you guys think? Remember....this has never happened since we started keeping track of our BASE MONEY.
Long ILG following VCP base breakout!Long ILG following the breakout from the base showing VCP characteristics. 10% target, will cover before earnings.