Cycles
BTC 4 yr cycle 2014 2018 comparisonMany systems on this planet follow 4 year cycles.
Here is a comparison from 2014 and 2018 bitcoin price.
1D charts, roughly equal time scaling, from the peak on the left to the dip near the centre is a price difference of 500-550%
Indicators:
Volume Profile on the left
SMA, purple 50, pink 100, white 200
BullBearFilter Stochastic by CryptoRhythms
GJ long, SL @ 9 May Lo, TP @ around 146.25 (gap) GJ Is forming expanding diagonal now up to wave Circled numbers 4 (yellow)
P/s : Charts consist in 3 Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed/How "fast" price travel according to time )
GBPNZD 1 Hour - 4 : 1 SHORT tradeHello all
Following the NZD news last night, my position was taken out at 50% of retrace as I moved my stop forwards to reduce my risk.
I then shorted GBP against NZD overnight and am now looking to do this again.
Once I get a bearish engulfing on the 1 hour chart I will look to enter.
Price could go higher to the dynamic resistance line (heading north east direction) (where the second short trade is shown)
We will see how this plays out.
Thanks for looking
Duncan
Duncanforex.com coming soon
Using fib circles I find confluence between 2014 & 2019 for BTCNotice how all of these fib circles match up so well. Peaks and bottom wicks touch all of these fib rings showing that they are all connected. Using these fib circles i connect and compare both bitcoin bear markets taking into account the current price manipulation pushing up price to liquidate shorts.
3 pins to the high and its lights out Finished macro cycle with 3 pins to the high. Note how that giant candle stick's body closed below the high. This news to the upside was to induce retail trader long, stop sellers and trap traders who bought too late. This is just an idea. Not taking this trade honestly because of TDI confluence but yet it is quite possible for it to tumble down in a new cycle to the downside in long term. Gonna see how it unravels in London Session.