Cycles
US recession indicators. Yield Curve Inversion part 4 ...US recession indicators. Yield Curve Inversion part 4 ...
Bitcoin Mining Profitability VS PriceThis allows scaling of the bitcoin supply to more accurately identify trends set by previous market (mining) cycles to identify useful points of support/resistance.
BTC possible bottoming processTwo variants for a possible bottoming process of Bitcoin. Based on the volume profile, the price action and the RSI indicator on a weekly basis compared to 2014/2015. Due to old support / resistance zones as well as the projection of the descending triangle certain price levels can be identified. The sentiment is generally too bullish.
This analysis is invalid as soon as we break the 5.8k-6k range with high volume
Gold sell @ around 1308, SL @ 13 March '19 Hi, TP @ aroud 1290We can't predict the market's movement most of the time BUT All Charts exist in 3Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed = Y (Price ) / X ( Time )
SPX Bull?! I'm The Shepherd Boy, are you the the herd of sheep?P/s I can't post my cycle chart. Sorry. P/s Chart/Image is not other language beside English .
Gold's cycle @ comment below. I'm The Shepherd Boy..Gold cycle chart @ scontent.fkul4-1.fna.fbcdn.net
Gold short @ around 1318, SL @ 18 Feb '19 Hi, TP @ around 1200..Gold wave (D) (blue) of triangle most likely reached..
Murphy's law : "Anything that can go wrong will go wrong". So?!! Cut lost , cut lost AND CUT LOST!! If anything wrong!
P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
GJ short @ around 149, Sl @ 1 Nov' 18 Hi.Detail @ The ChartMurphy's law : "Anything that can go wrong will go wrong". So?!! Cut lost , cut lost AND CUT LOST!! If anything wrong!
P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
Gold short around 1306, TP @ around 1240..Detail @ Chart. ThanksGold's Time/cycle almost due..Rechecking again Gold wave structure..IT is unfolding as (w)(x)(y)(purple) expanding flat instead of previous (a)(b)(c) as pic
BTC update on the 2014-2015 analogThis is constructive so far, Total cryptocurrency market cap - BTC is in an uptrend currently. It still remains to be seen if there will be another RSI double bottom signal as was the case in 2015. Momentum is still negative, if the analog holds true consolidation should only last 175 more days ending ~SEP 2019. The 200 SMA and EMA are still acting as support and resistance for BTC price.
Gold short @ around 1306.. Detail @ The ChartRechecking from Gold chart's (not shown on chart) & Wave Structure, Gold's cycle is about to due..And It is forming a expanding (a)(b)(c) wave (purple),, Short Gold @ around 1306 with control risk and small lot TP1 @ around 1262 , TP2 @ around 1240
Short Bitcoin Into Cycle LowI really held onto this last long position for a long time thinking we were in a good position to move up and have our first cycle high. But this move since the big drop on February 24th just looks like a choppy range. And despite a big drop and impressive recovery on March 4th-5th, we now have gone 5 days sideways, losing the power of that initial momentum. And we consistently get met with heavy selling into this major resistance zone consistently getting rejected.
I played around with a small short at that orange line. The green line is a long term trend line I can show in another chart. If we have a jump up a bit more I'll add to my short. I would stop out of this at $3950 1H close because breaking that at this point would set up a move to new highs, which was originally what I was looking for and even hoping for on March 4th.
But at this point, failing to get past this area for 2 weeks without breaking this area is just not bullish and more likely we go a cycle low due in about 2-3 weeks.
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Murphy's law : "Anything that can go wrong will go wrong". So?!! Cut lost , cut lost AND CUT LOST!! If anything wrong!
P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
GJ Wave c (blue) haven't completed yet.. Detail @ The ChartTraders could sell with control small lot @ wave 4 (circle orange) near 144.60 (Monday Gap) or wait for Buy Signal @ wave c (blue)
Murphy's law : "Anything that can go wrong will go wrong". So?!! Cut lost , cut lost AND CUT LOST!! If anything wrong!
P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
Gj Long toward @ around 147..SL @ 8 March '19 low..Murphy's law : "Anything that can go wrong will go wrong". So?!! Cut lost , cut lost AND CUT LOST!! If anything wrong!
P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
