WHY BTC LOW OF $16K-18K EOY 2022 AND NEXT TOP OF $205K Q4 2025Pulled a fib ext from the low of bear market Jan 2015 up to the top of cycle in Dec 2017. As you can see it made a full retrace down to the .236 before making its climb back up finding big resistance at the .618 and testing back to the .382 and ultimately the .236 again due to the covid crash in 2020. It eventually made the climb up the extension finding strong resistance/support at 1.618 in the low-mid 30K region and then upward to the cycle top of 64K at the 3.272 fib level. As you can see the VWAP was placed at the cycle low of $196 and was perfectly tested in Dec 2018marking the low of the upcoming cycle.
The next fib ext was pulled from the low of the bear market Dec 2018 up to the top of the cycle Apr 2021. I used the bear low of $3148 and the cycle top of $64.8K, hence the overlapping fib extensions. This leads me to believe that based on a full retrace BTC should bottom in the green box area around the $16K-18K level at the .236 fib and the VWAP which is right on track for green box target and was placed at the $3150 bear market lows. An additional piece of confluence at this area is the CME gap @ $18.5K and the meeting of the parabola with the descending trendline coming from the peak.
Based on this playing out we should see a peak in the next cycle at the 3.272 fib ext at the price of $205K, conservatively $195K-ish due to the psychological $200k barrier.
I dont see BTC breaking that descending trendline coming down from the $64k top until late 2022 and then bottoming out sometime in the spring of 2023. You cant see the 3.272 level due to me zooming in to see more details in the PA that is already occured but if you pull it yourself you'll see it.
Posting this mostly to see how this ages however if it is correct and plays out we are able to look forward to the next cycle for targets of the top and bottom. The prices seem crazy but it would be ball park bottom of $60K-70K with a top of approx $6150K-630K-ish but that is pure crystal ball stuff its so far away but it does line up to the price level the low of $60-70k and parabola and the halvening in 2028.
My only to buy zones are $65K or $16K-20K....whichever happens first!!
Leave comments if you have any.
Cycles
Spy - Cyclical bottom , potential long positionUS markets had a bad day on the streets and would have had some traders scared, but price found support at critical levels. After a long trend following price chart on Daily, price broke through below the Bollinger bands and in a scary position. We need to watch for price action, and see if it falls back in the bands for further review.
From a cycles perspectives, as seen on the charts, price has come down in the corrective zone, making a potential bottom. This could be a great time for a swing trade, once we are sure a bottom has been made. Once the bottom is made, then we get onto the rising phase of the cycle, where we expect higher prices
What will be interesting is whether price, in this ring phase, is make a higher high, or does it fail at important resistances
Points of observations:
1. Price found support on 124 Day MA and retraced higher.
2. Price found support on 20 Week MA (Should act as a support, if it sustains)
3. Fed Tapering in the news will have an impact
Dow Jones Industrials and Dow Jones Transportation stocks both charts have been more negative than the QQQs and SPYs..
Look out for this space, todays going to be an interesting day!
#ALGOUSD. Get ya shorts on, or get get caught naked.Have you already shorted ALGOUSD today ? If not, take a nice cup of coffee, get up (or the other way around), wipe your eyes and set a short on it.
Why?
Time has come. That's why. We're at the end of a massive pump . ALGOUSD RSI (1d) has been as high as today only 4 times in its lifetime, and 3 out of 4 were excellent shorting opportunities , and the 4rd with 25% down still a good one.
If you're risk lover, wait it 'till the price crosses the 0.768 fib line. But don't wait too long - tomorrow around six you could be late. If not the price moves under the current short term trend line even before.
Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
TOPGLOV May Drop to 2.50. BUT 5.80 First. 14/9/21TOPGLOV Stock price may drop until around RM2.50 where there is a confluence zone of 1) Major Monthly Demand Zone 2) A Long Term Up Trend Line Support ( Cyan/Light Blue Dashed Line) ..BUT... Price most likely will complete wave A (Red Circled) at around RM3.20 AND start trending up for wave B (Red Circled) till around RM5.80 where is confluence zone of 1) Next Major Supply Zone 2) Fibonacci 38.2% downtrend pullback from history high
Bitcoin Analyze (Cycles)!!!🔄Hi, today I decided to speak about similar cycles that can happen on Bitcoin . these cycles are verifying the way of my previous posts.
Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰
Location 🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze_Road Map🗺️(Update)!!!''.
Cycles 🔄: we have 4 cycles on my chart, cycles 1&3 are Ascending, cycles 2&4 are Descending.
Cycle 1 :
Starting price: 29420$
Final price: 64854$
start date: 27 Jan 2021
End date: 14 Apr 2021
Cycle time: 77 days
Price growth: 35612.28$ (121.79%)
Cycle 2 :
Starting price: 64854$
Final price: 29278$
start date: 14 Apr 2021
End date: 20 Jul 2021
Cycle time: 97 days
price reduction: -35576$ (-54.86%)
Cycle 3 :
Starting price: 29278$
Final price: 52920$
start date: 20 Jul 2021
End date: 7 Sep 2021
Cycle time: 49 days
Price growth: 23642$ (80.75%)
Cycle 4 :
Starting price: 52920$
Final price: ❓❓ $
start date: 7 Sep 2021
End date: ❓❓
Cycle time: ❓❓ days
price reduction: ❓❓ $ (❓❓ %)
🎯The aim of this post🎯: finding question marks for Cycle 4.
for finding answers, I tried to check out the times and prices for cycles :
Price growth cycle 1/Price growth cycle 3 = 35612.28$/23642$ = 1.5063
Price (percentage) growth cycle 1/Price (percentage) growth cycle 3 = 121.79%/80.75% = 1.508
Cycle time 1/Cycle time 3 = 77 days/ 49 days = 1.5714
From high ratios, we can know that number👉 1.5 👈 can be a key Coefficient for Calculations required for cycle 4. I used from 1.5 for finding a final price, end date, cycle time, and price reduction of Cycle 4.
price reduction : 35576$/ 1.5 = 23717$
price reduction (percentage) : -54.86%/1.5 = -36.57%
cycle time : 97 days/1.5 = 64.66 day == 65 day
f inal price : 33400$ until 28900$ ➡️ this zone is following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''.
end date : around 11 Nov 2021 ( probably on Nov or Dec 2021) ➡️ these dates are following my post that I published on Aug 23, topic ''Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️''.
also, I set fan principle on our cycles and I tried to find the degree between lines of fan principles by key Coefficient 🔥 1.5 🔥, we can follow Bitcoin with this pattern.
The degree between line 1 & line 2 (red lines) = 17°
The degree between line 1 & line 2 (Blue lines) = 17°/1.5 = 11.33°== 17°
in addition, we have the same Downward trends line's Degree on cycles 2 & 4 on RSI 👇https://www.tradingview.com/x/FT6TveII/
Note : if the price can break my important Downward trend line == my scenario will fail.
❗️ Sign ❗️: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES, and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again👇https://www.tradingview.com/x/0DMkFLmW
My Suggestion : you can follow my lines. probably my lines will work and help us👍😉.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
EXPR - Tine cycles EXPR daily chart with the length of the prior bull runs tracked in days. Excluded the 2019 run as it was corrective in nature/didn't conform.
From this count, on average the last 4 prior runs going back to 2011 lasted 435.75 days. The shortest run was 378 days.
Current run is 287 days. Thus current run is predicted to end by sometime in the 4th quarter 2021. See chart.
I also looked at the average price increase for the last four runs - which was ~1101 bars. Currently equates to a price of $11.67.
In terms of other indicators/overall chart dynamics the stock is behaving similar to the prior runs IMO. However, ever since EXPR "squeezed" this past January its OBV has been very high comparatively to past runs. This is contibuting to the price and trend strength IMO as traders appear to be holding through the dips.
Note: Time cycles are inherently variable as changing economic and market dynamics, black swans, new regulations, etc. can greatly effect these cycles as related to equities.
Not financial advice.
USDCAD ShortUSDCAD IS currently bearish on the 4Hour Chart. When I look at EW, USDCAD is on a bearish wave C, There is possibility of an uptrend if we break the 2 Hour Resistance area but for now if we break the current 4 Hour support zone, price has a potential to reach wave C which the target area. If the price goes beyond the the wave C target than we will have a strong bearish moment making the wave C become the wave 3.
GME going BEAST MODEGME - looking beastly on the daily and ready to move up.
Bull flag looking similar to chart in early March.
MACD ready to rip.
Relative Strength Index strong but not oversold.
Aroon 25 - settling in.
Cycles lining up for a potential run higher.
90-day high to high for the last two rips and GME is coming up quickly on that algo prediction/date.
Note - GME hitting the middle line of the Regression Channel from before the January high - it just needs to break through. IMO very soon.
Not financial advice.
NOK - NOKIA - EXTREME BUYA GREAT BUY, Nokia been around forever remember the 8810?
5G uplinks across Europe huge contracts in telecommunications
JUMP ONBOARD, say what you will about me but I don't fxck around watch this market move!
OMXHEX:NOKIA
EURONEXT:NOKIA
MIL:NOKIA
SIX:NOKIA
CAPITALCOM:NOKIA
NYSE:NOK
OMXSTO:NOKIA_SEK
BCBA:NOKA
OTC:NOKBF
XETR:NOA3
LSIN:0HAF
Maximum for this year?There's plenty to look at for AMD at the moment and definitely not the fundamentals. In a fragile moment of the market, AMD's stock found a strong surge after a while of relative saturation. The question is : is this surge sustainable?
I believe we have hot the maximum for this year in the past few weeks and here are the reasons:
* Crash or not, the market is saturating. I don't see big further gains in stocks for the rest of the year, especially Tech. In short, the sector is over bloated.
* The volume increase indicates a pulse rather than a build up. It is similar to the last highlighted peak in September 2018 in terms of volume. The profiling POC is deep low, which further indicates that the pulls will not be sustainable.
* Different from the last peak of September 2018 is the ADX indicator. Back then, it reconciled with RSI at the top indicating an almost certain turnover. Here, ADX is relatively low, which might sound bullish. However, when juxtaposed with the volume, it shows that this latest bullishness is short lived.
Eventually, if the market doesn't crash soon, it won;t lose much ground, staying more or less in the upper channel shown. I suspect the price would fall up to 90, resting around 100.
KOSS - correction 90-day cycle Buckle Up!Looking more like a 90-day cycle versus 85-days for KOSS between lows and highs which i similar to what others have reported for a few other "meme" stocks.
Next leg up for KOSS has started IMO. MAs about to cross and BB very tight here.
Buckle up. See Chart.
Not financial advice.