Mixed BTC signals from LT MAs. Capitulation must end b4 moonThe 50 day and the 200 day ma recently had a death cross.
The 50 week and 100 week ma about to have golden cross.
Mixed signals between two long term indicators.
imo the 50 day and 200 day has been more accurate with our cyclical performance analysis.
Furthermore, BTC still stuck in the expansion phase top (14K) downtrend channel.
Lastly, miner capitulation is still in progress.
All of this looks to say that the path of least resistance is to the downside.
That is until miner capitulation is complete and BTC is able to get a bid that can break and close above the top of the downtrend channel.
Really depends on how much working capital the miners were able to build up from the explosive expansion phase and how bad institutional miners want to eliminate competition going into a historic halving that will lower BTC's inflation rate to lower than that of both gold and fiat.
Double bottom incoming over next couple of weeks, may even tap $5Ks.
LONG opportunity of a lifetime (cycle) because the Bull Phase B target is $90k to $150K.
Good luck everyone.
Learn more about the cryptonomics cycle in the free Special Report: Cryptonomics @ www.ciadc.co
Cyclical
Here it is #RioTinto #RIO #tradingview @RioTinto #mining #goldWho would have thought it?!
Rio Tinto is faster than the police or the Söder allows.
The shares simply do not respect the boundaries of the restrictions and cross the borders. That is forbidden, after all in Germany.
In this case, Rio Tinto is making a statement with a new all-time high and thus for me an superior ongoing wave 3.
With 4.8% p.a. Dividend yield one is also made happy at the moment.
So everyone can get through the storm.
Greetings from Hanover
Stefan Bode
Breakout Brewing for Bitcoin SV!BITFINEX:BSVUSD
As volatility stagnates and directional indexes are at historical lows, pressure is building for Bitcoin SV and other coins like DASH and LTC.
This graph shows how cyclical the crypto markets are and how dangerous it can be to be short in conditions like these.
Three downtrend periods are evident in the history of Bitcoin SV, the first being Nov 2018 - May 2019, the second June 2019 - Dec 2019 and the third Feb 2020- Oct 2020.
After every downtrend in BSV , a breakout of + 350% followed, in both cases with a duration of 60 days and marking a maximum in historical volatility (HV) as seen in the graph.
Currently we are in exactly the same conditions as in the base of the previous explosions, both in chart patterns and in volatility and trend indices, the cyclical trend of the currency being quite self explanatory.
I would not recommend entering long right away from the bottom of the channel, but long from the break of downward strtucture plotted as a blue descending line. The reason is to minimize risk in order to use leverage or greater position size, instead of hoping for the best by seting a -20% SL. It just makes more sense.
Movements of this magnitude could be catalyzed by the movements of other coins such as Litecoin and Etherum, which in the past have already shown to have a greater correlation with this pair than the giant Bitcoin ( BTC ).
Trade at your own risk. This is not financial advice.
ITB channel breakoutHomebuilders have been behaving well in a channel since the market low of march 23rd.
Tuesday after memorial day was the first break out of the channel, and today's participation continues to give the sector a more positive view.
Next tested resistance which is all time highs around $49.5
Next strong support is the 200sma (red line)
RSI is taking us to overbought level (relative bear)
OBV trending higer (bull)
We are seeing some sort of rotation to more cyclical sectors. I am checking out for IYT, IYF, XLI.
APOLLO HOSPITALS - NEAR MAJOR RESISTANCE - WATCH FOR BREAKOUT- Apollo Hospitals is in major RESISTANCE zone.
- The Black linear line represents the zone.
- Follow the below information in order to confirm if there will be a breakout or pullback?
Ans: Those Yellow color vertical lines are called the 'CYCLICAL LINES' and are drawn whenever a candle is formed will represent the trend reversal.
If you observe, post these candles are formed, from the next day you could see either breakout or breakdown. The next Cyclical Line is due to form on 17th April 2020. Basis which the decision could arrive.
BTC MACRO CICLE ~ NEW BULLRUN VS PREVIOUS [2015] ~ FUTURE MONTHS~ vertical golden lines are halvings
~ horizontal red lines are All Time Highs
~ the red arrows go from the ATH to the point where the price is again at the same ATH inside the new bull run
~ the green arrows go from the start of the new bull run to the point where the price sets a new ATH
~ indigo horizontal lines are points of support / resistence for the price
~ the indigo arrows represent how price will navigate through the indigo lines towards the halving in may and in the months following it until it reaches the current ATH again based on the previous bullrun
~ this is the current lower timeframe snapshot of the macro analisys in the same phase of the last two macro bullrun cycles
~ this combined with my macro cycle analisys serves as a drive and basis of the attached future months prediction which is the upper portion of this chart
~ peace and love ~ vaccum
New Cyclical Bull Confirmed27/Nov/2019 12:19 PM AUTHOR: Brandon Gum
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The last 10 times out of 11 that IWM didnt have a new ATH for 250 days and then made one---> IWM was higher on avg by 17% 12 months later.
Above this level here we need to be fully long.
Tell me why Im wrong
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QQQ poised for Oct-Dec repeat?In looking at the lines I've drawn on QQQ the last year or so, what stands out is that when QQQ breaks decisively below uptrend support lines, it has always been eventually fatal. (I feel like a moron for not believing my own TA on May 3 and 6 when I should have opened a massive short with tight stops. I agonized over the charts on those days, but the bulls had really worn me down emotionally and I didn't take the trade.) If it regains uptrend support rather quickly after fakeout below, it can continue uptrend for some time, but eventually loses it again.
I was 100% wrong about the strength and length of the post-December rally. That bounce went way higher than I expected. So take what I say with a grain of salt.
However, it really does feel like we're at the end of the cycle because of so many different things: we've got weak international economies and trade wars to goose us to the downside on top of our cyclical and monetary expected downturn. If you look at my past index ideas (QQQ, SPY, etc), you can see some more of that indepth research on the macro fundamentals subject.
Back to the chart, I see some very strong repeating patterns from the Oct-Dec correction. If you allow your eyes to simply wander over the peaks and valleys (including some lines that are obvious but which I've not drawn as they would make the chart too busy; ETA: ok, I relented and added purple downtrend to Oct-Dec), you can quickly start to see various likely scenarios emerge.
I'm looking for a bounce off my red line today and hopefully bouncing to $180 for gap fill at purple by Monday or Tuesday. I hope to add big size to my SQQQ position at purple and get a strong rejection off of purple for the next phase of down.
If QQQ breaks above downtrend purple, it is reason to closely watch, but not reason to exit short. This is where those imaginary lines in October (ETA: now added) come into play. Notice how much steeper my May purple downtrend is than the eventual more authoritative lime-green downtrend in Oct-Jan. If you look at October and had drawn a purple-style downtrend in Oct, it was also much steeper down and also had many more "fakeouts" above than the eventual shallower lime line. However, the market kept coming back to that steep downtrend until its eventual bottom and V bounce late Dec. I wrote all of the above (with the exception of the ETAs) and then realized that it was stupid to talk so much about the imaginary line without actually putting it on the chart. So just now I've added a purple steep down-trend line to the chart in Oct-Dec and I'm amazed at how that was eventually support for the V bottom. Very elegant and orderly.
I'm looking to the current steep purple downtrend to possibly provide future direction, though I also expect it to be unsustainably steep and that we'll see some action above it in the coming downcycle.
The markets' clear double-top mean that this could be our big 2000/2008-style correction. Please notice that both 2000 and 2008 had very similar double-top formations, though 2000 and 2008, the second top was slightly lower than the previous and in our case it's slightly higher. From a TA perspective, that's far less bearish than an equal double top or a lower high double top, but from my experience in crypto-trading where there is obvious whale manipulation, I've become very cynical and believe the legacy markets are manipulated just as much by the big boys, they're just more practiced and subtle about it. Pure TA would lead us to guess at a higher low than Dec. and a march back up for another higher high, but because of macro winds, I'm skeptical of that scenario. However, I've also painfully learned from the Dec-May bounce the truth of the maxim that the market can remain irrational longer than you can remain solvent. Stops must be honored, setups must have invalidation.
After writing that last sentence, I determined that $187-$191 (reclaiming the previous two ATHs) are clear red lines of invalidation, but also painfully distant from our current price, especially at 3x leverage of SQQQ. So I went ahead and cloned the Oct-Feb lime-green line to provide a second, closer point of invalidation whose violation will trigger a position size decrease and de-risking.
Best of luck and I look forward to hearing your thoughts as well!
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.
Smells Like a PumperBreakout about the 100 day VWMA and CCI is crawling out of the hole, another rush upwards is in the works. To what point is anyone's guess. Personally not going to buy in unless it has a nice pullback toward the 2.00 level.
Best to play this like anything else - with patience and discipline.
ETH may start a new cycle of bull marketThe last cycle of crypto mania ended in the end of 2018 when leading cryptocurrencies has lost 80% - 90% of their market values. The classic pump and dump cycle may afflict huge financial losses to participants in the bubble.The bright side of this collapse, to some degree, is that tokens has attracted significant media coverage and public interests. Tokens has grown popularity among adolescent and technological nerds, internet hackers.
By the end of 2018, ETH has break below $100 with RSI crossing under 20 which is a historic low level and signed a extremely sever oversold condition. Price of ETH has stayed above $100 more than a quarter. As such, the market most likely starting a major bottoming consolidation and buyers will eventually complete accumulation.
When The Floor Falls Out Under YouFrom Futures regarding global index's on Monday Morning at 1:59am have been deep in the red. volatility is at records high since the Great Recession. When Mondays floor of 2600 falls out under us, we'll shy with with 2550 and the world recession will be looming on mass media following a 11.5% drop to next support line at 2300.
Long Under Armour; Short Michael KorsThe economy is still expanding, making cyclicals a good choice. Under Armour has been outperforming Michael Kors, and is at a good technical level to buy into. The short on Michael Kors helps hedge out market and sector risk, isolating the risk associated only with Under Armour.
BTM following a cyclical cup and handlepattern on a 4 day periodBTM has been following this uptrend pattern over the past two weeks. My next buy will be about .0005 (on~ 06/26) and hoping to sell .0007 a few days later (~06/29).
Ichimoku cloud supports a general uptrend in BTMBTC so I think buying isn't overly risky - rather you want to buy at optimal entry points so focus on that so follow MACD and the supports
I'll answer any questions on this!
Donations if you feel inclined in BTC : 1PdYRwtiiyrs5fZw778XKD4SX3f8iaxMnd
Best,
Aaron