QQQ Thursday Gap Up ReversalShort-term & small sample, but an interesting pattern nonetheless...
If we look back at similar events to Thursday's action, they've all been short-term tops in the market. We're looking at: (1) Gap up open on a Thursday; (2) Bearish reversal closing near the lows of the day; (3) Increased Volume from the prior day(s); (4) Preceded by a good run in the market.
I think it's worth noting, although I'm not sure the market dynamic behind it, that these recent short-term tops have all occurred on a Thursday. So seeing similar-type action this past Thursday is sending up a short-term cautionary signal, especially after such a strong runup over the last few weeks. I want to emphasize 'short-term' though, because the long-term trend is still very much in tact. It may also be worth noting the lack of breadth under the hood as an additional short-term cautionary sign, although there are certain areas and groups that have been participating... it's been very much a stock picker's type of environment.
Economic Cycles
ORDI: effect big candle📊 Token analysis Ordinal done in the style of price cushion, by Ahmadarz analysis team
🚦In the main structure, in the daily time frame, we are in a trading range between the prices of $31 and $95. When I reached this support floor and formed a short-term trading range between the prices of $31.5 and $51, and its failure from the price of $43, a good pump was done. The price went up to $65.
In the continuation of the price trend, since we have reached the middle of this trading range, there is a possibility of returning to the breaking point, i.e. the same price of $42, and if the downtrend line drawn upwards is broken with a codenel with a large body, we can see the price ceiling of $90.
But now I see the downward trend
Upcoming support: 🔺
The most important support is at the price floor of $33
The next support at the break of the last trend is $42
Upcoming resistances: 🔻
The closest resistance: $2.231 as the first target
The most important resistance is: $2.40
💲How to get the trade :
We can enter in the bearish candle created below the trend line.
⬅️Entry: $62.34
🔴Stop: $68.67
🟢Targets: $43 - $55.15 - $57.25
Capital management should be followed because Ahmadarz analytical team is not responsible for your profit and loss. ⚠️
NU Breaking ConsolidationAnalysis: NU Holdings Ltd. Has returned 45% YTD and currently maintains an average volume of 22.29M . Price has been stuck in consolidation since early May. Price has had four (4) attempted breaks of structure since. Watch for breaks or advances in "Support Resistance Structures (1) & (2)". Watch for a clear break "Support/Resistance D" before consideration. "Time Axis 2" has been broken - look for higher break in price on "Time Axis 3".
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ArticaAnalytica
A Desperate Long Position
My First Idea here, I would like to think of it more like an intuition vs. technical analysis. MNY has made some patterns I noticed especially like around 24th-25th of a month, entering a consolidation area for 2-3 weeks (1.88$-2.00$). waiting for an up trend breakout to exit my position.
Facts on MNY:
NASDAQ Listed
Positive performance & earnings
Low daily Trading Volume except in the seasonal pattern
Slow mover but volatile if it moves suddenly
Boring to wait for if its sleeping on volume
1 analyst is expecting it jump to 7$ by end of year , another expects 4$ somewhere in 2025.
A well made Recent Research: (Credit goes to Milo Bussell Associate Analyst, Consumer and Media) www.edisongroup.com
Please share your thoughts further, again this is just an idea not a TA.
MNY Thanks! (Pun intended)
Comparison of BTC VS SPX Dailey Cycle low timing Here you can see a daily cycle low count on BTC starting from the lowest low in the 4year cycle, the November 2022 Low area.
If we start our BTC DCL count from this anchor point we can see the resulting periods of correlation and de-correlation between the price of the SPX and that of BTC.
Notice in more recent cycles how the BTC and SPX cycles are deiplaying an offset relationship by about 25 odd days.
This can be seen as BTC is marking lows at times in the SPX is in a higher region of price.
Or BTC consolidation while SPX marking lows, only for BTC to lag the SPX and follow along to mark the half cycle lows.
The most Bullish Bitcoin signal since 2017 and 2012On the above weekly chart of Bitcoin price action a signal not seen since March 2017 and previously November 2012 has printed. No one on the social media circles is talking about. You heard it here first, remember that ;-)
What is it?
Weekly hidden bullish divergence.
It is the same signal that allowed us to long the S&P 500 from 3750 and the Nasdaq 100 from 11k while the internet was calling for Armageddon. (Both ideas below).
Think of a regular bullish divergence as an oil tanker. They confirm and price action reverses trend providing a clean pivot in the market. Now think of the hidden bullish divergence as a speedboat. They come out of nowhere, completely unexpected by the market catching everyone off guard.
Only two previous hidden bullish divergencies have printed on the weekly chart in the past.
March 2017, 1900% rally followed
and November 2012, 10000% rally followed
Some of you may be familiar with the deterministic forecast from Steve of CCU and notice the ratio between the returns of the first two bull markets as 5.3. Thus leading us to determine the next market top is at $75k after a 360% rally. However that is not going to happen because of changes to the M2 supply as I’ve discussed elsewhere. The theory does not account for those changes, and as result invalidates an otherwise solid forecast.
The market top is further up, have revealed this target elsewhere!
Ww
S&P 500 to 6k from 3750
Nasdaq 100 long from 11k
A CLOSE BELOW 1.26586 WILL LIKELY DRAG GBPUSD BELOW 1.26000GBPUSD daily structure is weakling, a close below 1.26586 will most likely cause the pair to dip further...
N.B!
- GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gbpusd
#cable
EURUSD H4 StrategyAfter a large decline last week, there is a greater chance of a rebound this week, but there is still resistance above 1.0780-1.0840. Recommended operation for this week: buy low, sell high strategy. But the operation of buying low can be more active.
Strategy:
Buy Zone (positive) @ 1.0640 - 1.0710
SL: 15-25
TP: 40-80
Sell Zone @ 1.0780 - 1.0840
SL: 15-25
TP: 30-60
888 -> 8888Is this top of the Nasdaq, end of the bull cycle?
See the similarities with previous cycle: same 609 days, 418 bars to 422.
The beginning of this cycle was at 10,088.83, last close is at 17,688.88. The digit sum of both numbers is one.
Maybe we can expect some days at the top, some chance for NVIDIA to be largest company in the world by market capitalization.
Bitcoin Pre-Halving bull run from Jan 2023Hello Everyone,
I want to share this amazing thesis that I found on the Bitcoin chart.
Everything is on the chart but I want to clear some insights about this.
First of all, all Bitcoin bullish cycles have two sub-cycles: pre and post-halving sub-cycles.
I believe the bottom is NOT in yet but we are close to that and it will be clear before Dec 2022 and the Pre-halving phase will begin from Jan 2023.
Let's take a closer look at previous bullish cycles.
The first halving event occurred on the 28th of November, 2012. Bitcoin had a pre-halving bull run from the bottom which took 378 days and it pumped more than 522%.
The second halving event occurred on the 9th of July, 2016. Bitcoin had the same pre-halving bull run from the bottom which took 539 days and it pumped more than 300%.
The third halving event occurred on the 11th of May, 2020. Bitcoin had almost the same pre-halving phase which took 518 days and it pumped more than 200%. During this phase, the black swan event happened which was COVID-19 crash and I ignored this because it was unexpected.
According to previous bull cycles, we can conclude Bitcoin will find the bottom in Q4 2022 and from there the pre-halving phase will begin and it lasts until fourth halving on 03 May 2024 which will be almost 478-540 days from the bottom.
The bottom will be somewhere between $10k and $16k, No one knows the exact price but you can start DCAing below $16k (if we get there).
The post-halving phase will take Bitcoin to new territory and I think it will be somewhere between $100k and $200k in 2025.
Be patient and have your own plan.
Trade safe.
If you found this info useful, please share it with your friends, and don't forget to hit the boost button and follow me ;)
Thanks.
BTC/USD Halving 518 When will be the cycle price low and high.Main trend. Time frame 1 month.
This idea is almost a clone (in meaning, not visualization) of my previous idea published 1.3 years ago:
BTC/USD Secondary trend cycles and halvings.
For great visualization and clarity I added leap years (pre-pump, pre-distribution), this applies to all markets, not just the “young” cryptocurrency market... That is, after it, just the price is in the zone of distribution (sales), which is identical with the price highs of the secondary trend.
Bitcoin cycle 4 years:
Year 1 - birth of a new bullish trend (leap year).
By the way the next year 2024 is exactly like that. But, read carefully to understand the point.
For some time the price moves sideways or with a small rise.
Positive/negative alternates. Negative dominates.
There is no interest in the crypto market. The traffic of stupid money is minimal.
The volatility of the price of instruments is usually minimal.
This phase of the market is also called "participation" (more relevant to the second part).
In the final phase—active movement to the distribution zone (the zone of sales by large market participants—small).
In a given year (or near this time zone in the previous year), there is typically a second dump (second price low) with more aggressive dynamics by a large %.
Dump -60.66% 03 2020.
On the chart as an example of past dump at -60.66% (magnet) at the start of Corona 03 2020 (taking advantage of the world situation) before pumping the market in the future. Always keep this kind of thing in mind and be prepared for it, even if you are sure it is unlikely. Observe mani management.
Training idea/work 02 2020:
Trading by trends and important areas using the example of BTC
Something like a big triangle like 2020 is forming now.
BTC/USD Main trend (3 years) Channels Triangle 09 2023
Altcoins in this time zone cycle .
Altcoins tend to be in their accumulation channels. Alternately, from time to time, some are “firing” (usually of lower liquidity). Some produce “takeouts” under the dial zones.
The essence of this time zone for alts is to gain as much as possible % of positions from the market. The price is not important (the average price of a set is taken into account), alts typically follow the general market trend, which is logical and tactful from the position of long-term prospects of earning in cycles.
Year 2 - Bull Market. Trend price maximum and distribution zone .
Resetting positions by large market participants. That is, the smart money sells to the dumb at the market high.
The 17 weeks post-halving ( 518 days, gematria ) zone of perfect selling in crypto asset allocation. Roughly speaking it's a zone near price highs, at least that's always been the case in past cycles of bitcoin and the crypto market as a projection of it.
Altcoins in this time zone of the cycle.
Inadequate altcoin pumping. Typically, "old" cryptocurrencies are showing 5-10x (+500-1000%) of previous dialing zones. The average profit accumulation/distribution of almost any cryptocurrency is 5-8X, with the range of lows and highs (for hamsters) usually twice as large.
A huge amount of all sorts of crypto speculative garbage "promising cryptocurrencies" and "bitcoin killers" is created ... Pumped at the most inadequate interest with holding the reset zone for a long period of time due to the huge traffic of "stupid money".
It should be separately emphasized that in this time zone of the cycle huge traffic of “stupid money”, who want to get rich without understanding anything about it.
The crowd is not afraid to buy. This is key. The media is all about the positive.
A huge number of newly-formed crypto experts are young kids, whose expertise will disappear when the market turns around in the next sub-cycle....
Anyone can make money ("sitting on the trend"), even buying and holding anything for a while, of course, except for "promising high-tech crypto garbage" on inadequate pumps and with the same news positive accompaniment.
Absolutely all alts including high capitalization never repeat their price highs to bitcoin.
Year 3 Bear Market. Market dumps from area of distribution (selling) price highs to area of set (buying).
Price typically drops about -70%-80% on bitcoin
Typically, when a distribution support zone is broken, many scare tales or real negative news stories are created to scare and trigger a “crypto depression”. Subsequently, a mostly negative news backdrop dominates, usually of a made up fairy tale nature in “three lines” for the true fools.
Holders of “promising crypto” are bleeding, hope for the price to return to the previous value and "faith in projects" are gradually fading away. The final phase is dominated by the view that it's all a “crypto scam”. Bitcoin will "die." Toward the end of the phase, there is always a “bloody month” (price minimum)—before the formation of the dialing zone.
Altcoins in this time zone of the cycle.
Altcoins are declining from pumping highs before stopping the decline and moving sideways (set zones):
Highly liquid 80-90%
Medium liquid 90-96%
Low liquid (extinction candidates) from -95% and below % conditional on such "crypto trash on the verge of life and death".
Year 4 is the sideways zone, i.e. the accumulation zone. .
In this time zone after a significant dump (more than a year) there is a corrective price recovery movement. This is the so-called "intermediate bitcoin pumping cycle". We are just in it at the moment.
Altcoins in this time zone of the cycle.
Altcoins of high and medium liquidity depreciate, as a rule, by -90-93%. Once this % depreciation is reached, horizontal accumulation channels (1 major zone) of position set for the next cycle are usually formed.
"Cryptocurrency holders" who bought at or near price highs in the last cycle tend to all sell at a large loss in "tired of waiting" accumulation zones for their "promised bags of money".
Low-liquid altcoins depreciate in price by -95% or lower.
It is worth recalling that -95% from the previous -90% is -50%. That is another reduction of the deposit of the “grief trader” in two times.
A part of altcoins, which with a small "community of believers in the wrapper" - “dies”.
Often, the creators crypto run out of money for all sorts of marketing tricks. Then they pour the rest of their crypto phantom on the market, inventing some tale of hacking or something similar.... After that - "to the islands", until the next bull cycle. The sect of "deceived MMM depositors" scatters. The wrapper dies definitively....
Altcoins, including HYIP ones, which were created in the last cycle, are all depreciating. Out of the top 100 of the previous capitalization ranking, they depreciate beyond the top 1000. Never recover in capitalization and price not only to bitcoin, but also to the dollar in the future in the next cycle.
This is what bitcoin trend cyclicality looks like on a linear price chart
BTC/USD Secondary trend cycles and halvings.The graph shows the main trend of bitcoin. Logarithmic chart. Timeframe 1 month. The main liquidity zone.
The graph is linear (without “market noise”, i.e., without squeezes of minima and maxima for hamsters).
The channel and all values are set according to it. Everything is extremely accurate (potentially accurate).
All the same parameters, but candlestick chart.
Pay attention to the timing of the halving and the evolution of the cycle . There are super resets before halvings, which are completely invisible on a large timeframe on a line chart after a short time.
Pay attention to 17( 518 ) + 18( 547 ) and the treasured 1400.
I am sure that in 1 year everyone will be very interested in the cryptocurrency and bitcoin market, in 2-3 years ( 123 ) up to 6 0% of market participants will no longer be interested (they will have completely different problems). In 6 years there will be no more than 6 0%.
Secondary trend decline in the super cycle (the main, long-term trend), on a line chart, 1 month timeframe:
1) -81%
2) -75%
3) -67% (as of publication).
#1 Super reset -44% after 1 cycle , already in the alignment zone (sideways, accumulation) the before BTC halving.
Candlestick chart. Timeframe 1 month.
All the same and the same “fear”, but on a line chart
#2 Super reset -67 % (13). 2 cycle . Border closes, start of COD619 carnival, (hematria) 1.8 months before bitcoin halving and subsequent growth over +880 % (not from lows).
From “fear hamsters” lows over + 1440 % (not liquid). Candlestick chart.
Same on a line chart. Greed begets poverty.
Focus on that part of the price chart of the cycle. The chart doesn't matter, what matters is what I can "silently" convey to you with it. It's important to understand what's important to you, what you want to guess, I'm not interested in that at all. It can't be a secret what's already been. It is simply reality. You don't have to understand the last paragraph. If you don't understand it, skip it and focus on the text above, the logical TA (probability game).
HAWKISH FED LIKELY TO CAUSE DOLLAR STRENGHTENWith the dollar index slowing down at the support level just in time when the FED report indicates hawkish outlook, dollars may likely continue to strengthen, creating more highs thereby hurting the pairs.
N.B!
- DXY price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#dxy
#dollar
Gold moving down < 2300 first? 13/June/24XAUUSD "sent" for "euphoria" after "better" than expected CPI report where traders expecting FED will cut rate soon BUT again the sentiment "changed" few hours after FED Powell's Come & play "Guesswork Games" restart again..So as today Core PPI? is all pre written script as people like "fairy tale stories"..