Economic Cycles
The KING OF BULLS waits to be called to start the BULL RALLYDespite being volatile, BULL SIGNALS don't appear just for show but with the same false breakout rocket signal candlestick.
False breakout rocket signal means BITCOIN is making a pretense downtrend of 5 candlesticks then the BULL GAMES begin.
This is now accompanied by an algorithm BULL TRIANGLE
The added curve means we may face a dip or remain within the price range as it has been confirmed by the false breakout downtrend or could the KING OF BULLS change the SHOW?
My KRISS-CROSS MA's with VOLUME has unveiled a little more wait before the PRIMETIME launch.
Log trade
Pair XAUUSD
Entry 15min TF
NY Session Am
Fri 30th Aug 24
1.50 pm
Buyside trade
Entry 2499.144
Profit level 2514.570 (0.62%)
Stop level 2495.477 (0.15%)
RR 4.21
Observation - Sat, 31st Aug 2024
Currently, on the 15-minute time frame, we observe a bullish breaker that has played out within a balanced price range according to smart money concepts. This setup is confirmed by the lower wick of the red candle and the upward trajectory of price action since leaving the price point of 2498.320, signalling that the price is likely to leave this region to seek out other imbalances, particularly liquidity.
Since we are in a buy-side model, the price will aim to balance the previous sell-side price action. This is highlighted by the blue zones representing demand levels and Fair Value Gaps (FVGs). In the buy-side model, the price is expected to be attracted to these FVG zones, marked in blue, to balance the buy-side/sell-side imbalance.
As a result, we anticipate that the price will continue on an upward trajectory to complete this cycle. The price is expected to seek out and balance the following levels: 2504.003, 2506.553, 2511.581, and 2514.590. The final target for this cycle is the liquidity high at the 2514.590 price level, which will complete the range.
Ps The yellow lines indicate a small price range highlighted by a PD Array, clearly showing the bottom, middle, and top levels. If you look closely, you'll notice the candle bodies creeping upward—a telltale sign of upward movement at this time.
Breaking down Dow Jones Elliott WavesThe above chart is my main hypothesis for the Elliott Wave count of Dow Jones which represents the Elliott Wave Analysis of the Bull Market Post 2008 financial crisis.
Kindly read all the details to better understand the Elliott Wave analysis and how Elliott Waves can be used to give us an edge in trading.
Currently it looks like we are in an Ending Diagonal waves. The reason we are in Ending Diagonal Wave 3 instead of Wave B of ABC flat is because we are too far up now for our current market to be considered in wave B of an ABC flat.
The 2008 crisis bear market was an ABC flat, if you look, we crashed at that time when Wave B was at around 138% of Wave A.
I have attached sub wave structure of the rally we have seen so far after the COVID crash.
I have explained my reasoning for my wave counts in the chart which you can take a look.
Now moving further inside our sub waves, below chart shows the sub wave structure of the ABC wave we are in since 27 October, 2023
Further moving inside our sub waves, the chart below shows the breakdown waves of our this year move. Once all the waves shown in the below chart finish, we should see a correction towards our Post COVID peak price levels.
2020 Aug Sep Oct BTC price history during last FED Rate Cuts2020 Aug Sep Oct BTC price history during last FED Rate Cuts
A look at the 2020 rate cuts and BTC price action with comparison to NASDAQ
Questions:
What happened to BTC / Crypto the last time FED cut rates?
What happened to the Stock Market the last time FED cut rates?
ABBN - CHF | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend | Time Frame Conductive | Daily Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
Possible forecast for BTC (Long-Term Movement)Just simply using fractals of BTC's own movements to map out what looks like a good chance of happening over the next 6 years. Crash in 2030 allowing for a new cycle of investors to jump in? Teasing between 87K and 13K allowing for high volatility and short/long sweeps. Provides room and time for the web3 and alt-coin market to gain momentum, usage, and volume. We will see!
*NOT INVESTMENT ADVICE | FOR ENTERTAINMENT PURPOSES ONLY
The market is impossible to predict. Anything can happen in the next 5 - 6 years. This is the most level-headed and realistic forecast IMO.
What do y'all think? :)
Comment your thoughts!
GOLD TO REVERT TO ITS MEAN AFTER STRUGGLING TO MAKE NEW HIGHS!XAUUSD is struggling to make new swing high, but making new lows. A possible pullback above 2510 with rejection likely to cause price dip below 2480.
N.B!
- XAUUSD 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
#gold
#xauusd
Long trade
Wed 28th Aug 24
12.00 pm
LND to NY Session PM
Buyside trade idea
Entry 4HT TF
Entry Level: 140.72
Profit Level: 165.62 (17.69%)
Stop Level: 139.61 (0.79%)
Risk-Reward (RR) Ratio: 22.43
This setup is highly ambitious, with a large profit target relative to the entry and a tight stop loss, resulting in an extremely high risk-reward ratio of 22.43.
ETH 2400 - 2000So ETH broke down. Send it lower.
Found some interesting areas of interest using the OHL (open, high, low) this year and previous years.
There is a strong interest zone between 2400 and 2000. Found lots of confluence.
Yearly open marked by red line with the yearly highs and lows marked in black.
1. Yearly open at 2282
2. Yearly low at 2095
3. 2023 yearly high at 2447
4. April 2023 high point (orange arrow) similar point to the yearly low at 2095
5. Price coming below the 200d MA and 52W ma
6. Aug - Oct timeframe seasonality
7. Similar chart setup as last year
I'm not an ETH bull anymore but I think this chart here shows a good longer term setup. The 4th year in the cycle is typically the strongest and I expect this time to NOT be different.
Can also see how the 2022 yearly high and open at 3800 act as strong resistance thus far in 2024.
They're really gonna let us run it back again muahaha.