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Fractal

U.S. dies by financial repression, then hyperinflationA 5th wave can extend into 9 waves as per my conjecture. I will follow-up in the updates posited plausible crash scenario for early 2024 which is difficult to see on this chart if not zoomed in. DJIA charted from 1789 inception . It’s plausible that Robert Prechter’s Elliot Wave (EW) count for the DJI (c.f. direct link to the chart ) might be correct to the extent of per my observation (of a repeating fractal) that the 2020 flash crash was a repeat of the 1987 flash crash, thus the top of looming major degree wave V (aka 5) could be in ~2032. Prechter’s charted expectation for a top in 2023 (or even those that think 2025 will be a top) are likely incorrect. I will elaborate my reasoning in follow-ups, including explicating Martin Armstrong’s 37⅓ year and his other cycles. Glenn Neely (creator of Neowave ) presented his thesis in 1988 (c.f. video follow-up in 1995 and in 2022 ) for an extended major wave V (which he refers to as Super Cycle major degree wave 3) terminating between 2020 to 2060. Ostensibly Neowave’s main claimed “innovation” over orthodox EW is the ‘ neutral triangle ’ (c.f. also ) which attempts to explain some motive 5-wave counts that increase in price as corrective in structure (i.e. potentially overlapping instead of strictly impulsive ) such that the ending E wave is a down wave in price (c.f. 2022 video). My impression so far is his methods do not help to explain anything. However, I did appreciate from his 1988 paper the points that this extended 5th wave posited to be underway since 1929 is likely duplicating the structure of the 3rd wave (he refers to as SuperCycle wave II). His assertion (based on his conjecture that DJIA commenced 1765 not 1789) that his Cycle I is 61.8% of his SuperCycle reminds me that my posited 5th wave extension (~142 years, 1932 to 2074) is ~1.618 duration of my 3rd wave (87 years, ~1842 to 1929) and equal the entire duration from 1789 inception to 1929 or 1932 termination.
DJ:DJILong
by shelby3
61
LYC - LYNAS - rare earth anti chinese monopoly playLYC - LYNAS - rare earth anti chinese monopoly play as the title says, china is once again applying restrictions like they did in 2010, low and behold we have the same price structure! these plays are cyclical for sure. they sorted their Malaysian issue recently, at least for awhile. i expect their move back to Australia will be facilitated by the western powers that be that are looking for independence in their important metals supply chain. Lets see how this plays out. "The Ministry of Commerce’s announcement on Monday is the latest move by the People’s Republic to leverage its dominant position mining and refining rare metals. It did so in 2010 against Japan over a territorial spat, enacting an unofficial, temporary export embargo against the 17 metallic elements that comprise the rare earths family. It also manipulated the market through export quotas and other policies, which held down global prices – deterring investment by miners overseas - while pushing local firms up the value chain. "
ASX:LYCLong
by Crypto-Quantum-Fox
DXY showing its hand - possible bullish move for the DollarOn the daily chart, market structure was broken towards the upside and we had multiple higher lows formed on DXY. We can also see that DXY is currently holding an area of support. Based off of pure price action, we can expect a potential move to the upside. Two easy targets are outlined but price can go as high as the third target. It is important to remember that a higher timeframe idea like this can take a long time to play out. Also, keep in mind that market sentiment can change at any moment based off of economic news drivers and geopolitical events however, If I had to pick a direction for DXY right now, I would pick higher prices.
TVC:DXYLong
by th3gunn3r22
Why Steve's 5.3 theory is not likely to play outMany have already heard about the Steve's (Crypto Crew University) 5.3 theory. This theory determines that the percentage gains throughout the bitcoin cycles are decreasing by a factor of 5.3, placing a top for bitcoin for this present cycle at roughly 80k. While I tend to agree with Steve's analysis, and actually find him one of the most accurate bitcoin analyst for this kind of technical analysis, sometimes I do disagree. This is one of this cases. Even though I still find this 5.3 factor a remarkable finding for the big swings he suggests, I don't think this data can't be extrapolated the way he is doing it. Very often in different kind of analysis people forget about the time factor. Most importantly, when talking about cycle analysis, one has to pay more attention to the significance of the term cycle, where cycle and time are directly related. To be more specific a cycle is the periodic repetition of price action during a specific time period. Bitcoin’s 4 years periodicity is very well known, with the bottoms marking the beginning of new cycles precisely every 4 years. And this is where I find Steve’s analysis might be wrong. While he considers the cycles from 2014 as being 4 year cycles, from 2010 to 2013 top his analysis include 2 cycles within a period of 3 years. Within this period, while many consider two cycles, it might be far from correct, and against the true meaning of the word cycle. If cycles periodicity is maintained since BTC’s inception, we can see that time for both tops and bottoms are perfectly aligned. If the 5.3 theory is applied now, we see three important things: 1) first cycle percentage factor is way higher than 5.3, roughly 10 times more; 2) in the second cycle we do have the 5.3 factor correctly assigned, and 3) we can only calculate two past percentage factors with the data we have, so no reliable trend can be determined at this point. What we do see is that the sizes of these green boxes are indeed decreasing (diminishing returns), but if we set the next top around 100k, it would still fit the trend perfectly. As conclusion, while there is no doubt we have a 5.3 percentage factor for some of the most important tops printed so far in BTC’ history, this shouldn’t be used to extrapolate the next cycle target since the periodicity of the first cycle was not correctly calculated. Time will tell. Let me know your thoughts.
INDEX:BTCUSD
by LittlePhi
2
GOLD LIKELY TO PULLBACK BELOW 2338 BEFORE ANOTHER TEST OF R2!Gold got rejected at R2 level projected and already formed double top which is likely to drive the metal down. A failure of support at S1 to hold gold's price will see metal price dropping below 2338 to test S2. Having said that, gold may encounter early support at 2352; and price is rejected at this level, we might see gold again testing R2. 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
OANDA:XAUUSD
by BullBearMkt
EURUSD Bullish ScenarioAs EURUSD approaches the higher time frame's POI zone, we're likely to see a response in the lower time frame. Two notable liquidity zones stand out on the chart. the trendline liquidity and static liquidity. These areas could serve as targets for future buy setups. Keep in mind that the "weak supply zone" mentioned has been touched several times, hence its label. It's more suitable for short-term reactions in the lower time frame. Join me in a detailed analysis of key zones and movements on the EURUSD chart. Let's uncover potential strategies and discuss market implications together. Your thoughts and insights are highly welcome in the comments Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
Long
by Biaxar
1
CAKE: Repeating Patterns or a Bullish Reversal?CAKE, the native token of the PancakeSwap decentralized exchange (DEX), has a history of forming and breaking trendline support levels, creating a pattern of potential reversals. This pattern raises the question of whether CAKE is poised for another downward move or a long-awaited bullish breakout. Historical Pattern of Trendline Breaks: January 2022: CAKE broke below a trendline support level in a manner resembling a bearish flag pattern, suggesting a potential downtrend. April 2023: CAKE once again broke below a trendline support level, reinforcing the pattern of potential bearish reversals. Current Price Action: CAKE is currently testing a critical support level, forming a pattern similar to the previous trendline breaks. This raises the crucial question: will CAKE follow its historical pattern and break down once more, or will it defy expectations and initiate a bullish reversal? Bullish Reversal Indicators: Despite the bearish trendline breaks, there are indications that CAKE may be poised for a bullish reversal: Accumulation Phase: CAKE has been accumulating within a defined range, suggesting a potential buildup of buying pressure. Positive Sentiment: The PancakeSwap DEX continues to attract users and generate volume, providing a fundamental basis for potential price appreciation. Conclusion: CAKE's price action presents a compelling scenario for both bears and bulls. While the historical pattern of trendline breaks suggests a potential bearish continuation, the accumulation phase and positive fundamentals hint at a possible bullish reversal.
by Yaroslav_Krasko
Solana is SHAVING HAMSTERS 🪒🐹🪒🐹🪒🐹Solana (SOL) is exhibiting a price pattern that mirrors a previous fakeout breakout, suggesting a potential for a strong rebound. In January 2024, SOL experienced a similar pattern where it broke below a trendline support level, only to reverse and rally significantly. This historical pattern suggests that the recent downward move could be a deceptive maneuver, paving the way for a substantial upward surge. Key Points: Previous Fakeout Breakout: On January 23, 2024, SOL broke below its trendline support at around $88, only to reverse course and rally to $200. This price action represented a classic fakeout breakout pattern. Pattern Repetition: The current price action of SOL resembles the January 2024 fakeout breakout pattern. After briefly dipping below the trendline support, SOL is attempting to regain its footing. Potential Rebound: Based on the historical precedent and the repeating pattern, I anticipate a strong rebound for SOL. The initial target for the rebound is the previous trendline support level, with the potential for further upside movement. Supporting Factors: My target - 300$$$$ Overall Market Sentiment: The cryptocurrency market is showing signs of recovery, which could provide a tailwind for SOL's price action. Solana Ecosystem Development: The Solana ecosystem continues to grow and develop, with new projects and initiatives being launched. This positive development could attract more users and investors to SOL.
Long
by Yaroslav_Krasko