Historical
I think I’ve got a big winner here.First of all; when I publish this idea my drawing gets messed up so please look at this image instead of the chart because I’m not redrawing this.
So I’m not an expert but I am obsessed with crypto and watching the charts. Ignore the white unfilled triangle. But I was very right on that idea too.
LOOK AT THIS. THE SIMALARITIES ARE UNBELIEVABLE!
SEE THE PATTERN LEADING UP TO THE SMALL BREAKOUT, THEN THE 4 ONE DAY BARS, THEN THE MASSIVE BREAK.
FOLKS... I THINK WERE GOING TO THE MOON. I’m going all in within the next 48 hours for 6 full days (if I can be brave enough lol)
So why is this chart legit?:
The yellow triangles, the white square 0.00% , the red down trend line and even the green up trend are clones and I did my best to position them without rotation or scaleing. This is nearly the same historical behavior ON THE SAME TIME FRAME (give or take 24 hours).
Disclaimer: I’m a crypto attic NOT A FINANTIAL ADVISOR!
But I do believe, very much, this is about to happen! BITCOIN WAS FORKING LAST TIME THIS HAPPENED AS WELL. THIS IS NEARLY A REPLAY OF WHAT HAPPENED just a little while ago.
ANOTHER ODD connection: FACT. The big drop started on September 12th! This new rise started on October 12th. Bitcoins last fork was August 1st. See the red lines. The blue boxes are roughly 6 days leading up to the bitcoin fork . Price action leading up to this duplicate pattern is similar.
One flaw in this duplicate price action matching bitcoin fork timeline. The bitcoin fork isn’t for 14 days... so we could be ahead of schedule. Set stop at about 50, but it depends on where I buy in the next 48 hours.
What do you all think? Is there something here?
2/08/2017 DOW Analysis"After a seven-session winning streak that included six straight record highs, the Dow Jones Industrial Average broke above the 22,000 level on Wednesday, powered by gains in Apple Inc (AAPL.O) after the largest U.S. company by market capitalization reported earnings." www.reuters.com ,
Bearish Doubling Down For Delta AirlinesOn April 26, 2017, Delta Airlines ( DAL ) crossed below its 150 day moving average (DMA). Historically this has occurred 41 times and the stock drops a minimum of 0.194%. It has a median loss of 6.485 % and maximum loss of 40.441% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 52.8562. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock recently moved up into a more neutral movement state.
The true strength index (TSI) is currently -17.9842. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is moving down.
The positive vortex indicator (VI) is at 1.0188 and the negative is at 0.8566. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving up, but the positive is dropping and negative is rising after today's session.
The stochastic oscillator K value is 71.7501 and D value is 61.2473. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is approaching overbought territory and should cycle down soon.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading down. Based on historical movement compared to current levels and the current position, the stock could drop another 3.82% over the next 15 trading days.
Just two days prior to our current downward DMA cross, Delta crossed over its 150 DMA. When the downward cross occurs a few trading days after an upward cross, the stock always drops. Since the end of the financial crisis in 2009 this has occurred in January 2011, October 2011, December 2011 (3 times), October 2012 (4 times), November 2012, July 2015, and April 2016. The stock dropped 6.369%, 12.993%, 5.483%, 3.879%, 2.317%, 3.535%, 4.814%, 5.100%, 5.572%, 3.560%, 1.261%, and 13.494% respectively. The median drop of these 12 occasions is 4.957%.
Historical Levels in Play to Close Out 2016Hey everyone,
Just wanted share some levels I'm watching as we slowly creep higher. The overall trend looks bullish and a leg up here could be getting close to last stop territory before things open up for a test on the all-time high. We're not parabolic and extended into space from here either. There's plenty of support with very little in comparable resistance in terms of long term technicals.
As we all know and love though, there's a lot of noise in the overall trend. My crystal ball is still on order but these are some nice lines in the sand here to work with. As you cross that 100% it looks like no man's land, days of carnage and blood in the streets - but not much there besides the all-time high. Price action alert on that range.
Could be some room for a pullback yet but there's lots of support all the way down. We're not showing signs of exhaustion to the upside by printing higher highs on lower volume. That's a lack of supply way the hell and up here.
They're buying the bitcoins again, folks! Happy holidays.
PS: I'll post a more detailed short term chart in the thread.
EUR/JPY rebound perhaps by late October/early November.Hi, new here. first time making a graph. Please critique and amend like your life depends on it.
Well from previous data, the EUR/JPY usually hits the support at around the same price level (sometimes lower) and consistently rebounds to the same resistance with similar slopes. So I expect a similar appreciation of the Euro against the Pound.
What do you guys think?
GBPUSD : What's happening & what to expect ?Hey Guys,
You all know I don't use complex elliott waves and have my own rules for doing wave counts & I keep those counts as simple as possible. From last week, most of us are confused whats happening with GBPUSD, even in chat rooms there is heavy discussion on gbpusd. When I opened the Gbpusd, ( Note: I was already annoyed with last week), So I skipped & said to Myself "Ok,next pair ". Before moving to next pair I noticed the wave count and once I did the wave count, it all made sense to Me ( kinda sunshine), ok the chance is here. This is what I feel now.
Wave (v) completes right at the historical low and while I'm typing the price moved below the lows, may be it will retrace back if elliots are to work. So, look for patterns in lower timeframes (15mins) and bullish reversal signals around the GBPUSD low zone and plan your trade carefully. Be really careful while trading bcos it can breakdown or come up along with corrective waves beginning, if later happens, yea that will be awesome...
We have equal amount of chances to be Right or to get wrong !
Important Note : Don't expect immediate reversal or Entries based on small bullish candles in ( 1min,5min,15min) is highly risky, so better avoid that kind of entry's. Wait for proper pattern setup (15mins) or clear bullish reversal on minimum hourly before getting in. No hurry's , capital protection is our Primary Aim !
GBPJPY: BOJ MISS; BOE HIT? MORE SELLING ON THE HORIZONBOJ Miss:
1. BOJ deliver one of the biggest misses in history (vs expectations/ pressure) - only increasing ETF purchases and dollar funding by apprx $60bn annual in total vs 10-20bps of Depo and LSP cuts + 5-20trn in QE increase + ETF increase.
*See attached post for in-depth detail on the BOJ situation and price action history/ Yen strength/ Safe havens*
BOJ Miss Compounded with a BOE Hit:
1. BOE are expected to ease by 25bps and possibly add 50bn to their QE programme on Thursday - a BOJ miss combined with a BOJ hit should cause compounded losses for GBPJPY as there are two drivers - Yen should continue this week to get stronger (as BOJ easing expectations surpass and Yen strength increases) whilst GBP gets weaker as the BOE on Thursday likely takes action, reducing the value of Sterling - with both providing the optimal environment for downside.
- Historically, when BOJ has delivered new policy/ missed GBPJPY has sold off aggressively between 2-8days and 700-1200pips. Now whilst I dont expect the same level of aggression in the near-term as the relative value is much lower now (135 vs 175) so moves lower should be smaller - I do expect that 400pips lower on the day is not the end of the selling rally for GBPJPY.
- Initially at the start of the week i expect GBPJPY to move lower at least another day (satisfying historical moves), perhaps into the 133.5 level which would be 550pips, lower than the smallest sell-off but fair given the relative value changes - not that i would be surprised to see more.
- Later into the week is when I expect the bulk of GBPJPY losses to come (e.g. Thurs/ Fri) - the reason for this is as 1) any Yen downside risk from the MOF releasing upside in the details of their stimulus package would have surpassed e.g. increased stimulus from 28trn-40trn (unlikely) or increased govt spending section - both of which devaluing yen moving gbpjpy potentially higher. Though I think the risks are more skewed to MOF delivering a package that strengthens JPY as it undershoots expectations as several MOF members have mentioned the package being over several years - the more years the less punch the package has (given some expected it (5% of gdp) to be spent in 1yr), equally the less direct govt spending portion of the package will also lessen the depreciative impact on yen (rumoured to be 13trn, if less then Yen could get considerably stronger). As mentioned I see the MOF release to be asymmetrically skewed to expectation downside for these reasons.
2) BOE GBP selling pressure would happen when they cut the rate and adjust their QE programme - this is a highly likely scenario as BOE MPC Minutes in July said "Most members expect to loosen policy in August" and recently the BOE's biggest hawk M. Weale switched stance in light of UK Business PMI/ Optimism prints at 10yr lows saying the BOE needs to act fast/ delaying policy further doesn't make sense.
Trading strategy: Sell GBPJPY @mrkt 133.5TP1 130.5TP2 128.5TP3 - risk averse traders could wait for the 50-60% MOF/ general Vol bounce into 136-38 level before shorting - I would reshort here anyway.
Bet on the support reboundThis trade aims at the short-term rebound from the historical low. Since June 07, short-sellers initiated a selling force to test JD's the 52-week low. The price was driven down,but no volume followed. However, when the price was reaching the 52-week low, there are people collecting the dimes, on June 16. Maybe the short-sellers were covering here. I think it is a good bet on a short-term rebound.
Here is my plan:
1. Stop Loss at 19.
2. Profit taking at 23 or Time Exit in 5 days.
BUY APPLE: 2016 @$117 & 2017 @$151 - HISTORICAL MONTHLY ANALYSISApple shows a strong and consistent monthly trend of each bull-bear cycle lasting approximates 2-3 years.
The first bull cycle yielded between 200% and 700% growth, the second much less at 145% growth, and the third we estimate using regressions to be approximately between 67% and 106% (or 67% for the next bull run to $151 and 105% for the 4th bull run to $181).
Looking at apple from this monthly perspective gives me reassurance that the $134-$89 or 33% pull back we just saw was merely a macro cyclical correction (which was actually less severe than the pullback in 2012) rather than a structural bearish re-trend - assuming we go on to make $150+ highs in 2017.
With this assumption/ thought in mind it actually makes sense to buy apple heavily whilst its at such a discount - after-all apple historically has shown steep price extensions that offer few significant (-10%+) pull backs to buy, thus we should realign our attitude to factor in where apple sits in its cycle.
It is often too easy to get caught up in the daily +/1 $2 moves, you sometimes can forget the bigger picture of making the most of a great stock fundamentally, thats trading at 10x p:e.
A key statistical measure that reaffirms the above is Apple's monthly price action and its 120 month Linear regression line which together returns a Pearson's R Coefficient of 0.95, meaning time and price as plotted on the x and y axis for Apple hold an almost perfect linear relationship (Apples data is 95% about the linear regression line).
This means we can extrapolate the price trends for the bull-bear cycles, by simply extending the x axis (time) along the regression line to estimate future prices, to a decent degree of statistical relevance.
If the Peasron's R Coefficient was 0.1 it would mean monthly prices are only 10% about the regression, thus extrapolation of price through time would LIKELY yield very little correlation to the actual future price, based on past prices.
Look out for my fundamental analysis of apple in the coming weeks
$GBPUSD back to a historical horizontal support.Hi Traders,
Here is the cable monthly chart which with tumble that we are having for the past few months we are not at a historical support level which in my opinion is key. Around 1.3945 has been a area that has been holding the cable since 1986. Keep in mind that we have crossed his level few times but the CLOSE never happened bellow this level in a monthly basis.
However, with the EU referendum vote to come in June the cable will probably get in a range before deciding which way it will go but I think his is a great area for the cable to stabilise and IF UK stays in the EU, we will probably see the cable getting bid across the board.
So keep this trend line in mind and lets see how we close this month.
Good Luck!
Thiago Duarte
@thiagotrader
thiago@duarteinvestmentgroup.com
EURUSD FINAL ACCUMULATION - DETAILED SHORT SETUP to 1,0480Trendlines are coming from 6-8 months past. I really don't expect any price above 1,1060 band (+-20pips) That would be the perfect short point. Double the short if we see 1,1060. I'm not sure how fast we gonna see the 1,0480 band. So i draw them based on historical trendlines.I don't think it would be faster than this. We are at the end of the short trend i believe, so this kind of movement would show the final accumulation phase. Many traders will be selling under 1,0495 thinking it breakdown targeting the 1,02 or more! But again this should be the final accumulation phase on my calculations!
Historical Analysis 2015: Part of a greater cycleIgnoring elliot wave counts indicators and simply going to comparing pictures and seeing if they match up, I've decided to create another chart showing the comparisons between the bubble blow-off periods we have been experiencing for the last 12 months to the one we experienced several years ago.
At the end of the day we would, if we were to mirror this range, spend a considerable portion of 2015 in this low range while the market "bottoms" out and bears wear themselves out.
Like, comment, share, etc! Let me know if I'm full of it or if this is a brilliant piece of artwork.