BTC – Weekly Perspective – 05/19 to 05/26Does BTC really intend to break the previously theorized C&H corrective pattern?
The downtrend line outlined in previous analyzes were being respected. However, I noticed that in recent days prices managed to escape this limbo. Interesting, isn't it?
If the downtrend line breakout is true, a likely destination for prices would be the 85K region, an “upside” of more than 25% if we compare it to the cryptocurrency’s current price (66.7K). But for this to happen, prices must first overcome and remain above 68.5K.
Now, if prices do not remain above this level (68.5K), I, personally, will consider this attempt to take power by the bulls as a beautiful buying “trap”. Therefore, whoever enters above this price range (68.5K) must have a well-adjusted STOP LOSS.
Let's go to the graph
In the long-term bias, the SETUP used still indicates fatigue on the part of prices, therefore, it remains inclined to want to reverse the predominant upward trend, a clear sign of a struggle between buyers and sellers.
See the image below. Prices must necessarily stay above 66.5K on the monthly chart, if they want to maintain their strong upward trend and discard once and for all the pattern that I have been theorizing for some time (C&H).
The red lines are support points.
On the weekly chart, we already have a divergence, as prices are trying to leave the LTB’s traced for good.
From the SETUP used, it appears that long-term buyers (those who entered in January) are making purchases, and this demonstrates why prices are not strong enough to break the 68.5K region (resistance), as these buyers They are maintaining defenses, trying to attract new entrants! See the image below.
The red lines are resistance points.
Coming to the short term, once again SETUP points out that long-term buyers (January 2024) are maintaining prices to attract new entrants and, thus, reach new records (85K).
We even had an upward pivot during this time, which managed to reach the “golden” region, as shown in the image below.
The red lines are resistance points.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
Imagraphist
BTC – Weekly Perspective – 12/05 to 19/05It seems to me that the correction theorized in previous analyzes is occurring. See the image below:
Without further ado, let’s get to the graph.
On a monthly basis, for the first time, the SETUP used is pointing to a corrective pivot. If so, a bear trap region is found at 51.8K, meaning if prices don't break out of this range, it won't fall much! The support points are: 53.5 and 51.8K at the moment.
On a weekly basis, as I have been saying for a long time, we are within a corrective bearish pivot. Support point at 59.8K (which has worked so far) and 52.8K, with the loss of the 59.8K region. See the image below.
As incredible as it may seem, the daily chart is completely repeating what SETUP points out on the weekly chart, corrections.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
BTC – Weekly Perspective – 04/21 to 04/28BTC continues its saga. I believe this is a corrective saga. Being corrective, I believe that the end to this saga is the attempt to have a beautiful bullish rally soon. The FED could help with this "rally". What a thing, right?
Monthly bias there is no change in strength, therefore the SETUP used still points to the bulls in the direction of this chart time.
On the weekly basis, as I have been saying for some time, we are within a corrective bearish pivot. In principle, everything was normal.
When faced with the daily bias, we have the situation in the image below, a bullish pivot, but with an arduous mission, to overcome the 68.4K region to continue with its upward trend without forming the C&H pattern. If you are unable to overcome this region, the correction may take place as shown in the image below.
I would like to share a thought of mine with you: "Things should be measured in the long term, but never forget that they start in the short term!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below
Where does the danger live?My God. If the SETUP used is correct, technology companies will melt the SPX index.
I won't even write a text explaining why, because no one likes reading.
I will post the bearish pivot combined with a buy trap. What a thing, right?
Supports: 4933 for the moment. Medium-term secondary support (15/20 days): 4742.
I'd better keep quiet. Because things always turn out the opposite of what the graphs show. However, they will never stop occurring at a given future moment. 30 days. Lol
Medium-term bearish pivot.
All short-term bearish pivot targets have been caught. And in this time frame there are no signs of a change in the corrective direction, therefore, the medium and long-term target presented above is the most sensible for the moment.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphic analyzes below!
Will it fall more?From the graph we have a great possibility. If prices do not overcome the 17.05 region we can see prices seeking first the long average (white line) and then the 15.09 and 14.83 bands (support).
For this to happen, prices must drop below 15.95, as shown below.
Resistances: 16.79 and 17.05.
Supports: 15.09 and 14.83.
The value of 14.83 is a possible target with the loss of the 15.94 region.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
I will only say a single word: Gold!I will only say a single word: Gold. Yes, just gold. Do not forget; "Madness only comes to those who think the most"
Gold is at its highest high in history. We know that the metal in question is considered a protective reserve for our fiat currencies. But what explains this sudden rise?
Is this increase linked to the "wars" that are taking place around the world, which directly affects the economies of countries considered developed, spilling over directly to the rest of the world, the so-called emerging countries, causing "investors to stay away from investments" and keep your rich money in American bonds that are paying attractive rates?
However, something else comes to mind. But if American debt also increases at the same speed as gold, is it really wise to put our money in bonds (of any country) that are directly linked to fiat currencies and not in the precious metal?
We have many questions that must be weighed in order to truly make a decision.
I feel like we're at a moment that I can call more or less like this: "If we run, the animal will catch us, if we stay, the animal will eat."
People want to find a way out, unfortunately there is no way out, there are only paths that we must choose to prepare ourselves for any eventuality that may happen in the future!
According to the previous analysis and graphically speaking, gold is in a region of resistance as indicated by the SETUP used. This unknown region (resistance) in 2422 is imposing a less appetizing pace for the metal, setting precedents for us to have a correction until 2210.
But it is clear that if the SETUP used is correct, where today we have resistance at 2422 (exact place where prices are respecting), and there is such a correction at 2410, this leads me to think only of a pattern called "pull back " bullish continuation. What a thing, right?
I make it clear in the image below; prices fully respected the upward channel suggested by SETUP, therefore, I trust the chart pattern more than the current market. And as I always say, and I've said it for a long time thanks to years of observation: "THE SETUPS DON'T LIE, BUT THE MARKET YES-or- DOES!".
Check out all my previous analyzes on gold by clicking here, and see if the SETUP'S lie!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
How strange the world is!!I've been hitting the following key on the computer for a while now; "Is the world better?"
Has Quantitative Easing (QE) provided globally by central banks around the world finally dried up?
If the answers are yes to all of them, just answer this naive question that I will ask next; Why is gold surpassing its all-time highs? I just need this answer, right!?
It's been a while since I've seen the possibility of forming an H&S graphic pattern, and at the moment it seems to me that it has been formed, and now, all that's left to do is take hold and capture all the possible values of the FIB plotted in the image below.
Observation. The red lines are resistance points. If he is defeated, the white line, and consequently the yellow lines, will be his targets.
Coming to the short term, we have this upward channel emerging and being very well respected by prices. What a thing, right?
But when I go to the medium-term chart time, it seems to me that prices are trying to make a correction up to the 2K band to know which way prices should go, but all this is driven by our beloved SPX, which given the FED doesn't By reducing interest rates, the bulls are just on the lookout for the bears, to see if it is the right time to leave the lake and return at another time to drink water.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
BTC – Weekly Perspective – 03/24 to 03/31We are already in the last week of March, and it seems to me that the corrective process outlined in the previous analysis is about to happen.
We are seeing prices losing strength and opening up margins for corrective drops.
As I always mention in my analyses, the long-term chart does not indicate a change in direction, so the increase is still strong for this "time frame".
When we reach the medium term, the SETUP used indicates that very short-term longs are slowly exiting their positions, and I realize that the 59.4K region is the point where they still tolerate remaining long in crypto, therefore, the loss This range will make these "adventurers" leave their positions and look for new purchases at lower levels, such as the 51.9K region.
When looking at the short term, we are working within a corrective bearish pivot, and its strength at the moment is to reach the 59.5K region, where I call the GOLDEN TRIPLE OF SETUP. See the image below.
Observation. The red lines are support points. The loss of it will cause prices to seek the white line and, consequently, the yellow lines.
If prices reach the 59.4K region and fail to overcome the 62.5K region, this could be characterized as a rebound, and prices will tend to correct up to the value of 51.9K as shown on the weekly chart.
Open your eyes!. Therefore, it is time to pay extra attention.
Click here and see other graphical analysis on gold!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
BTC – Weekly Perspective – 03/03 to 10/03BTC – Weekly Perspective – 03/03 to 10/03
We can say that BTC reached the expected region at 65K, as shown in the previous analysis. I know that this final climb to 65K did not come with the excitement I expected, which would be prices making a correction to the 40K range to continue their climb.
For now, with the objective achieved, the question remains: Where will prices go?
Will we have a 50% correction (up to 40K/42K) of the rise that started at 15.4K in the distant month of November 2022? If the answer is yes, we may have the formation of C&H, a typical strength pattern for any type of asset. What a thing, right?
For the month of March, due to the force imposed by the bulls on the bears, it may be easier for prices to reach the final top region at 69K.
Due to the steeper climb, the "tip" I give is the following; Whoever bought, maintain your position; If you didn't buy it, don't buy it again, simply wait for a correction; but, if you are persistent, and want to buy at any cost, prepare a stop of at least 40% (Lol), as crypto has reached a region of strong struggle in the long term.
The C&H standard is incredible.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below
Where will we go?Are we in a trap region? The month is ending, but the problems are just beginning!
Based on the latest analysis, we may indeed be in a trap region. And its long-term objective was achieved in full (1,618 FIB).
And gold has not yet lost its 2K level. What a thing, right? If everything is fine, why isn't our "rich" fiat's store of value giving way?
I just think that we should keep our eyes open, because things are going too easy, and my motto for a safe victory is: "There is no such thing as a free lunch, if you ate it, someone will have to pay the bill."
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
BTC – Weekly Perspective – 02/25 to 03/03As reported in a previous analysis, the crypto finally managed to overcome and remain above an important resistance band, 44.9K. A beautiful victory for the bulls and, with that, the path seems to be clear for prices to seek the historical top region at 65K and, consequently, scare away once and for all the ABC corrective pattern of ELLIOTT's final sequence. (12345ABC).
Based on this premise, don't be surprised if there is a drop to the 40K range, as a drop like that is within the corrective script for any steeper climb. If this corrective process takes place, we can think of new levels of increase in the following values: 55.4K and finally, 65K.
And now, is it possible to dream of this bullish pattern for crypto? This pattern usually happens at high times, demonstrating that the asset in question is the hot ticket. If this bullish pattern holds true, it will closely resemble the pattern of the true protective asset. Click here and find out what this protective asset is. Below is an image of the possible pattern that could emerge, as well as the upward pivot on the weekly chart.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
5050 - Objective achievedConsidering the projection outlined for the future SPX in a previous analysis, I realize that the target pointed out by SETUP on the long-term chart has been reached.
Therefore, I think we have nowhere else to go up without at least having a small correction towards the 4685 region if I only consider the graphical analysis. See the image below.
Despite "reaching" the target, SETUP still shows that the index has a small strength to surpass this mark and reach the 5058 region, which can be seen as a buying trap for the most unsuspecting trader.
Coming to the short-term chart, the SETUP used indicates that we are in an extremely overbought region, therefore, it shows that the index is losing strength and that it really needs to make a correction. See below.
Do your analysis and it's good business.
Be aware, if you buy, use stop loss!
See other graphical analyzes below.
BTC - Weekly Perspective - 02/11 to 02/18As stated in previous analyses, the long-term chart showed an upward pivot, in which the 44.96K region was an important resistance point to be overcome in this chart time.
Anyway, this value was left behind, and the crypto needs to reach the 51.4K region and remain above 44.9K throughout this month to remain in a consolidated upward trend and seek the top region at 65.1K. See the image below
If this does not happen, we can characterize this breakout of strong resistance as just a beautiful buying "TRAP" and have the following situation. See the image below.
On the short-term chart we have a pattern that could help the crypto reach the level of 51.4k.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes belo
BTC - Weekly Perspective - 02/04 to 02/11We start another month with the cryptocurrency resisting staying above the 40K range as well as failing to overcome strong resistance that has lasted for a long time, the 44.9K region as found in a previous analysis.
$ Let's go graphic $
The monthly bias is still upward. Current resistance: 44.9K
Going to the weekly bias there are possibilities of bullish formation. Current resistance: 43.8K
Coming to the daily bias, we also have resistance in the 43.8K region, as mentioned in a previous analysis.
Now look at the image of the BTC hourly chart. Do we have a time zone here? Lol
Do your analysis and good business.
Be Aware, If Buy, US=se Stop Loss.
See other BTC analyzes below.
Could we be on the verge of collapse?Stock markets around the world in unbridled euphoria. QE (quantitative easing) was widespread, therefore, austerity via interest rates was also injected. But the question remains: Will this really stop a possible downward swing? For several leading indicators indicate otherwise. Mathematical models indicate that we are at the height of a large and certain widespread crisis.
Let's see what the chart of our beloved fiat currency protector is trying to show us.
We have the image below. If this graphic pattern occurs, from the current point to the projection of its height we will have an increase of more than 20%. If there is a rise of this magnitude in gold, tell me one thing; How will stock markets be around the world?
You know what makes me scared? It's seeing this long-term upward projection that SETUP is showing me. It began in 2018, at the height of American economic growth, which was growing at very modest rates compared to previous years. And do you know where the end of the cycle of this mega rise is? The 2473 region, very close to the bullish projection region in the figure above (C&H). What a thing, right?
In the diary we can have corrections up to the 1945 range. But don't forget; “Things must be measured in the long term.”
GOLD here!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analysis below.
5050 is the next point stop?I prefer to ignore reality and focus only on what the graph will show me, because every new week we have good news regarding the American economy, but the good news will have to come to an end at some point, as there is a saying that goes like this; "There is no such thing as a free lunch. If you didn't pay for it, someone else will have to."
In the long term we are still in a strong upward pivot, and amazingly, it could reach the gold region at 5050. What a great thing, right?
Note: The red lines are resistances. If defeated, they project highs up to the yellow lines (targets).
On the medium-term chart, the trend is strong, but the SETUP used is indicating that the bulls are losing strength, therefore, we may not reach the golden target at 5113, remaining only at the long-term golden target reported above (5050).
Note: The red lines are resistances. If defeated, they project highs up to the yellow lines (targets).
On the hourly chart, we have the following: the loss of the 4909 range projects the falls reported in the chart below. The salvation for this correction would be for bulls to act quickly and force prices above the safety level at 4922.
Note: The red lines are support points. Loss of it leads prices to seek the yellow lines (targets)
Click here and see the latest BTC analysis
In conclusion we have:
a) Prices are at an all-time high, a beautiful achievement, but the bulls need to continue their rises and look for the golden target on the long-term chart in the region of 5050. If this does not happen, we could have strong corrections up to the level of 4459.
b) The 4960 region is a resistance that needs to be overcome this week for the long-term uptrend to materialize. So, pay attention to this track as this week begins.
c) Prices working below the 4909 range the best thing to do is stay out, or, if you are brave, working on the short end is the best alternative, but remember. This is a region with strong fights between bulls and bears, so traps will be constant.
SPX here!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
BTC - Weekly Perspective - 01/28 to 02/04Crypto has been fighting hard to stay above the 40K level, demonstrating that the bulls have a slight advantage over the bears in terms of strength, however, the bears have a great trick up their sleeve; strong resistance in the 44.9K region plays in its favor.
Let's go graph
In the long term, things haven't changed yet, and we are on an upward trend.
Note: The red lines are resistance, if they are overcome, the yellow lines will be the targets of the red lines.
Going into the medium term, we have the 40K region being defended by the bulls. Losing this range could take prices to the values shown in the image below. See that we are trying to form a downward pivot if prices lose the 41.4K region, and the bulls tried to defend the region
Note: Note: The red lines are supports, if they are defeated, the yellow lines will be the targets of the red lines.
In the short term, prices are working within a downward pivot. I emphasize that this pivot refers to the correction that prices are suffering after the beautiful rise we had in recent weeks, in which it left 30K and sought the resistance region at 44.9K. For the moment, 43.8K could be a resistance, where, if not overcome, it could form a short-term LTB.
Note: Note: The red lines are supports, if they are defeated, the yellow lines will be the targets of the red lines.
In conclusion we have
a) The 44.9K region is strong resistance on the monthly chart;
b) On the weekly chart, bulls are defending the 40K region, and the loss of this range opens space for sharper falls;
c) On the daily chart we have an attempt to react from the longs, who are defending the 40K region but, just above, at 43.8K we will have resistance in this chart time that will need to be overcome for the long-term trend to remain strong.
BTC here!
-Do your analysis and good business.
Be aware, if you buy, use stop loss.
-See other graphical analyzes below.
We need to beat the 44.9K region.December is the last month of the year for BTC (Lol). Perhaps this month will provide us with the information we need to know where crypto should go next.
The bullish pivot reported in the previous analysis is still valid as well as its targets.
But remember: The red lines are resistance points that prices need to overcome to reach the yellow lines (targets).
The region that bulls need to overcome is 44.9K to break the ABC pattern once and for all. Yes, this fact is true, and don't even try to cover the sun with a sieve, right?
Below I leave an image of the upward pivot of the long-term chart, however, in the short-term view.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
The ideal is to have a double top!If we want to see the index rising like a rocket, I think it's better to have a double top as soon as possible. Preferably in 2023. Yes, that's right, we have to form a double top if we want to escape something worse.
Think about it with me: apparently the US is willing to control inflation, whatever the cost. Proof of this is seeing the FED not relaxing interest rates.
Another factor that we can mention is that the employment rate is at full steam, coming above market consensus with each new release, a clear sign of a strong economy. Maybe via (QE), but still, strong.
If we use these two miserable items as arguments, and see the FED keep its word to contain inflation (austerity via interest rates), we believe that we will have interest rates above 5% per year for a good period in 2024.
Based on these goals, I believe that by the beginning of the third quarter the boldness to control the infinite Quantitative Easing (QE) will really have its practical effects on the economy, thus allowing us to have the interest cuts expected from this period onwards.
In the last analysis I even mentioned that we may be experiencing the formation of a C&H, but I thought about it, I would rather experience a double top at 4808. Believe me, having a double top will be better. Lol.
Below I leave the image of the first bullish pivot formed after the post-pandemic (QE) Rally in November 2022. At the current moment it is reaching 100% of the FIB projection. It has the strength to reach the 4824 region, which according to the SETUP that I use is a region of resistance, and consequently, the double top region that I mention in this text. What a thing, right?
For this week things still need to be discharged. We have prices working within a high medium-term pivot. This could corroborate the thesis that we will have a double top in 2023, after all, the golden region of this medium-term pivot is at 4827. Maybe we will have a wick in the last weekly candle of 2023. Haha.
Below I leave a view of the short-term charts. We are so close to reaching the all-time high again. There is only a measly 3.6% increase left. Is it too much to ask for sardines and institutions to help this happen by doing some shopping at Famangs?
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
Let's catch up.BTC on the long-term chart is in a bullish pivot. See the image below.
The red lines are the resistance points that the crypto needs to overcome to reach the yellow lines (Targets).
On the medium-term chart, prices are also in an upward pivot. See image below.
Remember if. The red lines are resistance points.
In the short term I see a rise in drift. What a thing, right?
The bulls had better start acting, and push prices hard above 44.9K.
At the moment, the limiter is the 42K region. We had an accumulation that projects highs up to the mentioned range (42K).
Below is an updated graphic image of the 12345ABC Elliott pattern! Don't get stuck in the past!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
Should we look to the future, present or past? Paradox!A thought from me to you: "Maybe madness only comes to the people who think the most!"
For those who like to think outside the box, I personally think that the future dictates "our present".
Yes, because the future we desire will dictate what we must do in the present, so that our future can come to fruition. What a thing, right?
Looking for a soft landing?
It seems to me that we are experiencing a soft landing, the soft landing theorized by many. I'll just say that December will be the month that defines the direction for the SPX index, and I hope that companies and governments will show us the direction we should follow in 2024.
Who can save the savings?
We cannot forget that SPX is the most important index in the world. We also cannot forget that China is "one of the little engines" alongside the USA that consumes a large part of the raw materials produced in the world, so if that little engine were to fail for a single quarter, it would be enough for us to review all our plans for 2024. What does the present hold for us?
Below I show you a downtrend line that is about to be broken.
Let me show you my newest madness, after all, madness only comes to those who think the most. Or maybe the market is crazy and could actually form this pattern.
Honestly, I don't know what else to study, because every day is something different (QE).
Below I leave another image, the image of the first long-term upward pivot formed after the health crisis. Can we draw any conclusions?
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below.
The Life is easy! We are the ones who make everything difficultCan anyone explain this aberration to me? Are we finally through the worst? That things will be right and that we will live our peaceful lives, drinking our champagne to celebrate our victory? Will it be that simple?
Is this the powerful boss of the last phase of this difficult game that is the world economy? What a more interesting thing, isn’t it! I think I'm worrying unnecessarily!? Let's celebrate, but I'm going to do it from inside my bunker! Lol!
See other analyzes about SPX
Never forget. A past event links us to a future event.
Do your analysis and good business.
Be aware, if you buy, use stop loss!
See other graphic analyzes below!
Victory for the Bull!!! Shall we go to another round?The fight between bulls and bears theorized in past analyzes is becoming increasingly interesting. For now, the bulls have managed to scare away the bears from the shorter timeframes. A good victory. Shall we go to the next round?
And today I decided to go back in time and show you a past analysis.
I brought this analysis to the present for a very simple reason. The lines don't lie. If you want to find points of support or resistance, just put your mind into action and make some projections, and voilà, the projections outlined are being fulfilled and the lines drawn in this analysis are currently serving as resistance. What a thing, right? See the image below.
If so, (a resistance), we can see prices testing a lower region, more precisely the 28.2K house. But this correction will only happen if prices do not stay above the 35.2K region. I believe the bulls are tired, but that is nothing to worry about at the moment. See image below!
What is worrying for now is the monthly chart, suggesting that prices are in a region of strong resistance, at 34.8K. Despite this strong resistance, we can have good news and it will be; if resistance (34.8K) is overcome, we can see prices seeking higher levels, such as the 37K region in the first stage. The second target will be at 44.9K (dream). See image below.
As mentioned above, we have a set of factors (projections) and they are:
a) Fall: We will have corrections if prices do not stay above 35.2K. Projected correction up to 28.2K range
b) Go up: Overcoming the resistance found on the monthly chart, prices could reach the long-awaited 44.9K. First target is 37K.
Oh, I was already forgetting. The ABC Pattern has not yet been discarded, after all, we need more strength from the bulls for this to happen.
Click here, because it's worth reading this graphic analysis!
Do your analysis and good business.
Be aware, if you buy, use stop loss!
See other graphical analyzes below.