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The Bitcoin Peak: When Will the Cycle End?Been a while since I published a TA. I’ve been digging deep trying to decipher when the cycle top will come in for Bitcoin. Some say it’s an impossible feat. Well, let’s give it a go. There are two major dates and one minor date for a possible cycle top: May 2025 **Volume Flow**: 1157 Days **From June Bottom**: 1064 days **ETH clear bottom**: June 2022 **Bar Pattern Fractal**: From 2015 bottom **221k Price Target**: Target crosses with the model in May. September 2025 **From November Bottom**: 1064 days **Major Macro Time Fibonacci** **Chainlink Fractal** **Chainlink Time Fib** March 2025 **Small Time Fibonacci** **Bull Flag End** **Average % move and time since 2019** As you can see, there is a lot of evidence to unpack here, so it’s going to be a long one. Let’s start with the first date: May 2025. --- May 2025 Volume Flow on Heikin Candles on the Monthly shows that from the Bearish cross to the cycle top is 1126 days, which ends up being May. Every cycle, Bitcoin has always put in a double bottom to mark its cycle low. As you can see, in 2022 we had two major crashes, and even though it’s not 100% clear here, we got a double bottom. The amazing thing about the first bottom in June 2022 is that it mirrored the first bottom of the cycle low of 2015. That fractal was a mirror, showing the importance of this first low in Bitcoin in June 2022. If we overlay the 2015 fractal, we get the top coming in May. For anyone who doesn’t know, the last two cycles, Bitcoin has taken 1064 days from Cycle Low to Cycle Top. 1064 days from the June 2022 low is May. ETH has a much clearer bottom than Bitcoin this cycle. It also took 1064 days, which puts it in May. So you can see, there is a lot of evidence pointing towards a May 2025 Cycle Top for Bitcoin. --- September/October 2025 1064 days from the second bottom in November 2022 would be October 2025. For years, I have been using this Major Macro Time Fibonacci sequence that shows me important moments in Bitcoin’s cycles. The last pointed to a move down to 48k in August 2023, which is hard to see on the 2Week chart. As you can see, it comes close to pinpointing moves, so the next date is the end of September 2025, which lines up with the 1064 days from November 2022. I have been following this Chainlink fractal for more than a year. We traded LINK using this fractal back in October 2023. You can check my TAs from that period. The fractal is still valid and tops in September 2025. Chainlink Fibonacci Time Sequence has been hitting home runs time and time again, from pinpointing the top all the way down to the bottom. The next date is late August 2025, very close to September 2025. --- March 2025 This date has far less weight for a cycle top but could be part of a major local top and correction. A small Time Fibonacci sequence taken from this level shows that March 31st is the next date, and the one after that is late August 2025, the same as the Chainlink fractal. 240% over 162 days is the average that Bitcoin moves up since 2019. If we just overlay the average, we get 127k by mid-February 2025. A mirror move from October 2023 to March 2024 puts us in March 2025. --- Elliott Wave Section I’m not an expert in this field but will throw in some takes. Could we possibly be in Wave 4 out of 5? Or could we be finishing Wave 3 right now and in for the first large correction of this bull market? The fact is, the last time we hit this band on this model was January 2021. After that, there was a 31% correction lasting 31 days. Sometimes 5 waves are very clear. Take GOLD, for example: there is a clear 5-wave pattern at max Fibonacci extension. This is a massive macro sell signal, in my opinion. Crazy how GOLD hit this level on Wave 5 as Bitcoin breaks 100k. --- ### **Price Targets If we take the first cycle and overlay to 2015 cycle, it gave us the cycle top in 2021. If we do the same for this cycle and overlay the 2015 cycle, we get a price target of 221k, which puts it at the top of my model in May 2025. Just discovered this—that’s one more point for May 2025. As you can see, in the last two cycles it worked. Will it work this time? Who knows. --- Pi Cycle Indicator If we just run a rough projection on when the next cross will be, it crosses in April 2025, very close to May. Keep in mind this is a very rough idea of when it could cross. --- Conclusion We have 5 points in favor of May 2025, 4 points in favor of September 2025, and 2 points for March 2025. As always, the path is never clear for Bitcoin. Until we get much further down the road, I won’t conclusively know which date it will be. This model I have been using has been so accurate thus far. We are so high up the last bands that we are most likely going to get some sort of long consolidation period with a correction soon, which would give the altcoin market a run.
BNC:BLXLong
by Sporia
8
Indo Count Industries: Stitching Together a Sustainable Future◉ Abstract Indo Count Industries Ltd., a leading Indian home textile manufacturer, has reported significant growth, with FY24 revenue reaching ₹3,557 crore, an 18% increase year-over-year. Despite supply chain challenges and a decline in sales volume, the company remains optimistic about future growth, driven by strong demand and strategic initiatives. The company’s focus on sustainability and strategic acquisitions has further strengthened its position. Currently trading at a P/E ratio of 20.3, below the industry average, Indo Count appears fairly valued. Increasing institutional interest indicates growing confidence in the company’s long-term potential. As Indo Count continues to prioritize operational efficiency and market expansion, its future growth prospects remain promising. Read full analysis here......... ◉ Introduction The US bed and bath linen market is projected to experience significant growth in the coming years. As of 2024, the market size is estimated at approximately $10.73 billion, with expectations to reach $13.14 billion by 2029, reflecting a compound annual growth rate (CAGR) of 4.14% during this period. This growth is driven by several factors, including: 1.Increased Homeownership: Rising homeownership rates are boosting demand for essential bed and bath linens like sheets and towels. 2.Consumer Spending: Higher disposable incomes are leading to increased spending on home furnishings, including premium and luxury linen products. 3.Sustainability Trends: There is a growing consumer preference for eco-friendly and sustainable products, influencing purchasing decisions in the bed and bath linen segment. The market is characterized by a low concentration of major players, indicating a competitive landscape with numerous brands catering to various consumer preferences. ◉ Major Players in the Industry Several key players dominate the US bed and bath linen market: 1.Indo Count Industries Ltd.: As the largest manufacturer of home textile bed linens globally, Indo Count is a significant player in the US market, known for its extensive product range and commitment to sustainability. 2.Brooklinen: This brand offers modern and luxurious bedding products, appealing to consumers seeking comfort and style. 3.Peacock Alley: Known for its premium quality and craftsmanship, Peacock Alley focuses on high-end bed and bath linens. 4.Crane & Canopy: This company provides stylish yet affordable options for a wide range of consumers. 5.Tempur Sealy International, Inc.: A leading player in the bedding industry, known for its innovative mattress solutions that complement bed linen offerings. 6.American Textile Company: Offers a variety of bedding products with a focus on quality and comfort. Today, we'll take an in-depth look at Indo count Industries, a prominent player in the US bed linen manufacturing sector, exploring its market positioning and competitive dynamics. This detailed report undertakes a thorough evaluation of ICIL's technical capabilities and core business fundamentals. ◉ Company Overview Indo Count Industries Limited NSE:ICIL , established in 1988, is a leading Indian home textile manufacturer. The company offers a diverse range of products, including bed sheets, fashion bedding, utility bedding, and institutional bedding. With showrooms in the UK and US, Indo Count sells its products under 17 distinct brands through multi-brand outlets, large format stores, and e-commerce platforms. Headquartered in Mumbai, India, the company exports its products globally. ◉ Market Capitalization - ₹ 6,288 Cr. ◉ Revenue Breakup (Location Wise) ➖ With a staggering 97.5% of its revenue generated from the US and UK markets, Indo Count Industries Limited has established itself as a prominent global player in the home textile industry. ➖ The remaining 2.5% of its revenue comes from domestic Indian sales. ◉ Challenges and Headwinds: ➖ Sales volume and revenue decline YoY due to supply chain issues, leading to higher inventory. ➖ Anticipated clearance of 2.5 million meters of deferred shipments in upcoming quarters. ➖ Revised EBITDA margin guidance: 15-16% due to upfront HR and brand promotion costs ◉ Margin Guidance and Future Outlook: ➖ Despite near-term challenges, Indo Count Industries Limited's management remains upbeat, fueled by a strong demand outlook and solid market positioning. ➖ Strategic investments in branded segments are expected to yield returns within the next four years, driving improved margin guidance. ➖ To further propel growth, the company is focused on enhancing operational efficiencies and scaling up operations in high-potential segments. ◉ CAPEX ➖ Indo Count Industries Limited has revised its FY25 capital expenditure (CAPEX) upwards to ₹413 crores, a significant increase from the initial estimate of ₹165 crores, driven by strategic acquisitions and investments. ◉ Strategic Acquisitions ➖ Recent acquisitions of Fluvitex Inc. and Modern Home Textiles, enhancing U.S. manufacturing footprint. ➖ Acquisitions strengthen presence in critical U.S. regions, expanding customer base without overlapping existing clientele. ◉ Technical Aspects ➖ Over a prolonged consolidation phase, the stock price developed a Cup & Handle pattern. ➖ Following a breakout, the stock surged sharply, hitting an all-time high near the 448 level. ➖ Nevertheless, it faced significant resistance and retraced to the previously established breakout level. ➖ Currently, the price is at a crucial point that could act as an important support zone. ➖ There is strong anticipation that the stock may rebound from this level and begin to rise again. ◉ Relative Strength The chart reveals that Indo Count Industries Limited (ICIL) has lagged behind the Nifty Small Cap Index over the past year, generating a 12.7% return compared to the index's impressive 26.3%. ◉ Revenue & Profit Analysis ● Yearly ➖ Indo Count Industries Limited reported strong growth in Fiscal Year 2024, with revenue reaching ₹3,557 crore, an 18% increase from ₹3,012 crore in FY23. ➖ EBITDA surged to ₹562 crore, up from ₹455 crore, while the EBITDA margin improved to 16% from 15%. ● Quarterly ➖ In the quarter ending September, the company's revenue rose to ₹1,036 crore, a 10% increase from ₹941 crore in the previous quarter, slightly higher than ₹1,009 crore in the same quarter last year. ➖ EBITDA for the quarter increased to ₹157 crore, up from ₹145 crore in the previous quarter. ➖ However, diluted EPS (LTM) declined to ₹15.62 in September from ₹17.27 in June 2024. ◉ Valuation ● P/E Ratio ➖ The company's present price-to-earnings (PE) ratio stands at 20.3, lower than its 1-year median PE of 21.4. ➖ When we look at the industry average PE of 26, it indicates that the stock might be considered somewhat undervalued at this time. ● P/B Ratio ➖ ICIL's P/B ratio of 2.86 indicates considerable overvaluation compared to the industry average of 1.46. ● PEG Ratio ➖ A PEG ratio of 0.49 suggests that the stock is undervalued relative to its expected earnings growth. ● Intrinsic Value ➖ Indo Count Industries is currently trading at ₹307, which is nearly 1.1 times its intrinsic value of ₹279, indicating that the stock is fairly valued at this moment. ◉ Cash Flow Analysis ➖ The operating cash flow for Indo Count Industries Limited experienced a notable decline from ₹755 crore in FY23 to ₹146 crore in FY24. This decrease can be attributed to the strategic allocation of capital towards acquiring prominent brands, such as Wamsutta, as part of the company's expansion and growth initiatives. ◉ Debt Analysis ➖ ICIL's debt of ₹1,461 crore and debt-to-equity ratio of 0.66 indicate robust financial health. Furthermore, its impressive interest coverage ratio of 5.74 suggests the company is well-positioned to manage its debt obligations, ensuring greater financial flexibility and stability. ◉ Top Shareholders ➖ The promoters have maintained their 58.74% stake for the last two years. ➖ Foreign Institutional Investors (FIIs) have maintained their stakes since June, now holding 10.69%. ➖ Domestic Institutional Investors (DIIs) have continuously increasing their stakes from June 2023 and now holding 3.67%, significantly up from 2.16% from the June quarter. ➖ At the same time, retail investors have been consistently selling their shares over the past few quarters. **Additionally, Mukul Mahabir Agarwal , a veteran investor, places a strategic bet on Indo Count Industries Limited, acquiring 1.17% of the company's shares, a move poised to reap rewards. ◉ Mutual Fund Exposure ➖ Indo Count Industries Limited witnessed increased institutional interest in October 2024, with thirteen funds holding 70 lakh shares, representing a 9.3% rise from September's 64.1 lakh. ◉ Conclusion Based on our analysis of key technical and financial metrics, Indo Count Industries Limited's strategic focus on diversification, acquisitions, and premium products positions the company for sustained growth and long-term value creation. We anticipate that this positive trajectory will be reflected in its stock price performance.
NSE:ICILLong
by GoodluckCapital
2
Bitcoin - Time to buy again!I was just waiting for the elections to be over. Now, it can be said that Bitcoin can reach $100,000 next year, and I believe in this. Technically, the price managed to break the megaphone, and this is confirmed when two or three candles close above this resistance. If this happens, you know better than I do what will happen next !!! Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! BINANCE:BTCUSDT
Long
by CobraVanguard
4
Bitcoin - Time to buy again!Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle. If the triangle breaks, we expect a new ATH to occur, but in new year. Recently analysis (Daily) And (weekly) ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
1
Mirroring KDA: Why CULT DAO Could Skyrocket 100xToday I will present my thesis on how it is possible for CULT to move over x100 from its current price. This all started by mistaking the KDA chart for a CULT chart. What you see above is very interesting; CULT has mirrored KDA in pretty much every way. So the thesis is the following: If CULT is mirroring KDA and KDA is mirroring its first cycle, then that means CULT, in theory, could move x100 from where we are right now. The first wave of KDA took nearly the same amount of time: 168 days compared to 147 days. I believe right now we just completed the second wave. It took KDA 140 days to bottom in the last cycle. So far, it's been 140 days, and it seems to have a very high chance of being a major bottom. So again, the same amount of time, most likely. The top of the 4.236 Fib extension would technically take CULT to $0.00026607 (143.82x), which would be around a 1.3 billion dollar market cap. Bitcoin cycles take 1064 days to complete. If the cycle repeats, that means we either have a top in May 2025 or September 2025, depending on what you mark as a cycle low. Which again, May 2025 fits with this fractal perfectly, and when you overlay the KDA fractal onto the CULT chart, what you see is something pretty amazing. A rally till the end of the year with an 80% correction down to this very strong confluence point in late February/March 2025. With the final run being from March 2025 to May 2025. Another interesting chart I'm looking at is CULT/VIX. You can see that the February 2023 and March 2024 highs hit the same point in this chart. Taking a look at this chart, we can also see a pattern emerge that showed us the start of the altcoin run. (Crypto Total Market Cap Excluding Top 10 Dominance, %) **Conclusion** If this thesis proves correct, I've just handed you a 100x opportunity, published months in advance—a historical record of what might seem impossible but could soon become reality. Just like predicting this huge crash before it happened.
CRYPTO:CULTUSDLong
by Sporia
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual. The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not. 71% 71% 62% 44% These are all the corrections Chainlink had during its last cycle to its all-time high. All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle. If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy. I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance. Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top! **Next date: 18th Nov 2024**
COINBASE:LINKUSDLong
by Sporia
12
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual. The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not. 71% 71% 62% 44% These are all the corrections Chainlink had during its last cycle to its all-time high. All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle. If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy. I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance. Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top! **Next date: 18th Nov 2024**
COINBASE:LINKUSDLong
by Sporia
Black Swan Incoming (Part 1)This is the start of a series I will be publishing for the rest of the year. I will focus 100% on trying to do the impossible and predict a narrow timeframe of a potential black swan event. **The series will end and this theory will be invalidated if we break and close a weekly above the previous weekly high at 75k.** **Fear and Greed Index (alternative.me)** As you can see, we only have data from 2018. Nevertheless, we have data on the last bull market and rallies since then. As we can see, the index will print lower highs before rallies and bull markets. **What we have now is a break of a multi-year uptrend on the index and currently putting in a lower low, which is not a good sign at all.** **2Week MACD BEARISH CROSS** The MACD has crossed bearish on the 2W timeframe five times. One out of the five times, it was a false signal, and that was the crash in May 2021 down to 30k. The rest of the time, when this signal fires off, Bitcoin from that candle close on average moves down 63%. TOPPING DISTRIBUTION FRACTAL APPEARS I have covered this fractal many times on my channel; you can probably find more than ten publications just on this fractal. Why are we seeing a double-top distribution fractal again play out at the top of rallies? How many times are they going to use it? These three occasions, you can see they all happened with very similar timing from peak to peak and the first wave down. Volume Block and Bayesian Trend The Bayesian Trend is currently giving a 41% probability of a move higher from this point. As I'm writing this, Bitcoin has just hit the 0.618, which happens to be the level with a dominant sell order block. It's a classic move, guys: double-topping pattern into a 0.618 retracement rollover, nothing new. Crash Zone Explained Here is why I think "if" a black swan happens, this is the timeframe where it's most likely to happen. We have US elections, the first possible rate cut, and the start of my Fib time. As you can see, this Fib sequence predicted the last black swan event, which was the Covid Crash. It is a very powerful sequence for predicting Bitcoin macro pivot points a year. Last year, unfortunately, was the first time it failed. Nevertheless, I still keep an eye out during these periods. Fed cuts are not bullish, especially after long pauses above 5%. Last time we had rates at 2% when we started cutting, a multi-month downtrend began which led to the Covid crash. NAS100 above. **BTCBTC: Spent Volume Lifespan 7y-10y** The total transfer volume of coins that were last active between 7y and 10y ago. Always a useful tool to see what the big boys are doing and what we see is something pretty shocking. Big volume in these wallets can be connected to major pivot points for Bitcoin in the past. So the largest volume output recorded before 2024 was 1600 BTC. In 2024............... It's the same chart, just included 2024. The output volume in June 2024 was 13,900 Bitcoin. I double-checked it; it's the reason now all the other pivot points look like a small blip on the chart. Insane, 13,900 Bitcoin moved at an all-time high, and then we get a big move down. I guess this metric still works perfectly at finding tops. **Crash Targets** As you can see, we have two main diagonal supports to look at. Honestly, I do not trust any diagonal supports, but the yellow macro one has three cycle low hits, so it holds a lot of weight. The second one, which is the orange dotted line, has two hits and will most likely fail. In my experience, when we have a very clear diagonal support and it comes down for its third touch, it breaks because everyone is looking at the same thing. It's that simple: the entire space is looking at it, so therefore it breaks and everyone gets rekt. The golden pocket sits at 35-37k and at the macro yellow support. This is where I would say the bottom is most likely in. If the black swan plays out all the way, we would most likely see the CME gap at 21k close. This would most likely be a hammer candle that would last seconds. **Invalidation** If Bitcoin were to break the previous swing high at 74k and close a weekly above it, this entire TA would be invalidated. Even if it closed above 0.618 at 67k, the chance of invalidation would increase dramatically.
INDEX:BTCUSDShort
by Sporia
43
Black Swan Incoming (Part 2)The series continues as Bitcoin fails to invalidate my thesis. This is most likely the start of the crash rather than the end. The first diagonal support comes in at 45-48k. Check out Part 1 above first. The Topping Fractal Strikes Again The entire move is orchestrated time and time again. You can see from Part 1 that 7-10 year wallets shifted massive amounts of Bitcoin right when we get this same topping pattern appearing. Coincidence? I think not. This is the third time it's happened now. You can see from the chart above we failed to break retracement levels. Chainlink Fractal What you are currently seeing above is REAL, it is happening. I thought about this possibly happening when I was actively trading this fractal back in 2023. This is the Chainlink fractal from last cycle overlaid to this current cycle. I traded this fractal back in 2023 and when I overlaid and saw that the Covid crash lined up with my Fib time, I thought, is it possible we get a crash in August 2024? I was going over this possibility in 2023! Mind-blowing. If the fractal plays out, that means that the bottom is basically in for LINK and the bull market starts now, with a top in September 2025. Anyways, I will post a different TA on LINK. The Million Dollar Question Is the double bottom in or not? I have wrestled with this question for months, over a year maybe. While all other analysts and everyone else is convinced that the double bottom is in, I have never been 100% sold on it. What do I mean? Well, since the first Bitcoin cycle, we have formed a double bottom before the bull market starts. As you can see, we always form a double bottom. If we repeat history, that means that Bitcoin will retest the 20k area. Everyone is convinced that this is the double bottom, but I have never been sold on this theory, especially when we have a CME GAP at 21k! Mayer Multiple Bands We can see that the last band is at 26k. For now, the worst case would be that price point. USDT Dominance Chart I was watching this closely. We were forming an ascending channel for a while. Bullish for USDT dominance means bad for the market. What is interesting is that we hit the same level in March 2022. Very interesting. Hash Ribbon First Failure? Will the hash ribbon fail completely this time? Last time it fired off a buy signal, it dumped 17% before going on a massive multi-month rally. We are currently down 29% since its buy. Fear and Greed Conclusion "IF" we even get a bull market, it will most likely start in 2025. We need to get interest rates under 2.5% at least. We have never had a bull market with rates so high. First cycle: 0%, second: 0.5-2.5%, and third cycle: 0%.
INDEX:BTCUSD
by Sporia
1
XRP moonshot?Since April 2021 XRP has been banging on the 2/1 Gann failing time and time again. In the last three years we hit the 2/1 Gann 5 times and failed to break it , this monthly candle is extremely bullish and we have reached the apex of this Gann triangle, the chances are we break to the upside. Since March 2020 we have been printing lower highs on the monthly without fail. Stoch RSI monthly buy. Bar pattern fractal from 2015 repeating. Very high chance here XRP breaks 2/1 this time round , there is a lot of momentum.
BITSTAMP:XRPUSDLong
by Sporia
2
Airbnb (ABNB): Bleak Outlook or Potential Turnaround? 🏠Airbnb (ABNB): NASDAQ:ABNB Airbnb's outlook appears quite bleak at a glance. We've experienced a break in the downtrend, and since January 2023, there has been an uptrend. However, we anticipate this might not last long as the complete cycle has not yet concluded. Since the IPO, the price initially surged to $220, then fell to $82. We now expect a rise towards a Y-Wave, or Wave II, hitting between the 61.8% and 78.6% retracement levels, equating to a range between $167 and $190. Following this, we predict Wave III will drop well below Wave 1's low of $82, potentially reaching around $30. It's important to note this is a multi-year scenario that won't unfold overnight. Still, it's crucial to be aware of the long-term perspective. Should the price exceed the 78.6% mark, or $190, our scenario would be invalidated, indicating that the bottom was indeed found at $82.40. Until such a development, we anticipate a declining trend for Airbnb.
NASDAQ:ABNBShort
by freeguy_by_wmc
Bitcoin Outlook 2024It's been a while since I posted something on TradingView, mostly because there has been nothing going on for months now. However, I believe we are coming into a major pivot point for Bitcoin. In the past, when Bitcoin consolidates at previous all-time highs, it's a strong sign that we are entering a Bitcoin bull market. But this time, it seems, at least for now, that the tide has turned to the downside. The main chart above shows the most important macro trendline to follow right now, with multi-year support and two major cycle lows put in on this trendline. If we take a look at my lay lines and Fib time zones, you can see why I think the 2024 outlook is going to be more downside. A new time cycle will start sometime around December 2024, which matches with the lay lines also. A very important Time Fib, which I have been using for years, starts this month. As you can see, it is powerful at predicting pivot points. Unfortunately, last year it failed for the first time in predicting anything, so let's see what happens this month. As you can see from the model, Bitcoin has failed to close above the last band. This last band shows the last phases of Bitcoin cycles. MACD BEARISH CROSS 2W The MACD has crossed bearish on the 2W timeframe five times. One out of the five times it was a false signal, and that was the crash in May 2021 down to 30k. The rest of the time, when this signal fires off, Bitcoin from that candle close on average moves down 63%. It is important to note that even though we have crossed bearish on the MACD, we need to wait for it to confirm in 10 days as of this post, which would be the close of this current 2W candle. STOCHASTIC RSI We have officially gotten a sell signal on the monthly. Two moving averages have closed under the 80 level. In 2021, this again was a false signal; we rallied for months while moving averages kept moving down. Mayer Multiple Band Completely broken down from the yellow band. The next band is at 43k. My indicators This shot is showing Heikin Candles. As you can see, it's pretty good at calling tops , its not perfect , but considering this is a real-time signal, it is very powerful. This signal will confirm in 27 days, though. Same shot but using Japanese candles. As you can see, we have two sell signals up here on a monthly timeframe. As soon as I saw the second one, I knew already that the outcome was most likely down. CME GAP STILL OPEN Let's not forget that the CME GAP at 20k is still open. That is a 60% drawdown from where we are now, which would take us down to 20k where the CME GAP is, which is in line with the 2W candle MACD bearish cross average drop. Conclusion There are so many sell signals right now, and these sell signals are on monthly and 2-week timeframes. We are talking about huge momentum here. My view is we go down for the rest of the year until December 2024, when rate cuts come in and the bull market starts until September 2025. After that, blood. Anything is possible. A black swan event would take it down to close the CME GAP most likely. Remember, anyone who was here in March 2020, we dropped 63% in about 20 days.
INDEX:BTCUSDShort
by Sporia
3
XAUUSD reserves increased ahead of today's CPI💵GOLD PRICE AND ECONOMIC INFORMATION Gold rose near $2,375 per ounce on Thursday, rising for the third straight session, as investors await US CPI data due later today to seek cues on the Federal Reserve's timing and depth of interest rate cuts. The annual CPI inflation is expected to ease from 3.3% to 3.1% in June, while the core CPI is anticipated to remain unchanged at 3.4%. 🔴SELL GOLD: 2390 - 2400, SL: 2404 🟢BUY GOLD: 2340 - 2338, SL: 2334 ⛔️Breakout: top border 2387 - 2390 - 2403 - below 2370 - 2365 - 2355 🔼Support: 2365 -2355 - 2350 - 2340 - 2335 🔽Resistance: 2387 - 2395 - 2400 - 2410 - 2414 GOOD LUCK EVERYONE👍
OANDA:XAUUSD
by Scalper_Ananda
TBO TEK LTD - Pre and Post IPO Statistics IPO Price: 920 Issue Size: 1150 Crore ( 1.68 crore shares) Lot Size: 16 Listed: 1426 ( Premium listing - 55% gain :) ) Closing on Listing Date: Closed in Negative @ 1406 minor loss of 1.4%) Listing Day Candle: long Range Spinning Candle Listing Day Volume: 1.2 crore Listing day open and low PRICE would act as a support in immediate future. Support Range: 1426 -1275 ( 10.5%) TBO tek is one of the leading global travel distribution platforms and simplify the business of travel for Suppliers such as Hotels, Airlines, Cruise, Car rentals, Transfers, and Rail and Retail & API Buyers such as Travel agencies, independent travel advisors; and enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps on its platform that enables them to transact seamlessly with each other. TBO Tek platform connects over 159,000 Buyers with over 1 million Suppliers across 100+ countries
NSE:TBOTEK
by manuagarwal21
Chainlink What Now?Is this move a surprise not really if you been following my Chainlink ideas. Published in February warning traders that giant rising wedge had formed and the target of that wedge is back to the top of the massive range at 8-10 dollars. March 18th we got a bearish cross the MACD , this was another signal of things to come. On the LINK/BTC we can see that we hit the exact bottom of June 2023 lows when Chainlink hit 5 dollars and completed its wave 5. We also have this very important date coming up with LINK , which is April 22nd 2024 or more like the week instead a specific day. This Fib time sequence has predicted Chainlink event for years with 100% succuss rate , check it out below We once again get to see if proves to show us something of value. On the Main chart above you can see this time fib sequence once again showing pivot points on the weekly , showed us all time high , June 2023 low , I mean simply amazing sequence here apart from 3.618 in grey you can see failed to produce anything special. Even though the target for the rising wedge is 9-10 dollars I would link to see LINK hold the 1/1 Gann Fann right now its sitting right on it so we don't want to see a close under that would be pretty bad to close under the 1/1 again.
COINBASE:LINKUSD
by Sporia
4