Log fractal 2.0 reditHi again to you all.
Price action progressing. so it's time to little edit my secret fractal gain, here on Logarithmic daily chart.
Now we know, this is confirmed Bear Flat formation. You can draw the pole from 48 k high, or 31,5 k.
Also as I am posting today, Bitcoin testing 200MA weekly average. If Sunday closes this way, it should end up in crucial bearish acceleration.
In that case, Bitcoin would be heading into the last yellow rectangle to full fill whole pattern called Bearish Wick-off formed from All Time High.
However, I am only average investor and it will also depends on Stocks with DXY index. This dependency impacting BTC through their smart money, leverage and manipulations.
Exchanges will always want you drag into trades and speculations to liquidate you and take fees.
So never be greedy or fear. Each of us should stick to its own strategy plan.
This is how actually looks mine. No long, no short.
Take care, Emvo.
*This is not any financial advice.
Invest
Elliot Wave Explanation (I) ~ live Example CrudeoilFibonacci Extension & Retracement Ratios:
• Wave 2 – Retracement
◦ 50%, 61.8%, 65%, 78.6%, or 88.6% of wave 1
• Wave 3 – Extension
◦ 161.8%, 200%, 261.8%, or 323.6% of wave 1
• Wave 4 – Retracement
◦ 14.6%, 23.6%, or 38.2%, 40% of wave 3
◦ Ideally it should not exceed more than 50%
▪ If wave 4 does exceed 50% of wave 3, consider a different count, but do
not rule it out
• Wave 5 – Extension
◦ Equal (100%) to wave 1
◦ Wave 5 is 61.8% of waves 1+3
Rules:
• An impulse consists of 5 internal waves.
• Wave 1 and 5 always have to be an impulse, or a diagonal (Leading for wave 1 –
Ending for wave 5)
• Wave 3 always has to be an impulse.
• Wave 3 can never be the shortest wave
◦ It can be shorter than wave 1 or 5, but never the shortest
• Wave 2 cannot retrace more than 100% of wave 1
• Wave 2 can be any corrective pattern
◦ Except a triangle
• Wave 4 can be any corrective pattern
• Wave 4 can never move beyond the end of wave 1 (Otherwise it is a diagonal)
Guidelines:
• Wave 1 is the least common wave to extend
• Wave 5 should end with momentum divergence (RSI is the simplest oscillator to spot
this)
• Wave 5 can fail to go beyond the end of wave 3
◦ This is called truncation, but it is not very common
▪ Truncation gives warning of underlying weakness or strength in the
market
• Wave 3 usually has the greatest extension
◦ Occasionally two waves will extend
▪ Never will all three waves extend
• When wave 3 extends, wave 5 tends to equal wave 1 in length
• Waves 2 and 4 tend to create alternation between each other
◦ See last page for more details on alternation
• Wave 2 typically retraces to deeper levels of wave 1, than wave 4 does relative to
wave 3
• Wave 2 usually forms as a zigzag or double/triple zigzag
• Wave 4 usually forms as a triangle, double/triple threes, or at
• Extended waves can contain exaggerated subdivisions within them
• Usually two of waves 1, 3 & 5 exhibit a Fibonacci ratio
• Channel lines and Fibonacci targets are inferior to the wave count
• In most cases, wave 3 has the highest volume
◦ If volume during the 5th wave is as high as the 3rd, an extended 5th wave is
expected
S&P 500 Possible Gap Fill Based On Price Action OnlyDescription: According to historical price action market data market like to fill gaps from 2000 to 2003 and from 2007 to 2009 and 2019 to 2020 as you can see all previous gaps was filled, but this gap has been never fill and now is possible to be filled. The same price action is on others index and stocks
Possibility but is not guaranteed: If all this index and stocks decide to fill all this gaps the following is possible to happen but is not guaranteed
3 Examples: Dollar Index: 35.34% UK100: 75.64% Apple: 92.51%
Examples: You can use Facebook and PayPal as an example or historical price action market data as examples for a gap fill which happened this year.
Warning: This is not a Financial Advice nothing is guaranteed I am not a financial expert or financial adviser I only share my opinion
ETHUSD | EthereumA buddy nudged me about this idea, and I do see downside for ETH.
That is a significant trendline that price has broken, now PA is below the EMA's with a classic "Bear Flag" on the 1H chart.
In theory; the height of the flag pole should break to the downside at an equal distance. - in theory -
It is important to mention, the engulfing candle.. a classic reversal setup right on the EMA's
Let's see where this goes. My stop is a little close for my liking, but I did not feel compelled enough to move it...
1% risk 2:1 RR
SPY / SPXL - S&P 500 Analysis - Outlook$SPY / $SPXL 👀 – 08/15/2022| S&P 500 | #Future #Outlook 🎯 - 📸 🚨
📌 What’s good #PublicCommunity? Que es la qué hay corrillo?
📌 We’re currently impulsing within Wave 3 of the Intermediate Degree (in blue). Anticipated target before the corrective Wave 4 of the Intermediate Degree (in blue), is approximately within the range of 1.618 to 2.618 (extension), of Wave 1 of the same degree (in blue).
📌 Trading $SPXL : I am looking to take partials at the completion (or around 2.618%) and then go long again at the completion of corrective Wave 4, of the Intermediate Degree (in blue) and hold until the completion of Wave 1, of the Primary Degree (in black).
📌 Investing #LongTerm $SPY : I am looking to add onto my holdings at the completion of Wave 4, of the Intermediate Degree (in blue) and again at the completion of Wave 2, of the Primary Degree (in black).
✅ If you thought this was helpful or insightful: Follow, Like, or Share ✌🏾 #PublicCommunity
📈 To View or Save My Chart:
⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️
#longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #investmentidea #investmentopportunity #SPY #SPX #Stocks #Leverage #LeveragedEFT #EFTs
Coinbase Posted over 1 Billion Losses in Q2 2022 TODAYCoinbase saw a 64% drop in retail exchange income. Coinbase crypto trade announced critical misfortunes in Q2. The trade posted a deficiency of more than £1 billion while missing investigators' estimates.
- Deficiency of £4.98 per stock versus a guage deficiency of £2.65
-Income of £808.3 million versus a gauge income of £832.2 million
The US trade income dropped by 64% with retail exchanges income at £616.2 million, down 66%. Exchanging volumes (in £B) were fundamentally lower across Ethereum and other cryptographic forms of money, be that as it may, Bitcoin's volumes have expanded as well as BTC income. Coinbase anticipates 7 - 9 million month-to-month exchange clients, down from the 5 - 15 million territory just 3 months prior. The organization has diminished its spending financial plan, less paid media, and different motivating forces as the center movements to nonpaid traffic.
In light of Ark's reproductions, institutional assets portions of between 2.5% to 6.5% may lift BTC cost by £200,000 - £500,000.
It is quite important that toward the finish of July, Ark Invest sold around 1.4 million loads of Coinbase that were valued at £79 million at that point.
The Big Wall Street ShortIs it even possible to predict when a Black Swan event will happen?
Is it impossible to time the market in that manner?
This is what I will be attempting today , trying to time a stock market crash using fibonacci time dates in Bitcoin and the Dow. I think Bitcoin is a really important tool for world events , it's been running at a constant rate for more than 10 years now ,nothing shows human emotion more than Bitcoin and because of that I have been able to find amazing fibonacci time dates that can predict future marco events in Bitcoin which happen to line up with stock market moves.
The Dow Jones fibonacci time dates are much harder to find , there is 100 years of data to go through so over the years I have tried to find the gold fibonacci time sequence but have failed to find a macro sequence with any significance.
I do have two Fibonacci sequences that I’m currently following that could show us major macro events in the Dow jones. The first is the one you see on the chart above is the 0.618 happens to be the candle after a weekly all time high candle in the first week of January 2022, which was a major pivot to the downside.
The next date in this sequence is 1.618 at the end of February 2023 which as you can see on the chart happens to be the date the Gann Fann and the rising wedge cross. The fact is that the Dow Jones is currently in a massive rising wedge ,it is the largest rising wedge in Dow jones history , I have gone over 100 years of price action and I have yet to find one this big.
If this wedge breaks we could be in for the classic 50% historical market crash , on average the Dow Jones dumps about 50% during these events that can last over a year. So far we seem to be setting up for one of those crashes , let's have a look at past crashes.
2008
This market crash was 54% and took 504 days to play out , price declined 17% then we got the bounce followed by a rejection of the 4/1 Gann Fann.
1973
This market crash was 46% and took 623 days to play out , price declined 19% then we got the bounce followed by a rejection of the 4/1 Gann Fann.
1937
This market crash was 50% and took 392 days to play out , price declines 16% in this case then bounce and we get a perfect rejection at 8/1 Gann Fann.
1929 (Great Depression )
This market crash was the largest in history and was much more volatile but the pattern was still the same. We first get the drop then the bounce and a rejection of the 8/1 Gann Fann.
So as you can see when we set up for these crashes we get a drop somewhere from 16-20% before a bounce and that is exactly what is happening right now , we dropped 20% and bounced , the stage is being set for a massive crash once this rising wedge breaks.
The question is now when? Well for now have the 1.618 Fib date end of February 2023 that could be the date we would start to see a pivot down for the Dow Jones and start its crash down to 18000 area, this zone is exactly 50% from all time high which lines up with every other crash it also happens to be the bottom of the covid crash.
I go over the idea of a big crash coming in this TA below , where I go over a very similar fractal pattern playing out around the time of the great depression.
There is no denying that this fractal pattern is eerily similar to the great depression and the Dow Jones currently hit the 3.618 Fib level so pulling back to 18-19k will also line up with 1.618.
If you zoom out you could see that the Dow is currently in a massive ascending channel.
Whenever we get close to the top of the channel we find a lot of resistance or decade long consolidation .
So using Bitcoin Fibonacci dates and two different Dow Jone dates I have narrowed down the possible potential window of when this crash will start.
Late February to Late July 2023 this move could start happening ,it could look something like this :
If this did unfold, where would Bitcoin be? Bitcoin has never been through a stock market crash of 50% and we already hit capitulation right? Well yes and no ,Bitcoin has two capitulation events before going back to all time high as you can see below.
Now what happens is these two capitulation events is that we create a double bottom ,so it basically retests the first capitulation lows but after discovering what could happen in the Dow jones I believe that Bitcoin could put in its first ever lower low in the second capitulation phase which would look something like this sometime end of july 2023.
So come late February 2023 we get a rejection off the 8/1 Gann Fann and we break the rising wedge , prepare for the worst and also the biggest short position of your life.
Bitcoin Setup Nothing much has happened in the last couple of days , Bitcoin looks like it's setuping up like the last two times, bullish divergence building already.
USDT dominance could break the top of the channel but should get rejected off the top of the triangle.
As long as we set a lower high nothing to be alarmed about , we have the higher time frames backing us up here and know that the bottom has a very high chance of being in so until we set a lower low on medium timeframe we prepare for a long position and drown out all the FUD ,FOMC meeting and all the rest of the crap distracting from the charts.
Exact BTC fractal monitoring 2.0I decided to post the same chart on Regular scale and 4 hour time frame for out better view. ( ... Yesterdays was Logarithmic chart ).
This purple fractal is much same as Saturdays, however not so extreme when compare. Nobody can't determine, which should end up better.
Better than post into comment section as in previous idea. Also Fibo levels are better visible.
So let's get the answers . I think, it will be interesting to watch...
Sometimes, it is not only about any divergences or volumes. You should go far beyond.
Good luck and always save some money.
Emvo.
*This is not any financial advice.
Exact BTC fractal monitoring .Hi again to you friends.
Today, I am gonna post this blue fractal which I am watching more than weak, if you saw my last idea.
Now I post you 1 hour chart for exact tracking.
While some indication bottom is in, personally have not convinced very much...
If you zoom out, you should see the whole bearish Wick-off structure made even before Bitcoin topped.
I marked it by yellow rectangles and I will post in comment below this chart to better picture.
You can also spot red Rising Wedge in huge Falling . That mean too much space to fall before uptrend really begins.
But it will never be sure. Let's see it fractal will fit, progress or it will be invalidated in next few days/weeks.
A lot will depend on DXY and Stocks like Nasdaq ,as always.
Good luck to you, stay safe and take care.
Emvo.
*This is not any financial advice.
The Golden Ratio MultiplierMain chart showing cycle bottoms
Indicator Overview
The Golden Ratio Multiplier explores Bitcoin's adoption curve and market cycles to understand how price may behave on medium to long term time frames. To do this it uses multiples of the 350 day moving average (350DMA) of Bitcoin's price to identify areas of potential resistance to price movements. Note: multiples are of the 350DMA's price values rather than its number of days.
The multiples reference the Golden Ratio (1.6) and the Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21). These are important mathematical numbers.
These specific multiplications of the 350DMA have been very effective over time at picking out intracycle highs for Bitcoin price and also the major market cycle highs.
As Bitcoin becomes adopted over time, it's market cycle highs hit decreasing Fibonacci sequence multiples of the 350DMA. This is because the explosive growth of Bitcoin on a logarithmic scale is slowing over time. As it's market cap increases it becomes more difficult for the same log scale growth rates to continue.
If this decreasing Fibonacci sequence pattern continues to play out as it has done over the course of the past 9 years, then the next market cycle high will be when price is in the area of the 350DMA x3.
Still in Bear Flag (Bitcoin)Bitcoin is still inside a bear flag once we break 23k and close above it this pattern would be invalided.A break of 23k would send Bitcoin straight to 27k to close the gap most likely before going into a long range accumulation for some months.
I go over in my last TA why this bear flag had a much larger chance of invalidating because of the USDT dominance, take a look below.
There is an interesting time Fib count I have been following with the last date being a really powerful pivot point.
At this point there is a high probability that the bottom is in. I presented a lot of evidence in the TA below.
As Bitcoins downtrend ageing.Hello again, as uptrend channel broke in advance of my previous TA, bearish Wickoff developing and DXY is stronger than ever we imagined,
let's see how low this bullish Falling wedge oscillate before breakdown.
I am rather staying neutral on sideways ...I do not think, Stock market bottomed so let's see what near future bring. This will create great long-term opportunities to all of us.
In my opinion, uptrend won't start until September ending. Maybe... Here's some major Fibo levels to watch.That 's why I used 4h chart to monitor.
Take care, Emvo.
*This is not any financial advice.
NAS100 BreakoutNAS100 breaks out of decending wedge and is now currently restesting top of trendline as support which happens to land on a Fib date .
Targets could be 0.5 at 13.8k , was waiting for retest to post and now it seems we might have that with a very strong open.
Amazing time fib reaction .
Golds Run Is OverThere are a lot of predictions regarding gold and how it's going to start its bullrun and a move to 5000 in the next 1-5 years but I really don't see it that way.
In this 6 month candle chart you can see that in the next 7days we will be closing and confirming what seems to be a potential "Gravestone Doji" signalling a trend reversal .
Also we are inside a massive ascending wedge which is a bearish pattern and we have been in the monster 22 year run which hit 2.618 . So how far is gold going to realistically run? with the 4.236 extension not that far off.
I just don't see it in the charts for gold. My bet is gold breaks down from here and goes back to 1.618 for a couple of years after its mega 22 year run like it did after the blow off top of 1980.
It's 2022 not the year 2000, investors in this time period are leaning towards cryptocurrency more than gold , nobody has time for gold , silver on the other hand is looking a lot better.
SPX repeating 1987?SPX hits 4.618 perfectly after a massive 12 year rally .
The question is where does the SPX bottom? , best case scenario we bottom at the 2.618 and worst case the 1.618, we have been here before , we have to go back in time to 1987.
Does it look familiar?, we have a very similar looking price structure. From 1968 to 1974 we created this double top structure with a lower low being made in 1974 only to reverse to the upside for 4600 days before nearly hitting the 4.618 and pullbacking back to the 2.618.
Present day we have the same setup , a double top formation starting from the year 2000 then creating a lower low (red circle) only to reverse to the upside yet again for guess what 4600 days, yet that's right the exact same time.
So if history repeats the SPX 500 has more to go , bringing it down to the 2.618 at 3000 points which would be a total of 37% from all time high. The question is does it then reverse up like 1987 ? or do we continue lower.
If the SPX 500 did in fact make a move lower to the 2.618 or even the 1.618 I really don't know how low Bitcoin would go; it's never gone through a stock market drawdown of this magnitude since it was created in the 2008 real estate crash.
Update on Weekly SpringBoardBitcoin always creates bullish divergence on the weekly time frame before a macro shift in momentum , it can take years to build this springboard setup.
If we take a look at the previous setups we can see that it's a very long process which requires a lot of patience from traders since it's normally a time where price will be most boring in the cycle, a lot of sideways consolidation movement followed by a barrage of negative news.
It's the same every cycle during this period , "Bitcoin goes to 0" these articles start coming out like clockwork , the masses are not interested in Bitcoin right now and that's exactly how market sentiment should be for a cycle bottom.
So Bitcoin is setting up like in 2018 , weekly springboard holding and LMACD same level it was in 2018 cycle bottom , it took 413 days to build this springboard , in the 2015 cycle it took 392 days .
It is possible that we might not even get that big relief rally everyone is waiting for this year, higher chance we see this rally play out from December 2022 -June 2023.