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.
Invest
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.
#MANAUSDTTwo different scenarios for the price of #MANA:
Hello Traders
If the Bitcoin price remains in the current stable position and does not lose its value in the following hours, we can expect a rise in the price of MANA from its current price (1.0200) to 1.342 in the next week .
However, if the bitcoin loses its value again, the price will go down to the support area that is 0.685 which can be a good opportunity for mid-term investment. See the image below for more details.
8 Days left for the Chainlink Sequence! Its been a interesting May but not shocking in anyway , I have been covering this downtrend all year and talked about the crash in May 2022 months before.
Published January 2022
Published March 2022
How did I pinpoint May 2022 for this move? keep reading.
First lets go over the chart and possible move from here , so been playing around with this Gann Fan from the inception of Chainlink and its showing some nice confluence in some areas.
Last time Chainlink touched the 2/1 Gann Fann it was 2019 where it hovered over it for about 120 days before shooting off , One possible senario here is that we just go sideways over this Gann until the next Fib time date 3.618 3rd October 2022.
Even though Chainlink broke down from its decending wedge in price , the pattern is still playing out on the weekly RSI , check it out .
Last TA showing chainlink breaking down from decending wedge .
So now the most important part of the puzzle, why May 2022?
Back in 2019 there was a LINK/BTC dominance channel I use to trade and by testing out hundreds of Fib time seqeunces I found one that hits home runs the last 4 times.
Everytime we come to a date LINK has had a massive move to the upside will it happen again this time who knows? The date is 23rd May 2022 and April 24th 2024 is the one after when the next Bitcoin halving is which is very interesting.
In 6 hours the weekly candle closes and if the weekly candle of this dominance chart closes at this level it can techically confirm a decending wedge with two lower touch points.
Since the I believe we topped April 2022
and it normally takes bitcoin 406 days to capulate from a cycle top I came to the conclusion that the next Chainlink sequence in May 2022 was likely going to be some sort of bottom.
Chainlink has retraced 89% thats 1% more than the retrace in 2017 take a look.
There is only 8 days left until the next Fib date poeple and Chainlink just retraced 89%!
Pinpointing the Cycle BottomPinpointing the cycle bottom is pretty much impossible but we will give it a go anyways.
This Gann Fan you see on the chart has had amazing reactions in the past :
1. Covid crash bottom hit 8/1 Gann perfectly
2. Covid weekly candles closing on 3/1 Gann
3. Price hovering over 2/1 Gann before starting the bullrun.
Amazing reactions last couple of years so hopefully we can still use it as a template for things to come.
So I have narrowed down a possible timeframe and price where Bitcoin could bottom , somewhere inside this red circle price could find a cycle bottom, between 14k -16.5k.
Could we wick lower than the 3/1 Gann yes but to close under it I highly doubt it. Also there is a Fib Date coming up week of 18th July 2022 , last two times we had moves to the upside infact the last one was amazing and pinpointing that massive pivot up last july.
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S&P 500 Daily Chart Analysis For June 17, 2022 Technical Analysis and Outlook
In the week's trading, the S&P 500 market dropped 5.8 percent and completed our Outer Index Dip 3640. Upon verification (In progress), expect the rebound to Mean Res 3788; however, if all fails, the index will take us to the next Outer Index Dip 3530 mark.
Ready for the Saturday Night Special?Bitcoin now forming a bearish pennant on the lower timeframe a techincal target of breakdown is somewhere between 18000-19000 which lines up with the CME gap at 18.5k.
Sometime in the next 48hours we will get a move , now normally major events in Bitcoin happen Saturday morning (UTC), why I have no idea but if I were to speculate ,I believe its best time to catch most poeple away from the charts , these moves happen between 5-6am here in europe .
London 5-6am
New York 11-12am
Shanghai 11-12pm
You can see that most of europe and the US are sleeping at this time but its mid day in china and they are ready to nuke the market while you are asleep , happened many times last year on saturday morning here in europe.
Take a look at 2021
Long Investment with ETSY. What do you Think?I share TWO of my IDEAS!
1. First Option (1 YEAR)
It is done by looking at the Financial Health, Historical DATA and
calculating its Fair Value Today
2. Second Option is a Longterm Investment. That depends on the Market and Growth of Etsy
Disclaimer;
NO ADVICE TO INVEST and TRADE SAFE!
Mayer Multiple Extremely Rare signal!The Mayer Multiple has officially turned black!
Let's go over how rare this signal truly is!
October 2011 / 85days - Price 2.13 Dollars
January 2015 / 9days - Price 178 Dollars
December 2018 / 11days - Price 3300 Dollars
Average of 35days with 2011 included without 2011 we talking about 10days average , this is by far the rarest Bitcoin oversold signal you're going to get.
Now the lowest Mayer Multiple Band is 18.2k which is in line with the last CME GAP!
Last time we hit the lowest band was March 2020 covid crash which tapped it perfectly!
This could be the key at pinpointing the bottom. The question is when , well it could very well happen this week since bitcoin has never closed under a 200 weekly moving average. If Bitcoin did hit 18.4k close to the CME GAP then close the week above 22.3k which would be the 200 weekly.
something like this playing out
CME TA -
Mayer TA-
Mayer's ratio is at 0.55 ,very interesting times!