DYDX - Interesting Cycles!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find the DYDX chart interesting.
For those who have been following me for a while, you know that I like to study previous price action.
If you want to win a war, you need to study previous wars.
I can't help but notice a repetitive time pattern on DYDX.
In June 2022, DYDX bottomed around the $1 round number and started a bullish cycle that almost ended around March.
The same thing happened in June 2023 , bottoming around the $1 round number and topping out around March.
Is history going to repeat itself?
If yes, then we are already around the end of this bearish cycle and will be looking for any bullish confirmation around the $1 round number to buy DYDX and hold it until around March 2025.
Let me know your thoughts. Do you think it is simply a coincidence, or is there a reason why DYDX starts to go up every June/July?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
June
(IOTX) iotex In only a matter of five to six minutes this huge 15% candle was depleted on IOTX. How is that possible? How would other parties know as soon as it happened to sell on that candle? Was it internally? Was it an outside force? I'm baffled by how fast this candle was reduced. Why not add to the value rather than reduce?
This is purely greed for the sake of greed and I don't like the look of it.
(ALGO) ALGORANDOne day can make a big difference. The lead lines have changed quite a bit for cryptocurrency based on the losses over the last 24 hours. This image is an update of the same image I posted yesterday with the new and improved lines of the indicator in orange versus the same view of the black lines a person would normally create if they were looking at the chart and trying to place the lines on the graph. The inbetween black line I drew yesterday came true and now the orange line is laying on top of the middle black line.
(BTC) bitcoinnot sure what I created here; the indicator line shows slope information that leads before the price increases in the future. may have something to do with the halving and reduction in BTC. the green line decreases as the price grows in the same way a previous chart prices look smaller as the price reaches higher. the only difference here is that the graph lines are happening before the price of BTC peaks, odd. ...now I have to wait to see if the indicator line changes dramatically ahead of the price of BTC...
(ETH) ethereum monday June 10th 20249:50pm greenwich time, 3:50pm local time.
PHASE 9 ARRAY REACHED
Ethereum prediction circle. Array phase in last declining assembly w/ most likely divider to become an expansion on price during this month of June. I don't foresee losses for Ethereum and at worst case scenario neutral prices until the time when the price of Ethereum encapsulates the flattening theory on supply.
(BTC) bitcoin "volume"The volume measures of now versus the past are at a height that is as high as when Bitcoin was at a previous all time high years ago. The main difference now versus then in case people have already forgotten is the fact that the halving means a difference in value for mining and the capacity to hold blocks, mine block, transact blocks. The current volumes are high as they ever were in the past with a decrease in mining value and an increase in large in flows from ETF transactions with holdings being done through Coinbase to afford outsiders that want to use bitcoin to invest without being the physical holder of the BTC.
The price of Bitcoin falling due to such high volumes is less likely when taking into consideratipn where the volume came into play in the first place and the halving change values.
Will there be people that will use Bitcoin to transact during the Olympics to keep their transactions private internationally? How likely is the usage of Bitcoin in the real world coming? The sooner the realization of Bitcoin as a transactional digital currency internationally is understood the stronger the usage.
You will have to make your own mind about whether the volume can go higher in the pink dot range and if the value of Bitcoin in your own mind is going to continue to increase, remain neutral thus allowing the pink dots to slowly decrease in height, or physically decrease in share value per BTC.
(NVDA) nVidia "so close"Custom indicator to track volume against median levels diverting levels of highs and lows. Basically the indicator looks to measure something that offers a view of the direction of shares and whether the shares are pulling or pushing against the price of the stock, or crypto. In this case nVidia is running eerily close to the zero hline. The split is coming up and there will be 10x more shares. Even though the stock split shows definite signs of continued growth and future gains in mcap the timing is correlated as such. The image is on the week length because I couldn't fit the entire image one the day length of time with my computer. The purple line falls as the price gains. The purple line works against the movement of the graph chart in any sense of the word.
(STX) Stacks "long running trend"The trend lines on Stacks have not crossed for a long time, about a half a year. Image indicator offers a view of no red line connecting the moving average lines. blue dotted lines representing time on a floating axis to replicate those pesky triangles people draw only these triangles are based on the information inside the chart. I draw the dashed lines previously and have those lines matched up with the indicator.
(XYO) XY Labs xyOSXYO or XY Oracle or XY Labs is in beta mode of their new xyOS. The company would then be tagged as a term for "software" that I use and the term "A.I." being ever more popular as the years go on. Here is an image of the chart using the same indicator as seen on the previous images of ETH and BTC. The lines are quite simple compared to those more notable coins plus XY Labs XYO token is not a coin, i.e. layer 1 blockchain.
(JASMY) jasmyCurrent view of the indicator I'm working on while still missing the main point of what I've been trying to do. The dotted lines show a measured point on the graph and is not drawn. The small dotted lines cover three distances of 50, 100, 150 into the past and up to the current timenow. Not exactly what I've been trying to do to make an indicator.
(COIN) coinbase "up and down -- volume" The custom indicator I created shows a pattern I'm not used to seeing on cryptocurrency. Stocks are quite different especially right now and with Coinbase. The consistent up and down pattern of volume in such short time frames shows the varied differences between cryptocurrency traders and stock traders.
(JASMY) Jasmy Using auto fib set to 50 and auto retracement set to 75 Jasmy made a leap from the flat black all the way up to the next level of black. A good positional movement moment right now with strong levels.
Intotheblock.com states; 79% of holders are in the money right now, 8% of holders are from the last month, 15% of buyers are from large transactions.
Overview of Cryptocurrency Volatility - 1M, June, 2023.Analysis of the volatility index in June. Time interval - 1 month.
Currency - USDT or equivalent to BUSD .
The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins.
Top 15 Coins (June):
1. BINANCE:MAVUSDT MAV/usdt - 718.40% (High&Low: 3860%)
2. BINANCE:BCHUSDT BCH/usdt - 168.49% (High&Low: 210.68%)
3. BINANCE:XECUSDT XEC/usdt - 64.61% (High&Low: 93.72%)
4. BINANCE:COMPUSDT COMP/usdt - 55.80% (High&Low: 101.03%)
5. BINANCE:COMBOUSDT COMBO/usdt - 50.98% (High&Low: 73.35%)
6. BINANCE:BNXUSDT BNX/usdt - 46.54% (High&Low: 64.23%)
7. BINANCE:EDUUSDT EDU/usdt - 46.16% (High&Low: 53.69%)
8. BINANCE:LINAUSDT LINA/usdt - 40.68% (High&Low: 86%)
9. BINANCE:IDUSDT ID/usdt - 40.04% (High&Low: 49.63%)
10. BINANCE:HIGHUSDT HIGH/usdt - 37.64% (High&Low: 64.64%)
11. BINANCE:XVGUSDT XVG/usdt - 36.24% (High&Low: 124.60%)
12. BINANCE:AGLDUSDT AGLD/usdt - 32.28% (High&Low: 53.27%)
13. BINANCE:MKRUSDT MKR/usdt - 30.66% (High&Low: 54.87%)
14. BINANCE:ACHUSDT ACH/usdt - 30.55% (High&Low: 53.81%)
15. BINANCE:CFXUSDT CFX/usdt - 29.75% (High&Low: 43.97%)
The coin showed the worst result: BINANCE:ARBUSDT ARB/usdt - 0.28% (High&Low: 30.25%).
Full list of analyzed coins: www.tradingview.com
Analysis information for all coins: docs.google.com
Thanks for your attention!