Great tool for predicting bubble/hype tops!What is the difference between bubble and hype?
Hypes are usually local tops inside the greater bubble.
As we said before there is a 90% chance we already started the next bubble.
For now, we had a hype that most probably finished at the 5th Elliot wave.
As you can see previous tops and dips can greatly predict where the next tops will be!
1.618 Fibonacci level is the key and when combined with Fibonacci levels from other extensions you get to know where the strong resistance is.
First, we get to extend to 3.618 and then to one level lower (2.618) from the previous price movement. Both are aligned with previous 1.618 Fibonacci extensions.
Hope with this will mean less FOMO and FUD when trading.
THIS IS NOT FINANCIAL ADVICE.
Remember to trade safely!
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Marketforecast
Amazing bitcoin forecast to $277k next stop & WHEN TO BUY?Does anyone have a roadmap like this???
Buy anytime we are near the PURPLE DOTTED LINE. In fact, if you believe in bitcoin, DCA (dollar cost average) on the way up and now! Anything below the purple value line is a spring/shakeout.
By my estimates and how the parabolic ascents of support and resistance line up, bitcoin will eventually and soon approach $277k decision point. It will require it breaking above the resistance parabola to go higher. At this point there should be indication of the s-curve knee point of global adoption moving forward as as store of value.
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Stock market at very critical resistance indicator!If we track % of stocks above or below their 200 day moving averages on a WEEKLY time basis - there are some very clear bull market reversal signals as denoted. We are back to a very critical resistance area that once break up, we could see a very sizeable extended multi-year stock market pump. This would in turn seal the deal I believe for a second presidential turn and the Trump re-inflation of the stock market which will eventually lead to a parabolic top most likely.
London session Watch USDCADUSD/CAD surged after the break of the inside bar candlestick pattern that we covered yesterday. The breakout of the inside bar candlestick pattern lead the price to break the 1.1015 resistance level. Note that the inside bar candlestick pattern was coupled with the Stochastic and Commodity Channel Index (CCI) showing the price is oversold which adds strength for the breakout. The overall trend is still heading up thus we could potentially see a retracement before the price resumes this upside movement in today's London session.