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Double Excess Phase Peak In Bitcoin - Seeking A BottomBack in 2021, I warned of an Excess Phase Peak pattern that may setup in Bitcoin. What I didn't see happening was a DOUBLE Excess Phase Peak pattern setting up. This DOUBLE Excess Phase Peak pattern suggests the $30k to $34k price level in Bitcoin became extended critical support as price continued to navigate through the 5 Excess Phase Peak triggers. Because price has recently broken below the $30k to $34k critical support, the current price phase is a downward slide while price attempt to find an ultimate bottom (a true bottom). My expectations are that the $9500 level is where Bitcoin will ultimately find a bottom. Time will tell. Ultimately, the US/Global markets may follow a similar pattern as we are seeing a global revaluation take place. Follow my research.
BITSTAMP:BTCUSDShort
by BradMatheny
Gold Fractals Align - Could See A HUGE Price Swing HigherCycles & Fractals are aligning for an aggressive move higher in Gold & Silver. If my research is correct, a similar fractal is setting up right now compared to the one from the GFC (2008-2011). I believe we are at a peak in the Gold/Silver ratio and we could see an aggressive move downward in this ratio over the next 6~18+ months - sending Gold and Silver MUCH HIGHER. Follow my research and learn to protect and grow your wealth. There are still decent stocks/ETFs to trade - but now is the time to be SUPER CAUTIOUS. Gold/Silver/Bonds should begin to move higher as FEAR takes over the markets.
COMEX:GC1!Long
by BradMatheny
2
Nasdaq (5/2/22) - BULLISH - Bullish rally coming this week?Nasdaq (5/2/22): After the announcements of the expected 500 basis-points rate hike from the FED last week, there was a mass sell-off in the markets. However, we're now getting Bullish Divergence on the RSI. This means that we are losing strength from the sselling pressure. We are likely to bottom out soon, maybe today or in the next couple of days. Crypto: For those crypto investors/traders, this also means that we are likely going to get a Bullish rally this week/next week. Bitcoin/Crypto has been following the Nasdaq quite closely since late last year. We can see there is a direct correlation between the two and I've been using the Nasdaq as an indicator for Bitcoin. Sidenote: We are in a BEAR market so far in 2022, so I do not believe that this rally will send us into new All-Time Highs in the stock market. I do believe we are going down much lower this year eventually. Every rally will likely end in a Bull trap and sell-off. The possibility of a continued sell-off here, even though the RSI is oversold, is always imminent as well. I would also not be totally shocked to see the market just continue down from here. However, these are my thoughts based on the current look. Will be watching and updating.
CAPITALCOM:US100Long
by TraderFromTheNorth
55
Nasdaq: 6-week correction vs. 6 monthsFrom peak to trough, the CME_MINI:NQ1! -- Nasdaq Futures -- saw a 32% correction. We're at 29.9% right now. Back in 2020, it took just six weeks to flush the market down to some level of support & demand, which coincided with the 200-week moving average. For this correction, it took significantly longer -- six months and we don't necessarily have the return of demand...yet. Will it come at the 200-week again? It's at least one area to keep an eye on IMO.
CME_MINI:NQ1!
by bkenwell