BTC/USD Bitcoin bull-run peak and the next 1-2yr downtrendI haven't posted anything in a very long time so here goes:
We can clearly see that BTC/USD is still continuing to follow a Cycle Pattern of 8-Bars (8x 6 month candles) so around 1461 days of a full cycle. Note that each half cycle is between 730-731 days.
Following this pattern, technically the BTC/USD Bullrun should peak on the 6 month candle starting July 2025. This does not mean that the upcoming 6 month candle before starting 1st Jan 2025 has to be bullish, only that the next 6 month candle starting 1st July 2025 ends bullish or at least creates a new ATH within that 6 month candle.
If this pattern holds true, the 6 month candle starting 1st Jan 2026 will take us into another 1 1/2 year to 2 year long downtrend until the cycle reverse to the uptrend on the 6 month candle starting 1st July 2027. But as we can clearly see, the bottom of a downtrend can potentially be on the previous 6 month candle before the upwards Sign Wave such as we have seen previously on the 1st Jan 2015, 1st July 18 and 1st July 2022 6 month candles.
That's it.
Enjoy.
Pitchork
$TSLA not done going higher. $320-$330 by July 24. GET LONGSo we already know that Tesla deliveries came in 9000 more than what was expected, 438,000 expected verse 447,000 that Elon Musk posted on Twitter a couple weeks ago. Last quarter earnings per share of $.47 was slightly missed, and on July 23 they’re expected $.60 per share earnings. So IMO, That could indicate that even a slight earnings beat on revenue and earnings, would propel the stock to complete wave three at 2.618 Fibonacci level.
never mind, the whole Robo-taxi delay, which caused an 8% decline on Thursday along with the rest of the Big tech Nasdaq. I don’t think robotaxi is realistically a factor in their valuation just yet.
Long $ENPH till day after earnings report July 24.There’s is a huge lift for all battery and renewable energy companies right.
For example, META hired Evercore EVR, to the tune of $54B to build out 11 square mile solar powered data storage facilities for its push into A.I., which requires a lot of energy to run AI.So there’s a ton of money from the large cap MAG 7 companies going into this industry right now.
Based on the volume profile and the fib levels already breached, i would easily believe if ENPH just slightly beats rev & earnings, and has decent guidance.
$QQQ Quick Market Crash from TOMORROW (or Fri) Till June 4th1. Everything fits perfectly into place from a Fibonacci POV.
2. Jamie Dimon (who likes to give passive bearish opinions) said today that he thinks Private Credit debt investments, like BCRED, Pimco Flex Cred, which are basically Privatized bonds, could become an ugly nightmare for grandma's or innocent investors, that are trying to get their money out and can't because of liquidation limits. Liqudation limits have been put on the Private REITS already (BRIET and Starwood Capitol REIT). But Private Credit Funds are made up of the same bullsh NYSE:T as in the movie "The BIG SHORT", those are collaterized debt obligations, that's right.
3. Interest rates, specifically the %-!) Year Treasury rates have SPIKED the last 2 days and mortgage rates will certainly follow suit, making home buying even harder. (again).
This will cause an already shaky real estate market, even shakier.
"SHAKE SHAKE SHAKE, Shake yo Booty"
4 This Bearish correction trend should start sharply with the initial drop ending at around Tues, June 4th, at approximately between 10am - 1pm.
5, In total, after a B wave up, we could see a bear market into Middle to End of July.
6.
a. My bearish trade will start with Credit Call Spreads, Aug 19th expiration, with the short calls at 0.25 Delta, the long calls will be around 0.10-0.05 delta.
b. Then I may take 1/2 of all that premium and start buying deep OTM puts with same expiration, and then just buy and sell those into July, but keeping the Credit Call spread in placed till 21 DTE, approx July 20th, when they should be near worthless.
CIMSA 1D | The Green BoxCIMSA 1D | The Green Box
It seems that we’re going down a bit because of recent interest rates in Turkey and it can continue to pullback as I think during the election period. If the price will continue to rise up, it is important to be reclaimed the purple box above. If this happens, my first target can be the median line of the Pitchfork.
Chart Hi-Res link:
BTC/USD 1 Week ChartOn Monday, BTC had finally crossed above and broke through its major resistance area located on this 1 week charts at $32,415 - $27,785.
Note:
BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern.
BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern.
Take Note of the Liquidity Voids.
Note that the 50MA is moving upwards so if we continue having positive momentum, we will eventually see a Golden Cross on this BTC/USD 1 Week Chart when the 50MA (Yellow Line) crosses back above the 200MA (Red Line).
Here is a closer look at this BTC/USD 1 Week Chart.
RSI:
Note that the RSI has crossed into the Overbought Zone. Don't panic! The RSI Line can continue continue going further upwards as well as range sideways in this zone.
Up/Down Volume:
S&P 500 Daily Technical Analysis (UPDATED)ES (SP 500) Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Pitchfork, Gap, Fibonacci Retracement / Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
S&P 500 Weekly Technical Analysis (UPDATED)ES (SP 500) Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Fibonacci Retracement, Pitchfork - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
Quick analysis on MARKDear Qatari investors, you can notice with me on the chart that the price on MARK kept breaking down through the pitchfork levels and it's about to break through the 1 level.
Instead of putting you money in it, invest it in the other stocks where you will make profit instead of holding on loss.
My customers and I on the accounts I manage have got in some markets the past two weeks where we could make 10%.
So please instead of losing your money, get a good consultaion and invest in the right markets.
Quick analysis on QIGDGood afternoon dear Qatari traders, I'll be posting some analysis concerning the local stocks I get asked about a lot these past days.
Starting with QIGD, too many people have entered in a level they shouldn't have buy in and now they're stuck in it since they lost too much and want to recover at least 50% of their money.
You can see on the chart that there's no chance to buy QIGD since it kept going down and broke through the 1 level of the pitchfork heading to the 1.5 level.
Please before you put your money in a certain market make sure to get a good consultation.
VRA:USD Mean Reversion Targets: +120% / +500%, Algo: +3x / +80xVeracity looks set to pamp! There's multiple golden corner mean reversion trades in play with 80% odds of hitting their targets (as long as the lows hold). This Elliott wave count suggests that Verasity could be entering the most explosive wave, the 3rd with multiple algo targets above. In the past I've noticed setups like this often fail to hit the LOG targets for a 3rd wave so I have left them off this chart and am instead focusing on the higher probability mean reversion and algo targets.
Key points:
2 Pitchfork mean reversion trades in play, these are the highest probability trades. Great R:R
2 algo targets in play, these are the second highest probability trades.
Potential for explosive 3rd wave
Expect resistance at the first pitchfork median line as the weekly resistance is also in line with this target
Expect heavy resistance at order block (also contains bear golden pocket)
Risk of lows being swept, re enter on a 1-2 retrace if this happens.
The high level Elliott wave targets are $4 & $32, I DON'T BELIEVE THESE WILL BE HIT.
The trade:
Entry 1: as close to the golden pocked as possible, current price: 0.0042500
Entry 2: wait for a .618 retrace if lows are swept and price rebounds.
Pitchfork Target 1: 0.008788 (moving higher): 8.7R
Pitchfork Target 2: 0.25 (moving higher): 38R - THIS IS THE BEST TARGET, best odds, should play out even if this is corrective & there should be a decent retrace when this hits.
Algo target 1: 0.017: 24R
Algo target 2: 0.35: 647R
Elliott target: 0.056: 97R
Stop 1: 0.003787
Stop2: below the .707 of the swing from the new low if sweep happens
Risk management: the stop loss is a significant drawdown @ about 11% so compensate for this by entering with a smaller position (risk no more than 2% of account balance for the drawdown)
If given the opportunity with additional .618 retracements add to position & move stop to new .707. Take profit at targets and re enter on pullbacks.
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Bitcoin - Pitchfork and Bullish Flag (You haven't seen it!)
On the chart, you can see my Fibonacci original pitchfork on the logarithmic scale, starting from the bottom at 15476. As you can see, this pitchfork is very well respected, sometimes pretty much exactly to the dollar. The power of a pitchfork is real on Bitcoin. I use Fibonacci 1, 0.618, 0.382, and 0 values for it.
Right now, the price of Bitcoin is still bullish because the pitchfork is clearly holding, we can see a bullish flag / parallel channel on the recent price action, and what's more, we have an ABC correction that has been completed successfully. It's a good bullish setup for longs, but we all know that if the price falls below the pitchfork and below the ABC wave, it's going to trigger a massive crash to 15k! Bitcoin is overall pretty weak compared to gold, which has already almost hit an all-time high while Bitcoin is struggling.
In all of my analyses, I always give you a very strong technical analysis that no one else does. I keep my description pretty short, so you don't spend too much time reading while all the necessary information is included.
It's really best for bullish flags to be together with an ABC correction of ZigZag types. This will increase the probability of success.
Maybe I am wrong and Bitcoin is not going to pump, but it's totally okay as long as your risk-to-reward ratio is above 3. You can be right only 40% of the time to be a successful trader. Most people think you need to be right 80% of the time, which you can, but your risk-to-reward ratio will be only 1, which gives you a very small profit for each trade. I prefer a higher risk-to-reward ratio with a lower success rate.
I do analyses for the bulls and for the bears, and now it's your work to do your own analysis and open trades. I give you good reasons for the bullish and bearish scenarios. It can sometimes look like all I post is that I am sure about it, but it's just a part of my personality.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
No clear trend other than upBitcoin CRYPTOCAP:BTC looks to have turned the corner, however there is no clear pattern other than an under-developed pitchfork. Likely at a near top for the short-term daily. Great deal of horizontal support and moving averages support at or above 20k. Should this bullish trend play out there is a high probably of testing 24k and moving upwards over the next several quarters into halving, interest rate cuts, and dollar TVC:DXY weakness
CORN FUTURES Weekly Technical AnalysisZC1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Pitchfork, Modified Schiff Pitchfork - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
🛠️ Trading Tools Cheat SheetFibonacci Levels, Pitchfork, Fibonacci Arcs, Gann Square, Gann Fan, and Elliot Wave are technical analysis tools used in trading to identify potential levels of support and resistance, anticipate future price movements, and make informed investment decisions. These tools are based on mathematical calculations and relationships between price, volume, and time. They are widely used by traders to gain insights into market trends and make investment decisions based on past market data. However, it's important to note that these tools are not a guarantee of future performance and can produce false signals, so they should be used in conjunction with other forms of analysis and with a solid understanding of market dynamics.
🔹 Fibonacci Levels
A technical analysis tool that uses horizontal lines to indicate areas of potential support or resistance based on the Fibonacci sequence.
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A technical analysis tool that uses three parallel lines to identify potential levels of support and resistance and to anticipate future price movements.
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A technical analysis tool that consists of several curved lines that originate from two extreme points (high and low) and converge at the fibonacci levels.
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A technical analysis tool that uses a grid to identify potential support and resistance levels and to predict future price movements based on the relationship between time and price.
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A technical analysis tool that uses diagonal lines to identify potential levels of support and resistance and to anticipate future price movements.
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A technical analysis tool that tries to identify patterns in financial market data, particularly in stock market prices, which in turn can be used to make investment decisions. It's based on the idea that market prices move in predictable waves.
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XRPhilharmonics and the Crypto Symphony OrchestraSeriously tho, LOOK at that harmonic!
Would have been nice to bag one final TP at the 200 ema buut we had some nice profs and DCA'd into a decent short hedge close to the top of this last wick. See how we do eh?
Some fundamentals here :
1. SEC v. Ripple could be larger than I'd anticipated even though the shifty regulator supposedly only has jurisdiction over US, so . .
with that being said, the issues relating to regulatory clarity should bring high volatility before AND after any kind of adjudication.
2. Large volumes of XRP continue to shift and fundamentally, the ecosystem / XRPL has no shortage of development activity and
the projects that rely on XRPL just continue to expand. I'm a Python guy and have been using XRPL to better understand what's
under the hood. I've looked into many other projects including Stellar (XLM), Thorchain, et. al. and by far and wide, XRPL seems to
be the most impressive. I know you ETH guys might chirp about that but I've mucked about with Solidity, smart contracts, etc. but
truth be told, I've never liked having to deal with ERC-20's, too spendy, slow and labor intensive for my liking. XRP = fast,
cheap and easy, the way we like em ;)
3. FTX lawyers got green light to liquidate holdings in order to get square with their creditors. Crypto ALWAYS pumps ahead of a mass
distribution event and I don't trust this most recent market pump. It just "feels" dirty.
Getting back to the technicals, any other Fibonacci fan can tell you to follow the retracements but I'm a fork guy as well, love the Schiff's
so looking at the most recent price action, I'd be looking to re-accumulate at lower levels if that big massive Harmonic elephant in the tub
starts to really move.
We've got our long cold bags and added some on that last 0.33's range but don't be surprised if we head back to the garage days (sub 0.20)
and see some big buying ops down there in the basement. Hedge your bets and don't be afraid to lock value on your longs with a few shorts.
Enjoy the fireworks and as always, not investment advice.
Box out . .
US Dollah, WTFork Mate?No fundamentals at all, just a look back to 2020 and where we might be headed near term.
I know the PPT will do what it does but I'm eyeballin' the convergence of some really low hanging fruit metrics
- EMA
- Fib eyeball retrace from long term lows
- fork action long term
- long term Cup & Handle post breakout
Just DCA my dudes and avoid an "all-in" on this maybe.
GL!
* * * not investment advice * * *
XRP | Unlocking the Secret Bonus LevelWelcome XRP friends! Wondering where we're going? Here are some things to consider :
As we come out of our US Thanksgiving Day food comas, we're looking at some decent gains on the most recent run BUT, you're asking if this is it? Honestly, I think it still has legs for the 0.45 area where we find resistance at the 200 EMA
Look at the fork and see if it makes sense to go there, I think the Fibonacci's all suggest it's possible.
Remember, XRP ALWAYS pumps before mad dumps and there's still a ton of overhead selling pressure if you look at the VPFR, Look at all the volume that went into the 0.50+ range before the most recent selloff.
Check out recent statements by Ripple CTO regarding ETH looking more and more centralized as a result of much of the network relying on AWS servers. What a comedy show and Vitalik looks more tarded with each passing day.
Bitty is also having plenty of negative light being cast, I can't see us NOT having more down.
Anyway, see you at the bottom . . eventually