Power law and the halvening theory In 2021, I was convinced that the power law model had been broken and wrote it off as invalidated.
But when I turned on the halvening date indicator, it marked the exact top of the last market cycle.
Coincidence? I THINK NOT!
Get on the gravy train now! Next stop $300k motherfucker!
Pull
The PULL On BULL Pair?USDJPY has always been a Strong pair since the early start of 2022, and has shown fewer pull back since the RUS-UKR war.
Regarding current market condition, economy seems to slow down which heavely impacts many through the rapid change in currency market. USDJPY has shown a bull move through last week which i showed in my previous post that would happen which indeed did.
Now the questions stands wether there is will be pull back or not? In my opinion we could see a potential break in the price hense, keeping in mind, it is now it the previous high (POI) zone, which normally grunts downwards but also with the factor of so many factors on first opening day of the week it may show another bull move before a pull back.
But, Again, this is only Theory and yet to be proved which would also describe my ability in the market to analysis. now i will post for other pairs after this post. hope you see them.
thanks
NQ1! -As we can see the market-tested more than twice the resistance and the VWAP which means that the market is preparing for a bullish trend, also we see that a huge volume comes up (in green) compared to the other ones of this day that confirm this idea
- also we can see a significant wick touching the vwap and having a pullback on it
Therefore we should Buy NQ! now
EU Bull Pull BackThis chart focuses on the Forex Option Expiries as published; the green dotted lines are Mondays, and the orange is Tuesday, the low range is about 750M, and all others are 1B+.
With the dollar currently being strong and equities doing well, I struggled to wrap my head around this potential bull pullback. However, a brief taking of the profit for equities and subsequently a drop in the dollar makes some cents, and I am inclined to think the big boys will not let those "B" targets go to waste and then the bucket would be filled.
My crystal ball isn't at all clear on this however it's what I am plotting.
WAVE 4 PULLBACK LOOK FOR 3410 NOW TO END RALLY Well my 200 week band model called for a top into 3332 to 3334 high 3337.77 this morning drop is now wave 4 from oct low and will now see a target of 3410 to 3408 to mark the cycle peak for the first quarter into feb 8 to 11 now /I have now moved to a 100% net long in premarket with the sp down 50 I will add a 10 % margin on this trade at 3228 area to 3222.BEST OF TRADES
BTC Mission Accomplished -> Pullback Trade BTC Pushing the top -> Reaching for the high's prior to the futures trading
I anticipate futures trading launching December 5th 2017 to create a third dimension of the market. It will create a flotation device for armature traders. You will be able to know what the market will do based on another indicator. This will also introduce an institutional outlook to help us make decisions, as well as give people the indication of when to take profits, short or cover their shorts. For traders this is great news. For HODLers it will be a wild roller coaster ride of volatility.
We also have received news such as the US Government trying to crack down on BTC profit taking, as well as large amounts of coins being stolen from exchanges, BTC seems to be brushing it off... Oh well....
Soooo....
Our job is to predict where we will land once this is all over.
When in doubt, look at the moving averages. As per my pervious chart, we took BTC long $10,200 and the target was between 14-15k wherever you feel comfortable either partial your position or close and switch sides. Nice $3,800 Profit
I personally closed my position at 14K and took BTC short at $13,800 for a nice $700 per coin profit. Which I also closed out. I want to be completely sure that my short position is 100% accurate. I also anticipate us to push to $15K over the next few days before futures trading is in.
Moving averages indicate that we should be around 8-9k
Long term moving averages indicate we should be at 5k
If this market continues to push forward and does not do a pull back I quit cryptocurrency.
After the top is in I expect the market to touch the 100 day moving average on a 1 day chart. Until then no more charts....
Much love and luck to all my followers!
Bitcoin; BTCUSD Breaking to upside . worth following nowHaving totally blown most players clean out of the water with the biggest fake out in history, it's getting ready to go again -
if you are. .. it's come back to exactly the same levels that the Chinese were buying at last night...7077...
put a buy order in at 7090 with stop about 50 points lower and it may get filled later on if it comes back to
make a double bottom first before it kicks higher again. If it does and 7077 holds up
the first upside target is 7415, so about 300 points upside and 50 down, if struck and not stopped out. Otherwise, the safer
strategy is to wait until key resistance for the near term at 7430 -7340 has been overcome and then look to go long on next
pull back towards 7430 with a stop justunder 7390 for a 40 point loss before spreads if wrong, but 400 points potential
upside. In nearer term Bitcoin is trying to rally from the start of today's structure at 7077 and then flipping down again at
the 50% mark half way of the day's range. So it's now stuck in the weak half of the day's range, and, interestingly, is flipping
within the same support/resistance lines drawn only notionally about 6 days ago now and yet still exerting some real power
over short term swings if you've been watching this. Only once it can get above 7430-7440 should it calm down some and start to
regain it's equilbrium and be worth following, as above - otherwise we need to see a double bottom forming off 7077 on the
next retest to risk going long, as outlined above.The support lines have worked well so far, with a fall below any listed level
leading to a test of the next listed level pretty much wiithout a miss so far, which is plain weird, but untilthey they stop
working... as above, 7077 is the important support for the near term and into early tomorrow - if broken it falls to
6928-6920 which is absolutely critical support forthe more medium term (in Bitcoin time short/near term is 1 to 4 hours,
medium term is 1 to 2 days - it's a parallel universe, forgive pun) and so if last-gasp support at 6920-6900 gives way at
any point all long bets are off the table fast - it should lead to a collapse back to 6312 at least and quite possibly back to
6165 on a spike at which point althe structure shown on the chart will have been blown away and we can start to build
again. But that only happens if 6900 fails, at which point it becomes a compelling short.it's been a hell of a day and it
ain't done yet. There's 3 more hours to go- and Bitcoin's still up 190 points on the day so far.
Thought we had this thing in the freezer and every time it gets back out wielding a chainsaw: Jaws on crack with
Scarface's personality traits. That was Bitcoin today. And other days she can be so sweet natured. Back on the hunt.
GOLD / XAUUSD Additional (3rd) pullback zoneSince the last (2nd circle) pullback zone around 1271 has been failed to be re-tested, we will be looking at a potential next pullback zone around 1267.5. Price should breakout this zone below, pull back into this zone, wait for next hour candle to close below this zone and then seek for SELL entry based on this verified breakout on a pullback.
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