32,741 and 35 cents: BTC Golden fib bulls MUST hold at all costsWe have crashed thru many fibs since the top at 69k.
Now approaching a "Golden" ratio (1.618 multiple).
Bulls MUST hold it (or orbit it) for any hope of recovery.
The Genesis fib helped call the EXACT Top at 69k (must see this).
Few posts before called the 52.8k Breakout (another golden fib).
In April of 2020 we knew 12.6k Break was the key to next bull run.
For your own copy of the Genesis fib, use this Single Page version .
Go under the Share icon (3 circles) and then choose "Make it Mine".
.
Ratio
TRB crawling out of the basement. Bottom In? $35 the key levelTRB is fighting a key resistance zone around $35.
Major Golden fib (thick 1.618) plus local golden 6.853.
Break and successful retest would confirm "Bottom In".
Plotted are 3 different fib series from different timeframes.
Thick lines are from very high tf so they have the most "gravity".
Red lines are from last wave down, thin gold+blue of last wave up.
.
I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
.
The Inverse SPY: YPS ETF is Outperforming YTDAs the title says, the YPS inverse weighted SP500 ETF is currently higher on the year than than the SPY. Something to take note of moving forward to understand where money is flowing.
Another way to study the relationship is ty type " SPY/YPS " into your ticker bar. Ratios tell a lot and respect trend lines and support/resistance just like any other security.
I hope your holidays are filled with love and joy!
Pulse of an asset via Fibonacci: SPX true 4.236 correction done?"Impulse" is a surge that creates "Ripples", like a pebble into water.
Each of the Ripples has precise bounds defined by the "Golden Ratio".
Until a new Impulse occurs, the Price oscillates within "Energy Bands".
The Golden Ratio is the underlying building block of the entire Universe.
From the Arms of a Spiral Galaxy, to the Bones of Your Fingers, it's in there.
If there IS a God, then we will surely find Him/Her/It thru the Golden Ratio.
Shown here is the SP500 Index, and the correction started by a Covid variant.
500 large companies, each with hundreds of variables, worth trillions of dollars.
Yet, the "Answer" to that ridiculously complicated equation is "The Golden Ratio".
4.236 is the most common wave endpoint, so the correction may well be done.
The numerous "Pings" along the wave front confirm the validity of the fib series.
The "Impulse Core" (the golden pocket) will be the strongest resistance in this area.
.
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
.
Money rotating from cryptos to precious metals gold and silverWith rising inflation the price of anything is not likely to go down, especially inflation hedges like cryptos or precious metals. The question for the savvy investor, though, is which will increase faster by percentage? To help navigate this, I created this custom Precious Metals to Cryptos chart, with gold and silver representing PMs at their respective rations, and likewise with Bitcoin BTC and Ethereum ETH.
As you can see we are in a falling wedge here. Usually such formations break to the upside (bullish for PMs), however it may be a bit soon for such a break (bullish for cryptos). I almost posted yesterday before this huge spike up because it was looking like the beginnings of a bottoming formation (bullish for PMs). However the price ratio failed to break the downward momentum (bullish for cryptos?).
Obviously things have been great for cryptos for a long time. It could continue, but past performance doesn't predict future results. If they did, then cryptos never would have outperformed gold in the first place. So when this all will change is anyone's guess. What I see however is the beginnings of a small but significant reverse head-and-sholders (bullish for metals). This is on top of my other charts pointing toward Q1 2022 looking very bullish for PMs. However there is some time to kill before Q1, so it could be worth it to stay more in cryptos in the meantime.
Of course, cryptos and sell off quick, sometimes before you're ready.
Do not come to the elves for counsel, for they will say both yes and no. That's me.
And what I do, is trade between metals and cryptos directly with the Kinesis platform so I never get caught holding the wrong kind of bag. Check it out here: kms.kinesis.money
Good luck out there, this is not financial advice, but stay safe (perhaps by diversifying) ;)
$gold - $silver ratio BT waistline of yuge megaphone, down!Huge make a phone there with gold silver ratio currently back testing it’s waist line which is also the waistline of a channel that is evident on the six monthly candles
If you go to my Twitter then you can see the zoom in the spot where it shows a wedge at that area last in the last several months that is likely to be a very bearish continuation
Dxy Is added as a factor to adjust for currency fluctuationsWe typically cleans up the signal on relevant assets
Sell XRP - buy XLM !!You will wonder !! How can he say 'sell XRP' when he has been holding XRP for years (and topping up his holdings constantly) ?
Now that SEC case is approaching resolution !!
Last time I bought XLM (selling XRP) was October 2019 - I bought 4 XLM for every XRP that I sold !!
Then I sold XLM (buying XRP) just when the SEC case began at Christas 2020 - WHEN 1 XLM BOUGHT ME 1.5 XRP !!! THAT WAS A DEAL !!
Now that XLM XRP pair was approaching the green box I intendet to sell 12.5% of my XRP to buy more XLM (mild trade).
I made a mistake and the move became aggressive !! I tradet 25% of my XRP for more XLM !!
I was almost regretting my move when I found some very interesting details:
LOOK AT THE GREAT PICTURE !!
XLM XRP is forming a BIG inverse Head & Shoulders pattern !!
We are now at a low point in the ratio forming the right shoulder !!
This low point corresponds at the apex of a bullish descending wedge (yellow formation)....
... of which the ratio just broke out and backtested this morging !!
Backtest was successful because after the short XRP rally, XLM is againg taking the lead !!
I GENUINELY THING WE ARE IN FOR AN XLM SURPRISE !! (But keep cool - still my portfolio is 45% XRP)
But now my XLM holding has been augmented from 8 to 25% !!! Whish me good luck !!
NQ - Priced to Discounted Forward EPSIt is rare when one can have their Cake & Bacon.
NQ performs this feat with Aplomb.
It is an amazing effort, the same around every EPS Season.
Lowering Guidance repeatedly while failing to make it widespread panic.
Discounted Future Earnings via Yields, while managing to swim itself out the
Abyss... remarkable.
Semiconductors had an Abysmal Q3. INTC's report was a comedy all its own,
after lowering guidance to Analysts 3 times... they finally managed a number
@ 1.11 for the Chinese Wall, only to exceed it by 60 Cents @ 1.71 - Surprise @ 53.61%.
Whee... but but but.... it was Wang Chung'd during Globex.
The result of this nonsense - INTC was sold wholesale from 56.07 to 50.75.
- www.youtube.com
VIX:ES - Ratio = Correction DEAD AHEADAS Spot VIX moves into the Gap Fill, the ratios are experiencing an
extraordinary out of balance situation.
This is due to both fear and greed.
Greed in Gamma.
Fear of Reality.
Buckle up, a large decline continues to gain traction while the Riggers
do their best to tip the Boat to one side.
Justa - bout Mission Accomplished.
Near perfect setup in VIX for 200% Gains
The Oil/Gold ratio, a path guiderFollowing our earlier post from last week on the 29th featuring a chart of the Oil/Gold ratio, we can see that we are back inside that trading range. Watch this 19-min video for more clues on how to trade the changes that could affect markets in the coming weeks in terms of volatility and trend direction.
HUL - Long - awesome RR Ratio HUL building up momentum. Thanks to lockdown opening up, HUL seems to be gearing up for a big target. Strong volumes around 2525 suggest institutional buying. Long HUL above 2525 with Volume and strength for target of 2690 / 2850. A small SL @ 2470. Great RR ratio. Close above 2525 with volume and strength looks high probability for mentioned target.
Custom PM vs Cryptos chart heavily favors gold, silverHere is a chart I put together and have been keeping an eye on for some months now. I was able to predict the recent bottoming formation which has held up nicely. The chart is adjusted to reflect the current gold-silver ratio, putting them on equal ground, and similarly with the btc-eth ratio.
As you can see, the rise in precious metals versus cryptos has happened significantly in the past, by some 637%.
I know people want hard numbers for this prediction, but that's impossible since there are 2 main factors: The price of metals and the price of cryptocurrencies (namely the top 2 here). Maybe one goes up and the other goes down, or they both up but relatively one more than the other.
What one can surmise from this chart however is that it currently looks still very bullish for precious metals versus cryptos. This is backed by fundamentals such as the shifts taking place with basel III, metals held in an extended accumulation phase, and bitcoin and etherium coming down from it's blow-off top.
New Custom Precious Metals vs. CryptocurrenciesThis is my new favorite custom PMs vs cryptos chart method. It adds together gold and silver multiplying the latter by the gold:silver ratio so they are on equal terms, and similarly with bitcoin and etherium, with eth multiplied by the current btc to eth ratio.
The chart is looking to complete a cup-and-handle formation, which would be bullish for precious metals over crypto in the short-term. Looks like cryptos could very well win out in the long-term. A prudent trading strategy would be having the ability to trade between them quickly, easily, and with the ability to set market orders.
In order to trade btc, eth, with allocated physical au (gold) and ag (silver), along with the fiats usd, eur, gpb,
ALL ON THE SAME PLATFORM
I use Kinesis: kms.kinesis.money
Happy trading!
This is not financial advice.