#Bitcoin 3 Phases Theory 🚦Today I saw a headline that surprised me "The current bear market has become the longest in the history of the crypto industry"📰
And I had a question about whether they were living in the past, or where they saw the bear market.🤔
💡I want to remind you that it ended with a duration of exactly one year, just like the last cycle. And it was much shorter than in 2014.
Now CRYPTOCAP:BTC is +70% from the bottom, this is a classic phase of accumulation.
Seasonality
Traeger | COOK | Long at $2.50Traeger NYSE:COOK is in an accumulation zone and approaching a change in the downward trend based on my selected simple moving average. Insiders have shown confidence in future price improvement by buying shares and being awarded options in the low $2s. With a 58M float and anticipated earnings improvement through 2027, this ticker may be poised for a run soon. There is a tiny gap in the daily chart between $2.19 and $2.20 that may get filled before then, but Traeger has a strong brand name and can be found in multiple big box stores. A slowing economy may dampen this move in the near-term, but NYSE:COOK is in a personal buy zone at $2.50.
Target #1 - $4.15
Target #2 - $5.00
Target #3 - $8.50
Target #4 - $19.00 (very long-term...)
NVDA is below the split lows and the daily 50 SMA.NASDAQ:NVDA confirmed the daily 50 SMA down today, following the NASDAQ:SMH last week. NASDAQ:NVDA also lost the split lows in similar fashion to NASDAQ:AVGO last week. The weakness in semiconductors contributed to the sell-off in technology names today, which provided an excellent opportunity for shorts. Watch for any gap ups in technology names to get sold off and confirm the previous day's lows, which will confirm the short for further trades to the downside, as we enter a seasonally weak time for technology.
Seasonality and Elliottwave pattern show correction for SP500We saw SP500 breaking to new ATH this month, but then market sharply reversed which is not a surprise as index formed an ending diagonal at the top of the recent rise. These type of the patterns are very powerful, and can cause a strong "unexpected" erased of some of the previous gains.
Well, we can see an impulsive reversal on smaller time frame, so be aware of more weakness and deeper correction this summer. Sesonality chart also shows that there can be period of consolidation before market resumes even higher, possibly in September when FED may cut, or during US ellections.
Grega
Maersk daily pitchfork bottomSo many touches and measured moves fitting in this pitchfork makes me believe it might stay important. Maersk could be hitting the bottom line from the minor pitchfork and the bigger one at the same time, which is in the area of the "flip" zone and right shoulder of a possible inverted SHS. This would end up being a swing down of approximately 3300 DKK and Maersk swing sizes often range from 2700 to 3700 DKK. We have a range (possible accumulation) on the weekly chart with price expansion, so I wouldn't be surprised if it goes lower. If that ends up being the case, I'll go long when price break above the zone again. We might also be "close" to the end of the bearish cycle judging from the last two full cycles on the monthly chart, but that is a rough estimate and it could stay bearish for another couple of years.
I'll properly go in gradually and watch how price/volume evolves in this area. There's some old important lines coming in a bit lower, so I won't be having a fixed stop from the get go. I'd rather go in small and buy more from lower time frame setups. No mather what, I'm pretty keen on building a long term position down here.
July Seasonal Long Copper HG1!: Seeking Gap & clean highs-We retraced down to 50% of the 2024 up leg, finding support.
-We neatly found support at the Volume imbalance W and the midpoint of the Fair value gap M, circa 50% of said 2024 up leg.
-July has a strong bullish seasonal tendency.
~The plan would be to take partials (half off) in the gap (FVG- fair value gap) circa 4.75; and move stop-loss up to trailing.
~If this runs up hard & fast, ideal target would be the high time frame clean highs 5.24
~Timestop: End of July marks end of seasonal bull, so depending on the price action context, i'd be inclined to close the trade as we enter into August.
~If this proves bearish and i'm wrong, I would close the entire position if we come any lower than a mere peep below the late June low; stop-loss would be at 4.31
**B-ADJ toggled ON; SET toggled OFF.
**Just an idea for paper trading purposes, not financial advice.
Signs of strength for AMDAMD has been a laggard in the semiconductor space. However, since the bear market low it's been in a clear bull trend despite being outshined by NVDA.
It's discernible that AMD may have some cyclicality in its price action.
For the first 256 trading days from the 2022 low AMD found a high on day 161 and went into a bear trend until day 256. We are currently on day 164 since that last low. Originally I believed we topped early and would form a new low around day 256 like the last period.
AMD not rolling over back to 140 forming a base is a sign of strength. Who doesn't love a good catch up trade.
Aug 16 180C.
Invalidation is if we drop below 160.
BTC : CurvesHere is a cyclic curve lattice used to identify historical and future support/resistance levels that can assist us with our trades.
The chart is unraveled on the 4 week time interval and the logarithmic price scale.
Every historical curve shows at least one critical price action reaction.
Here are the most important, all but one relating to candle wicks...
Green curve price action reactions :
Red curve price action reactions :
Future cycles are carefully estimated using Fibonacci measurements.
Finally, thank you to my followers and to those who enjoyed viewing this idea.
Feel free to give it a boost if you like it.
// Durbtrade
June seasonality pivot approachingOne of my big technical analysis passions is time analysis and time cycles, and I tend to follow them closely. Some of these are very helpful when in combination with other TA, to find reversal points at any given time frame, even though I don't do intraday trading, so I focus on big swings, though bigger time frames.
Bitcoin's periodicity is remarkable, and we can generally find important pivots points during seasonality shifts. One of these season shifts occur in June and has been occurring for the last few years, marking the start of important swings. This seasonality shift is generally very powerful and has the power to mess with some other lower time frame cycles, such as the 60 day cycle, so at this specific time of the year we should expect some LTF cycle non-sense. This seasonality pivot is expected around mid June, so a lower low is expected around that time.
Around the seasonality pivot we can look for price targets with other techniques. Past 45º trendlines, and Elliot wave theory targets are some of my favourite ways to find support levels. As of now, my pivot projection lies at mid June within the 50-55k range. More accurate EW targets can be determined once the current high is confirmed.
Bitcoin tracking of the beast!By adding the arches for perspective makes similar to a bollinger band, bitcoin appears to be following a fractal pattern close to 2015 but stretched out over a longer time period. Cycles within cycles the micro forming the macro fractal. Observe the bar pattern simularities. Now it forms and finishes off its pattern with a the smoother climb up and out over time as seen with 2017's bull run.
$BTC Summer '24 rhymes with Summer '23 - despite FUD, NEWSQuick CRYPTOCAP:BTC price action on the weekly chart. Technically speaking, we're looking to set a local low. Fundamentally, we are suffering from FUD around Mt. GOX coins and other institutional holders, like Germany. It’s only a few days worth of aggregate volume but the specter of a dump is spooking the market and encouraging the bulls to wait.
To me, despite all the news, we look very similar to the March-October period of last year, where it took 3 attempts and establishing 25K as floor price, before finally breaking through the strategic $30k level. This summer, we're likely to see a similar movement play out, establishing $50k as a floor before ultimately breaking above the strategic price of $70k. Perhaps in an inverse head and shoulders fashion.
Update Tesla stock after profit takingWith this idea, we can easily see the confirmation for a breakout in the weekly frame, which is usually true when the price has passed through the boundary of the second butterfly wing according to this butterfly pattern.
In addition, I have a profit taking level according to this model combined with a 4-year cycle.
Good lucky.!!
Update plan with TeslaUpdate plan with Tesla
Tesla stock has touched the daily line which is good support, however you need to consider taking partial profits when the price hits the price holding zone that is eventually broken down which is also the horizontal resistance level. In case the price continues to break out of that horizontal range, we will continue to hold the order. On the contrary, if the price does not break through, we wait to buy in the demand area 128-122 and hold the order until the end of June and the end of July.
Good lucky !!!
$BTC Summer Gets Decided in the Next 30 Minutes!Bitcoin Bulls have 30 minutes til the Weekly close
Closing below the bullish trendline confirms the 10% downwards move to retest $50,5
RSI shows room for more downward pressure ahead w/ the close below the Bull Market Support Band
If $50,5 doesn’t hold, it will be a 20% dump to retest $45k
Or 30% to $38,5
As mentioned prior,
CRYPTOCAP:BTC will range these levels til September.
NOW is the time to allocate accordingly.
A new Crypto Bullmarket HAS already started.... When talking about Bitcoin or Crypto in general you usually will hear something like this from Traders/Investors that are bullish on Bitcoin: The Bitcoin halving every 4 years initiates a new bull market. By that logic a new Crypto bullmarket should start in late April of 2024, when the next halving is due, right? However, if I look at the price behaviour of Bitcoin prior to its last 2 halvings (2016 and 2020) I can clearly see that the actual bull market started 18 months prior to those halvings. Projecting this to the 2024 Bitcoin halving it would mean that a new bull market HAS already started as the markets bottom should have been end of October 2022 at around 18-20k... yes, we went still lower than that thanks to FTX, but up to now this theory still passes the test of time.
Another thing that, in my opinion, is aligning up perfectly: The FED interest rate cycle.... after now having higher interest rates (5.25 %) than the YoY US inflation (4.9 %) we should see interest rates staying stable (maybe there is 1 more hike coming in June 2023).... looking back in history after about 8-15 months the FED usually started lowering the interest rates again, which then initiated a shift from risk off assets to risk on assets (stocks & crypto). The shift back to a cycle of lowering interest rates will fall nicely together with the Bitcoin halving of 2024 and will probably fuel the bull market additionally.