SPX Quarters and Moon CyclesSPX in a rising wedge, same as BTC could see a rally to the top of the wedge and breakdown on the new moon/Vernal Equinox. Typically we see a local bottom/rally on the first new moons of the new quarter. The measured move of a breakdown of the rising wedge brings the SPX into the golden pocket retracement level which could get hit on the full moon of April 6th marking a local bottom.
Seasonality
My 2 cents on eBay It's technically a quite bullish chart. The price has established an higher low, has broken above the 30's SMA and has broken the descending trendline, re-tested it and now it seems like we're in the game. ;)
Furthermore there is a bullish seasonality playing out ATM. So I put on my horns in this case ...
BTC Moon Cycles going into the Vernal Equinox If we look at the previous run-up prior to the Vernal Equinox BTC was in a rising wedge . BTC bounced from the bottom of the wedge during full moons and rejected from the top of the wedge during new moons. The 3rd full moon was the final rally prior to the top being put in on the Vernal Equinox. Interesting confluence taking place here. "Seasonality"
BITCOIN (BTCUSD) - Week 09 - Weekly / Daily Analysis▪️2W Analysis
Here is our view on BTC Looking at the 2W TF, we’ve used the same interval time from the highest point to lowest point for each bearish trend and at same time looking at RSI to find matching Low - we had already done an initial analysis on that exact same chart early 2022 and then provided an update end of 2022. If that pattern is to repeat itself again for a third time, this could very well be the start of a bull run.
In regards to Price Target I have plugged in a curved TL (magenta) across each Higher Highs created at end of each bull run, and if this is correct, we could expect BTC to reach the $140K price level, approx x7 from current price. Now as we all know, nothing is certain in life, especially in the Crypto space, albeit I believe BTC has good chance to reach to that price by end of sep 2025.
▪️Daily Analysis
Since end of November, price has been bullish, we have seen first sign of that potential bull run with a push to the upside with momentum which broke that first Lower high (COD red line), at same time a Break of major TL and the retest made both on the broken structure and that TL, from there price pushed up again to reach the $25K “psy level” from which it got rejected.
I am now anticipating further ranging in that zone (20K / 25K), there is nothing in between that is particularly compelling. The daily time frame is the subject of much debate at the time of writing. In particular, the issue at hand is whether or not the current pullback might just be a higher low preceding the new higher high at $25K, which I think is unlikely.
As per last few months (June - nov 2022) this price range has been extremely erratic. And since then, there has been no follow-through from any of the range breakouts, it may be premature to anticipate a clear market structure pattern. Second, each of the more distinct support levels is closer to $18K / 20K, hence why I am looking at different scenarios with a "bearish view" while price is in that price range. I believe the "higher low" attempt will be much deeper than what is currently offered on the daily time frame.
To put it another way, despite the fact that this region makes structural sense for a higher low, there are no corresponding high time frame levels of support to backup that case, rendering it less persuasive. The daily and lower time frame price action must be particularly compelling for us to develop strong views in the absence of clear high time frame support levels.
In the grand scheme of things, a range high breakout and a deeper monthly pullback would be obvious. We are aware that the market is retreating from multi-time frame resistance; therefore, in order to advance, we require favourable levels and/or price action. I believe that we are currently lacking of both, so best thing to do right now is to wait for confirmation on direction, and in the meantime, I will be looking at the LTFs for potential trades, whenever price reaches key levels and market gives us the signals for a trade opportunity.
Trade with care!
REASONS to be BULLISH on EthereumHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Here are a couple of reasons on why I believe more upwards price action is likely for ETH in the near term:
From a trend line analysis, we observe the Bump and Run method which is a trend line based analysis trying to determine when a potential reversal may occur. The Bump and Run method is not a well know method amongst younger traders, but it usually signifies that significant reversals are about to occur.
From a technical indicator analysis, we pull up the moving averages. As observed, the bear market was confirmed when ETHUSDT lost the 100d MA and since then, we can use a time analysis to determine which macro cycle is likely next. Considering that ETH is currently trading right on top of the 100d MA, it has been over 400 days since we recaptured the moving averages successfully. This makes it more likely to believe that upside potential is due soon, as opposed to the alternative.
In another recent update on ETHUSDT, I discovered a fractal that points to similar price patterns that played out a few years ago:
The above considered, I can't help but to be bullish on Ethereum !
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CryptoCheck
Tell Me Something True About $ETHThe True Value of $ETH is $10k.
Why you may ask?
The sun will come up tomorrow, do you require an explanation?
You wake up and you look the same as you did yesterday in the mirror, do you need an explanation?
You exhale after you inhale, do you ask why?
No, these are facts, like the fact that the true value of $ETH is $10,000 per ETH.
SUS... DAYS BEFORE... 2 YEAR ANNIVERSARYStupid candles like this don't just happen, It at the very least should have been fixed yesterday. This seems like some kind of hidden message. Obviously this would only happen in a meme stock, just days before an interesting 2 year since the initial squeeze highs...idk...conspiracy theorists have been proven right after being clowned these past few years. Keep your eyes and ears open.
Quick Bitcoin "Spot ETF" Comparison ($BTC.X $MSTR $GBTC $BITO)Still as expected. NASDAQ:MSTR is a bit of a leveraged play... $BITO (so far) is still working out as the most pure spot play... and $GBTC yeah... there's Grayscale always in the news with the 40-50% sale. LOL
Can you stomach the potential risk/reward of GBTC? Are we still using it as an informal technical indicator for coin movement?
In my opinion, BITO is probably the smart choice for tax advantaged IRAs etc.
Otherwise, just buy and hodl the actual coins in your cold wallet.
Will revisit down the road. Good luck!
BTC - game plan for 6 month [2023]The sentiment is the key to analyzing Bitcoin movement.
At the moment sentiment is quite bearish , even I am not fully loaded. So I think we will definitely see a range of 26-28k per 1 BTC , but further movement will be determined in the consolidation after.
The approximate scenario on the chart. Your thoughts?
Historical Comparison of Vanguard Sector ETFsQuick comparison chart to see which performed better (or worse) during bull and bear markets.
It's not always a straight-forward answer, and more variables involved.
But... should give you an idea all things else equal regarding ticker choices and weights.
NASDAQ | Approaching to 200EMANASDAQ after testing 12900 resistance zone is heading back to retest its breakout level of 12150 where 200EMA also resides. Bulls need to show respect and strong reaction on this level to continue its upward journey.
Failure to sustain will call for more bearish spell
#Nasdaq #Tradingview
EW longterm analysis of coffee an shortterm outlookMost commodities are highly cyclical and don't develop in the usual 5-wave-patterns. In the long run commodity-chars look more like a series of succeeding 3-wave moves.Therefore a longterm EW analysis is difficult in a way makes no sense.
Nevertheless I devoloped a longerm chart for coffee and a shorter term analysis with a seasonal chart as indicator. In the mid and longterm I expect coffee to work lower. The short term is a bit unclear.
What I marked in the hourly chart as wave 4 doesn't look finished and also looks quite steep. On the other hand seasonality calls for a low around february 24. So we might see some fast moves in the following week.
Unfortunately the latest CoT data is not available. The last available report showed a strong build up of long positions by the commercials. This build up preceded the sharp move up from january 24.When analysing commodities it is important to watch the CoT-report. Before entering a trade I would await the latest reports.
Link to the longterm charts.
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images2.imgbox.com
GBPCAD potential LongGBPCAD is forming Quasimodo pattern with positive divergence, wait for the perfect entry with proper risk and money management, control your emotions during trading and have patience remember trading is 10% buy and sell and 90% is waiting.
please comment your opinions and analysis so that we can learn from each other
Sun Uranus Planetary Aspects - Price TargetsAll the major Sun/Uranus aspects on the SPY going back to 2021 to map out future price targets. They major astrological aspects are:
(1) Sun/Uranus conjunction (0/360 degrees)
(2) Sun/Uranus semi-sextile (30 degrees)
(3) Sun/Uranus sextile (60 degrees)
(4) Sun/Uranus square (90 degrees)
(5) Sun/Uranus Trine (120 degrees)
(6) Sun/Uranus quincunx (150 degrees)
(7) Sun/Uranus Opposition (180 degrees)
I've also marked and color coded, on the chart, the future dates that each aspect will be occur.
It appears that SPY is making a bowl and will potentially return to the 12/31/21 highs in order to make a double top. Price target $468 by 9/2023.