Bitcoin's Extremes (Through the End of this Month)Multiple angles across timeframes currently converging, so the price of bitcoin is safe for now right here in the middle. Heavy bets being place in both directions. Volatility is expected through the end of the month (when isn't it?); +/- 33% or $24k - $48k range.
Sine Wave
History certainley rhymesI am a firm believer in the power of Sine Wave, and this chart shows why.
First, some explanations:
1- The green wave, starts at the bottom of 2011 price and ends in the top of the first peak;
2- The dashed yellow wave, starts at the mid-range of sloping phase (which is the FIRST peak), reaches the bottom at the first bear market nadir, and ends in the peak of the second bull market;
3- The dashed blue wave, starts at the mid-range of sloping phase (which is the SECOND peak), passes through the second bear market nadir, and potentially will ends in the peak of the third bull market;
4- The purple band, is the the 52 week MA.
----------------------------------------------------------
Now, some observations:
1- Every time the 52W MA crosses a wave on its way up, it is a signal for beginning of a bull market. This cross happens at the 2/5 of the way from the bottom of the wave to the top;
2- Every time the 52W MA crosses the same wave on its way down, it is a signal for the mid-point of a bear market. This cross happens at the 2/5 of the way from the top of the wave to the bottom;
3- The dip before the peak, occurs on the sine wave's 4/5 of the way to the peak. This price difference from the wave to the dip is approximately -90%;
4- Right now we are 78% down from the wave, and -87% would take us to $20,000.
5- That being said, we have never been this close to the 52W MA in a bull cycle and if the price dips to 20K in the coming weeks, we would cross the 52W MA and unless that point doesn't act as a spring, we probably will not reach the top by the end of the year.
Time Cycled ADA to gain 24% by Mid JuneViewing the chart above we can clearly see a 55 day time-cycle has formed (red semi circles at top).
The cycle starts from 3rd Jan 2021 and is repeated every 55 days on the following dates: 27th February, 23rd April and predicted 17th June.
The frequency of the cycle is also clearly seen in the LT 144 RSI - (Vertical white dotted lines mark Cycle, Price and RSI)
Price is rarely dipping below LT 144 rising DEMA which is a good signal of growth, however the further the price parts from the DEMA the greater the correction signal becomes for the price to return to the DEMA.
The yellow lines show ADA's trend entry and together with the blue horizontal lines confirm the base entry support, trend formation, support and resistance within the trend and finally the trend breakout on 6th May confirmed on 13th May.
And if you include the RSI green prediction doesn't that look like a perfect cup and handle forming on the RSI!? :)
All the above signals a 24% gain by Mid June @ a price of 2.75.
Good Luck to All
Hidden Periodicity and Pitchfork Suggests Short-Term SupportCAD is otally coupled with the price of oil, which is the major factor in this currency couple in recent times. The fact that EUR gained a lot during the first COVID-19 lockdown was mainly due to the price of oil going downwards. This was evident as well during the recent Suez canal blockage, which started a new bullish run for oil and a pull back for EURCAD. Yet, there is a hidden pattern at play here, one which can be shown using the sinusoidal of wavelength 5 months. The prices have been going up and down consistently through this pattern since a couple of years, mainly due to market dynamics, often augmented with political events.
Following this pattern, you can see that we are approaching a crest in the sine wave, yet we are a law low point in the dominant bearish trend. Also, oil prices are increasing since the Suez crisis, which suggests that the pattern might not be followed. Yet, careful pitchfork analysis shows that we are currently at the line of support, which is also confirmed by the lower Bollinger band, as well as the almost over-selling RSI.
The bearish trend doesn't seem to be waning anytime soon, since most of the action is take place in the lower side of the pitchfork. However, for the short-term, the price is going higher and now sounds like a good short-term buy.
Unity's Squeeze-Price Inflection oscillation tied to EarningsPremise:
Convergence probably occurred before initial jump to ATH (not drawn)
2nd convergence noticeably begins around the time Momentum Squeeze kicks in for the buildup to Q4 earnings report.
Momentum at breakout was BEARISH, despite P/L changing in the positive direction (earnings much closer to estimate than in Q3)
If this performance holds up, Unity's stock should be competitive against established entities (see background: 700 and ATVI) in the gaming market which looks poised to resume an upward trend.
One Possible Scenario:
The last 2 weeks in March are showing the beginning of a 3rd convergence; will keep updating to see if this pattern holds up.
A new Squeeze indicator along with past experience suggests it will, crucially timed to the earnings release on May 6th.
The sine wave shown here in purple is not meant as a trendline projecting the stock's price level at some point in the future but is simply an extrapolation of past inflection points to identify at what point along the new growth curve the stock will be if and when Momentum breaks decisively in the positive direction.
My conclusion is that Unity will probably continue trading in its current range for some time, possibly even taking another downward turn this month as public sentiment on the stock has been increasingly bearish as its clear it isn't poised to rocket back to 150.
That would be the time to buy and hold, if the enthusiasm for Unity among developers is to be taken seriously, or at the very least, place your May-21 calls.
DXS sine pattern in a rangeDXS has been ranging since march drop off. Formed a near perfect sine pattern. Looking for a slight flattening off/pullback over next week for a good entry before targeting $10. Alternatively enter now with tight stop at 9.36. For educational purposes only. Do you own research
I think GBPCAD has been bought enough for some possible shortsGBPCAD has been bullish for some time, now I think its almost ready for some possible short.
it was over bought so many time on the RSI.
lets see if it can break the 1.75464 support level for some short or return to its initial trend after breaking the 1.77963 resistance to continue its rally
It's just my Idea not a financial advice
what do you think ?
IDEX smooth rise towards previous highs with 35% short term gainIDEX seems like it's moving in a good pattern and hitting fib lines on the way to previous highs. It should at least hit the 100% line, and if it does, it may get excited and shoot for previous highs at the 1.618 line ($5.93) = 35% gains.
BTCUSDT Potential direction (Estimate next peak in April)My very novice TA.
I suspected that 42k (8th Jan) was the peak of that cycle & it would dip from there probably to 28-25k over a week or so, say by the 18th feb. That process held off for about a week but is now in full swing. I estimate that it could go to as low as 22 & then pop back up, & follow more or less within the range (Yellow plot), more or less a in fluctuating sideways direction, then gradually start coming back up again. With the next peak sometime in April, probably not drastically higher, but probably about 47k to 52k.
Just an idea, not financial advice. I am short-term bearish as the December wave was far too frothy & clearly broke at 42k, and now that wave is still coming down, getting ready for the next set. If I look at the fib circles & sine waves, or atleast just visually with my very basic understanding, & then look at the MACD, there is still some more room to come down before it plateaus out. Then as I say I think it will go sideways, then gradually back up. There's so much institutional investment money pumped into it, but in every cycle, there's a dip, as sell orders get triggered & people cash out, before buy orders get triggered & people buy more.
So that's my very novice TA.. Definitely not financial advice, I'm a construction worker, not a financial analyst lol. Just an idea & trying to see if i can map out the potential direction moving forward. Give it a like or some constructive criticism if you like. Look after yourselves, & buy the dip.. Peace :)
CEY - Centamin - Poised to close the gap?Could this be the next fractal developing? Would be a beautiful way to close that gap! Touched the 62% retracement today, with some nice momentum divergence on show over the past few weeks.
Sell Signal: 0.6907Ingenuity Trading Model-
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
Reversing Long to Short at: 1.3232Ingenuity Trading Model-
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.