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Socrates

BTCUSD - Crash & Burn Confirmed.Disclaimer: I am not associated with Armstrong Economics in any shape or form. BTCUSD closed March under $7026 thus electing a very bearish Monthly reversal level. The likelihood of going down to the 4th reversal at $2972 is very real and it can also go extreme further down to test the lower $1910 and $775 area. Also, Socrates is indicating CAUTION WATERFALL CRASH POSSIBLE. With the upcoming Global Depression already upon us due to blow up all Central Banks in 2021-2022, it's hard to believe there will be money available for trading Cryptos therefore, we might have to wait until the next cycle target of March 14th, 2022 before Cryptos can resume the Bullish trajectory, if governments do not confiscate Cryptos altogether. Be safe and use protection!
BITSTAMP:BTCUSD
by alejandroscotti
BTCUSD - Failed breakout.Disclaimer: I am not associated with Armstrong Economics in any shape or form. On the week of January 27th, BTCUSD broke out in an attempt to achieve a new ATH but it failed miserably. On the week of February 10th, 2020, it stopped exactly at the previous lower high set the week of October 21st, 2019. Now that the month of February has closed, Socrates confirmed that February was a REACTION HIGH... that's sad news for the Bulls. Luckily for me, I stuck to my SHORT position from January and kept adding shorts as the price kept pushing higher. Last week BTCUSD entered CRASH MODE. This week we got a WARNING PROBABLE WATERFALL CRASH. As of now, we have 3 immediate probabilities: $7000, $5500 and $3670. Happy trading! use protection.
BITFINEX:BTCUSD
by alejandroscotti
3
BTCUSD - Entering breakoutDisclaimer: I am not associated with Armstrong Economics in any shape or form. BTCUSD market appears to be entering a Phase Transition that COULD potentially take it to new ATH very quickly and the importance of the timing cannot be underestimated. It reversed the analysis from last week so I was forced to post an update now because Socrates picked up the sudden trend shift again. Either way, I'm not making any prediction here, I'm not going to be making posts because the markets can always shift at any target and you can't marry a trade. Good luck everyone!
BITFINEX:BTCUSDLong
by alejandroscotti
BTCUSD - Uptrend Reversed - Going Down...Disclaimer: I am not associated with Armstrong Economics in any shape or form. *** Most of my previous ideas were hidden because I violated house rules of promoting an external link. I had no idea it was a violation and it was unintentional *** Perhaps this will be my last post for a little while. The major Economic Confidence Model target, the start of the new 8.6yr natural cycle, on January 18th-19th 2020 has produced the lower high (based on the closing) in BTCUSD at about $9000 as well as the peak in US Stocks among many other things. As for US Stocks, Gold and Silver, you could most likely expect a significant correction but not a bear market, with the final top to occur long ahead in the year 2032 which should be way, way above 44000 points in the DOW Jones etc... don’t expect Gold to outperform US Stocks and Bitcoin. As far as Bitcoin, at the Weekly level, it has elected 4 Bearish reversal from the strategic high formed in June 24, 2019 warning that we have reversed the immediate uptrend that started in December 10th, 2018 suggesting that further decline is possible. The next strong targets are the weeks of February 17th and March 9th. At the monthly level, BTCUSD will decline from here on out into March, then June being a critical target where I’m suspecting BTCUSD could bottom but this is my interpretation of the analysis and it is too far out anyways even though the trend-line seems to align. The Bullish news is that at the yearly level BTCUSD has not reversed the uptrend that started all the way back in October 2011. Don’t get me wrong, I am very bullish on Blockchain technology and it is indeed the future to invest in however, there’s room for a much lower price here in 2020 before mooning again into May 2024. The key Monthly closing price for BTCUSD to revert this yearly uptrend is below $2972 then $1910 and my suspicion here is that, maybe, perhaps, somewhere around June 2020 we could have a meltdown below these levels and a quick recovery to close the month just above them, as it is always the case when a bottom or high forms, it tends to test those last reversals without electing them at the closing of such time levels. However, shall BTCUSD elect $2972 or $1910 then that’s a whole different scenario but for that we shall wait and see. In my chart, I’m drawing the key Monthly levels moving forward. Good luck everyone! see you in the future.
BITFINEX:BTCUSDShort
by alejandroscotti
7
BTCUSD - Turning Back DownDisclaimer: I am not associated with Armstrong Economics in any shape or form. *** All my previous ideas were hidden because I violated house rules of promoting an external link. I had no idea it was a violation and it was unintentional *** Excellent entry point for a SHORT position at $8800. BTCUSD must close today above $9045 to continue going higher. Because it tested $9045 but it is poised to not close the week above it, it is indicative that this breakout has ran its course and it is over. Also, you will also notice that USD index will form a TEMP LOW this week then rise sharply higher. US stocks, Gold, Silver will also make a TEMP HIGH this week then enter a correction etc. Also, next week could mark the end of negative interest rates policy because the market is forcing the Fed to raise interest rates because there's no private capital interested in participating in REPO operations etc etc. This week is a TURNING POINT on a lot of things globally. Even politics: Trump Impeachment, Russia government entire cabinet resigning, Iran. Trade: China Trade Deal, US-MEX-CA trade deal... Happy trading!! remember, use triple protection moving forward.
BITFINEX:BTCUSDShort
by alejandroscotti
2
BTCUSD - Lower High In PlaceDisclaimer: I am not associated with Armstrong Economics in any shape or form. *** All my previous ideas were hidden because I violated house rules of promoting an external link. I had no idea it was a violation and it was unintentional *** Socrates computer has identified that the Daily TEMP HIGH is in place at $9000 and we also have TEMP HIGH at the Monthly level so, this is very, very significant confirmation. We have a Directional Change for today so maybe we get a spike higher or a move lower but nothing big. The next big target is Monday so starting this weekend through Monday we could get a significant spike higher before breaking down or it could go straight into a breakdown. Or, to entertain a Bullish possibility, it could go straight up, shatter all resistance and continue to new ATH... I doubt it though... Happy trading! use triple protection.
BITFINEX:BTCUSDShort
by alejandroscotti
New lows in gold for 2017?$GC1! has pretty much proven the 2016 rally was just a reaction high. We'll have confirmation if we close year end below 1307. A close below the 1179 quarterly bearish for year end would raise the probability of new lows DRAMATICALLY. Would be great value if we could get a pullback to the previously elected monthly bearish level (1242.1) and 50/60 ema. That move would most likely coincide with a pullback in the $DXY -0.14% and $DJY0 to their fib/ema areas. As Marty always says, just watch the numbers.
COMEX:GC1!Short
by patrick186
Buy Signal within Gold soonWe should have a fantastic opportunity to buy gold down at 1315 next week. It appears very likely that we'll be retesting key resistance that is now support (2015 high @ 1307) with our last quarterly closing above that. Watch for deceleration and a rejection of the 50/60 ema, bottom of bullish penant, and 1307-1315.10 area. This should coincide with an oversold RSI. Based on Martin Armstrong's Socrates model, if we close below 1315.10 on the daily we could see a move down to 1270. That line must hold for us to buy. Trade Management: To head higher long term we must close above 1362. This is a KEY monthly reversal level and will determine whether we make new highs or new lows. The next target is a close above the weekly reversal around the 1391.5 area. I will hold this for the next year or two, continuing to scale in on pullbacks until the dollar bottoms out late 2017 into 2018.
FX_IDC:XAUUSDLong
by patrick186