Get started

Stonks

Euphoria BlindnessWouldn't it be amazing if there was an indicator out there that would pint point Bitcoin cycle tops. Does such indicator even exist? Well what you see in the chart is in fact the best indicator ever created and everyone is quickly to forget what the Pi cycle indicator was telling you three days before the cycle top. Now I know what your thinking November 2021 technically went higher than April 2021. April 14th 2021 - 64900 November 10th 2021- 69185 (segment taken from previous TA) The top in April 2022 was the true cycle top the one that followed after was just pure manipulation , that run to 70k was just a trap , with only half of the Bitcoin address active for that run , price still managed to get to all time high and like clockwork the 7-10 year old wallets come in again and sell a massive amount of Bitcoin creating yet another Bitcoin top. So yeah that run was created by the few ,there was no hype , no retail just whales. Take a look at the link below of on-chain data. ibb.co My theory on why April was the true cycle top and not November. Indicator Overview The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days. It uses the 111 day moving average (111DMA) and a newly created multiple of the 350 day moving average, the 350DMA x 2. Note: The multiple is of the price values of the 350DMA not the number of days. For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking. It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number. www.lookintobitcoin.com So this indicator predicts cycle tops three days before its peak and guess what we had a cross April 12th 2021 and we peaked three days later on on April 14th 2021 (counting 12 as a day) the Pi cycle crossed marking a Bitcoin cycle top. At the time the euphoria in the market was so powerful that it blinded everyone from what this indicator was telling you. It was the first time since the last cycle top and cross that everyone used this indicator and I remember countless of traders calling out the Pi cycle indicator for failing. Its incredible how blind euphoria and greed can make you, we had the signal right there in front of us with just a simple cross and yet most of the market disregarded it. This is the most powerful cycle top indicator ever created and when the next cross comes and euphoria is all time high , will you sell ? or will you disregard it?
INDEX:BTCUSD
by Sporia
7
The most important Triangle of the yearBitcoin showing mixed signals lets look at the whole picture . First of all we have been inside a symmetrical triangle now for a couple of days and we are coming to a conclusion , this is going to be one of the most important triangles of the year because if we do indeed break down from here it is very likely that we will visit 200 weekly at some point most likely late May 2022 , triangle breakdown target would be 42k. Take a look at my previous TA below . Bears The fact is that whenever we spike in volume on this on-chain metric we get some sort of top take a look at this picture ibb.co Now what you can see is that there is not one moment in time where massive output volume did not equal to some move downwards , just take a look at November 2021 with even less than half the output volume than March 30th price topped out. Whenever this channel turns red we enter a accelerated phase of the bear market which leads to Bitcoin finding a floor at the 200 weekly and we just turned red. Here we have the 200 /50 MA on the 3D and everything looking like history might repeat , I have talked about May 2022 Bitcoin event for more than one year now and it is possible that end of May 2022 will be a pivot for price down to the 200 weekly . Giving the credit to steve on this one for showing me this , it lines up perfectly with my Bitcoin May event 2022 , take a look at his videos amazing finds www.youtube.com Bulls Now for the bulls side we have a bullish cross on the MACD on the weekly . So there is a case for both sides but the risk is too high best to go into USDT and wait to see what the market decides , May is just 70 days away the event is near.
COINBASE:BTCUSD
by Sporia
4
The S&P 500 is Ranging, Can it Break Out??After topping out at 4632 as we anticipated, stocks have tested 4521, but appear to be equilibrating. We have mentioned that it is likely that the S&P 500 would either retrace or form a sideways corrective pattern and it appears the latter is the case. We are currently testing 4580, after which we have a vacuum zone back to 4632. It will take some volume to push us through this so watch for momentum at open. If this doesn't come through watch for continued support at 4521. If we break through this, watch 4462 and 4440 for further support.
FX:SPX500Long
by quantguy
Cult DaoBull Flag possible formation , only have volume and price movement since March 31st 2022 not much to go on. cultdao.io There is a time when the operation of the machine becomes so odious, makes you so sick at heart, that you can't take part! You can't even passively take part! And you've got to put your bodies upon the gears and upon the wheels ... upon the levers, upon all the apparatus, and you've got to make it stop! And you've got to indicate to the people who run it, to the people who own it, that unless you're free, the machine will be prevented from working at all!” - Mario Savio
CLong
by Sporia
Will Stocks Resume their Rally?? 📈🚀Stocks have fallen further after their slight pullback from our target of 4632. We met steep resistance at this level, then drifted downwards a bit, finally taking a dive yesterday. We fell to 4545, one level above where we anticipated support at 4521. The price action does seem to be rounding off, suggesting 4632 might be a top for now. If so, then stocks should find further support at 4521, then 4462. The Kovach OBV seems oddly unaffected by the selloff. We will need to see more momentum come through in either direction before stocks make a definitive move. There is a chance that we see another wave of momentum come through. If that is the case, then 4632 is our barrier to higher levels. We will see if stocks are willing to resume the rally, or if they will correct further, either retracing to lower levels as discussed above, or form a sideways corrective pattern.
FX:SPX500Long
by quantguy
Bitcoin Capitulation May 2022It takes on average 400 days for Bitcoin to go from cycle peak to 200 weekly moving average. Last two cycles after cycle peaks we found a bottom at the 200 weekly will it be different this time round? It would definitely be different this time round if Bitcoin does not put in a bottom at the 200 weekly at this point. The week of May 23rd 2022 would be 406 days since the cycle top April 2022. The top in April 2022 was the true cycle top the one that followed after was just pure manipulation , that run to 70k was just a trap , with only half of the Bitcoin address active for that run , price still managed to get to all time high and like clockwork the 7-10 year old wallets come in again and sell a massive amount of Bitcoin creating yet another Bitcoin top. So yeah that run was created by the few ,there was no hype , no retail just whales. Take a look at the link below of on-chain data. ibb.co Its important to note that Bitcoin has never closed a weekly under the 200 weekly moving average but has wicked down twice below it on average 30% , so a worst case/black swan scenario would take Bitcoin down to as low as 14k and close that week at 22k coming May 2022.
INDEX:BTCUSDShort
by Sporia
23
Stocks Break 4 Day Winning StreakStocks are ranging just above 4580, the exact level we anticipated support, after breaking a four day winning streak. This comes after hitting our profit target at 4632. We have two red triangles on the KRI to confirm resistance here, but many green triangles from below to confirm support at 4580. We do not anticipate a further retracement, but if so, then 4521 is a likely floor for now. Our ultimate target before a significant retracement would be in the 4600's with 4649, 4668, and 4693 all likely candidates. The Kovach OBV has slumped over for now, reflecting a lack of momentum as stocks pause, so watch for momentum at open to confirm whether the rally will continue. If we see lackluster momentum, we could maintain the range between 4580 and 4632.
FX:SPX500Long
by quantguy
The chainlink fibonacci sequenceI think we can all say that Bitcoin didn't have a blow off top this cycle but chain link sure did. 70% in just two weekly candles in May 2021 pretty insane even for a blow off top , the week of May 17 2021 is the largest weekly red candle in chain links history ,66% in one weekly candle ,it had one hell of a run. Since June 2018 Chain link pumped 31674% over 1050days with no major changes in its parabolic structure until of course May 2021. It is possible that Chainlink has been playing a pattern from 2018 during that time Chainlink retraced 88% before starting its mufti year run. If the pattern plays out it means that the bottom is in for link. At the moment chainlink is currently in a descending wedge and so is the Weekly RSI . Since February 2021 Chainlink has been forming a massive wedge and also hitting record lows on the RSI. Is link getting ready for a big move in the future ?, possibly what you see below is a LINK/BTC dominance chart, for nearly three years now I have been following this link fib sequence that has been quite profitable so far. The next date is May 23rd 2022 , I bring this date up a lot because there also a number of Bitcoin Fib sequences that land in May 2022. So what will happen come this day since I have lived through it three times already , well nothing , nothing happens on this date no crazy price action just a normal weekly close but once time passes one comes to realize that week was indeed a pivot in momentum. So what will this time bring another pivot to the upside or downside? The fact is that its not really clear now we a descending triangle on the dominance chart which is a bearish pattern but we have descending wedges on price and weekly RSI. I will sideline for now and wait closer to May 2022 to make a move a lot of mixed signals right now and the one thing I cant stop thinking about is the fact that Bitcoin has not put in its signature capitulation volume bar, we have nothing to confirm a true cycle bottom ,if we hit the 200 weekly with massive weekly volume bar then we can truly say the bottom is in.
COINBASE:LINKUSD
by Sporia
4
Stocks Hit our Profit Target, What's Next??Our reports yesterday were spot on. We called out the breakout from 4580 perfectly, and we hit our profit target of 4632. We are currently seeing some resistance here, as confirmed by a red triangle on the KRI. News that Ukraine may be offered neutrality may drive the markets higher. We feel this rally may still have legs, and should be able to clear some of levels above. In particular, we have 4649, 4668, and 4693. We could reach as high as 4729 before seeing a technical retracement. The Kovach OBV has been weak compared to the strength of the rally so this is a reasonable assertion. A retracement from current levels could take us back to support at 4440. This would be about a 61.8% retracement on the Fibonacci levels.
FX:SPX500Long
by quantguy
Is the bearish trend finished? ARKK.Today I will share my view on Cathie Wood's ETF and the pending setup I have. * The main structure of the current situation is the yellow descending channel , where we have been observing several contacts there. * The confirmation for me to start thinking about bullish opportunities happened when the inner descending channel was broken. * After that, I decided to wait for 4 days of corrective movement (which had already happened) and define activation levels on a new high. (green horizontal line) * The invalidation level or stop loss for this situation, if the price reaches my activation level, is 62.00. I will consider that my view was wrong; therefore, I close my position on a 1% loss. *If the previous scenario is true, I will make a re-entry on a new local high, following the same concept as before. *I'm doing this because I think the upside potential is really good ( target on the end of the green arrow ), which provides a risk to reward ratio of around 4.5. That's why I have a re-entry plan; even if I'm stopped out 3 times until I can catch the real movement, the setup would still be profitable. Thanks for reading; feel free to share your view and comments on the chart.
AMEX:ARKKLong
by ThinkingAntsOk
1
Stocks Rally as Global Woes EaseStocks appear to be back in raging bull mode as the market appears to have fully digested the Federal Reserve rate hike plans, and Ukrainian ceasefire talks may also be contributing to a cheerier outlook. We have hit 4580, which was our previous target, and a relative high that had given the S&P 500 issues in the past. We are on the cusp of a vacuum zone to 4632. We are seeing some resistance confirmed by a red triangle on the KRI, and that is anticipated with the significance of the level which we are currently testing. The Kovach OBV is pretty strong, so there is no reason not to expect another breakout today. But if not, 4521 should provide support.
FX:SPX500Long
by quantguy
AMC looking very bullish!NYSE:AMC 1 Day Chart EMA (Exponential Moving Average): 20EMA is yet to cross 50, 100, and 200 but moving towards the 100 TTM squeeze: momentum is up and squeezed. Fib levels: Currently launching off of the 0 level but still in danger. It needs to cross and hold the .382 level ($22.50) for the bullish pattern to continue (giving the market noise are calm). Candle stick: Bullish Pin Bar followed by a Bearish Pin Bar...This is indecision... Pattern: Bullish Pennant. Price still needs to cross the .382 for confidence and psychological continue momentum. It also has a double bottom which is a bullish pattern. News: Recently invested in HYMC History: It failed the last double bottom in Nov. 8th and crashed heavily. We have noticed a major reversal of trends for a lot of stocks starting Nov. 8th 2021. If AMC fails this double bottom, there are chances it could fall to $13.54. If it holds the bullish pattern, the next prices are $27.71 and $31.04 (both major resistant levels).
NYSE:AMC
by STAKKNATION
HYMC High Risk playNASDAQ:HYMC STAKK analysis on the HYMC stock (www.hycroftmining.com) Chart 1 Day EMA (Exponential Moving Average): Bullish, as the 20EMA has crossed the 50EMA and 100EMA Red line (20) Orange line (50) Blue line (100) White line (200) TTM Squeeze: Trending down, meaning momentum is low. Traders may be taking profits. Also notice that gap down on Nov. 9th has been filled. Fib Levels: Above 2.618. The price has gone parabolic. Price action has to stay above this levels for the bullish trend to continue. Candle Stick: Last few candles are bearish candles. last day candle is a "Bearish Pin Bar" Pattern: Current pattern is an Ascending Triangle. This is a bilateral pattern with could result in either a bullish or bearish price action. News: Hope coming earnings. On March 15th, AMC bought into the company ($194 Million) History: Price have crashed on earnings report. Bullish case: Price action could move to the $1.48 to $1.85 to $2.62 (each are major resistance areas). Bearish case: Price could drop down to $.93 (1 fib) or $.73 (0 fib)
NASDAQ:HYMC
by STAKKNATION
1
Stock Breakout Near??Stocks have recovered from a retracement after testing 4521. The price action started to 'round off' and we suspected a technical retracement may be in store earlier this week. Our prediction came true and we found support at 4440 also as anticipated. Currently, we are testing relative highs again at 4521, but are encountering steep resistance from red triangles on the KRI. The Kovach OBV has been inching up but has leveled off slightly as stocks struggle to break out further. We are at some serious resistance, so watch for signs of momentum at open. If not, we will likely reject current levels and head to support at 4440. If we do see a breakout, then 4580 is our next major target.
FX:SPX500Long
by quantguy
Stocks Retrace as Oil JumpsStocks have retraced as we have called out yesterday. We were due for a technical retracement, and the fact that oil prices jumped provided a catalyst for this retracement. We have found nice support at 4440, a former price target, and expect this level to hold but if not, then we could test the 4300's, with a likely floor of 4350. Our next target remains 4580. The Kovach OBV has dipped slightly, but it still appears we are in a bull trend, so anticipate either some ranging today as we digest current prices, or another bull rally.
FX:SPX500Long
by quantguy
Breakout Near in Stocks?? 👀🚀📈Stocks are forming a bull wedge pattern and appear to be gearing up for a break out. We did see some volatility at relative highs around our level at 4487, which could indicate a top. We are also seeing several red triangles on the KRI to suggest resistance here. However, the Kovach OBV is still strong despite leveling off a bit. Watch for momentum at open to confirm a breakout. If so, 4521 is the next target. If not, 4408 should provide support.
FX:SPX500Long
by quantguy
What I expect on S&P500 based on 5 past scenarios. Hello everyone, the S&P500 index has broken the main trendline of the descending movement, which may be good news for the bullish team. So here I will show you the situation I'm expecting before developing setups. As you already know, I only trade if I can prove in some way that the pattern I'm interested in has already happened in the past and, most importantly, that it's profitable. I have looked a the last 5 most relevant bearish movements starting in 2019, and I observe a sequence that I like to develop setups. The sequence goes like this: a) Once we have clarity regarding the bearish movement, we draw the most external descending trendline. b) From there, we wait for the breakout (the situation we are currently in) c) Now that the price has broken the structure, we will wait for 1 daily candlestick, at least that is lower than the previous day's candlestick. d) IF that happens, we will go to the 1H chart to look at that correction and develop the setup. Before continuing here are all the 5 scenarios: Of course, when we see patterns on the market, those are not "extremely evident situations." Instead, those patterns tend to be subtle anomalies that you will be able to take advantage of if you spend enough time analyzing the charts. Finally, I will put a template of the final setup I will be interested in executing. The instrument I will be using to trade is S&P500 Futures under the ticker "ES". Depending on what the price does, this correction can happen on a higher level, or can not happen at all. REMEMBER: Waiting is your edge. Thanks for reading!
CME_MINI:ES1!
by ThinkingAntsOk
1
Stocks Back to Life??Stocks have received a nice buying wave, blasting through 4440. It appears we are back to bull mode, as this was the level to break before we could consider higher levels. We do appear to be facing some resistance at 4462, an intermediary level before 4487, which is the next relative high and key level to break before we can consider 4580 which is a major target, and high of Frebruary. This level was tested and rejected twice, forming a double top that will be difficult to break out of. If we reject current levels, anticipate support at 4408.
FX:SPX500Long
by quantguy