Bullish and Bearish Gold WeeklyMultiple time touching at 1680 and bouncing back to 1800 and above range. In this correction it may take below 1680 look like which will take us to 1500 and below. As DXY is very Bullish.
Trend Analysis Fibonacci Multiple Time Frame Analysis XAUUSD Gold goldanalysis fibonaccianalysis Fibonacci Confluence
TIME
#replay 69 - Period AnalysisLet's have the time analysis on the fall from 2021 Nov 10.
I set the swing high/low of minor uptrend/downtrend as endpoints of each period. However, it's not pretty relevant of each dumping/rising. But we can see that more time for pumping comes with more time for dumping.
We still have some analysis in this post. Post later.
BITCOIN - Possible 24hr high coming up??COINBASE:BTCUSD is coming into a CIT window shortly that might see a high for the next day.
Anything above 24k after 21:30 would mean its wrong and we will head higher.
This is where I match AI with patterns. It has a 30min window to turn, if not then failed pattern and AI.
We had a nice 3 Drive ABCD pattern on the 20th.
Keep an eye on it.
Enjoy the day. 👍👍
#analysis 54 - Time EstimationAlright, it's so closed to my estimation from last one. Now let's see if it'd go downward to the bottom.
Not sure if it'll break the lows below, but according to past two cycles few months ago, it's possible. So watch out if you got long position when it do structure break here.
Evotrade: Visa upside for a minimum of 4 till maximum of 7 daysThe chart shows in yellow index cycles by linking swings of minimum .
W= weekly cycles (7-11 days)
2W= bi weekly cycles (12 to 21 days)
12W= three month cyclce (45 to 86 days)
every major cycles is made of minor ones e.g. 2W= W+W, 4W= 2W+2W/ 2W+W/W+W+W
The chart also shows in white inverted cycles by linking swings of maximum (Same rules are applied as for the index ones).
Knowing the combination of the two, when a critical swing (maximum/minimum) is broken within a certain time, it is possible to calculate the remaining time in which a long/short position can be hold.
In this case given that the higher price of the critial swing Wi at 208,12$ was broken yesterday after only 3 days, the remaining time as for the title will be used to increasingly push the price up.
There is time to open long position from minimum of 20th of july till a maximum of 26 of july.
WARNING
The position hold till 20th of july is the minimum time till the cycle will be completed. From the 20th till 26th despite the inverted cycle has time to further push the price up, an inverted weekly cycle can begin as well, pushing the price further down. As a consquence holding a long position after the 07/20 can be risky.
#analysis 43 - Counting the TimeSo I just had the time measurement according to the past two swings. All the following time is by UTC.
Firstly, it might reach the top, which is 23k, at around 7/20 16:00 - 7/21 4:00. And then it goes sharply, it might reach a low, which may be just like 17.6k - 19k, at around 7/25 8:00 - 7/25 12:00.
Elliott Wave Time Target Says Bubble Begins Inflating In JulyBased off of the very long-term Neely-Elliott Wave count, Wave-F needs a few more months of sideways action before we start breaking up away from the green trendline. The time target is saying wave-F should end sometime around July, and we will begin a violent wave-G up. This G-wave will bring several cryptos to multi-trillion dollar market caps. At which point, we will see the 12 year Bitcoin bubble ending, and we could see a very long-term (10 year+) correction beginning after that point.
It's likely that we've already hit the lowest price, but there is a small chance we could go lower before July. Most likely price will slowly drift sideways and up until around July, at which point it will finally break away from the trendline and begin a violent advance similar to what we saw in 2013 and 2017. Most top cryptocurrencies should follow a similar pattern and see violent advances beginning in July.
For now I am remaining neutral/bullish until July, at which point I will take a more aggressive bullish position if my analysis continues to hold water.
More analysis is posted regularly in my personal TV Chatroom: www.tradingview.com
When to Look For A Bitcoin BottomI want to go on the record with what I will be looking for in the future with Bitcoin BITFINEX:BTCUSD . I have been consistent in my thesis since October 2021 that the bullish cycle of cryptocurrencies was ending upon the failed breakouts of the All Time Highs. Since November I have called the crypto winter and expected it to last through 2023.
On an esoteric note I have observed much optimism among the Bitcoin Maximalists (Maxis) as they continue to "Dollar Cost Average". I have always been critical of this strategy as a Technical Analyst but many believe it is their best hope for acquiring an asset without concern for price. Bitcoin will always go up over a long enough timeline, right? I think that this lingering optimism is categorically not indicative of a bottom. A bottom is when the mainstream narrative is that an asset is a horrible investment and will never go back up. The way this narrative changes is with price decline over a sustained time to build frustration and boredom. It is for that reason I predicted that the crypto winter would need to last more than one full year following the November high or possibly into two years.
From a Technical Analysis perspective using Ichimoku Cloud theory I have observed that price tends to be attracted to the most notable feature of Ichimoku, the Cloud, following a rapid price rise and then decline (otherwise known as a bubble and bust). Once the Kijun Sen (green line) is breached following a rapid advance price tends to be attracted to the Cloud and does very little meaningful movement until the Cloud is reached. This takes both price to move and time to pass for it to occur. We can study past examples of Bitcoin's history for examples:
Bitcoin (Monthly) December 2019: There was a pump fake in Q1 2019 but price did not begin the next cycle until clearing the cloud following COVID
Bitcoin (Monthly) November 2015: Price declined and lingered following the 2013 bull cycle until interacting with the monthly cloud
Bitcoin (Weekly) September 2013: Dropping down to the Weekly as there is insufficient Monthly data this far back. The second leg of the 2013 cycle kicked off once price met the Weekly cloud.
Bitcoin (Weekly) October 2011: Price continued to decline following the 2011 cycle until it met the cloud at which point a bottom was found.
In these past examples a trader could have waited for enough time to pass that price would intersect the cloud and not miss the beginning of the next bull cycle. Technical Analysis is imperfect for predicting the future but it overlays an objective measure that encourages patience. That is what I hope to convey to those looking for a bottom during this bear cycle.
Consistent Profitability, how long does it take?How long does it take to become consistently profitable as a trader? This is one of the most searched questions in the Internet when it comes to trading and the beauty is there's no right answer. When you do receive an answer, it's miss leading to beginners and everyone gets confused. There's a solid chance that you've looked at this before, or perhaps you just seen the title of this post and clicked on it. How long this is going to take you to master the arts of the market. There's a good chance you sat there and questioned, "what am I doing? how long are we going for? What should I be goal setting in terms of time with trading?" if you see yourself in this position or you've seen it previously, I finally have the answer you need to hear.
How long does it take you to become consistent and profitable trading?
As long as it takes.
There's so many different sources which claim so many different time limits that it takes to master Forex trading or crypto trading or industry, trade, whatever it might be your embarking on. All of them say the same around two to three years to become a consistent and experienced professional. Yet, where are they getting this data from? I know traders that master trading within six months. I also know other traders that traded for six years and couldn't get the look of it. There's no time frame to put on trading in terms of success and consistency. It isn't a university course, we don't sit down and do all the course procedures and even if we do, the bare minimum, still graduate in three years. That's not how trading works.
The question you should be asking isn't how long is this going to take me to master, but rather how many hours are you going to put into it. Day in, day out, how much work are you going to do? That is what will determine how long it takes you to become successful in this industry. There's so many people that will see 2 and a half years to become successful trader, then they trade half heartedly as if it is a hobby. They don't concentrate too much. They just trade here in there. Two and a half years pass and they'll call themselves seasoned professionals because they have been in the market for 2 1/2 years. Yet they couldn't show a single piece of consistency within their trading. Then there's other traders that put in hard work. I'm talking 8 hours a day of pure grueling backtesting, trade management, risk management, analyzing everything, and they put an exponential amount of work in and in six months they can outperform anyone else who's ever step foot in the market.
Time is not an important factor. The amount of work you are putting in is the important factor. Yes, time will tell whether or not you can be successful in this industry, but if you're measuring time based off of when you've been interested or when you've been trading a little bit and rather than the actual hard, grueling hours that you're putting into trading. Then you will never get to that level you want to get too. You have to put in the hard yards.
This industry is very advertised as easy, simple and the money making machine. There's a number of different factors in which we can blame for that, but we're not going to dive into that today. What I want to share with you is this is not easy. This is actually one of the hardest professions you could ever do, because work doesn't just stop, we don't just clock off and get paid the same amount every week. It's all dependent on the amount of time and effort you put into the market.
Do you want to be profitable and consistent in trading? Then put in the hard work. Stop Googling how long it's going to take. Stop having a look at other people's success stories. Knuckle down and put in the hard work. Then in two years, three years, six years, 10 years, whatever it's going to take. Look back and be proud. When someone asks you how long did it take you? Don't answer about six years or two years, be honest. How many hours did you have to invest? How hard was the work?
accidental wormhole cleanupadded some levels and tweaked placement, these belong at the first two of three bottoms
not sure where bottom will be or if we'll even go down more...2.718 (euler's number) is important supposedly (i think of it as inverse phi..phi is infinite outward growth and euler is infinite inward growth) and we're there now...but we wicked to the 4.236 so maybe that?
just think of these as curved pitchfans, i think
see for process/tutorial
use stop loss, get outside, be nice to each other
Howl @ The MoonI posted a bullish idea for SPY (linked) where I did not go into detail about the wolfe wave - I am seeing major confluence with EWT, wolfe wave projection, bigger picture downtrend resistance, target via an indicator I love called "ADX Breakout", and time series forecast for both SPY and QQQ . There happens to be a full moon (a SuperMoon actually) on Tuesday Morning, June 14th, so if a Wolfe Wave gets us to intial target around that time that would be interesting. I'm not going to use any moon phase analysis here, but there is something about the moon that does in fact influence investor sentiment, albeit indirectly, though I am not expert on that subject.
This post zooms in on the Bullish Wolfe Wave and is intended for both price action projection near term and education purposes (I don't see many posts covering wolfe waves though they can be $$$ in making seemingly contrarian calls, such as this). In my counts I am using <1,...,5> for the Wolfe Wave and conventional EWC (Elliot Wave count) based on the degree.
Overview of Wolfe Wave (WW) :
Occurance
- An uptrend channel for a bearish Wolfe Wave
- A downtrend channel for a bullish WolfeWave
-Horizontal channels for consolidating price periods
Rules
Wave 3 and wave 4 remained in the channel created by waves 1 and 2.
Wave 1 and Wave 2 are symmetrical with waves 3 and 4.
Wave 5 goes above the trendline created by wave 1 and wave 3 for a bearish pattern.
Wave 5 goes below the trendline created by wave 1 and wave 3 for a bullish pattern.
Regular timings between waves. It means that the time taken to complete one cycle for the waves 1-3-5 is equal.
We can see in my chart that QQQ fits the bill here. There is a signal use to confirm wave <5> called "Wolfe Waves Signals " (Props to @NXT2017 for creating this wizard signal). I like it because it doesn't give frequent signals so when it occurs it is generally the real deal if the chart setup fits the bill.
Confluence
- EW intermediate count w(4) = WW <5>; projected w(5) aligns with the <1-4> projection at the expected time such that there is perfect symmetry with time between waves (see date ranges on chart). This sets up for an initial target of 317.90 by 6/13/2022
- EW primary count circle 3 aligns with the WW EPA @ ETA - EPA is the estimated price arrival, ETA is estimated time arrival and is established as the point in time where the WW support and resistance lines intersect. The level that these intersect is an equilibrium point where supply = demand; notice that E (expected <5>), w(4), and circle 2 all will occur right around this equilibrium level if we do in fact see a bounce from here and this plays out. This confluence gives us a Target of 341 by 6/29/2022 , and this is also the level of an "open long" target using ADX Breakout (not included here, there is already a lot going on didn't want to crowd the chart; also this target is at the 4H time frame, which actually makes sense with the time to target here). My time series ARIMA(0,1,0), p=0.23, upper 80%-95% PI for June 13 is 319.69 - 324.88 so the 317.90 initial target is reasonable, statistically. My upper 80-95% for June 27 is 334.90 - 348.14, so target of 341 is plausible as well.
- The downtrend line through the 11/21/2021 high and the 3/29/2021 high is the red line visible in this chart... so for those that have doubts about WW or EWT you can think of this projection as merely a test of downtrend resistance, which is very plausible considering how much time we have spent down in the gutter attempting to end this corrective wave.
The yellow path is illustrative, expecting an impulse from apprx. yesterday's low (i.e. <5> & (4) & circle 2 on chart) toward the initial target (i.e. (5) & <1-4> resistance). From there we will see an intermediate ABC corrective wave that will also serve the purpose of re-testing the WW upper channel to ensure old resistance has become support. After that I just drew a straight trajectory to the target at 341 (i.e. circle 3 & EPA @ ETA), however, this will either be a diagonal or an impulse - I'll update with expected levels is this plays out to intermediate (C).
Sincerely,
Not Jacob Black
TIME FOR SHIBAI want to publish my time (ASTRO) with you for first TIME , as you see the cycle is repetition correctly but sometimes it takes long time than pervious cycle but its repeat please not that time and use it for your chart. I HOPE this time + your strategy can help your trade better than past and cause improve your JOB for trading. //THIS IS A LIGHT//
it takes time for me about 3 years about 18 HOURS to find out how to they works. please have a study and improve your strategy... don't be disappointed, I lost my shoulder and eyes for this way. NOW I understand that how to work and use cycle for my strategy by MR GANN strategy. The STARTS ARE NOT LIER, Trust ME. Have fun DUDE...
autumn befor winter for BTCbased on the price and time fibbo levels which has projected from the the third bullrun (wave3) to the end of the covid effect, I can see that Bitcoin almost has copleted it first part of bear market and its going to draw a right shoulder while hunting 64k buyers and fall down to the origin of wave 5 around 12k.
we couldn't expect bull market befor next 1.5 year,
HEX is the greatest CryptocurrencyHEX is an ERC20 token that was released December 2019 after over a year in development, with 2 Security Audits as well as 1 Economic Audit.
Since the 2019 release the smart contract has worked flawlessly with zero downtime or hacks. It’s immutable code that has no admin keys and multiple front ends built by the community to access its signature feature “Staking”. The major difference between HEX and Bitcoin or Ethereum is the fact the coin inflates at a maximum of 3.69% per year, but instead of paying miners to sell the coin to pay for electricity costs, HEX pays those who Stake their coins. Everything is done from your self custodial Ethereum wallet and you pick how long to stake, from 1day up to 5555days. The longer you stake the more yield you generate, just make sure you’re truthful to the smart contract because if you end your commitment before 50% of time served you will lose some of your principal as well as interest earned. All of those who honor their commitment and end their stake on time benefit from those who ended theirs early or late.
Most people have built what’s called a Staking Ladder staking different amount of HEX coins for various amounts of time (Like a traditional CD) so they always have a stake coming due. The yield isn’t paid in USD it’s paid in HEX so the price of the asset can go up substantially higher once your stake matures and then people just sell a portion of their yield and never kill their golden goose, restaking the rest!
Just in its first 2 years HEX did a 10,000x at its ATH in September 2021! If you stake longer then the average stake length (currently at 6.49yrs) you will be earning over 39%APY (in HEX). This is how so many people have created life changing wealth for themselves using the staking feature no matter what price they originally bought at!
Why would you buy and hodl a coin that doesn’t pay you to hold it? Why not just keep a small % liquid and stake the rest paying yourself every year for the next 15years? That way you’re earning high %APY on the longer stakes and your paying yourself yearly or whenever you want? If you keep some liquid you will always have the opportunity to capitalize on the volatile nature of cryptocurrency.