The parabolic ascents seem to end in a couple cases around spring 2023 (April) if the parabolas are correct and hold up. This is all based on the magic of compounding (debt). At some point the debt bubble gets too big and pops.
Bitcoin closed Nov 2021 monthly candle exactly on the mid-level of the log regression rainbow. This should be a bullish continuation signal to me as it's neutral but last few months were still bullish.
Internet Computer DFiniity looking ready for a start to breakout after a very prolonged accumulation this period. In part this was due to the valuation at launch and reality came back given the token issuance, but now looks ready for a potential mark up. A lot can mess this up like a gray swan event with crypto market tanking.
Looks like trying to keep parabolic ascent intact - stop just below parabola
If you consider inflation adjusted, Japan's stock market loss of purchasing power has to be much greater than 80% from the peak of 1989 with all the currency creation they have embarked on. Could this happen to the US next? Possibly.
Showing Raoul's Paul's overlays and also including hex.
Market risk on appetite can be shown via JNK/TLT raio (or plotted in reverse as well)
Long near here at bottom of large pennant formation.
Beautiful thing about TV is you can set alerts when events happen like fed tapering to begin.
Thanks to cryptocademy.com for pointing out the fibs, but didn't mention they were log fibs, not linear.
TLT (20 year bonds) / JNK (junk bonds - aka corporate riskier debt): Falling slope means Risk-On appetite for the market.
With the VIX (volatility index) beaten back down, this opens the door for a monumental up move in markets.
SOL is signaling as a leading ALT coin market direction perhaps?
Silver has been in a long consolidation range after it's initial jump from march 2020... this could hopefully signal the final bottom but maybe we are just in a holding pattern until stocks loose steam early next year?
Weekly bull/bear bands (21 EMA/20 MA) moving averages are currently most recent supports. Also showing potential supports should we see Hex have a next quick 65% or 85%?
To me a clear wyckoff accumulation in the volume signature. But again, my main fear at this stage is the fuckers who may aquire the remaining mt. gox BTC any day now or week could in theory go dump it on the CEX/open market. but far worth the risk as they would be shooting themselves in the foot at this stage given bitcoin is acting as an inflation hedge...
See great long trade setup coming - read previous post.
Just buy every descending wedge or pattern breakout and set very tight stop and trail it up. If stopped out, buy the next breakout. Target for hex for this bull market is $1.30-$3.