" CYCLES ,
The Mysterious Forces
That Trigger Events"
.
This is the name of the important book by Edward R.Dewey , which was first published in 1971. He discovered and theorized time cycles in macro trends.
And 50 years later, the power of cycles is still mysterious to us.
#BITCOIN is just a new small sample of cycles mysterious power in 21th century.
If you have access to historical data, you see correlation in commodities macro trends and especially same time cycles.
this chart is a small sample (which now affects the whole world) and we see same channel, same time sycle, same macro trends and same target for this trend...
this is the prz (potential reversal zone) for #xauusd in daily timeframe because of 3 classic support line that shown with red green & blue on the chart.
also silver & euro & other similar charts are at the long term low and strong support & #dxy is at long term high 104 that strengthens my hypothesis for gold to make a major low at this prz zone.
another chance to long #XAGUSD at Daily timeframe to hold for 25-26 target with 21.38 sl.
this is 3th time in a year that my favorite silver position has been repeated.
the primary bullish trend of cryptocurrency finished in december 2021.
now they have bearish market in 2022
so short sell at resistance levels is a good strategy for this year
of course dont forget STOPLOSS
so it can be another chance for short position in #btcusd 40000-40.500 and #ethusd 2900 level that they touch the important down trendlines.
dollar is early in a bearish 8 years timecycle (2018-2026)
so the primary trend on commodities is bullish in W1 , M1 timeframe.
However they have bearish waves as a correction in daily timeframe and gold is a good example with -15% return in 6moth.
but after 6month bearish, gold Gold reached its main target yesterday. (1720_1680$)
so This could be the end of a...
