Cycles are long term fluctuating activities with 4 distinct periods: improvement, prosperity, recession, and depression. These periods may assume different names, but the basic concepts remains the same. In the improvement phase we turn from depression to prosperity. We typically see rising economic activities, increased production and investment and a rise in income and employment. In the prosperity phase we typically see rising interest rates, inflation, overall economic optimism, economic activity and high income.
In the recession phase we turn from prosperity to depression. We typically see falling demands, decline in income, low economic confidence and falling stock markets. In the depression phase we typically see a decline in consumption and demand, falling interest rates, deflation, economic pessimism and low income. Cycles can be used to find the best stocks to invest in, based on what kind of sectors and companies perform better in which period, e.g. cyclical stocks in the improvement phase and defensive stocks during the recession phase.
I don't think it makes sense to use normal TA on Bitcoin because it cannot be compared to any asset... except itself, so I've overlayed the early 2013 bubble (daily candles) on the current run (weekly). We'll peak on CME futures and then an exchange CEO will get kidnapped or something. I don't know. Nobody does. Good luck.
Still long as of my last linked trade:
Do you remember when this exact same thing happened before?
Bar pattern is LTCBTC weekly from BTC-e in 2013, chart is recent Bittrex price action.
Immediately after this happened the first time, the new money-doublers (who make sure to tell all their friends about litecoin gainz) went to barely functioning Cryptsy and lost everything to Wolong trading a picture of ...
Nothing more than playing around with the monthly log and heikin ashi candles to show the trend better. Pure hopium speculation...
Until we see some green on this time frame my inner bear is still winning.
Both RSI and Stoch are still pointing down as well, which indicates to me that we aren't out of the current downtrend just yet, despite all the bulls on ...
What a beautiful cycle on the stoch rsi, it's the kind of cycle that you wish you could turn back time and get involved with, consistent 15% + profits on each cycle. Will it continue, there is talk of an easy 1k sats by June. Worth keeping an eye on, and perhaps a good trade entry will be at the bottom of the 4 hr Stoch RSI cycle?
There's blood in the streets, and the smell of fear, we may even be witnessing capitulation.
But it never lasts that long. Unless this really is the end of crypto this time - we've all heard that one before.
This is just a rough little sketch on the zoomed out weekly (log scale), Apart from the Mt Gox prolonged bear market, with some big bear flags in that ...
This is a work in progress. I am not trading off this idea (yet); I'm waiting to see whether it develops as I expect in the future to make sure I'm not seeing patterns where there are none.
Spotting highs:
Teal lines = bearish divergence. This is where the RSI chart diverges from (does the opposite of) the price chart.
Basically: price goes up, while RSI goes ...
Crypto Charting Exercise:
An interesting method to spot "tops" for Bitcoin
1 Day $BTC chart in Log view.
Add RSI indicator.
Look for "RSI Divergence" = Where the RSI Chart does the opposite of (diverges from) the price chart.
I drew lines from daily close.
Spot a juicy pattern?
In the next days this intersection should get resolved.
As it seems we are not anymore in a bubble (arguably I must say), price should go down to a new Fib. channel in up trend, probably up to 0.32 level, before to push up once more.
However, this step is highly sensitive to fundamentals, if fundamentals fails, we may fall back into descending channel to keep ...
If everything worked perfectly in cycles, it could be slow on BTC until 2020 with only small spikes in between now and then. This is just a cycle copy from what happened in 2013. But it's also likely that this cycle will be shorter in time as cryptos have picked up the pace in recent years.
a. 1.3850 to 1.40 marks a zone that was the floor for prices in 2016.
b. Cycles of 60 Days has been a consistent predictor the past year, we are in the cycle peak zone.
c. The RSI is at extremes and previously at this level (see Oct-16) GBPUSD pulled back 3%.
Today i'm visiting my favorite Forex pair to look at and discuss a very long term Elliott Wave count that it appears to have formed. It appears as if in early 2008, a 5th wave completed as a high. From there the market has been clearly corrective, ultimately going sideways. A Zig-zag completed into mid 2015 and from there we have seen a sharp move to the upside. ...
Ripple XRPBTC has been rallying upward and hitting the next resistance zone, which is also visible on the weekly chart.
IF today is closing as a pin bar,
THEN this might be a sell opportunity
Resistance: 8010 – 9010 µ
Support: 5533 - 6921 µ
Resistance: 1.361
Support: 1.325
Major Support: 1.304
Week Trend: Up
Day Trend: Down
Next action:
Limit Buy at 1.325
Stop : 1.320
Limit Sell at 1.315
Stop : 1.325
I already forgot this gap down since the last British referendum. Succeeding gap due to flash crash was filled immediately.
However, this June 2016 gap was the longest gap I've seen (to my recollection) in FX market before it was filled.
Purely coincidental trajectory line of 19 degree peaks, based on previous sharp rises of 77 degrees and dips of 19 degrees. Only based on two distinct S curves, if these S curves were to continue at the same rate and magnitude, you end up with a steady 19 degree increase into 2018 and beyond. It means the latest sharp rise may not have bucked this 19 degree trend, ...
I once saw a cycle chart by @lowstrife (twitter) on BTC that seems to still be for the most part valid today even. I decided to play around with ETHUSD chart and found that ETH has rallied twice around 27 December. I made mine on the 3D chart. Each cycle is around 122 bars. If this is true it may be possible for ETH to dip one more time despite the bull flag at ...
