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 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 ...
Obviously very early days but RSI on the 1m and 5m are climbing and hopefully the 5, 15, 30, etc should follow suit. If they do then we're back into the overall bull trend, hopefully for 4-5 days. Thoughts?
I should have been able to work out that one of the larger bulls needed some rest before pressing on (supported by a line of much larger bulls than itself stood right behind it). I'm learning...just really slowly! A really nice opportunity missed but at least I am starting to understand them as opportunity, i'm not panicking and most importantly i'm learning...a ...
Long opportunities for AUDUSD, need one confirmation when the price retraces (Will update if the trade is not valid)
The technical analysis is reinforced with fundamental analysis, (Anticipation of a reversal of the commodity/commodity currencies bear market which was the longest since 1950)
