What we are witnessing is the imminent stage of a distribution cycle happening before our eyes. Two of the great minds in charting, Wyckoff and Scott Carney's theories are put to the test. There are two differing bearish structures that are indepent of each other and authored by different people, but are currently simultaneously visible on a large timeframe, the...
If you can watch Trader Genius and his video titled "Another indicator of the next Bitcoin top" What I did was I used the Fib Time Zone and plotted them using the RussianBear metrics and Low and behold came up with a date of December 26th for 2021 as a key date. Could December 26th be the next Bitcoin peak? I don't know but it is somewhat compelling and would...
Sitting on the peak, next candle will determine a long move on a daily timeframe.
Using Beam bands and Fractal we can see there is a good possibility that the mother of all coins could reach a potential and mesmerizing $307k by the peak for its run in 2021. If the metrics used by Trading Genius are correct then we could see BTC peak out at either $307k or higher depending how high we breach the beam bands. This Fractal should help with what it...
I am using the same fractal for the chart that has Kin hitting $0.003 by year's end or the end of this bull cycle. As ai have said many times that these price targets are really affected by Bitcoins end price by December 2021 or January 2022.
I am using two fractals with price points at $550 and $900 by end of this bull cycle for December 2021/January 2022. Of course, we all know we could go lower or higher. Price depends on the demand for Solana and the high of the Bitcoin peak.
This idea is based on the presumption that Bitcoin is currently in a repeating 2 peak cycle, with a 1 peak cycle following it. In 2013, we had the first example of this, followed by 2017. Now, we may have the same pattern happening. However, I have noticed the time factor has started taking around 1.68x longer. You can look at the on chain metrics like...
For many reasons, I believe that the market will move upwards for the next year I think Wink's uptrend will be similar to the chart above. I think we have reached the end of the second (2) wave of Elliott Wink we are now at the beginning of one (1) of the three (3) main Elliott waves
Dear ladies and gentleman, I am here to inform you that DOT is going to be bearish for the next month or two. I know everyone here wants to see the charts go only in one direction and that direction is not down. Let's take a look to this chart and see where our selling zone is. it does not matter if you bought DOT at a higher price than the one in the selling...
Chart pretty much is self explanatory. You can google the following to get more information:
if it is not obvious by now that SPX reached its peak and it is in its right now to go down for some retracement. Taking into account all whats happening at the moment, from covid, stimulus inflation, etc, it's unrealistic whats SPX has reached the last couple of months with its parabolic move. This is unhealthy and not sustainable in the long run. So a proper...
Oscillator projection for gold stock index high this coming August which will also mean Gold going up into that time. Eric Hadik is also predicting a big high this summer for Gold.
The indicator used in this idea is the Fibonacci trend based time lines. They are vertical lines that can identify pattern reversals. They are very useful and most often work very well. Applying all the settings correctly, we were able to see the first reversal in the trend once the Fibonacci level was passed. And since the next Fibonacci is on April 02 2021,...
I am merely updating this scenario for this Bull run in 2021 for Bitcoin. Bitcoin breakt the top of this Beam bands and retraces down about 48% to 50% to get down to a $66k price and hit the bottom of this channel and then we go for the second peak end of year.
...Imagine if... - SP500 peaks right below 4500 - Head And Shoulders price target at 1.0 Fib Extension from march 2020 lows - New money will be told the old saying "Sell in may and go away", and will not fear that a bearmarket is slowly starting - New money will buy in all summer, providing liquidity for larger players to exit - New Lower High will be made Late...
Rules: - Retracement should be about one-third of two-thirds of the previous move - Same rule is applied to the time 1/3 – 2/3 ____________________________________________________________________________________________________________________ 1 to 2 – Upward movement taken about 1 week 2 to 3 – Downward movement, approximately 3 weeks, bearish trend, not the...
Friends, the chart speaks for itself. We saw different patterns play out in the past. Each of them followed by a parabolic run, due to the deflationary nature of Bitcoin and probably a lot of Tether-printing (combined with a weak dollar). After touching the parabolic curve in the recent days with a low at ~$27.000, we saw the price climbing back up and making...
It is clear that though we can use fractals to possibly pinpoint price projections that is just all they are price projections. Nobody hadsa crystal ball here In Crypto land so looking for this elusive perfect peak is a downright myth. Can we guestimate? Of course, we can, and this is why I am overlapping price bars from the 2017 XRP bull run on to the possible...