As I have pointed out in my last idea, I´m not too much of a believer of the BTC 4 year cycle theory. Today, I want to show you why.
First and foremost, I want to show my honest respect for the well known cycle analyst, Bob Loukas, who initally shared and helped to spread the 4 year cycle theory with a big audience of crypto enthusiasts. I respect your experience...
Long trade idea based on the following:
48 trading days lower, within the Gann ‘Death Zone’ cycle of 49 trading days.
4/8th time pivot in the Law of Vibration cycle.
Price support against the Gann Square of 9 angle at 1.2710, a shared value area wit the 1/8th major harmonic just below at 1.2682.
Mirrored Foldback pattern indicating a fast and swift...
This falling wedge will lead to higher prices in my opinion. We are also OVER the multi-year bull trend line for the first time in a long time. If Bitcoin can maintain the trend, and I believe it will, we should see higher prices before a several thousand dollar correction. In other words the price may go higher now and retrace back to where were are now vs....
After a few strong weeks of bearish rally (mostly thanks to brexit) after the price of FOREXCOM: GBPUSD broke most of the supports, not only daily, but weekly , at this time is reaching one of the lowest supports since January.
Since May 3 this bearish rally has not entered longs, with minimal corrections we did not see purchase possibilities, however that...
To make it short,
Congrats everyone, Winter is gone. BUT This is only the beginning of spring.Things are going to get crazy.
- Peak was Jan 5th 2018, Low Dec 16th 2018
- MC now went above Kijun Sen, look at the last time it happened in Oct 2015 what happened next.
- Bullish Kumo opened completely in the Daily T. and the Bearish is closing on Weekly...
CHF/JPY LOOKING FOR A BUY FOR AROUND 50 PIPS. THERE IS A LOCAL RESISTANCE THAT IT SHOULD STOP AT AND EITHER DO A SMALL REJECTION AND THEN RETEST. THE HIGHEST PROBABILITY TRADE SETUP HOWEVER WOULD JUST BE TO OPEN A LONG POSITION TO THIS RESISTANCE AND SEE WHERE WE GO FROM THERE.
I would like to share my waves count of the NEO. First of all, it is a pretty good coin for a long term with the bright future.
You can see at the chart the possible trajectory of each wave. It's too many steps ahead, so you have to count with that..
The market behaviour it is not always ideal with many factors around, so there could be some deviations on the way...
A potential breakout to the higher 1.36 levels are a possibility. We will have to see a clean breakout of the 1.35200 Resistance to spike us to the 1.36 levels. We are going to hit a Fibonacci Level regardless, so if price doesn’t hit the 61.80% Fib we can see it fall with the purple trend line to bounce off the 50% Fib level.
Why buy BITCOIN when you could have the next best thing?! The Chinese Knock Off version!
But Crypto is throwing a party and everyone is invited - yes even YOU BCASH! Just don't throw up in my kitchen like last time.
This King Club of Turd Sandwiches, is somehow still around, and what...BULLISH?! Crypto, you wild!
Well anyways, I don't have a whole lot to say...
We have an almost perfect bull flag here primed and ready to pop on this 4hr chart.
Volume is tapering down to a low level.
The Bollinger Bands are narrowing in signalling that some increased volatility is soon to surprise us.
There is some potential resistance that could support price if it gets pushed down but if that happens then the flag pattern will be...