US dollar/DXY just broke Liquidity zone. 8/Sept/23USD just broke Buy Side Liquidity / Stop Hunting zone @ 104.699 which is ..? AND more importantly what will happen to the correlation within Gold and SP500? start moving different direction or same? until 21 Sept 23? Depend on whether it is "risk on" or "risk off"?
Cycleanalysis
The End of a Bear Market : Structural Breaks 📉📈🐻 Bear Market Recap: A bear market is marked by a prolonged period of declining prices and pessimistic sentiment. It can be challenging for investors, but it also sets the stage for a potential turnaround.
📉 Structural Breaks: One of the key signs that a bear market might be ending is the emergence of structural breaks on the price chart. These breaks could include a series of higher highs and higher lows, indicating a shift in market sentiment.
🚀 The Bullish Catalyst: Structural breaks are often accompanied by increased buying interest, a resurgence of optimism, and a more positive outlook for the asset in question.
🔍 The Importance of Retesting: After witnessing structural breaks, it's common to see a retest of old highs or key resistance levels. This retest serves as a critical validation of the new bullish sentiment. If the asset successfully retests and holds above these levels, it could be a sign that a new bull market is underway.
🔮 The Future Unfolds: While recognizing the signs of a potential market shift is valuable, always approach it with caution. Markets are complex, and not all structural breaks lead to sustained bull markets.
In conclusion, identifying the end of a bear market and the start of a new bullish phase involves recognizing structural breaks on the chart and understanding the significance of retesting old highs. It's a critical juncture in market dynamics and can present exciting opportunities for investors.
Stay vigilant, stay analytical, and remember – the transition from bear to bull is a moment of transformation and potential growth! 📊🚀
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Topglove! Good News! Finally reached 0.725! 1/Sept/23By "breaching" 0.80 again and reached 0.725 as last post on 20/May/23. Market Maker finally "creating panic selling!". But checking from smaller/lower time frame chart. its price still have high probability reaching @ 0.71-0.70 +/- before multi years bottom formed!
Happy Holiday And A Long Term Vision🎉Hello Traders and Investors ,
my name is Philip and I am on vacation for the next 4 days until Wednesday evening.
I won't post any analysis until then but here is a long term outlook on Bitcoin💰💰
Everything looks still very bullish despite the recent drop so keep your long term vision and I will certainly buy the dip.
Will be back on Wednesday!
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for your support and I will see you on Wednesday!
My previous analysis of this asset:
BTC Analysis for the Next CycleBTC Analysis for the Next Cycle
The reason i am predicting that support the last support is,In the previous cycle of btc have one common characteristics that when ever btc defence it bottom,it came near to bottom to panic people that it will break that bottom defined.But everytime its bounce from near to bottom still now,Hope it will also repeat that this time too...
Impact of Cryptocurrency Market Capitalization on Market DynamicIn the world of cryptocurrency, staying informed about market trends and indicators is essential for making informed trading decisions. One crucial metric that often goes hand-in-hand with market sentiment is the overall cryptocurrency market capitalization. This article delves into why keeping an eye on the cryptocurrency market capitalization is crucial and how it can provide insights into the broader market situation.
Understanding Cryptocurrency Market Capitalization:
Market capitalization refers to the total value of a cryptocurrency or the entire cryptocurrency market. It's calculated by multiplying the current price of a cryptocurrency by its circulating supply. Monitoring the market capitalization provides a snapshot of the market's size and valuation at any given time.
The Impact on Market Dynamics:
Keeping track of cryptocurrency market capitalization can offer valuable insights into market dynamics and trends. Here's why it matters:
Market Sentiment Indicator: Changes in market capitalization can reflect shifts in investor sentiment. Rapid increases may indicate bullish enthusiasm, while significant declines might signify market apprehension.
Market Trends Identification: Monitoring market capitalization over time can help identify trends such as bull markets, bear markets, and periods of consolidation. It offers a broader context for analyzing price movements.
Relative Comparison: Comparing the market capitalization of different cryptocurrencies allows traders to assess their relative performance. It helps in identifying potential investment opportunities.
Impact of Market Events: Major news, regulatory developments, or technological advancements can influence overall market capitalization. Tracking these changes can provide insights into market reactions.
Market Liquidity: Market capitalization can also give an indication of the overall liquidity of the cryptocurrency market. Higher market capitalization often implies higher trading volumes and increased market activity.
Conclusion:
Monitoring the cryptocurrency market capitalization is an essential practice for traders and investors seeking a comprehensive understanding of the market's dynamics. It serves as a key indicator of sentiment, trends, and the broader market situation. Combining insights from market capitalization with technical analysis, fundamental research, and other indicators can enhance your decision-making process.
As the cryptocurrency market continues to evolve, adapt your strategies to account for changing market conditions. Remember that market capitalization is just one piece of the puzzle, and a holistic approach that considers multiple factors is crucial for successful trading in this dynamic landscape.
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$NVDA Extreme Peak PatternYesterday's Top Gainer for the NASDAQ has found support at a precise technical level. This is usually technical professional traders. There could also be a few Dark Pools in the mix.
DPO Cycle Chart: The Detrending Price Oscillator I use to show the long-term cycle of a stock shows an Extreme Peak which needs to pattern out with the stock shifting sideways for a while. The Extreme Peak is not necessarily an exhaustion of trend pattern.
Between 2007 and 2020, NASDAQ:AAPL had 4 Extreme peaks, corrected and resumed the uptrend between each peak. Troughs were shallow during those years.
NASDAQ:NVDA needs to shift into a platform or other sideways trend to pattern out the Extreme Upward Cycle Peak. Otherwise, at some point, the over-speculated price will become a correction on the short-term or intermediate-term trend. This means that NVDA can move higher for a while BUT this is not an ideal long-term entry level until it patterns out that extreme peak.
Bitcoin - Accumulation PhasesIn this graph I show you all the accumulation phases bitcoin has been in so far.
An accumulation phase is a stage that all assets go through.
After a prolonged period of growth, the asset declines and enters an accumulation phase.
It's during this time that savvy investors buy in, anticipating the next upward trend.
It's important to note that we might remain within this trading range for another year before breaking out of it. While I believe a breakout will happen sooner, historical trends suggest otherwise, unless we replicate the 2011-2012 pattern.
Regardless, this could present a favorable buying opportunity for Bitcoin within this range, with potential selling during the euphoria (distribution stage).
To be able to see the chart like this, turn on logarithmic scale in your Tradingview.
Potential of Gooner EMA Crossovers in Bull Markets 📈🐂The Gooner EMA crossover strategy revolves around the interaction of two Exponential Moving Averages – a short-term EMA and a long-term EMA. When the short-term EMA crosses above the long-term EMA, it generates a bullish signal. Conversely, when the short-term EMA crosses below the long-term EMA, a bearish signal emerges.
The Influence of Gooner EMA Crossovers in Bull Markets:
Gooner EMA crossovers carry substantial implications, particularly in bull markets. Here's why they matter:
Trend Confirmation: A bullish crossover, where the short-term EMA crosses above the long-term EMA, confirms the presence of an emerging bullish trend. This indicates potential upward momentum and the possibility of sustained price appreciation.
Entry Point Identification: Gooner EMA crossovers offer traders an opportunity to pinpoint entry points in bull markets. When the bullish crossover occurs, it signifies that the asset's momentum is shifting positively, making it an ideal moment to consider initiating a long position.
Visual Clarity: Crossovers are visually evident on price charts, making them easy to identify. Their clear representation provides traders with a straightforward signal for making informed trading decisions.
Timing Advantage: Gooner EMA crossovers offer traders timely insights into market shifts. Acting promptly upon the occurrence of crossovers enables traders to capitalize on the evolving market conditions effectively.
Supporting Technical Analysis: While Gooner EMA crossovers are strong indicators, combining them with other technical tools can enhance your analysis. Confirming crossovers with additional indicators or patterns adds another layer of confidence to your trading decisions.
Conclusion:
In the realm of trading, Gooner EMA crossovers are a powerful tool, especially in bull markets. They serve as robust signals for confirming bullish trends and identifying potential entry points. As you navigate the dynamic landscape of trading, integrating Gooner EMA crossovers into a comprehensive trading strategy alongside other technical indicators and analysis tools can elevate your decision-making prowess and empower you to seize opportunities effectively. Remember that successful trading involves a holistic approach, discipline, and continuous learning. 🚀📈
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Innovation boosts P/E ratios - P/E ration evolvesTechnological Innovation is Compounding
Technological progress has huge impact on the P/E ratios of companies and the S&P 500. Technologically advanced companies naturally have a higher P/E as it's expected from them to have better future earnings. One of the ways better future earnings happen is through efficiency leaps. These efficiency leaps are important to businesses' margins but it all comes down to:
better tech = more efficiency = lower costs = higher earnings = higher P/E
These innovation cycles bring efficiency leaps that are linked to P/E ratio waves.
We can observe in this chart that the P/E ratio has cycles that coincide with innovation cycles. There were, of course, macroeconomic factors and wars that impacted the P/E, but high P/E can be explained by innovation cycles.
We can also see that each innovation cycle will have higher P/E ratios than the previous. By looking at this chart, it feels that the P/E ratios still have room to grow.
ADAUSD is the bottom in? Where could it go?The last time ADAUSD created a macro market bottom and rallied, it gained about 17,000%. If history holds any merit, it may make moves like this again in the future. However, it's important to highlight that ADA could be targeted by the SEC for violations. It's also the case that Metcalf's law requires more users to use ADA blockchain in order for the price to increase. It is also true that the law of diminishing returns may dampen the potential upcoming pump.
DOGEUSD is the bottom in? Where could it go?Historically, DOGEUSD has rallied between 2,800% and a whopping 60,000% after creating a macro market bottom. It may be the case that DOGE rallies in similar ways in the future. It's worth noting that Metcalf's law is important; as well as the law of diminishing returns.
Death-to-the-Golden Cross // BTC 100d-MA & 600d-MA During the previous 2 cycles, once CRYPTOCAP:BTC 's 100d-MA fell below the 600d-MA (death cross), CRYPTOCAP:BTC 's price proceeded to capitulate to at or near the bear market lows.
Once CRYPTOCAP:BTC 's 100d-MA moved above the 600d-MA (golden cross), the 100d-MA did not come back down below the 600d-MA until the following cycle's lows.
Moving now to the current cycle, CRYPTOCAP:BTC 's 100d-MA once again fell below the 600d-MA on May 13 2023. CRYPTOCAP:BTC 's price then proceeded to capitulate down to the current cycle's low (~$15,473).
Then on July 26 2023, CRYPTOCAP:BTC 's 100d-MA moved above the 600d-MA.
Now we just need to wait and see if the trend holds.
Confirmation won't be known until either the next bull cycle really kicks off, or if the 100d-MA is not able to hold above the 600d-MA before price can reach a new ATH.
Death to the Golden Cross
Is the BTCUSD bottom in? Where could it go?Historically, BTCUSD has corrected over 75% from its all time high on many occasions. After these corrections, BTCUSD has rallied anywhere between 1,600% and over 13,000% from its market bottom, according to this price chart. I believe BTCUSD could do the same again in the future.
How high will it go? That's challenging to determine. If history holds any merit at all, we could see prices rally over 13,000% from the recent market bottom.
Bitcoin bull market (pre-halving)Hi everyone,
When Pi Cycle bottom, which is a free indicator, cross up with 1 week candle and holdl support, there are great chances that the bottom is in.
As long as, red line hodl support we can see further upside price action. Even in 2019, when the price was rising for short time, red line showed danger as soon as the 1 week candle broke down and confirmed.
This cycle looks like 2015 cycle more than 2019 so $27.7k will be one important level to watch for next weeks.
Cheers!
Are there really Cycles in the Crypto market?Are there really Cycles in the Crypto market?
Are there really cycles in the markets?
-Are cycles only in the stock market or in all walks of life?
-What is the use of understanding cycles?
-How is it always going up or not?
-If it always goes up, why do the majority lose?
-Is there a similarity? Does it always have to be similar?
-How do we recognize meaningful textures? How do we distinguish between cycles and meaningless similarities?
Are altoins long-term or cyclical?
-But could it be different this time?
Cycles and similarities actually exist in every aspect of life. In living beings, inanimate beings, radioactive elements, our planet, the universe, the devices we use, products, history, sports and the part that interests us - the markets.
As long as humans and markets exist, these cycles will continue. If human behavior is similar across time, the consequences of human behavior should be similar. So, what do we actually see in the graphs. "Consequences of human behavior
Within cycles, there will always be new winners and losers.
This is why the stock market exists. In order for the last losers to win, new last-comers must enter the market (new cycle).
Cycles in crypto are faster than in general markets. Cycles that used to take almost a human lifetime in classical exchanges, commodities and exchange rates have now been reduced to shorter periods due to the speed of life, the impact of technology and the increase in the number of investors.
Another reason for the speed in crypto is that the market can be traded 24/7 and 365 days a year. Within a year, we see more transactions and more movement in crypto than in other markets.
The crypto market is the most suitable market for the speed of the new world (technology-fashion-obsolescence-consumption speed, etc.) and reflects the speed of the age. Fast technology, fast fashion, fast communication, fast human relations, fast production-consumption; and of course fast MARKET.
The increase in speed in every aspect of life would of course also affect the markets. There are good and bad sides to this; very quick losses and very quick gains.
Reasons for rapid losses and gains:
a-) The market we are in is not regulated (rule-law),
b-) The fact that its technology is very new, that its technological part is understood only by a certain segment of the population, again speaking for the world in general; +
a very minority group is only capable of distinguishing right from wrong with their own analysis,
c-) With just a phone; it can be operated very simply by everyone (young, old, rich, poor, educated, uneducated, women, men, etc.) regardless of class, gender, age
What do I mean by the above?
a-) Lack of supervisory and regulatory rules; There are no regulations protecting investors in this market. In other words, our money is not protected or insured by any state-institution as of now.
As you know, when there are no rules and when there is big and easy money involved, people with bad intentions end up here. The fact that it's easy to issue tokens, that there are no rules for creating tokens, selling them, marketing them, advertising them
Limited number of shares in the stock exchanges and too many rules for going public (according to crypto=) ) So coins come out almost every minute. Exchanges can be easily opened in tax haven countries,
Easy (low-cost) listing of coins on decentralized exchanges or shitcoin exchanges. It is easy to issue and sell tokens as if you were creating an asset from scratch with no strings attached, and it is very easy to sell during bull periods,
No penalties for marketing and manipulating Shitcoins on Social Media. Since it is the most risk-averse market in the world, rug-pulling is considered normal by investors.
Experienced malicious people can make big profits in a short period of time at a low cost. (We have seen many examples of the bull, which we have seen many examples of before, hitting 4-5m USD with a cost of $ 50,000 and escaping - advertising, shilling, etc.).
b-) Incompetent people believe in everything and enter into direct transactions without knowing and learning (creating volume) (small money - many transactions) Experienced investors make fewer transactions with more information and analysis (big money - few transactions),
On the contrary, inadequate or new investors taking more transactions with sudden decisions and feelings, "More transactions, more money perception", stock market advertisements that push believers to make more transactions (Exchange = gettin commission income)
Are altoins long-term or cyclical?
To put it crudely: The more shitcoin an Altcoin is, the more cyclical it is (i.e. earn during the trend and run away when the trend ends). The more quality and proven Altcoin is, and the more it solves a problem, the more long-term it is.
You can look at Altcoin/btc parities to see what I mean. Very few Altcoins have been able to show a sustainable increase against BTC and only in certain periods.
Does the crypto market always have to grow?
Unless there are very harsh regulations or bans, "Yes" against paper currencies. it doesn't matter whether it is usd, eur or gbp.
Content of cycles:
Briefly: 3 periods Decline from peak > accumulation > ascent
Bottom level base formation, saw zone, pre-rally, disbelief, aggressive rally.
Afterwards, the cycle repeats according to the conditions of the coming days.
Although the cycles follow one another, each cycle is different from each other.
That is, the periods of decline-accumulation-rise can be of different lengths. Depending on the conditions of the period, there may have been a very long uptrend. This may be followed by a very long and sharp correction. At the end of a weak trend, the downturn may be short. We will examine the details on the charts.
When we enter the accumulation period, the price has realized the bottom formation and the products sold at the peak have started to be collected again at low cost by the big players (capital, whales, rich people, masons, 7 families ruling the world, whatever you want to call it:) ). This process can be long or short depending on the period (see chainlink)
Sometimes markets can recover quickly with a V shape (rapid decline-fast reaction) (covid period). Sometimes we see a saw in a certain narrow price range at the bottom. (Btc 2015-2016) The aim is to collect goods without raising the price and without making it obvious.
Understanding the cycle through Doge?
Dogecoin was launched in December 2013. In December this year, it will be 10 years old. That's a long time for the crypto market.
We have witnessed 3 different cycles of Doge in these 10 years.
1. Trend > It took 476 minutes to fall from its peak to its lowest point. It then rose from this point (not forming a new bottom) and accumulated. This up and down process lasted until February 2017. This is where the "doge-style bullish" phase, as we will later call it, began. In the region where this uptrend started, it gets support from the 100-week moving average (100w sma) and the move begins.
Level 1: peak zone
Level 2: Intermediate transition line (Important support-resistances are in place)
Level 3: Bottom and Accumulation bowl
2nd Trend > The uptrend that started in February 2017 continues until January 2018 with 2 stages. The 3-level structure is also seen here. The decline from the peak to the low lasts 798 days. The upward break of the trend lasts 910. Here, too, the region gets support from the 100-week moving average (100w sma) and aggressive action begins. We can say that the rise until May 2021 is again in 2 phases.
Trend 3 > Along with the whole market, Doge's trend turns bearish in May 2021. The lowest level we have seen so far in Doge within this trend is $0.05. 833 days have passed since the May 2021 peak. We are below the 100-week average and the average is now at $0.11.
What's important in this Dogecoin cycle chart;
3-level structure
Time from peak > trend breakout
Position relative to the 100-week moving average
Aggressive 2-stage bullish moves starting after the trend breakout.
Explaining it through Doge is easy for both the narrator and the reader. It shows the cycle clearly. I have prepared multiple doge charts, you can review them.
Are there similarities, and if so, do they always have to be similar?
Capturing similarities and using them meaningfully
Similarity does not always have to be in every product. Different actions may have taken place in very different scenarios. The important thing is to find the mathematically meaningful similarity and draw conclusions in a way that is useful to us.
Similarity is not just a resemblance of shape when viewed from a distance.
It must be confirmed in many ways and temporally proportional.
It should also be possible with important indicators such as Rsi and moving averages.
Just as technical analysis is not just 2 lines, similarity is not just a resemblance of shape.
It should also be kept in mind. Cycles and similarities are most meaningful on long-term charts
Siacoin
XRP/BTC
VERGE
Digibyte
Bitcoin (BTC) in 2023: Transitioning into a Bull Cycle High-Level Overview:
As we progress through 2023, it appears that Bitcoin (BTC) has transitioned into a cycle impulse wave, a bull run in a five-wave structure, from the bottom of the recent bear market.
Within this cycle impulse wave, we are currently in the first primary wave, which is projected to climb up to the 39-40k range.
However, this upward trajectory is not without potential roadblocks. Following this initial surge, we can expect a primary Wave 2 correction that could pull BTC down to the 22-24k range by the end of the year.
Short-Term Details:
Drilling down further into the structure of this first primary impulse wave, we are currently in the intermediate Wave 5. This wave could potentially drive BTC's value up to the 39-40k mark by the end of September.
As part of this intermediate wave 5, we are presently in a minor Wave 2 correction. This correction phase may see BTC's price finding support at the 28-29k level.
Following this correction, we anticipate a strong minor impulse Wave 3, potentially pushing BTC up to the 1.618 Fibonacci level, which equates to around 36k.
Subsequent to Wave 3, minor Wave 4 is predicted to retrace but should not drop below the top of Wave 1, thereby maintaining a support level of over 31.5k.
Finally, after this minor Wave 4 correction, we should see the final push of minor Wave 5. This final wave within the intermediate wave sequence could see BTC hitting the 39-40k target.
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Disclaimer: This analysis uses the Elliott Wave Theory, volume profile, and Fibonacci retracement levels for technical analysis. However, financial markets are inherently unpredictable and influenced by numerous factors. This forecast is not financial advice but an interpretation of potential market movements. Always conduct your own research and consider your risk tolerance when making investment decisions.
Please keep in mind that the Elliott Wave Theory is highly subjective and open to interpretation. In addition, real-world markets are rarely as neat and predictable as theoretical models, so anomalies and irregular patterns do happen.