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Cycles

Expected Correction for US30 (Weekly VIew)This relates to my ideas 2 weeks ago in which I correctly anticipated the downturn but the pace was more pessimistic. I originally estimated support at 32200 last week, now I expect around 31K somewhere this month. It will be seen then whether we would proceed to a full crash or we will continue at the green trend line seen in the picture. I guess it would be the latter. Many are talking about fear of inflation as the reason of this downtrend. My analysis confirms that it's actually an end of a cycle as we hit a major Fibonacci resistance as seen in the chart. Perhaps, they are the same, fear and cycles, I mean, but a cycle is more measurable, so I am sticking to it. As we can see, the road upwards with the current trend is full of hurdles that could only be overcome with a massive buying force, which is unlikely due to many reasons, fear of inflation being only one of them (another is the decline in retail investing as life goes back to normal). If we are corrected to 31K, the road becomes much clearer and we can continue upwards, perhaps, with the slower pace of the pre COVID19 market.
UShort
by MontyMacht
3
AMERICAN AIRLINES - Up 12% since last postOne of the last 'Hidden gems'' trades of the covid era, American Airlines could be a nice flight to Money-Land. With airports opening and people around the world ready to fly and travel again, AAL stock is up over 12% since last post and technically the price is in an ascending channel and should rise to test the 30-32$ resistance with potential of breaching over towards the normal 50-55$ levels. Let's travel guys and don't forget to visit CYPRUS for your holidays. (come visit me in Limassol) the FXPROFESSOR
NASDAQ:AALLong
by FX_Professor
BTCUSD: Daily RSI Hints at Different Rythm in This Market CycleNo big revelations, just an interesting observation. What can we know from the RSI? The RSI is a momentum indicator. Looking at the daily RSI and price during the last market cycle (#3), it looks like there was a consistently strong up trend through-out the bull market and although there were corrections, this did not "stall the engine" . This time there seems to be clear 2 larger cycles; with larger pull-backs, instead of many small ones. Looking at the RSI on the weekly chart (see below in updates), it is clear "the balloon was kept in the air" throughout the last bull market; never going below 54; this is not the case this time. My assumption is: as the cryptocurrency market matures, people are more confident thus the larger and longer upswings. People also need to take profit especially those who have been in for many years already; this explains the corrections of course. Prediction: there will be 1 more larger local cycle before the next bear market. Any questions of comments, leave down below.
BITFINEX:BTCUSDLong
by fifty2kph
17
BITCOIN: Momentum slide DOWN; 30%+BTCUSD The LO pivot points this year have set up the potential for those stops (under these levels) to get triggered in succession beginning with the April 29th pivot last week. Each RED level will provide either very short-term support or will exacerbate the selling momentum, triggering SELL stop orders for the break-out trader and clearing out the long's remaining SELL stop orders, increasing the selling volume down to final price support at the Jan/Feb LO's (YELLOW line). I will be selling through these RED levels building a position as it capitulates. As with any thesis and preparation, what if these levels prove as support? Then we have HI resistance above in the RED zone upwards towards 75k. I'll trade accordingly.
COINBASE:BTCUSDShort
by ProSTrades
BTC MACRO RANGE & RSIBTCUSD Monthly Taking a look at the MACRO TF. It will be interesting to see if BTCUSD can break the Monthly Resistance & reclaim previous high. It is still 22days until the next candle so there is plenty of time left within the current session. Also identifying Month Support and comparing it to previous Bullrun of 2017. After BTCUSD failed to reclaim top of 2017 it fell to Support and rejected multiple times. NOTE: RSI was also extremely overbought during 2017, as it is currently also. What range do you think price action will operate within this time if we follow and repeat the cycle? "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
BITSTAMP:BTCUSD
by Trader_Johnni
1
Gold. Leading Diagonal Still Valid. Updated 8 May 21We are @ wave a (green, circled ) of Final Leg Up of wave 5 (yellow) of the leading diagonal pattern. Price of wave a (green, circled ) (maybe) will reach @ around 1850, Before retrace back to daily 200 ema and the trendline @ around 1800-1790 before final leg up for wave c (green, circled ) and wave 5 (yellow) to reach @ around 1860, where there is a confluence area / intersection between the upper trendline of leading diagonal and longterm downtrend line from all time high @ around 2070 P/s In Inside any impulsive 1,3,5 waves.. There has been "always" only a,b,c subway NOT 1,2,3,4,5 waves!
FX:XAUUSDShort
by SteveTan
2
VERY important moment for BTC on daily DISCLAIMER: below are mostly bearish thoughts, but don't worry - BTC will touch 60-62k for sure even if it start retracement after. I see similarity in BTC charts with my EMAs now and on January 2018. I will show you the charts to compare. Pay attention to blue VWMA - it always act as very strong SR. Either reject price or cause a strong impulse on breakout. At all timeframes. But the higher the more important as you know. Day timeframe: 4H timeframe: Last top at 4H actually looked a lot the same as what we see now at day timeframe. Hopefully it will be a breakout. I always foreseen ATH for December 2021 =) Cycles are cycles. You can't break the tradition, especially with so many bullish fundamental changes coming in.
COINBASE:BTCUSD
by WiseAnalyze