Cycles
BTC divergences 2017 and 2021 side by side. Corrected. So, following the theory that we are repeating the 2017 cycle but with the plus that we also are repeating the divergences from that year, on my previous ideas I put the short target down to 42k/30k based on the smaller divergences results: the price correction coming out from the divergences take the price down to the same price as when the divergence started. BUT that rule didnt apply for the big 2017 divergence, it only applied to the smaller divergences within the biggest one .
According to that same rule, we already touched the bottom price for this current divergence.
It only worries me the fact that this last divergence took a long time to develop and we are kinda stuck on the same price. Anyway we should start the bullrun again from now on.
Bitcoin reaching the $65.000 target, what's next?Almost 2 months ago, i shared my thoughts about Bitcoin and it's previous cycles. (link below)
The course seems to follow the path quite exactly as I had shared before. Better than I expected.
What's my next target?
I'm looking at ~$95,000. This is purely based on the previous cycles. But as it stands, we look pretty much on the same route as before.
Thank you for checking my analysis!
Do you have tips or other comments? Tell me please! I'm open for feedback!
GOLD. Short TP ~1700 before price up for wave B (red circle) Short Gold to or waiting to long @ around 1700 for price trending up for wave B (red) (circle) of Triangle. As Gold Price forming double bottom or maybe triple bottom at strong monthly demand zone.. Gold may resuming its long term bull trend...
BTC RUN OVER - WE WERE TRICKEDhavent seen anyone speak about this yet so validity can be called into question
it is possible that we have finished our cycle, which is actually a continuation from 2013 & 2017
a triple-three here shows how that could be possible with what we would of referred to as wave 4, taking for granted you have the tolerance to look at something this messy
inside the primary triple-three is another triple-three which is composed of zigzags, the only contingency that could be addressed is the fact that the 2nd wave (X) on the primary triple-three should be using 0.854 instead of 1.236 - we can easily use 0.654 after the impulse post-covid and we arrive at the same spot, its just that impulse needs to be evaluated (which probably includes inserting another complex correction somewhere)
could a correction of this complexity be honest or legit? human behaviour is odd
WTI before decisionThe short-term downward trend, since the movement high of 8 March, continues to hold the black gold of the global economy in check. As can be seen impressively, US WTI oil has already been clearly rejected from this trend line several times and especially just yesterday at the start of the week. Monday's setback almost took it back to support at USD 57.40. Accordingly, the tension could not be greater. A defence of this level still allows a quick upward reaction to 62.00 USD. If there is further buying interest, a reaction to the level of 66.00 USD is possible, before the round 70.00 USD mark could be put on the agenda again. However, the dominance on the long side should come into play immediately.
If, on the other hand, the support level of USD 57.40 is abandoned, one would have to take into account an extension of the price weakness to the next support level at USD 52.00. A dip below this level would be a serious threat to the price. A dip below this level would be critical for the further course.
GBP/USD bearish for the momentAs we can see the pandemic is rising for third wave on Europe and the UK and on the other hand
USA vaccine is doing some work there so we looking for some bearish momentum for this week
but on the bigger cycle GBP/USD will go up do to USA big issue with printing money and coming inflation
lets see what will happen this week
BTCUSD BTCUSDT Remember 2017 divergences CORRECTED IDEAJust a reminder we already had 3 small divergences within 1 bigger divergence back in 2017 cycle which took us from 5k down to 3k in just 2 weeks before starting the biggest bull market from 3k up to 18k
Current 2021 cycle may take us from 50k to 30k and then up to 180k or 240k. Who knows.
DYOR and take care