GOLD Short Term waves updated 12 March 2021Gold Final Leg Down of Wave A (red, circled ) of Triangle.. Tp 1 @ around 1600, Tp 2 @ around 1560 ( which is Fibo 0.50 % from Dec 2015 low, The Cup bottom line / parabolic arc line, weekly trend line muti - confluence zone/area ) , Sl @ 11 March 2021 High...
Cycles
My Bitcoin Price action Cycle Model Disclaimer : I am not Your financial adviser this is not financial advice ... Never invest more than you are willing to loose ...
Quote: History does not necessarily repeat but at times it sure does like to rime
My intentions : I would like to get exposure for a pattern or perspective I have on Bitcoin and its price action in relation to its halving cycles
Thoughts: 1,2,3,4,5??? If price action plays out like it has 4 times before then the blow off top has price action going up to $900,000 or $600,000
I have coloured the cycles purple blue cyan green yellow orange ...
Credits :
//---- Inspiration ----//
@HBK_INVESTMENT_GROUP : ("JUST GONNA SIT THIS HERE.......... Oct 21, 2020")
//---- color array script ----//
@alexgrover : (A Useful MA Weighting Function For Controlling Lag & Smoothness)
//---- Colors used in script ----//
@midtownsk8rguy : ( Pine Color Magic and Chart Theme Simulator)
//---- Halvings Script Creator ----//
@capriole_charles : (Bitcoin Bull Cycles)
The global Macro environment is also quite good for Bitcoin Money printer go Brrrrrrrrrrrrr rrr rr r
Webster’ American Dictionary of the English Language, published by G&C Merriam Co. in 1864, was the first to formally define inflation as an economic term:
undue expansion or increase, from over-issue; -- said of currency.
Btc is potentially an exit from the Debasement of the fiat currency which is the theft of our time and energy ...
My final thought is that obviously this model is far more bullish than most other Macro price action Bitcoin models
Models like : the stock to flow or the log curves classic staples
Thank you kindly for your time
take care
Cycle at the bottom. From feb 17 2021 to today morning we can see a down move based on the Cycle momemtum indicator the correction(dip) aprox between 2% or 3%, the option spread hold between the correct range until the expiration date giving us a sucessful trade at the end. Now we can start thinking in the next trade as we are at the bottom of the cycle. Buy the dip!
Silver – Cyclical turning datesTurnaround dates (highs and lows) can be calculated in advance using our proprietary models. The turning dates have an average tolerance of about three trading days. In 80% of the cases it is even only two trading days. This gives us a very good directional filter in advance within our analysis methods, with which we have been working successfully for many years.
Thus also in the current example to silver numerous turning dates could be limited very precisely.
Current environment:
Silver has been in a technically clean uptrend with rising highs and lows since around mid-December. The backed high of February 24 (cyclically calculated turning point) has arrived with a tolerance of one day!
Currently, a further price decline is to be expected until around March 01.
A temporary stab through the lower boundary level of 25.90 USD cannot be ruled out. Then, the price should experience a stabilization and lead to an approx. 2-3 day upward impulse.
Note:
Three special analysis methods are used within our trading strategy. In this article only partial aspects were published and represents neither a complete trading system nor an investment advice or purchase recommendation.
When in doubt follow the money!Just a mental roadmap of recent !important! events in crypto (/general market) fibbed out into cycles on top of tether's marketcap.
It seems we are due a decent "cool down" period soon, as this also starts to align with other macro indicators I'm starting to get even more convinced (VIX, DXY, 10y bond yield).
Feel free to share your thoughts with me, I'm open to all meaningful dialogs!
Together we can only improve.
We are one, we are legion!
Bitcoin Cycles Possible reversals/tops for Bitcoin in the coming weeks and months. The cycles and levels are calculated with different time and price pivots from the past. There are different possibilities, on the one side we could see the 2013 cycle as a kind of "super cycle" with two tops followed quite closely in time. Or we could leave out the first top in 2013 and just take the second one into consideration.
S&P500 - the turning point warns!The S&P 500 is bursting with strength and so it is not surprising that the index made another new high just these days. The bulls remain persistent. Nevertheless, in the context of today's turning point, the weakness of the last few days could well extend and initiate a countermovement. Together with the upward trend line that is at stake, a downward trend is therefore possible until the start of March. With prices below 3,884 points, the index should fall back at least to the support at 3,840 points. If the dominance of the short side persists, further covers/closes could lead to a rapid slide towards the support at 3,750 points. The index is well protected there. Thus, within the framework of the turning zone at the turn of the month, it should be able to start again from there and head north.
Below 3,700 points, however, the situation becomes critical. Just as the bulls are likely to unleash further upward momentum with a rise above the level of 4,000 points.
An excerpt of past turning dates:
- S&P 500 high 19 February, tolerance ? days
- S&P 500 low 02 February, tolerance 2 days
- S&P 500 high 26 January tolerance 0 days
- S&P 500 low 14 December, tolerance 1 day
- S&P 500 low 20 November, tolerance 1 day
- S&P 500 Low 30 October, tolerance 0 days
(Our turning dates have an average tolerance of 3 days. 80% of the time it is 2 days).
Notice:
Three specific analytical methods are used within our trading strategy. Only partial aspects have been published in this article and it does not constitute a complete trading system, nor does it constitute investment advice or a recommendation to buy.
Gold on strong supportIn direct comparison to silver, the past trading days were extremely sobering for gold.
Since the movement low on November 20, the noble metal could only gain a meager 1%. Silver, on the other hand, shot up by a staggering 24% during the same period!
Where do we go from here?
After the previous downward impulse, gold (XAU/USD) is in the consolidation zone that has existed since the end of November. Currently, an exhaustion of the current movement fractal can be seen, which makes a corresponding reaction on the long side likely.
Provided that the aforementioned support level (green zone) is not sustainably undershot, the following reaction extent on the long side can be expected from a statistical point of view:
Minimum correction: 1,801 USD, probability of occurrence approx. 67%.
Normal correction: 1,811 USD, probability of occurrence approx. 50%.
Maximum correction: 1,821 USD, probability of occurrence approx. 33%.
If, on the other hand, the USD 1,764 mark is broken, further markdowns are to be expected and the situation will have to be reassessed.
Note:
Three special analysis methods are used within our trading strategy. In this article, only partial aspects were published and represents neither a complete trading system nor an investment advice or purchase recommendation.
New Position with 5% buffer to the down side. This is another posistion based not in new or in any other indicator but only the cycles of the market, at this moment we can see that the momentum indicator is in the over sold and today we have a down move a very little down move, the implied vol was up a little bit so in order to obtain quick gains until the end of Feb the option spread si ready for 5% buffer to the down side, if goes up, side ways or down but not more thn 5% we earn money. We'll see beacuse you know who know to which directions the market will go. Nice trading.
Silver - An exceptional situationThe silver price (XAG/USD) has been in a technical uptrend since mid-December, with rising highs and lows.
The precious metal clearly outperformed gold in recent weeks, which is why we clearly prefer this asset.
Already in July last year, we had drawn attention to the very high gold-silver ratio and the historically exceptional situation in silver!
The following chart illustrates this very clearly.
On the current situation:
The directional filters are long from now on. Provided that there is no sustained break of the support at USD 26.70 and USD 25.90, we expect a further price increase to the upper boundary level between USD 29 and 30.
We advise caution around February 24 at the latest! Then, the momentum should flatten significantly, which makes a multi-day decline very likely.
(Our turning dates have an average tolerance of 3 days. In 80% of the cases it is 2 days).
Note:
Within our G.I. Swing trading strategy uses three special analysis methods. In this article, only partial aspects were published and does not represent a complete trading system, investment advice or purchase recommendation.
DAX on the way to a reversalThe German leading index DAX seems to be getting more and more stuck in the area around 14,000 points. Should there therefore be another upward impulse before the imminent reversal date on 19 February, this would be an interesting opportunity to start a possible short exposure. Looking at the end of the month, a downward trend towards 13,800 points is more likely. In the event of a possible correction, one should even have levels in the area of 13,400 points on the agenda. There, the index looks well protected for the time being, so that short covering could occur. These in turn should lead to rising prices.
If, contrary to expectations, the DAX is able to establish itself above the 14,000-point mark, the level of 14,500 points remains in the sights of market participants. Above this level, the level of 14,800 points would become interesting.
Note:
Three special analysis methods are used within our trading strategy. Only partial aspects have been published in this article and it represents neither a complete trading system nor investment advice or a recommendation to buy.
Looks like silver is about to make a large up move.Silver closed strongly this week, however that is not surprising. All 4 cycles are up - the large cycle, the medium term cycle, the daily cycle and the hourly cycle.
At the same time, silver with about 6 hours left of trading yesterday made a push higher just in tact with the recent trend line and closed back above it on a weekly basis - signalling us to go long. It is very interesting to observe how perfectly trend lines work, pure magic.
As long as we don't get a close below 26.9 - the buy signal remains. I expect silver to reach the 32.5-33.75 trading range by February 23rd, then we could potentially stall out a little bit till cycles bottom early March before the next up leg that will take us to 40 in mid April. Remain tuned for fresh updates. Today I will post several more updates regarding related instruments and prove the fact that silver is about to explode. Remember futures trading involves a substantial risk of loss and is not suitable for all investors.
Thanks a lot.