BTC History of Bull Market CorrectionsWeekly 25/50 EMAs play a strong role in bull market corrections.
Tested as support -> bull market consolidation
Lost as support -> bear market beginning
If BTC reclaim 42000 (green 25 EMA) -> bull market consolidation
If BTC loses 34000 (blue 50 EMA) -> bear market beginning
Cycles
We keep comparing fractals BTC 2019-2021 Last April I made a comparison of fractals towards a bear market and it was carried out, we currently see a recovery but how true can it be in the face of a bullish break? We can get to have a bulltrap and come back again and double-bottom in the 30k. Otherwise, we can break well and head towards the 44-48k level in case this is done in a good way, we could visit a double top or if we draw a fibonacci extension in the medium term, go towards 100k but in the case that not If it happens, we could head towards catastrophe and visit not only again as a triple floor at 30k, but 24k at the base of our canal.
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Gold. Leading Diagonal maybe not completed yet. 9 June 21Gold possible still forming its leading diagonal pattern. Currently in wave 4 (yellow) ( possible any type of bullish triangle pattern )..Price could hold above 1850, the next support could be around 1870.. before ending its leading diagonal at around 1960...
As per Cycles how USDCAD will react ?here i updated my cycle levels where to take bottom & from there where to reach with time frame, its purely based on W D Gann cycle analysis. if i am right very soon we getting usdcad bottomed out, be ready for some good up swing, also as per my cycle theory usdcad trading at bottom of the layer cycles, in my classes i suggest to all (SELL) trade light quantity at bottom of the layer cycle, Do some big quantity ( BUY ) at bottom of the layer cycle.
Better to watch keep my sl , if sl trigger then new layer going to open, but its very rare, let us watch...
When to Start/Stop Selling Cryptocurrencies? Ask the W+M RSI.I have felt confident that I would know when to buy at the start of a new cycle, but the question of when to sell has always left me feeling clueless...until now.
As an example, I am using the ETHUSDT weekly (main chart in this post) and the ETHUSDT monthly chart (see attachment below). I believe this startegy can be applied to most cryptocurrencies; providing they have been around long enough to have a monthly RSI.
Prove this sell-off plan wrong:
1. Monthly RSI closes >70 + Weekly RSI >70 = start selling 5% - my personal allocation (green horizontal line)
2. Weekly RSI closes <70 = stop selling (red horizontal line)
I hope you find this useful and I am very inetrested to see what others have to say. Feel free to share your strategies down below in the comments section.
Cheers.
GOLD short for for wave A (yellow) of expanding flat. 3 June 21Gold , short for wave A (yellow) of the expanding flat. Stop Lost at today ( 3 June 2021 ) high 1910... Target Profit around 1950-1940 ( where there are the "zone" for demand /4 hours 200ema/ daily uptrend line and pullback area for monthly down trend breakout) untill next Monday after this coming Friday NFP..