thomasula

thomasula

In recent weeks we have seen a good rally to the upside. It was a strong and impulsive move but was it too much? IMO we are going to see a quick pullback before resuming this trend. The volume on the bottom does not convince me that we have seen the Bottom yet. We shall see

thomasula

Disclamer: I am using a lot of astrology in this analysis. Plus do not get disturbed by the colors :D. In this chart I looked at the grand cycle and how long does it take to coplete it. As you can see one cycle took about 35 year, while correcting for about 10 years in each. Now we have very high valuations on the stock market and definitely due to a correction....

thomasula

This trend seems to be unstoppable right now. As they say: "Trend is your fried" right?. Well... until it isn't. Stocks are very inflated and this stock market and crypto mania seems to get stronger and stronger. How long will it last? Nobody knows I suppose. Stick to the trend, take profits and pay attention.

thomasula

Every move on the markets has some psychology behind it. It is most noticible during long corrections because people get frightened, excited and bored. Notice that this scheme could apply to most corrections especially on crypto where the emotions are felt the most.

thomasula

The USD has been on a relentless ride for the last few months. It was gaining while other asstets were rising in price too. So many people are scared of inflation, yet the dollar is performing really good. I gave up on catching the bottom on this pair as it was simply not worth it. Now it seems like this could be some local bottom. I do not advise to trade forex...

thomasula

Something very similar has already happened on Gold. Will history repeat?

thomasula

Just a brief similarity between BTCUSD and the S&P500. Both were in the corrective move. BTC has broken above every major trendline and S&P might be on its way to do the exact same.

thomasula

Here is my take on a detailed EW analysis on BTCUSD pair

thomasula

Bitcoin has been accumulating for a while. It was not clear up until this point wheather we break up or down. If BTC holds this level, it is pretty likely that it will go higher somewhere to around 50k and than we shall see what is next.

thomasula

Quick elliott wave analysis of the S&P500 15 min. chart. Looks like this correction is not over yet but despite the bearishness around the markets, it's looking pretty good so far. That could obviously change any minute. STAY FOCUSED

thomasula

This could be the greatest FOMO ever seen. Everyone was extremly bearish after Evergrande, FOMC and FED press conference week. Yet we were really close to ATH and the decline was rather smooth and technical. A lot of people are holding cash on the sidelines, while worried about THE BIG CRASH. Is it what we are going to see? Or will we witness a grand FOMO season?

thomasula

We are just under all time highs and there is so much fear in the markets. Even major indexes are volatile. During these times, I like to sit back and watch for opportunities as they present themselves. Maybe start to build some longer term positions. Finding the bottom is always very difficult but as you can tell from the picture, it should be near. I...

thomasula

The Dollar currency index is making some big moves. I tried to predict the correction top but the dollar cut through that like butter. I had to make some adjustments to my analysis. My bearish bias still stands unless we take out the major high at 93.73, until then I am looking at the level of 93.474 for a possible reversal. I believe that the DXY is the single...

thomasula

I have been following the Dollar Currency Index very closely for a while. It has rejected the breakout on a higher time-frame but still hesitates to make some sharper moves down. In my last twitter post I tried to guess the top of the correction wave and I was wrong by quite a bit :D. This was because I was impatient and that is why you always wait for...

thomasula

I tried the harmonic EW on makro BTC picture and found some pretty consistent patterns. For exaple: The third wave of last wave C in bull markets tend to be very over-extended and stall around the 4.618 extension level and 0.236 level on the fib channel (which I mainly use as parallel trendlines but it is interesting nonetheless). Both Bull and Bear markets...

thomasula

This could happen tho...

thomasula

Recently, Bitcoin has become more corelated with the stock market than ever. This makes sense, since more and more people know about it. But there are still noticible fluctuations here and there. So, I noticed that most of the time, when Bitcoin creates some significant local high, this also reflects to the stockmarket (usually done so on a high corelation). But...

thomasula

Bitcoin has reached another breaking point in its lifetime. The developement and sentiment around the cryptocurrencies is getting progresivelly more bullish. Recently a decline in the Bitcoin market cap dominance has occured. This may signal an alt season that we are begining to see right now. This could also be a kind of a warning signal that the cycle is getting...