Trends to watch in 2022. Charts trending hard which is my favorite kind of chart, possibly could be good into the next few years...
The data on the chart is simple. When BTC tests and bounces off of the 20W EMA and then proceeds to put in an ATH.... It never trades below the test price again. Which means that $43K would at the very least be the bottom of the next bear market unless BTC Tests the 20W higher or does something it has never done.
Low risk long term bullish entry imo...... chart is inflation adjusted (divided by FED money supply data) Another way to think of this is chart symbol is "what percentage of total liquid dollars does the SP500 account for?"
The chart on the left is SP500 as a proportion of the total dollars available. We can see that the percentage of funds allocated to the SP500 is actually just now hitting the highs of 2008. All the action from 2009-2021 was below the 2008 peak. DEC 2021 broke the 2008 high for the first time in 12 years. It is logical to expect SP 500 to continue to move higher...
Trading view won't let me publish a lot of the indicator scripts I have written due to the code base upgrades and other factors. So this one is pretty simple and I think it can be covered in an idea. This indicator simply says buy when the 14 period RSI goes over 60 and sell when rsi goes under 40. Super simple and basic but when applied to the right markets it...
Posting this up to see where it is in the future . .. .
Would be ashamed if I didn't post this chart when BTC has given us such a perfectly crafted opportunity to watch this Play out. Let's see what happens.
Before I devoted to long-term trend trading, I used to scalp lower time frames. This was my favorite pattern because of it's well defined rules. Similar to many other Harmonic Patterns each leg had very specific ratios to consider its validity. It has well defined stops and targets. Really good pattern because it shows up so frequent across all charts,...
posting this up to see where it is in the future.......
Removing the Hype of Altcoins, BTC Has generally ranged sideways in 2021 compared to BTC bull expectation. Even if DEC & Nov rally to $80k, 2021 will come in below the average annual return -which is around 200% Unexpectedly 2021 looks to be a consolidation year creating an opportunity for 2022 to be explosive. comparing annual returns of consolidation years...
Fractal could play out this way showing a Limited upside against BTC. $ value of EthUSD can climb but it will be accompanied by large BTCUSD gains if BTC sees adoption as Investment Asset pushing BTC into the 125k+ valuation against USD. ETH 2.0 unlock allows supply dilution into 2024 Bull cycle following the halvening. Let's watch and see what happens.
Posting since I have not seen anyone mentioning this.. EthBTC Monthly seems to be replicating activity printed on the 2016-17 weekly chart. Looking the current monthly chart the similarities are pretty straight forward. Assuming BTC stays within 85K to 130K range .. ETHBTC chart fractal puts interesting dollar figures on Ethereum valuation. Let's see how...
posting this up to see where it is in the future....
Good to view other charts to understand possible volatility patterns in bull markets... posting this up as reference not prediction The end of a bull market never FEELS like the end.. and there are always unforeseen shakeouts before you reach "the end" Have to keep an open mind about what can happen.
posting this up to see where it is in the future...
Fun to see what will happen. This IPO rule says don't trade hyped IPO's until the chart retraces 50% from IPO open price OR 50% from the initial IPO pump high. We'll watch this chart to see if Coinbase COIN plays along these rules even though we are in a crypto bull market.
posting this up to see where it is in the future...