The S&P 500 hit the green diagonal lines and a horizontal nodal line of a Gann-inspired diagram for the first time during the decline and is now bouncing higher (see supporting chart in the comment section below).
Bitcoin started moving higher again from within my previously mentioned cycle timing window. Will price break the all-time highs again?
A quick video to show you potential turning dates/periods for BTC using cycle analysis techniques that I have found to work extremely well on Bitcoin. Most of the cycle dates in the video are clearly shown after the fact but we have another cycle dated fast approaching. Will BTC reverse higher again within that time period? Stand by for more video updates!
My yearly cycles on Gold indicated an intermediary low on the 20th August 2018 followed by a short rally higher (probably a correction). My cycles indicate another low or double bottom to complete around the 29th October - 11 December, before price will trade higher again (possibly). Watch your technicals for a sign of increased volume during the next probable...
My yearly composite cycles on the Dollar Index points to a possible high around the 28th August - early September. I would suspect that price may even reach the 0.618% Fib retracement around the 98.000 level before a possible decline. The cycle suggests that price may trade lower until early December. If price does make it that high and technicals point to a...
Crude Oil has been following my cycles pretty well this year. I published a trade idea back in early May, which shown my preliminary cycles. I updated them again and price has been following the new projections very well. On the chart you will see 4 colored boxes which I described as phases (nothing to do with Elliott wave), which clearly shows that the cycles...
Hello everyone. Using the cycles that BTC/USD generated during 2013 and 2014 and projecting them forward (black lines), show how they are starting to synchronize during 2018. The black lines show peaks and troughs which act as important dates for a change in intermediate trend. What is even more interesting is the repeating day counts that repeat over and over...
Gold (XAU/USD) may end this downward move it has been experiencing in what counts well as an Expanded Flat Correction. It's a bold prediction but if correct it will lead to massive upside gains. Regards Richard K
Some good cycles hitting in Crude Oil. The Black zigzag lines are only cycles and not direction! Some of the arrows only run on the cycles but the arrows with red or green boxes with them run on the cycles AND previous anniversary dates. The time lines on the right of the chart (in the future) line up with the black cycles and previous anniversary dates. Will we...
Hi guys My only concern with ETH at the moment is that the drop in price from the recent highs could count as a 5 wave down. If correct then that could have been the minor count of an A wave, meaning that the B wave is underway which could end soon. If this proves to be correct then the C wave will cause ETH to drop lower than the A wave before ETH actually gets...
BTC could be experiencing a temporary decline towards the lower red warning line of my Schiff pitchfork in an a-b-c type format. Whether the move upwards was a first wave or part of a much larger correction remains to be seen but should price make it lower towards the lower red warning line then I would expect BTC to be testing higher prices that could eventually...
If BTC is in the latter stages of a correction then the chart shows where that may happen. I do not label my waves like the "pro's" but only in a way that make sense to me while adhering to the same EW principles. It would be interesting to see if this scenario can play out but a strong move below that zone and BTC could be in serious trouble (if not already).
If Bitcoin can bounce higher from current price levels then we could expect wave E of a Descending Triangle to complete within the mentioned price zone. A drop from current levels will invalidate the idea. Should a wave E reverse from the price zone THEN a target of 8000 -9000 should be achievable.
Bitcoin might be setting up in what looks like the final stages of a descending triangle. A move higher into the marked zone could complete wave E for a shorting opportunity towards the 8000 - 9000 price level. If price drops further form current levels then the triangle setup idea will not be valid anymore.