We live inside the 1st wave of the final 5 of US empire Think of every wave as technological boom and combine it with world history. US is heading toward the end of its empire in the next 30-50 years and ASIA probably will take over. This wave is going to be super fast and progress will be exponential till we reach the peak euphoria somewhere in 2050. VR, self driving, impossible foods, space travel, decentralization, infinite energy & AI.
History
INSANE correlation between 2017 & 2021 Bitcoin charts!Take a moment to appreciate this beauty ...
The upper chart is 2021's current situation, the lower one is 2017's bullrun.
Pay attention to the brushed drawings on the chart and the respective Fibonacci levels. Pretty much EXACTLY the same !!
>> This suggests we're topping out in short-term at ~63k and going painfully down to the 42k area once again, before continuing with the bullrun.
I've been mind-blown with this. Seriously. Whales pumping or dumping didn't change the game that much after all!
Backtesting works.
Safe tradings, everyone!
" History doesn't repeat itself, but it often rhymes " - Mark Twain
Bitcoin Blowoff top on Cinco De Mayo.. compare this to NASDAQI have analyzed the entire history of bitcoin price and I can say with certainty we are experiencing a 2x faster cycle than the one we had in 2017.
This will end with a blowoff top in May followed by a 2-3 month bear market.
I've analyzed 100 years of NASDAQ and DJIA charts, and compared them to every tiny mini cycle bitcoin has had, as well as the long term Bitcoin chart as seen here. I can also speculate that the Bitcoin chart from 2009 - 2021 is about 60% of the way through a bigger cycle that should end with a blowoff top in approximately 2030.
If you have doubts feel free to discuss, but this is a very big deal.
Largest Transfer of Wealth in Bitcoin HistoryToday was a first we have seen an over $7,000 candle drop be bought up and engulfed by what appears to be a bullish engulfing candle. Todays event was the biggest transfer of Bitcoin in its history and it did it in under a few hours. Traders watch from this and learn from this. In the coming days it will be revealed who made these purchases and the market will turn on the next leg of this amazing bull run. Lessons for you to remember from this event:
Trading with over leverage can be bad ;)
Holding not freaking out... good
The money always wins. If you didn't pick that up yet I'm not sure you ever will.
BRONSON-TheSHARK
Two Possible Scenario for BTC in my Opinion!1. Triple top shows sign of reversal and lower prices after an uptrend
2.Fib Retracement indicates major resistance at 78% & 61%,
If we break we could see moon shots!
3. Breaking those Fib Levels would also confirm a nice cup of coffee that would send BTC to new highs!
That Cup & Handle can make history but before that, we got to break those resistance level and cancel that triple top !
Let me know what you think!
Maybe BTC is going to repeat its history again!Just look how perfectly rejected from 1.618 level of fib channel as it did at 2017!
Maybe it is going for couple of corrective weeks and 40 to 50 percent correction.
Currently it's Bearish for short term but I will not Short it. I will wait for a good Long opportunity.
Will History Repeat itself ? BITCOIN Christmas Tree Pattern!Merry Christmas Everyone! and hope 2021 will be the best of luck!
I want to thank each and every one of you for supporting me this year, and I promise to keep pushing forward...
If you like the idea, do not forget to support with a like and follow.
This Christmas pattern is just for fun but at the same time may be relevant to the current situation.
Will history repeat itself this Christmas. Let's see how it goes!
As per my last Bitcoin video analysis, I mentioned that price is approaching a strong round number 25k so we will be looking for sell setups. but that doesn't mean that we should sell now, we will be looking for sell setups on lower timeframes, with extra confirmation and trigger. (or whatever suits your trading plan)
Good luck everyone and thank you once again.
Have a blessed season!
XRP Price Zone HistoryXRP has seen couple of wild rallies in the past, the RSI Indicator has always been a giveaway during these times. When ever the RSI index has crossed 85+ XRP has corrected. At the time of this analysis the RSI indicator was hovering round 90. The holiday season which is coming up will probably add more fuel to its price and we could see some highs still.
The other reason why the alt coins are seeing a major price rally is because profits from Bitcoin is being pushed into the other cryptos.
That is also a major reason why we are seeing such huge rallies in ALT coins.
I feel XRP is highly bullish at this point and will see another spike because of FOMO gripping traders. But its also a territory where traders have to be cautious since BTC price has been stagnating around the 18k-19k levels and many people are wary of the 20k levels.
$30 Correction PossibleA lot of popularity around ROKU, the stock has been on a bull run for quite some time. Having an RSI over 70 for such a long period of time, and sell signals are popping up like crazy. The last 45min segment of todays trading period can be the start of a correction. A downward bear crawl to $246 in a very short period of time. A $30 correction has happened in the past and can happen again. With growing bearish divergence and weakening buying strength, we can expect a correction to happen soon.
Comment your thoughts below if you are a ROKU bull or bear and what your prediction is. Would love to hear from all of you!
Tesla To Rise Thursday Every indicator, every candle, and every piece of history shows Tesla going up in value this Thursday 11/12
I am going to deep dive this chart and explain my full analysis.
1. History repeats itself! If you look at the bullish divergence on 10/20 and 11/10 you can see they are identical set ups and on 10/20 the stock skyrocketed past resistance.
2. Bollinger Bands!! Show room for growth as the green line and red line have not crossed yet! Also a recent buy signal on 11/10
3. MACD: Blue and orange line just crossed at a low point curving upward showing growing bull momentum
4. Low RSI of 48.04 where TSLA usually runs around a RSI of 55.
5. Kurutoga Cloud: TSLA already started to break through resistance and could soar to $440 if resistance broken.
Wish me luck on my options call! I have 5 contracts for $420 by 11/20, I plan on selling during tomorrows surge and shorting AMZN
$4 Decrease In Share Value In A Single DayAs you can see in the price history, Uber has made some big day over day gains. $2-$4 gains at a time. This means that it could easily fall $2-$4 day over day back to a normal RSI. Uber just launched out of control and is on its way back down. I would not be surprised if we saw a single drop up to $4 in a single day.
SELLER IN THE GAME, GOLD CHANNELS IDENTIFIED | GC1! DAILY#goldtradingidea #tradingidea #gc1! #comex #futuretrading #gold #election #chartpattern #trendanalysis
We have seen very strong sellers entering in the market of GC1! Gold Comex Future. The gold has broken the red line to trend in a new channel.
The new horizontal #trending #range of the gold probably follow a logic pattern, as you can see when we do some extensions to the top, we perfectly arrive to the maximum price reached this year.
The green top line is where the gold could probably go, same for the bottom middle black line.
The Gold is at the moment in a very #importantzone. Follow up on this red line which is a super #strongresistance right now. Above $1927 there is a strong probability to see the #goldrise from there.
For the moment be careful at sellers tricky moves on the GC1!. The are sqeezing down and disappearing.
Hope my chart helps you have another vision on the Gold. Thanks you for the shared and the interest shown. See under some extra information on the lines.
Green Top Line: The sky for the Gold Future Price, not reached yet. Beware everything is possible with the Gold.
Black Lines: Very strong points in the recent history of the Gold GC1! Comex Future. At the moment it is the strongest nearest bottom point.
Red Line: The strongest point of the GC1! Gold Future at the moment.
Dotted Lines: Channels in which the gold has been evolving and potential future channels
Green Circles: Critical moments for the #GC1! #Gold #Comex #Future
Sideways until the end of October?Hello, traders.
Today's question is pretty simple, does the history repeats itself?
Because if they do, we can predict the price more certainly about the next movement, see this example on BITCOIN:
After an almost 50% raise, the BTC started an accumulation pattern which took approximately 90 days to begin a new impulsive wave, which made the price rise almost 40%, and after that, the price started a new accumulation phase that is happening right now.
So if the history repeats itself, we can expect another big sideways movement until the end of October.
And another 40% - 50% rise is expected.
Best Regards.
Every trader MUST have a trading journal!1. What is a trade journal?
A trade journal is a method which allows you to describe all the relevant details of every trade that you take.
2. Should I have a trade journal?
Every single trader MUST have a trading journal.
Without having a clear picture for each of your trades, it will be very hard to become a successful trader.
3. How does a trade journal help me?
A trade journal is like a time machine: it allows you at any time to review your trades and their outcome,
reflecting your strategy, state of mind and the market conditions before, during and after the trade.
4. What is the purpose of the trade journal?
Reviewing all the relevant details of your trades will help you understand how successful you are as a trader,
what you are doing right and wrong, when and why you take winning or loosing trades, what and how should be improved.
5. How to keep a trade journal?
The sole purpose of a trade journal is to provide you at any time with a clear picture for every trade you take.
It should contain relevant details, such as:
- What, when and why have you traded?
- What was the entry price, stop loss and take profit?
- How much of your account balance did you put into that trade? What were the potential risk and profit?
- How did the market looked before and after the trade closed?
- How do you feel before and after the trade?
To make it easier for you, there is a link to a template that you can download and START USING TODAY!.
Template Link: Click HERE
My charts are too crazy !!!I know they are "chart cancer" to some people. Trust me... I know this... so you can move on if you feel that way. For those of you that power through my charts or follow me, you know I am big on using multiple concepts at the same time to bring confluence. I use my own charts for this instead of asking people and/or waiting for signals provided by others. My thought is : there is no such thing as having too much data available. I also repeat the fact that there is useful data in just about anything right or wrong. The chart you are looking at is from Feb 23, 2019 when BTC was in the bottom range. You can hit play on the link below the full version play out. You don't have to love the way a chart looks to use it. Tradingview has a great feature to replay your data from any point of time. I use often , only sharing a small percentage of my charts because I know they look like a mess to people wanting a simple read. I understand why they would want that. I want that too but this is the only way to cram as much data onto a chart at one time. As you can see, you can always take away drawings but you cant go back and get the same view on an asset that at that very moment. Having the price respect the lines only builds more trust and pattern understanding so why not make your own charts full of data ? I prefer making money over optics apparently. For those of you that stick around , thank you for your time and attention. I hope to make the process of reading my charts easier in the future.