Targets met for the 40 Day trough, now long for the next peak.40 Day trough targets were met yesterday, 21st April so most likely the low of yesterday will be the trough of the 40 Day. Now lets look at the peak coming ahead of us. I usually trade the 80 day cycle, so now we are in the second half of the 80 day cycle.
TARGETS
As I trade the 80 day cycle therefore I look at the 20 Day FLD(Future Line of Demarcation) for target generation.
Price is currently below the FLD. Tomorrow's FLD median price, our cross point is at 1.24676. Pivot point will be the recent price low at 1.22470 this gives us the target of 1.26882 .
I have my long orders waiting slightly above the high of 21st April.
The FLD position changes everyday (as I trade EOD), thus the targets change with it. I'll update if there are changes.
Note: these numbers mentioned above are based on my broker, Alpari internation and not Oanda (the chart above), so there will be slight variations when compared to the Chart above.
Hurst
GBPCAD long trade – 631 pip targetThe green diagonal line represents the longitudinal position of Jupiter on the GBPCAD chart. GPLs (Gann Planetary Lines) represent the natural support and resistance levels on a price chart. In the GBPCAD’s case, it has found support against the GPL of Jupiter. Additionally, the 4/8th harmonic at 1.6938 has acted as a support zone.
Price target is 1.7704 on or before March 22nd, 2019.
BTC has some room to go up and hold the long term bearish trend" The bottom is in " is what they say. That's not what I'm seeing on my chart and it's this kind of market sentiment I like to see when making short predictions.
If you zoom out on the chart, you'll see Bitcoin has some room to go up while still maintaining the long term bearish trend.
I'm seeing 4200-4300 as a good range to short if we get there. This range aligns with the long term trend line and Fibonacci extension from the recent impulse move up. BTC is also currently in the range of high count peak Hurst Cycles signaling we're in the right time frame for a swing high.
I'm predicting next major swing low on Bitcoin in late April 2019 , based on long term Hurst cycles analysis. If we fail to break and hold above the long term trend soon, it can easily continue back down for the next two months.
In my opinion - " The top is in soon " for the next few months.
Beyond the technical analysis. BCHUSDWell, I'm just say all of your indicators have the probability of fail.
And now. It's the critical time of both the momentum and volume indicator to both fail.
And your chart, your lines drawn by your hand. They all fail.
The trendline you drawn is usually invalid. So it's fail. Through it may useful.
But now. Anything seems not useful.
It's the hardest situation for normal indicator.
Then I want to do the cycle analysis. And result is I failed too.
It just a big mess. I just run into the mess and can't find the cycles.
The cycles you see in this chart is analyzed by me. Manually.
Then in my manually analysis. I failed many times at least 3-4 times.
It just looks weird. I never see this head-shoulder pattern in TRUE CYCLE.
The cycle seems not change. But my thought of this pattern is never same as before.
Because when the sharp decline break the L-shoulder. WTF it is. It just in mid-channel time.
It's a little hard to believe that.
I believe it's that time. If I'm not analysis it wrong.
Time analyis is so hard. I decide to do this on BCH and not other coins.
WHY? Well. Because it's just looks hard.
You guys should choose the easy mode and not do hard mode on the realm of this industry.
Like I already said. The mid-channel pause is come. And now It's gone. The pause will end and price movement should continue.
It's will gone. Within hours. But will it have another rally?
The answer is ofcourse. On this down trend after the head-shoulder pattern.
Didn't price always rally on time? It just their strength is small.
The fld is here. you can use it to help you to decide what situation is.
But now I believe you guys do long position must be cornered. You will lost money.
If my analyze is not wrong. Trend will resume soon.
So whatever your position is. Just keep safe. The safe is no.1 thing in Gann rules too.
And another one is never open position without definite indicator.
Which is you should only trade in very high safe and high profit area.
It's hard both to newbie and old trader.
BCHUSD Interday long signal appearSee your macd signal or see my beautiful blue macd.
It is the valid signal for very small cycle. But may not valid for big cycle.
Bigger cycle is down but it's now paused. So this rally is profitable if you want trade.
warn. This rally is really small. If you don't have experience for this small price action better igonre that signal.
This analysis is only valid for within 1-1.5 or 2day.
BCHUSD Support will be penetratedAs you can see I'v already spotted the resistance area on chart.
Don't be fooled by indicators.
Now The gann square is here.
5d 10d measure time.
1/2 is from my silly use of gann line. IDK what it is so it's a mysterious spot.
Seems it just a cycle. Then we should know that The gann angle is a measure tool ;-)
It's must not be the resistance speed line. The speed line is just divide price by some ratio.
But gann square is called the time & price calculator.
I'm still not sure what 1:1 line means and how to correctly put it.
BTC Hurst analysisAnother attempt at Hurst analysis.
I look at When to trade website since they publish the dominant cycle for BTC.
I see that BTC will probably move up to 7000 -7300 range and then drop for a new low at the 80 day through.
I believe my through analysis is wrong and I will have to correct it, however I can't see where my mistake is yet. I hope a new high will help with that.
Hurst Cycle Compression on SPX - going higherHurst cycle fans know that a deep enough drop will resync cycles and cause a period of cyclic alignment where you get a powerful move up. While we haven't had one on longer term cycles, the cyclic compression (yellow circles) have probably created a cyclic alignment similar to a drop with a "V" recovery.
The rightmost circle has the short (blue) and medium term (green) cycles on the 2 hour chart overlapping. This will happen at the beginning of a deep fall (at least using the way I have my cycle envelopes coded) but on our chart prices reversed sharply and strongly which creates a compression of the medium term cycle (in green) and follow through should follow the yellow line i drew, which is a higher low as shown with the red line.
If you have familiarity with harmonics / sine waves then you know in-phase waves are multiplicative in power (Google "Tacoma Narrows Bridge" for example) . Same effect here - we should see a powerful follow through to new highs given the higher cycle low that seems to be developing.
GLD Overbought, but Could Become More SoGLD has become overbought as shown by the Hurst Bands. Price could possibly exceed the overbought Hurst Band (pink colored band).
The Starc - (minus) Band has crossed over the middle (light bluw) line of the Hurst Bands. This is typical when price action begins to become extreme. It does not mean that the extreme price action cannot or will not continue for a while longer. I'm thinking it probably will.
Price is approaching the top of the Keltner Channels (blue bands) which indicates strong price momentum to the upside.
Of note is the dark blue plot of the U.S. Dollar Index (DXY) price. As the dollar price has moved down from $86.74, the GLD price has recovered. As the dollar is at extreme overbought levels (not plotted on this chart) I expect it will continue to move lower giving GLD room to move up a little more.
At the bottom is plotted the Hurst Oscillator. It is the same information plotted by the Hurst Bands in a little easier to read form.
Overall, expect GLD to continue to move higher.