Cycle
Exploring Fibonacci Magic Levels in Bitcoin 💹📈After delving into technical analysis in Bitcoin, " Fibonacci Magic Levels " were created. 📉🔬
It is based on the continuity of various Fibonacci levels, ranging from a smaller scale to well-known levels.
By precisely calibrating various Fibonacci retracement and extension levels in our Fibonacci Channel, we have identified highly relevant patterns in Bitcoin price behavior. 📊✨
These "magical levels" seem to strongly influence support and resistance areas, contributing to strategic trading and investment decisions. 📈📉
Topglov new quarter result was worse than last quarter? 1/Nov/23Topglove''s latest "quarterly" report "disappointed" again. Not just "investors", "traders" are "hardworking" individual as well who do check their positions not just "quarterly" but everyday beside reading on each stock's Intrinsic value, ROE, P/E, Forward Free Cash Flow, Profit Margin etc "quarterly" OR reading "market news" "once a while"...
🔥 Historical Bitcoin Bull-Markets Predict PUMP 🚀In this analysis we're going to take a closer look at the three previous Bitcoin bull-markets, and compare them to the current one. To clarify, I calculated that a "bull-market" starts at the bear-market lows and ends at the bull-market highs.
As seen on the chart, the 2011 bull-market was an outlier. There was very little volume, which resulted is massive changes in price in a relative short amount of time.
The 2014 and 2018 runs look fairly similar. Both were very choppy for the first year, but ended up following a similar bullish path.
The white line, which is the current market, has followed a path in between 2014 and 2018, until we got the most recent BTC break out. In some sense, this makes 2022 an outlier.
Like I mentioned in my previous comparison analysis, Bitcoin and crypto are going to be fine. We're well on track towards the halving and the following bull-market.
Which market path do you think we will follow? Straight up like 2011, or a more gradual approach like last year? Share your thoughts 🙏
Macro BTC pattern shows path to 42-44K then 32KThe chart is self-explanatory. All I have done is taken the Bar Patterns at the 15K lows and matched them with the lows at 25K, there are astonishing similarities. Go ahead and have a look at all the similarities I have highlighted.
This pattern suggests, we should soon have a pump to 39K region, then a dump to 34K region followed by a pump to 42 to 44K region and then a large dump to 32K region.
The dump to 32K would be akin to dump at 19.5K from 25K and then 32K region could act a strong S/R flip to push the btc price to new highs.
It's possible that this may not repeat exactly like before, but when there are so many similarities, we should pay attention.
This is not at all surprising to me, Infact I have been targeting 40K from past 8 to 9 months while most traders were bearish and calling for severe downside.
I also call the 15K bottom Macro bottom when others were expecting more downside.
I am again saying 25K is a major bottom in the BTC cycle.
I have added links to those posts where you can find details about the above claims.
Note: Even though patterns tend to repeat on macro timeframes, there is no guarantee that they will, all these similarities can go out the window. I personally will start taking this pattern seriously if we Pump to 39K region withing next 5 to 7 days, which is what we can see from the BAR feed copied from 15K region.
bearish retest of top rangeThings are moving fast. Too fast.
The last time things moved this fast was before a big blowout.
Looking to get in to a 1x short over the next weeks depending on how chart looks.
Maybe we see a wick up on the next monthly candle and then retrace?
Good luck everyone, good luck to the people who are buying this to hold for longer. It's not back sorry this is not how bull markets start or are being made, .. this is the first lower high and everyone who is still holding this ponzi or still desperate enough to trade this day by day and follow altponzis gets exited.
If youre in a rush to make money youre in a rush to lose money.
patient.
Gold. Why > 1800 with cycle analysis. 23/Oct/23XAUUSD's cycle analysis, For easy understanding the white numbers are weekly cycle.. And the purple number are monthly cycle all those number were "roughly @ same month of year within/ near those dotted vertical line" for the past >100 years..P/s I have omitted most weekly cycle (white number ) for easy reading.
Gold need to "converted to" $$ for war! 20/Oct/23XAUUSD wave X ( Red Circled ) is a complexed double three in either running flat ( < 1987.37 ) or expanding flat pattern (slightly > 1987.37). P/s As there is no swing high confirmed yet @ 1987.37 +/-. Traders need to wait for price breaking 1971 which is subwave 4 of an impulsive waves for wave C (yellow) to confirm the reversal.
Gold, Back to previous idea >2000 +/-. 18/oct/23XAUUSD, just broke trendline liquidity probably with false breakout. Possible having a deep pullback toward 1888 +/-. Before resuming uptrend toward 2000 +/-. Where 2000 +/- is multi confluence zone of :- 1) Weekly Order Block 2)Yellow Upper trendline 3) Pitchfork parallel line and etc
In uncertain environments, Quality Dividend Growers the answer2023 saw one of the narrowest bull markets in history, with only 10 stocks contributing 14.3% out of the 20.6% rally during the first 7 months of the year. Since then, markets have turned with the S&P 500 and the MSCI World dropping around -7% since their top1.
Looking forward to the rest of 2023 and beyond, uncertainty is high:
The Federal Reserve (Fed) has reached or is nearing the end of its rate hike cycle, but the easing cycle is still distant and its speed is unknown.
The US may avoid a full-blown recession but a recessionary environment with below-average growth is still on the table.
Further disinflation may be slower as we get closer to target, and energy prices continue to put pressure on core CPI.
In such uncertain times, investors could be contemplating reducing risk in their portfolios. However, many of them have been caught with an underweight in equities early in 2023 and missed out on the rally, leading to underperformance. To avoid a repeat, remaining invested but shifting equity exposures toward higher quality, dividend growing companies could help protect the downside while maintaining exposure to the upside.
Quality stocks tend to outperform at the end of rate hike cycles
With the rate hike cycle reaching its end, it is interesting to see what happened historically to equities in the 12 months following the end of rate hike cycles. The absolute performance of US equities has been quite dispersed following the end of the last 7 rate hike cycles by the Fed. US equities returned 24% in the best period and -18.8% in the worst. Looking at high-quality companies, we observe some consistency, though, since they outperformed the market in 6 out of those seven periods. The only period of outperformance was in 1998, when quality companies returned ‘only’ 23.3% versus 24.3% for the market. In the two periods when equities posted negative returns, quality companies cushioned the loss well, reducing the drawdown significantly.
When investors get picky, quality companies benefit
On observing the performance of high- and low-quality stocks depending on the level of growth in the economy. We split quarters into 4 quartiles, from low-growth quartiles to high-growth quartiles, and then calculate the outperformance or underperformance of those stocks in the quarter following the growth observation.
We first observe the resilience of high-quality companies. While low-quality companies only outperform when the economy is firing on all cylinders, high-quality companies outperform in all 4 environments. High-quality stocks outperform more when growth is either low or below average.
The style that doesn’t go out of style
Investment factors ebb and flow between periods of relative under- and outperformance, depending on where we are in the cycle. One big exception is quality which is, in our view, the most consistent of all factors. Sure, quality can lag in the sharp risk-on rallies that typically mark the start of an early cycle snapback; but those environments don’t tend to last, and neither does quality’s underperformance. In fact, there hasn’t been a rolling 10-year period when quality underperformed since the late 1980s.
The rolling outperformance of different US equity factors versus the market over 10-year periods since the 1970s based on the data from a famous academic: Kenneth French. On average, over periods of 10 years, quality is the factor that has historically delivered outperformance the most, often by a significant margin (90% of the time, the second best only hit 78%). It is also the factor that exhibited the smallest worst performance.
Conclusion
Overall, high-quality companies have exhibited outperformance in periods of low growth, in periods following rate hikes and, more generally, across many parts of the business cycle. With economic uncertainty remaining elevated, and an equity rally that is faltering, investors could consider quality as their portfolio anchor.
Sources
1 WisdomTree, Bloomberg. As of 27 September 2023.
2 WisdomTree, Bloomberg, Morningstar, June 2016 to June 2023.
This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.