Economic Cycles
#Bitcoin 3 Phases Theory 🚦Today I saw a headline that surprised me "The current bear market has become the longest in the history of the crypto industry"📰
And I had a question about whether they were living in the past, or where they saw the bear market.🤔
💡I want to remind you that it ended with a duration of exactly one year, just like the last cycle. And it was much shorter than in 2014.
Now CRYPTOCAP:BTC is +70% from the bottom, this is a classic phase of accumulation.
Short trade
Sat 3rd Aug 24
Tokyo Session AM
Sellside
Tokyo Session AM
2:45 am (NY Time)
Entry: 61544.8
Profit Level: 58073.9 (5.64%)
Stop Level: 61848.5 (0.49%)
RR: 11.43
News driver: Bitcoin Price Update
The Fear and Greed Index for Bitcoin, which reflects the general sentiment in the market, indicates a moderate level of fear, suggesting cautious sentiment among investors. Here are the key points based on the provided information:
Bitcoin Price and Market Statistics:
Price: £48,203.96
24-Hour Change: -4.11%
Market Cap: £951,301,309,285.94
Circulating Supply: 19,734,921 BTC
Max Supply: 21,000,000 BTC
24-Hour Trading Volume: £42 billion
Economic Indicators and Stock Market:
Federal Reserve's Dual Mandate: The Fed aims to balance maximum employment with stable prices.
Recession Signals: Indications that the US may already be in a recession.
Unemployment Rate: 4.3%
Stock Market: Significant crash resulting in a loss of £3 trillion in value.
Bitcoin Resilience: Despite the economic downturn and stock market crash, Bitcoin's price has shown resilience, holding relatively well.
Conclusion
The resilience of Bitcoin's price amidst economic downturn and stock market crashes highlights its potential role as a hedge and store of value. However, the overall decline in price and high volatility indicate that the cryptocurrency market is not entirely insulated from broader economic trends.
Forecast - lower prices in my humble opinion.?
GBP JPY - not over yet on the weekly TFMaster Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
Weekly zone
Monthly
Do you enjoy the setups?
Professional analyst with 8+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
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To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXIV
Ethereum Keltner Channel 👀ETH reached local resistance in the form of the red zone of the channel, faster than the last cycle.
What does this tell us? The consolidation before the next move may be longer.
🤔Most will say that ETH has not reached ATH yet, so it should go up right now, I can say that ETH mostly lags in taking past highs and does it sometime after that like Bitcoin did.
💡And the phase of more active growth is at the end of the cycle, so be patient and the market will thank you with a profit.
Elliott Wave Intraday Analysis Expecting Nikkei (NKD) to Extend Short Term Elliott Wave in Nikkei (NKD) suggests the Index shows short term incomplete bearish sequence from 7.10.2024 high favoring further downside. Decline from 7.10.2024 is in progress as a double three Elliott Wave structure. Down from 7.10.2024 high, wave (W) ended at 37395. Rally in wave (X) ended at 39318 with internal subdivision as a zigzag structure. Up from wave (W), wave A ended at 38785 and wave B ended at 37395. Wave C higher ended at 39318 which completed wave (X) in higher degree.
The Index has turned lower in wave (Y) with internal subdivision as a zigzag structure. Down from wave (X), wave ((i)) ended at 37405 and wave ((ii)) ended at 38010. Wave ((iii)) lower ended at 36465 and wave ((iv)) ended at 36920. Final leg wave ((v)) ended at 36165 which completed wave A in higher degree. Wave B rally is in progress to correct cycle from 7.31.2024 high before it turns lower. Near term, while below 39318, expect rally to fail in 3, 7, or 11 swing for further downside. Potential target lower is 100% – 161.8% Fibonacci extension of wave (W). This area comes at 30932 – 34135 where buyers can appear for further upside, or 3 waves rally at least.
Current BTC Cycle and the 2017 Cycle FractalSome Grade A, premium BTC hopium for you:
If the 2017 cycle price action is reduced down slightly (price, not timing) and lined up with the first peak of the 2021 cycle double top (in April 2021), the price action on a macro scale is eerily similar, especially for the bottom range and the run up. Recently, price overextended from the 2017 fractal during the ETF pump, but has now converged back to the 2017 fractal. If we continue on with this fractal, BTC will top out at around $580K in April 2025. That's about a 9x.
I personally don't think it will hit that target, but I'm hear for it if it does!
-Da_Prof
NKE is worth watching for an entry point based on RSI and volume My Trading Strategy is very basic, a classic K.I.S.S. Philosophy. Using StochRSI, a 5 year chart for historical data and a YTD chart for current data. I look for oversold discounted companies. Nike had a ton of negative press, blah earnings and the stock price got clipped after they reported. To me, this fits my strategy to a tee, and patience and paying attention to RSI particularly will serve me well.
Today, NKE price had the first of 3 bullish price moves. I’d prefer to see the RSI on both K&D be above 35 before trying to make an early move however in this case, RSI rose well above 35 but the stock price did not follow. I opted to wait and see if buying volume would continue.
My trades are typically for 3-10 days and my exits vary by stock performance, market conditions etc.
Long trade
Reason...since recent observation of price action (sellside) and reaching a critical pitvol price level...mapped out on the chart (buystops) was the confluence for entry.
Buyside trade
Trade Details:
Date: Tuesday, 30th July 2024
1-minute timeframe (TF)
Session: New York Session PM (16:10)
Entry Details:
Entry Price: 5410.7
Profit Level: 5482.8 (representing a 1.33% gain from the entry price)
Stop Level: 5404.4 (representing a 0.12% loss from the entry price)
Risk-Reward Ratio (RR): 11.44
Overview 4Hr TF
Why I say SHIBA INCREASE is CLOSE We'll take a look at a few methods of chart analysis that ultimately says a Shiba Inu increase season is on the horizon.
✅ RSI
The RSI has been fair to low for an extended period of time. We also observe a bottom out on the RSI where an all time low is observed for the year, likely indicating the bottom is in:
✅ V-Shape Recovery
A strong V-Shaped recovery is observed in the 4h, indicating buyers were ready to scoop up lower prices:
So what are we waiting for?
👉 Technical Indicator
In order to send SHIB, we will first need to see the price close ABOVE the trendline, at which point a "BUY" alert will go off:
What would invalidate my bullish sentiment, is IF the price is unable to et back above the trendline pointed out above on the technical indicator, and IF we lost the higher lows:
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BINANCE:SHIBUSDT
Euribor cycle analysisYou know fiat currencies that are not pegged to anything they say but is it really true…
Isn't fiat tied to the people in dept, families with mortgages, isn't that what keeps it stable, right?
If this is correct, doesn't that mean that in the big picture, the interest rate cycle is all that matters if you want to understand the economy. I believe so.
But that's not all, I've noticed something funny.
Do you want to see?
Try calculating the dates between bottoms, the cycle length actually doubles each cycle, each cycle comes at the right time... how is that even possible?
Can we now look to the future?
Is everything written in the stars or in someone's book..
Or am I just crazy?
Maybe both, but either way, I think the chart is trying to tell us that there's going to be an AI/robotics-driven super cycle that lasts until 2056, with everyone running cheap money.
What do you think is the "cause" of the depression of 2056. Maybe the robots will go to strike and the AI will turn hostile?
But wait, what is cause and what is cause, or is there just a cycle that causes everything?
Forget it... it's better not to think too much. Watch TV or go for a walk.