Many systems on this planet follow 4 year cycles.
Here is a comparison from 2014 and 2018 bitcoin price.
1D charts, roughly equal time scaling, from the peak on the left to the dip near the centre is a price difference of 500-550%
Volume Profile on the left
SMA, purple 50, pink 100, white 200
BullBearFilter Stochastic by...
The white line marked with a white arrow is the center line in a schiff pitchfork connecting the 2014 and 2019 bear market. This line played a role as support before our drop from 6k to 3k, and it is currently playing a role as very strong resistance. We have hit this line twice now and price has failed to break through. Within that same pitchfork just one line...
Short Gold for completing leading diagonal. SL @ 8 May '19 hi, TP @ around 1255
Charts consist in 3 Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed/How "fast" price travel according to time )
GJ Is forming expanding diagonal now up to wave Circled numbers 4 (yellow)
P/s : Charts consist in 3 Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed/How "fast" price travel according to time )
Notice how all of these fib circles match up so well. Peaks and bottom wicks touch all of these fib rings showing that they are all connected. Using these fib circles i connect and compare both bitcoin bear markets taking into account the current price manipulation pushing up price to liquidate shorts.
Following the NZD news last night, my position was taken out at 50% of retrace as I moved my stop forwards to reduce my risk.
I then shorted GBP against NZD overnight and am now looking to do this again.
Once I get a bearish engulfing on the 1 hour chart I will look to enter.
Price could go higher to the dynamic resistance line (heading north east...
Finished macro cycle with 3 pins to the high. Note how that giant candle stick's body closed below the high. This news to the upside was to induce retail trader long, stop sellers and trap traders who bought too late. This is just an idea. Not taking this trade honestly because of TDI confluence but yet it is quite possible for it to tumble down in a new cycle to...