Speaking to Bryan yesterday, I realized that he did not use Elliot Wave's or Hyperwaves, both concepts regarding theory in the markets. He informed me that he used daily patterns to distinguish between a bull or a bear market. Gauging the scale of waves is very difficult, even if it has worked (partially in my opinion) throughout history. He stressed that daily patterns along with the identification of Fibonacci retracements is an indicator most used by professions.
Other indicators involve: ESI, RSI, and daily moving averages.
I just wanted to reiterate a point I have been rediscovering this past year. Politics is irrelevant to the outcome of the outcome of world economics compared to the impact of the greed we see in the available chart data.
Every line drawn is a Fibonacci retrancement. The Golden Ratio is 0.618. We see here that trades are based all around the understanding of Fibonacci.
The 0.618 ratio is identified between $8,400 and $9,900. 0.382, the Golden Ratio's inverse can be identified between $9,900 and $10,900. Identifying these areas provide the most significant support zone. This has been a fact so far, based on Bryan's source above.
Bryan's list of highly volatile and profitable assets to trade. They are chosen through their moving averages.
Bitcoin on the daily :April 9th.
It's still a highly volatile asset worth trading.
Overall Bitcoin is on a long term trending up based on these moving averages slopes.
Var X =Days ; Y= Price
This chart identifies regular trends within the Federal Reserve operating on aerial defense budget. The reason I believe a chart like this is significant is because it shows the most accurate depiction of market psychology and economic cycles that affect other industries. We are able to identify when the markets are doing well and when the markets aren't. American markets are some of the best indicators. Currently, we are in a trade war with China. Most individuals believe Trump may have an effect in office, but the truth is that these economic market cycles presented in charts show the true market health.
Americans have a strong market currently with Trump in office. This is not due to Trump, but natural market cycles. He inherited a strong economy. During his tenure, we may have a bear market. I believe this could be 2020, his last year in office. He could also likely avoid another "2008" scenario in general and pass a declining market to Kayne (I hope not). American policy has become more closed door. We will have to see if the U.S markets continue to be driven upwards.
In my opinion, there could likely be a bullish tear upwards for U.S assets. In the long run, China can still hamper American productivity. The U.S, overall, is moving towards a service economy (medical, analysts, engineers, sales) and away from a manufacturing standpoint(cars, airplanes, machines). Outsourcing has become very popular in the past few decades. I believe the economy for China and the U.S will be remain strong despite tensions between the two countries.
Who knows, maybe the trade war can also boost the popularity of Bitcoin. The Chinese markets can also focus on manufacturing as well; that seems to be their current economic focus.
Above are examples of "manipulated" market contraptions and expansions. Trump clearly inherited a young bull market in the defense sector. He will likely run a healthy economy, not because he is a great president, but because he is entering office when markets are healthy.
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