SMC Update Week Ending 12-8-23 Recorded 12-9-23

12/09/2023


Comments (10)
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MJMassens2570
MJMassens2570

What's interesting about BTC is that the continuum on the long term projection lines up with the halving due to take place in the Feb/March time frame. Meaning, it can have a rally during the halving in Feb/March, break above that ~45,000 resistance, and invalidate the downside projection to 10,000. The RSI Weekly does not yet have a negative divergence built up, meaning there is room for a drop and another rally. The Daily RSI does have significant divergence built up, and the closing price of the year 2021 is here right now at 46k. The local cycle top is here and now. But my suspicion is that this will rally again in the spring above 46k and invalidate the downside.

XXSPOWER127
XXSPOWER127

MJMassens2570 said:

What's interesting about BTC is that the continuum on the long term projection lines up with the halving due to take place in the Feb/March time frame. Meaning, it can have a rally during the halving in Feb/March, break above that ~45,000 resistance, and invalidate the downside projection to 10,000. The RSI Weekly does not yet have a negative divergence built up, meaning there is room for a drop and another rally. The Daily RSI does have significant divergence built up, and the closing price of the year 2021 is here right now at 46k. The local cycle top is here and now. But my suspicion is that this will rally again in the spring above 46k and invalidate the downside.

^^^^^^ Now that is great info right there. I 100% agree. Also /ETH is a great short today tomorrow as well. But don't stay too long at the feast.

CS37
CS37

MJMassens2570 said:

What's interesting about BTC is that the continuum on the long term projection lines up with the halving due to take place in the Feb/March time frame. Meaning, it can have a rally during the halving in Feb/March, break above that ~45,000 resistance, and invalidate the downside projection to 10,000. The RSI Weekly does not yet have a negative divergence built up, meaning there is room for a drop and another rally. The Daily RSI does have significant divergence built up, and the closing price of the year 2021 is here right now at 46k. The local cycle top is here and now. But my suspicion is that this will rally again in the spring above 46k and invalidate the downside.

MJM: If I'm not mistaken, the BTC halving is expected in April 2024. And, if historical BTC halvings suggest anything about the future, they have shown that the upward rate of BTC price change increases AFTER the halving, relative to that observed before the halving.

XXSPOWER127
XXSPOWER127

CS37 said:

MJMassens2570 said:

What's interesting about BTC is that the continuum on the long term projection lines up with the halving due to take place in the Feb/March time frame. Meaning, it can have a rally during the halving in Feb/March, break above that ~45,000 resistance, and invalidate the downside projection to 10,000. The RSI Weekly does not yet have a negative divergence built up, meaning there is room for a drop and another rally. The Daily RSI does have significant divergence built up, and the closing price of the year 2021 is here right now at 46k. The local cycle top is here and now. But my suspicion is that this will rally again in the spring above 46k and invalidate the downside.

MJM: If I'm not mistaken, the BTC halving is expected in April 2024. And, if historical BTC halvings suggest anything about the future, they have shown that the upward rate of BTC price change increases AFTER the halving, relative to that observed before the halving.

CS37

That is what MJM is saying

() But my suspicion is that this will rally again in the spring above 46k and invalidate the downside. () but right now - he is said this so did MR. E

(*) The Daily RSI does have significant divergence built up, and the closing price of the year 2021 is here right now at 46k. The local cycle top is here and now

So, that means that the divergences need to be burnt off and re-set.

Maybe MJM can see targets I dont follow /BTC /ETH that much but I sure think it is time for a retrace on /BTC /ETH /NQ then follows shortly thereafter as it has been following it not sure why or what the correlation is but it has and I suspect /NQ will.

THEN after that YUGE BIGGLY

alengray99514666
alengray99514666

Search the web about 1835. Can't find anything. looks like made up chart with 1935 and crash till 1842.

Link would help. event and dates the event may happen in 2024. could be 1 year away. Not helpful at all. unless one is in Cash. If short, dead broke with no assets. No money for Sub

XXSPOWER127
XXSPOWER127

alengray99514666 said:

Search the web about 1835. Can't find anything. looks like made up chart with 1935 and crash till 1842.

Link would help. event and dates the event may happen in 2024. could be 1 year away. Not helpful at all. unless one is in Cash. If short, dead broke with no assets. No money for Sub

LMAO BEEN SAYING just stay LONG

PETER WONT LOOK AT WEEKLY OR MONTHLY - BIG UPSIDES

4900 / ES 19000 / NQ 37500 / YM 2000 / RTY

BUT HE keeps yappin saying all upper PROJECTIONS MET THEY ARE NOT

The S&P hit a new 2023 high on Friday, completing a breakout of the 20-month long ascending triangle.

GO TO ANY DAILY projection - 7/8 10 /12 then click Monthly look at huge upside

NOTICE HE DOES NOT TALK ABOUT VIX WHY? ITS NOT A BEAR

XXSPOWER127
XXSPOWER127

THE DOW IS AT 37000 !!!

WHAT HAVE I BEEN TELLIN YA

/NQ 16500 SOON 17000

THEN 20000

/ES 5000 SOON

DONT BE A " TOP " PICKIN FOol study market history and breath thrusts

XXSPOWER127
XXSPOWER127

WEEKLY ( THIS WEEK )

NASDAQ /NQ

12.1

16586 TO 17208

WHY DOES PETER NOT SHOW IT ?

I SEE IT

DOES ANYONE ELSE? OR ALL JUST BLIND ?

XXSPOWER127
XXSPOWER127

/NQ WEEKLY 10.10 17160 TO 17250

AM I THE ONLY ONE WHO SEES IT?

ALL PROJECTIONS TO UPSIDE NOT MET

I KEEP TELLING YOU BUT NO ONE LISTENS

XXSPOWER127
XXSPOWER127

@@@@ hey ALL YOU SUBS out there

IF YOU use tradestation and the projections

go to 48.4

SEE THE /ES

4900 ?

can you see what the " PERCENT " OF HIT IS FOR 10 YR AND 20 YR ?

My tradestation does not show % of probability ..

But - this should be brought up

DONT YA THINK ?

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