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Cycle Trading

Miner Smackdown

The Miners got smacked down on Thursday.

The Miners formed a swing high on Thursday. They failed to make a higher high and now have closed below the 50 day MA. A peak on day 8 sets up the Miners for a left translated daily cycle formation which signals a continuation of the intermediate cycle decline. The Miners are currently in a daily downtrend. Forming a swing high below the upper daily cycle band indicates a continuation of the daily downtrend and triggers a cycle band sell signal.

2 responses to “Miner Smackdown”

  1. Koen Huysman Avatar
    Koen Huysman

    Every time again waiting for the big break out… Depressing

    Reply
  2. Alexandru Avatar
    Alexandru

    Dxy has to finish its intermediary cycle down to an ICL by the beginning of March the latest — that dxy weakness (despite staggering inflation) alongside an incredible relative strength of metals should allow gold and all PM complex to skyrocket through the rest of this month.
    Danger will re-emerge across the board after dxy’s ICL…Bitcoin to 20k by May???

    Reply

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