Tag Archives: crypto

Bitcoin: Sell The News

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The SEC approved 11 spot bitcoin ETF’s on Wednesday which began trading on Thursday. BTC responded on Thursday by forming a bearish reversal, possibly selling the news.

BTC has been volatile over the past 2 weeks causing the status of the daily cycle to not be clear. And the volatility continued on Thursday.  Thursday’s bearish reversal calls into question if day 23 was an early DCL. The bearish divergence on the oscillators suggests that Thursday was day 30 for the daily cycle. If so, then a close below the 10 day MA will signal the daily cycle decline. While the status of the daily cycle is not clear, what is clear is that BTC is is currently in a daily uptrend.  BTC will remain in its daily uptrend unless it closes below the lower daily cycle band. 

2023 Buy/Sell Indicator Results

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One of the strengths of cycle analysis is identifying cycle bottoms. Identifying tops is a bit more challenging, depending if a cycle is forming as a left or right translated cycle. So I began looking for a way to help identify equity cycle tops. Through much trial and error I developed the FAS Buy/Sell Indicator.
The Buy/Sell Indicator has out performed the S&P for the past 6 years. Due to the success of the FAS Buy/Sell Indicator, I have added the following in 2023:

  • The GDX Buy/Sell Indicator
  • GBTC Buy/Sell Indicator

Below is a summary of results for all 3 Buy/Sell Indicators:

This link will take you to the individual results for all 3 Buy/Sell Indicators.

The Buy/Sell Indicators is available to subscribers to the Weekend Report.

This week I am offering a special 6 week trial subscription, along with the Special Report Report – The Bullish And Bearish Case for Stocks, for $15. Your 6 week trial subscription you will give you full access to the premium site which includes:

1) The Weekend Report, which is posted usually Saturday mornings. It discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles – Which includes the Likesmoney Cycle Tracker.

2) The Mid-Week Update. Posted on Wednesday’s is a review of the daily charts for the above mentioned asset classes.

3) The Weekend Updates take a look of the daily & weekly charts of BTC, DAX, Copper, NATGAS & XLE.

4) Weekly Update of the Bullish Percentile Bingo

5) Frequent updates of my proprietary Buy/Sell Indicators for GDX & FAS & GBTC.

The goal of the Weekend Report is to develop an on-going framework of expectations using cycle analysis. Click here for the report and trial subscription.