BTC BITCOIIN

Bitcoin: Consolidation Until Autumn?

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Made 2 bang on calls at the beginning of this pattern with the 1H chart(see article attached below). The pattern has not deviated from course yet. If the pattern holds then price should continue to consolidate with a breakout near Autumn Equinox, which is a HUGE Gann pivot date for Crypto markets. This would be very Bullish.

Disclosure. The author does own BTC.

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Gold & Bitcoin Bradley Siderograph Turn Dates 2020

There was a turn date yesterday August 19 2020 and the next one is not until December 2 2020. Let’s take a look at how the turn dates interact with the Bitcoin and Gold charts. After that we’ll look at some market sources, resources, and a brief description of how the Bradley Sideograph works. Enjoy!

BITCOIN

Bradley turn dates in red. Short dotted blue line represents the horizontal resistance near the turn date. The dotted blue line becomes a simple bullish breakout level to long the market if it is an upwards turn.

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GOLD

Bradley turn dates in red. Black lines represent bull market horizontal resistance levels.

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Bradley Siderograph Source Dates

The graphs below are from here —> https://bradleysiderograph.com/donald-bradley-siderograph-2015/

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Origins of the Donald Bradley Siderograph

In 1948 Donald Bradley wrote a book called “Stock Market PredictionThe Planetary Barometer and How to Use It.”  This book presented a tool known as the Donald Bradley Siderograph, which is intended to leverage “the potency of major planetary aspects…to prove the correspondence between planetary operations and market responses.”  The term “siderograph” means star graph.  The ancients saw planets as “wandering stars,” which is how they developed the predecessor word for “planet” in ancient Greek (i.e., “astēr planētēs”).

The Bradley Siderograph is one of the most interesting and popular forecasting methodologies in the field of Financial Astrology.  This field involves leveraging astronomical and astrological data to understand and forecast activity in the financial markets.  However, Financial Astrology is far broader and richer than this methodology alone, and its origins date back several thousand years.

How to Use the Donald Bradley Siderograph

The siderograph is typically used to identify turning points (i.e., trend reversals) in the market over the medium- to long-term rather than predicting the exact movement of the market across time.  Turning points include inversions, which occur when the stock market bottoms when the siderograph tops, or vice versa.  

Therefore, turning points in the siderograph can indicate both tops and bottoms in the stock market.  It is important to not place undue influence on the amplitude of the siderograph.  Turning points taking place at the top or bottom of a large crest do not necessarily imply a more significant market turning point.  

Also, siderograph turning points typically indicate market turning points within 4-7 calendar days rather than being exact to the day of the turning point.  Sophisticated market professionals use the Bradley siderograph in conjunction with other fundamental and technical market factors rather than using it alone to inform their trading.

Learn more here —> https://bradleysiderograph.com/

Disclosure. The author owns BTC & Gold related products.

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Gold Futures: +$2000 & A New All Time High

Gold Spot Price

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Gold Futures

MONTHOPTIONSCHARTSLASTCHANGEPRIOR SETTLEOPENHIGHLOWVOLUMEHI / LOW LIMITUPDATED
AUG 2020AUG 2020Show Price Chart1970.0+4.01966.01971.01974.01968.8115No Limit / 0.123:19:04 CT
03 Aug 2020
SEP 2020SEP 2020Show Price Chart1971.4+1.91969.51976.61977.11971.4242No Limit / 0.123:23:29 CT
03 Aug 2020
OCT 2020OCT 2020Show Price Chart1977.8+3.11974.71981.71983.11977.1466No Limit / 0.123:20:27 CT
03 Aug 2020
DEC 2020DEC 2020Show Price Chart1988.8+2.51986.31993.51995.01988.219,512No Limit / 0.123:24:49 CT
03 Aug 2020
FEB 2021FEB 2021Show Price Chart1999.6+3.51996.12003.32004.51999.665No Limit / 0.123:02:00 CT
03 Aug 2020
APR 2021APR 2021Show Price Chart2011.2+6.22005.02008.12012.32007.9165No Limit / 0.122:22:11 CT
03 Aug 2020
JUN 2021JUN 2021Show Price Chart2019.0+6.82012.22019.32019.72018.262No Limit / 0.122:17:30 CT
03 Aug 2020
AUG 2021AUG 2021Show Price Chart2024.1+6.42017.72024.62025.02024.146No Limit / 0.122:19:30 CT
03 Aug 2020
OCT 2021OCT 2021Show Price Chart2028.9+6.82022.12027.92028.92027.911No Limit / 0.122:20:14 CT
03 Aug 2020
DEC 2021DEC 2021Show Price Chart2033.3+7.02026.32032.52033.32032.513No Limit / 0.121:46:37 CT
03 Aug 2020
Legend:OptionsPrice ChartAbout This Report

Disclosure. The author does own Gold related products.

Disclaimer

Natural Gas (NATGASUSD)

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It Seems So Close

NatGas is very close to hitting the bottom of a multi-year channel as seen in the first chart. Winter heating demands make a solid argument for why NAGASUSD could push to the bottom of the channel. Supply overhang has been an issue as well.

Between Summer heat and reduced commercial building occupancy in the Coronavirus era an early rally would not be retail driven. Sideways into September, like seen in the second chart, would indicate deep pockets want a position for a winter bounce.

Disclosure. The author does have a NATGASUSD position.

Disclaimer

Gold (XAUUSD)

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Gold, USD vs The World

The XAUUSD chart (right) shows Gold priced in US Dollars continuing to show strength over the last 18 months of what seems like never ending global crisis situations.

Gold as seen in most non USD markets has made new all time highs (ATH’s). Canada is used as the comparative example because it is a G7 country and has a history of stable governments and resource development. The fact Gold is running away from the old ATH shows that every nation, even America, that risk happens fast.

Possible Cup & Handle

There is a case to made for a Cup & Handle (C&H) formation on the XAUCAD chart, and if so the measured move has recently reached its general target area. The Coronavirus wave is starting to wane in Canada and that could be a reason to cause a pull back from the C&H measured move high.

If the above were to happen that would result in some consolidation of the XAUUSD chart. That would create perfect conditions for the handle to form on the chart.

Unseen risk factors and/or more Coronavirus complications could create a more volatile upswing. However, for the time being there we want to only focus on the chart that is before us. The chart tells a detailed story and the unseen levels of debt & restructuring being piled on nations certainly can be the trigger for Gold priced in USD to make new ATH’s.

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