Hi everyone, this is not a post analysis the price of Gold that what it should going?
Simply, this post is EDUCATION post I made for next Bitcoin analysis comparing with Gold in period of 2013 - 2016 in Weekly chart.
I will analysis about the TOP + BOTTOM + INDICATOR + ACTION OF PRICE
Look at the chart in history all you guys all see 4 TOP of Gold before long term downtrend with blue cloud of Ichimoku.
This is time for accumulation of Gold and we stay in TOP zone in middle time before suddenly dropping dramatically in March 2013.
In Extreme downtrend period time we will see:
3 lower TOP and 5 lower BOTTOM
Clearly, TOP and BOTTOM at next time are alway lower than before. So by DOWN theory, we are totally in downtrend.
One thing another is the price can not break up the red cloud of Ichimoku.
the downtrend keep continue until January 2016 with breakup the downtrend. The price break SYMMETRICAL TRIANGLE PATTERN to close long termdown trend.
Look at RSI and MACD we all have Divergence in both at the time of closing long term downtrend.
In Extreme downtrend, RSI can not over 70 and MACD almost negative show that the bear market win!
After this downtrend, the target is equal second TOP in Extreme downtrend period time and retest at third BOTTOM before going up again.
Thanks for reading!!!
Wait my analysis about Bitcoin with this post! LIKE & SHARE!!!
Simply, this post is EDUCATION post I made for next Bitcoin analysis comparing with Gold in period of 2013 - 2016 in Weekly chart.
I will analysis about the TOP + BOTTOM + INDICATOR + ACTION OF PRICE
Look at the chart in history all you guys all see 4 TOP of Gold before long term downtrend with blue cloud of Ichimoku.
This is time for accumulation of Gold and we stay in TOP zone in middle time before suddenly dropping dramatically in March 2013.
In Extreme downtrend period time we will see:
3 lower TOP and 5 lower BOTTOM
Clearly, TOP and BOTTOM at next time are alway lower than before. So by DOWN theory, we are totally in downtrend.
One thing another is the price can not break up the red cloud of Ichimoku.
the downtrend keep continue until January 2016 with breakup the downtrend. The price break SYMMETRICAL TRIANGLE PATTERN to close long termdown trend.
Look at RSI and MACD we all have Divergence in both at the time of closing long term downtrend.
In Extreme downtrend, RSI can not over 70 and MACD almost negative show that the bear market win!
After this downtrend, the target is equal second TOP in Extreme downtrend period time and retest at third BOTTOM before going up again.
Thanks for reading!!!
Wait my analysis about Bitcoin with this post! LIKE & SHARE!!!