Another attempt at Hurst analysis. I look at When to trade website since they publish the dominant cycle for BTC. I see that BTC will probably move up to 7000 -7300 range and then drop for a new low at the 80 day through. I believe my through analysis is wrong and I will have to correct it, however I can't see where my mistake is yet. I hope a new high will help...
Tp1: 10 ema (price usually snaps back to 10 ema ). Tp2: meriadian line of Hurst channel (once the first daily bar closes above 10 ema).
GLD has become overbought as shown by the Hurst Bands. Price could possibly exceed the overbought Hurst Band (pink colored band). The Starc - (minus) Band has crossed over the middle (light bluw) line of the Hurst Bands. This is typical when price action begins to become extreme. It does not mean that the extreme price action cannot or will not continue for a...