what comes after this will be talked-about for centuries.
We are close to a violent reversal here on the #bitcoin to #ethereum ratio. Raoul will be shocked.
I wish the US FED didn't cut off information before 2000. This OMINOUS chart is saying that even with 22% interest rates that STARTED at 5% from 1967-1981 peak, all it did was slow down asset purchases and price increases for 20 years, shown in red. The consumer price impact of the recent spike in government spending hasn't even started, and interest rates are...
Here we have a classic inverted cup and handle Here we have a classic inverted cup and handle Here we have a classic inverted cup and handle
Just recording this idea before I erase it, as I'm sure I took some time to decide the path here.
as said, the writing is on the wall. with the dxy rolling over now, gold has an easy path to 2000+
A break down of the rising bearish wedge (on low volume) is a huge warning shot fired. The measured move is 30 cents. I think a head and shoulders forms.
I now believe that this is a flag continuation pattern with a {wave 5} target of $8.
Bearish expanding wedge looking probable here. Bearish expanding wedge looking probable here.
if you get out now, you can still walk away with something instead of nothing.
$35,000 BTC. It was a major support on the monthly. MAJOR. It MUST hold. What's even more ominous, is we've formed the very rare McDonalds sign formation, who as we know, will be flooded with resumes if this pattern hits the measured move target of $956, as shown.
This could be really bullish for the reversal next week. could be leading indicator for the markets direction.
although this formation is a trend reversal formation, it sure is odd seeing it as a continuation formation. Something to do with bubble mentality?
Looking like a reversal here. Price should move quickly through the thin zone.
Support could be somewhere around the past two big corrections and the 600 day MA.
We broke down from the bearish, rising wedge, just to bounce where everybody and their grandmother thought it was a good place to get long and short gold. Now, we see a rejection (perfect back test) of that large rising wedge.
I bring this chart up all the time to show the potential for a very impulsive catch-up to the price of copper with this stock. Looks like a probable double. That's a spring-loaded, dividend-paying, 21-billion market cap (CAD)
renko chart to remove some noise. 40k looks like probable support. But the price chart makes me think a big move down is coming.