You can draw a bowl on anything. Earlier this month I played with this idea of #copper because it had 4 touch points and bull flag. #gold currently looks similar now, with the top of the bowl also being a neckline for a level head and shoulders.
As shown, looks like it has some catching up to do.
Massive, rising bearish wedge with reducing volume. It can only mean one thing. Doom is soon upon us. Place your stops accordingly.
This very stylish, bullish megaphone has some seriously quick upside once Fibonacci 0.618 is penetrated hard. #btc #bitcoin $btc #dogecoin #dogearmy #DogecoinToTheMoon #doge #ether #ethereum #litecoin #gold #silver #platinum #xrp #ripple #tether $coin $mstr
as said in the title, if you're short gold and silver, you better hold onto your hamburgers.
Bearish wedge, break-down and perfect back test. Hold onto your hamburgers.
Fibonacci 61.8% also coming up, and aligned with the top resist of the rising bear wedge. #btc $btc #bitcoin. Classic bear market rally action on steroids.
Looks very dangerous. Looks very dangerous. Looks very dangerous. Looks very dangerous.
they say that the measured move from a successful cup and handle/inverted cup and handle is the distance from bottom of cup to the rim.
looks really really really really really bearish. Looks ready to roll over soon
Just also realized this: the build-up on this bearish rising wedge, in comparison to the last big one that marked the top for #bitcoin, was much FASTER and BIGGER. Right here could be the last chance to sneak out profits for a long time. Just a fair warning.
momentum peak has hit, what happens next will turn heads
Advanced TA series: When the #gold to #copper ratio dropped through their long support like this in 2004, price for both metals consolidated for a few more months, (like we have) then BOOM, copper went from a $1.30 to $4.50 and gold went from $400 to $1,935 over 7 years. few
Let's see what happens, indicators repeating and supporting the bearish Bollinger bands pattern.
$DXY weekly deeper dive on momentum: we have a new rising channel since September last year. Bulls need to bust through purple strongly to negate a double top and FBO of the LONG descending channel from May 2018.