PeterLBrandt

PeterLBrandt

The last time Bitcoin closed lower than the present price was Feb 25, 2024

PeterLBrandt

The upper boundary has provided "turn-it-back" resistance for many weeks. But, is this thrust the one that will launch Gold to 2,800??

PeterLBrandt

Classical charting principles has worked wonderful on the BTC/Gold ratio chart. Currently at 26.x, a decline to as low as 16.x could occur without disrupting a bullish interpretation of the chart.

PeterLBrandt

I think it is fair to say that a market at a price never before reached represents a bull trend. $GC_F AMEX:GLD

PeterLBrandt

The advance in Russell this past week completed a symmetrical triangle that was serving as the retest of a massive rectangle reversal formation. Look for Russell to advance another 10-15% in the months ahead.

PeterLBrandt

This is my current thinking -- as a possibility. Another 20% decline in the ratio would bring the chart down to a level that would make sense if the chart is forming an inverted continuation H&S. CRYPTOCAP:BTC $GC_F

PeterLBrandt

If this pattern completes with follow-through, this might become one of the most classic rectangles in the history of classical charting

PeterLBrandt

Adjusted for inflation, Bitcoin remains below its 2021 highs. This means that despite halving, despite the hype, despite the ETFs, Bitcoin has not made a new high in more than 3 years. This does NOT mean that BTC has topped. I still place a 75% probability that the current bull trend which started at the Nov 2022 low is only halfway done -- and that a move to...

PeterLBrandt

Watch for the closing price penetration of the right shoulder high as an indication that Bitcoin will go on a run against Gold.

PeterLBrandt

Hey, I am not promoting the idea of a possible double top, but the reality is that adjusted for inflation Bitcoin has failed to make a new high from three years ago, despite halving, despite ETFs. Just something to think about if you want to be honest with yourself, huh?

PeterLBrandt

A symmetrical triangle is what I define as a diagonal pattern, meaning that the breakout is through a slanted line. A simple penetration of the upper boundary of a triangle is NOT a legitimate breakout. Only a close above the Mar 27 high with expanded volume should be considered as a breakout.

PeterLBrandt

The SOLETH chart is poised for a massive breakout in favor of SOL

PeterLBrandt

The current thrust in Silver, with AMEX:SIVR as the proxy, has completed a massive inverted H&S on the weekly chart. It is important for Silver to consolidate these gains without providing the false breakouts this market is famous for.

PeterLBrandt

The thrust today in Gold completed a bullish half mast flag. The target now becomes $2,400-plus I would not short this market if it was with my enemy's money

PeterLBrandt

As shown on chart of GLD, a major breakout occurred today. The target is well into the 200s.

PeterLBrandt

With today's upward thrust, assuming that prices remain strong through the end of the week, my target in Bitcoin is being raised from the $120,000 range to upwards of $200,000 for the current bull trend expected to end in Aug 2015.

PeterLBrandt

Following the premature breakout of a massive rectangle that lacked follow through in Russell in late December, the rally today appears to be the legitimate breakout. This could be a strong advance.

PeterLBrandt

OANDA:AUDNZD completed a massive triangle this past week and direction should now be down down down