I think the accumulation is coming to its end slowly but surely 5 1/2 years 2000+ days of accumulation something similiar is going on on silver
Objective target i made through a PNF count on gold 4000$+ using 20 ATR 3 reversal the accumulation zone can still extend silver...
Gold is very interesting rightnow the shiny yellow metal is since decades,centurys in accumulation the thing is the paper 'metal' could be in a redistribution to shake people out of gold in the coming crisis countries such as India china and germany have much private gold
I personally bought very much physical Gold & Silver im not going to sell it for any price...
m still trying to find out if its distribution or a reaccumulation my guts say distribution and retail investors will get slaughtered i will short this heavy if we make a lower low i want to see a rebound to the prior low to place heavy shorts
It seems like gold is heading towards 1245$ im personally very very bullish on gold i also think a global financial crisis is just around the corner and not that far away so people would hedge into Gold & Silver
Everyone knows the price of gold is not the price of gold it's the most manipulated asset in the world i also want you to know that they could do the...
If Btc can breach 9200 that would give us a bullish signal with a initial target of 11500$ (25%) upside potential the R/R here is fantastic. Incase we dont breach 9200 i would be very very bearish and expect new lows this could also indicate that the tradingrange of the last 3 months is in distribution.
i will keep this idea updated.
My current view on bch is as follow
Im expecting a further retracement to at least 1460$ its possible to retrace even deeper to 1330$ i personally would like to see 1330$ over 1460 because the target would be higher
We probably will see a consolidation for at least 1 week before starting anotter wave if you look on the chart you will see everywhere...