giovannimike

giovannimike

Using the previous halvings, I projected "Days until ATH" and price (in %). This conclusion would hinge on historical data being reliable and constant. The current correction does NOT look like a blow off top to me, but rather some of the brutal corrections in previous cycles that preceded new ATHs.

giovannimike

Timeframe and cycle analysis.

giovannimike

Some timeframe and cycle analysis combined. The volatility is vicious, but the reward is too good not to risk it.

giovannimike

Thesis: Market structure for Gold is playing out similarly to the 2008 crash of the S&P500. With the FED rapidly increasing QE, it makes sense that the S&P 500 will see gains for the next year or two, and gold will continue to bleed until we reach an overall market top. From that point on, I expect a huge bull market for precious metals (GLD & SLV).

giovannimike

Trend lines show Risk/Reward general buy and sell points

giovannimike

Given that the order of magnitude increases, as well as market cycle length both remain constant, our blowoff-top of $318,000 USD could come as soon as December 2021.