Looking purely at a TA view here, I'm showing Bitcoin's bullrun (and the crypto market in general) could continue for over a year before peaking in July 2022.
Price targets are based on Fibb retracement and Fibb time, both measured from the first initial wave.
Fibb time (blue vertical lines) predicts tops and bottoms essentially.
If we takle the current trend...
BNB is at a decision point. Recently formed a golden cross on the daily. Trend and momentum is bullish.
BNB's main appeal is it actually has a present use. Also being the home coin of Binance helps... Just be sure to take profits.
Price target in green.
Stop loss in red.
Currently, Silver is approaching a power pivot point. This is where the price hits the next wave check point and the potential for a significant move higher or lower is likely. Indicators are all green and the 2 week chart is a fantastic timeline for gauging long term trend. Monthly is similar.
There's a lot of long term cycles coming to a junction suggesting...
Silver is just starting to breakout after a few months of consolidation (wave 2).
$900B Stimulus bill passed.
Wave 3 just starting. Right on time when we measure the first wave (March low to August high).
Wave 3 target $71-80. Could go higher. Next target is $102/103 per ounce.
Eventual (wave 5) target is $600 by April 2023 if this wave pattern plays out,...
Silver appears to be nearing the end of wave 2 (correction) and wave three to begin there after.
I think we could see a dip in the price down to $20.55 before rebounding sharply. If momentum is sustained look for it to touch $41
Silver could be the number #1 performing asset of 2021. In the larger scale we have the completion of a cup and handle formation that...
Today, we're looking at SILVER.
Silver, along with Gold are in the early stages of a multi year bull market rally.
Looking at the daily, we could see a break out and the start of Wave 3 before the the end of September but could be delayed a week.
In the longer scale, going back to the late 1970s, we have the biggest cup and handle formation I've ever seen....
I have no doubt President Trump will win re-election in November. Landslide victory.
When this happens, expect previous metals to (really) explode as fiat goes (further) into hyper supply and tensions with China escalate further.
Fun times ahead.
Might see a small pull back to $1630-1680 first though.
Looking at SILVER, the price is nearing the end of this triangle.
In my view, poised for a break out. Some other interesting allignments also taking place.
Fibbonnaci time, when measuring the last wave, indicates the potential reversal zone around Sept 28th.
I would consider that more of a range though. Figure sometime between End of August and early December,...
In my view, stocks are priming for their next leg down.
This one sends the SP500 to retest the recent lows. Maybe not immediately, but eventually I expect to see the price tough sub 2000 down to 1828.
If 1828 is the bottom, this would represent a 50% retracement and where I would enter the market.
However, don't use all your powder because 1459 and sub 1000 are...
I expect to see stocks make their next leg down and soon.
Month of April 2020 if not in the next 2 weeks.
Targets are the boxes. I think we'll hit the at least top two orange ones.
Target 1: 18169. A retest of lows.
Target 2: Fresh low. Dow 14,708
This is my target for a (dead cat?) bounce.
Based on the data, currently available, I would put some money on...
I'm very bullish on GOLD and SILVER for 2020 and beyond, but first the price is about to move down. Dollar is going to get stronger, despite QE4.
Price target ranges are the orange boxes.
A price of $1100 would be an amazing buying opportunity.
From there - see my previous analysis with a price target of $3k