Gold has spent the last decade forming a cup and handle, and we just broke out. This cup has taken a decade to form, and the handle more than a year and a half. The cup formed between September 2011 and July 2020, and the handle formed between August 2020 to Feb 2022.
The handle of the cup and handle pattern has been a multi year symmetrical triangle...
Precious metals have been underperforming other commodities over the past few years and may be significantly undervalued. There is a lot of pent up tension waiting to be unleashed. Investment and speculation has taken interest in bitcoin and other growth stocks as this bubble economy approached its peak. Precious metals having peaked a decade earlier have been in...
Long Term Long, Short Term Short.
BTC has recently close below the 10W moving average and broken down from there. We are nearing completion of a head and shoulders pattern, which when complete will print a devastating double top.
If this price action ensues we may see 70%+ drawdown, not unlike previous. BTC’s bull / bear cycles which has been like clockwork,...
