tough call here but I think we're going to go retest ATH, then recheck our channel before the true moon shot. Could be wrong, could go as high as 75-78k before rechecking the channel in which case we might see a more violent correction but I'm still bullish here especially when examining the MACD momentum swing
Here we can see the MACD beginning to turnover. After SLV, as well as GLD, tanked this week, it found support on the line marked in the chart. As long as it doesn't break through that line of support I think we'll see some upward movement in SLV
This chart illustrates the classic principle of "store-of-value". As the Fed has initiated unprecedented QE, the strength of the dollar has inevitably plummeted, inflating the value of precious metals and other stores of value. Now is a critical moment for this chart, as we can clearly see the dollar in a descending channel, with SLV (and GLD) rising steadily. If...
I think here we are going to see BTC test 12k one more time and then retract, after that upon testing 12k again if it breaks through I think we'll see 12k flip to heavy support but if we don't I think we'll see a retest down at around 10.5k, and then a continuation of the trend.
I see one of three scenarios taking place over the next 2-3 trading days regarding the SPY. We can see the S&P is currently stradling the halfway point between the pre-crash level, and the bottom of the crash as marked by the green and red lines. I think we'll see some retraction of the SPY early Thursday, followed by one of three scenarios. Upon reaching the...
Beyond Meat showed promise as a healthy, enjoyable meat alternative prior to the markets crashing, only exacerbated further by the troubles facing the meat industry right now. I anticipate growth to the 140-160 region within the next few weeks, likely with further upside movement in the long run.
On the heels of the SPY seeing some uncertain days, I predict that the price on GLD will follow the monthly trend and float up to the 160s, and potentially even higher if the market dumps.
