Both Markets has seen rejections of the .382 fib level indicating possible reversal and further downside
Trend lines indicate possible further downside could still be in play
May have a possible bullish pattern at play which could see Gold hit prices of $1800 - $1900
Expect a drop to green support box temporarily until further downside
White trend line represent my next downside target for the S&P 500
Expecting the red trend line to act as resistance then more downside
We are due for a bullish breakout soon. Price target is $21.
Gold has a possible leg up higher to my green trend line. For the brits
Based on my trend lines I believe the bottom might be in already and we maybe due for a pump up very soon
Breakouts are imminent with major currencies against the US dollar
Worst case scenario gold may retrace 30% like it did during the previous recession. The support at $1182 should hold before it goes to new all time highs
Bitcoin may retrace to $2400 - $2500, bounce and hit resistance at the green trend line which is $3500. Then it may finally hit its bottom between $1200 - $1300
Gold could possibly drop further to $1420 on my blue trend line as last support, as prices continue to fall due to fear in the market.
Bitcoin price could possibly drop further to my blue trend line between $2400 - $2500 as final support
Its a cleaner chart in comparison to my previous ones. But I notice that no one has identified this bullish falling wedge which bitcoin could be in. Do you agree?
Falling wedge on silver which looks most likely to have a bullish breakout in the month of April
Bitcoin may trade within the triangle that its inside before it breaks down even further