Drawing a channel, we see a short-term potential place for a reversal.
If we do come back, the lower trend of the channel could act as a good level for a re-entry trade.
5 day moving average on a closing basis, has been working well as a short-term trend level to ease some of the position to maintain gains.
This is publication 3 out of 3.
Please give my idea a like if you found it useful.
Chart 1:
Chart 2:
History might not always repeat itself, but it often rhymes. The similarities between these charts are astonishing. The chart on the left shows us how the gold price was setting up before the parabolic bull run in the end of the 1970s. Check out the charts...
This is publication 3 out of 3.
Please give my idea a like if you found it useful.
Chart 1:
Chart 2:
History might not always repeat itself, but it often rhymes. The similarities between these charts are astonishing. The chart on the left shows us how the gold price was setting up before the parabolic bull run in the end of the 1970s. Check out the charts...
This is publication 1 out of 3.
Gold is nearing the end of its long consolidation period. Gold is ridiculously undervalued at this price. With strong fundamental support, this Cup and handle pattern will launch the price of Gold into the sky.
6000 USD/Ounce is my ultimate target. Check out my other publications to get a better understanding why the Gold price...
Silver is looking to test the weekly TA trend. This could possibly be the beginning of a new bullrush if the resistances shown on the chart are broken. It would likely mean the start of more volatility but also a larger uptrend.
With macro looking the way that I've mentioned previously I'm decidedly positive and long silver.
Let's see where this takes us and if...
Dogecoin has been building up in value and has become more relevant. The nice thing about Dogecoin is that you can load the boat because of the penny price.
It appears to have pulled back enough after raging. And just like bitcoin, it will come raging right back. Go long and load up now while it's down. Never do more than 5% of your portfolio.
GBTC will move almost identically to bitcoin, it's an ETF from Grayscale Funds that tracks, you guessed it, bitcoin. JP Morgan just gave bitcoin a possible price target of $146,000. Tim Lee from Fundstrat, a very reputable analyst, gave it a $100,000 price target.
If you can't buy crypto directly in your trading account or retirement account, you can get exposure...
