What to do once you realize the CORRECTION has STARTED? You should know this BEFORE you enter the trade. #nasdaq #spx #spx #bitcoin
If #SPX priced in #Gold can't break to the upside... Then watch out for a new #USDollar bear market when the roll over completes! Please chime in any narratives you want as to why this can or cannot happen in the comments below.
While over long periods of time btc tracks spx and other us indices, bitcoin's previous peaks can coincide with US market peaks, but have also shown that US stocks kept climbing higher after. I did this chart to showcase this behavior for you.
Once you realize you're in a flag correction, why stick around? The fastest moves to targets are the poles AFTER the flags resolve. #Bitcoin #AnyChart
Almost 1 month later... The Bitcoin "Doom" Dome is still holding its ground. Always remember where the lower risk entry points are. #bitcoin #btc #crypto
Yes, I gotta put this out there... If #Silver is to reach much higher price targets, it won't do it in an absolute straight line! Unless you zoom out to higher time frames, where shorter term corrections can't be seen. If you are seeking for higher price points for #silver, you should hope it doesn't SUPER HEAT now on smaller time frames. That type of FOMO...
Yes, #Silver is getting STRETCHED, begging for a consolidation. However, this has permitted it to outperform #BankofAmerica, carving out a possible MASSIVE topping structure. In fact, we are on the brink of a PARADIGM SHIFT breakdown in favor of the #PreciousMetals. OH BOY!
We have take-off! daily point and figure chart breakout 0.5$ box size. #silver
As momentum is drying up for #spx priced in #gold (and close to full break down)... Hope for a 1995-2000 type of melt-up (in real terms), is evaporating.
On a quarterly close basis (reduce noise), #Gold had a WORST drawdown in 2004 than it did in the Great Financial Crisis of 2008! It actually ONLY closed 5% lower in Q3 2008, having registered POSITIVE quarters before and after that one. Let that sink in...
Momentum that is low, coiled & tight, which starts to breakout is where the low risk, high probability opportunities lie. The more stretched the price gets from the spectrum of moving averages, the higher the risk profile gets. #gold
Before you get a 10, 20%, or even 30% drop for #gold, you'll see damage done on the daily chart first. Step by step.
If you are objective and unbiased... And are expecting #Gold to out perform #DowJones... Then, you should also expect the #USdollar to peak and roll over...
#CrudeOil mounting a comeback against #Spx. above 12 day moving average above 36 day moving average momentum breakout (distance from 36 day moving average)
And guess what happened next to #silver after #gold broke out versus #inflation? Reminder that #storylines and #narratives are land mines and traps for #traders. Stay clear of them. Stick to the unbiased, objective evidence... #charts!
#Silver is now ABOVE its final "wall" and breakout line (previous support turned resistance). A solid QUARTERLY close above 27$ would be of EPIC importance!
Breakthrough year for silver in progress right now! #silver #gold #inflation
Dr. Copper joining the move... But don't trust me, just look at the chart! #Copper #Gold #Silver #Crudeoil