I see Gold on support and ready to correct,
I am bear on higher time frames and just want to acknowledge possible correction.
I would rather trade in the direction of the weekly than the daily.
So, long term i am still bear.
I am still bear on Gold unless we break the 1830 level..
Price once again rejected that level and now is sitting on daily support..
That may mean a drop will take a while but looking at the weekly and seeing the 233 sma (red) so far below, its likely.
The arrows are pointing to the fibs i believe can get hit
the stochastic oscillator are is showing...
I am leaning more bearish as this divergence plays out but I only accumulate BTC...
I expect the 145 fib support we are currently on to put up a good fight..
It is only once that level breaks that I think massive bear volume can come in...
This is a continuation of the analysis I already put out and analysis I gave during the live stream.
I think BTC needs a weekly close at 41k level.. Not just a quick wick.
I have linked that idea below
I already expressed 1750 as a target but thought maybe we would retest resistance at 1810.
Its still possible but I am scraping that idea to make it known I believe lower is likely coming with no
I have linked my good and bad analysis below
Bitcoin may need to fill in to support again at $41,818 the stochastic is converging down and needs a weekly close and I believe that we may retest support before we head up… also we are just below the 382 support which both need to get back above at 49,570
I have linked some of my good and bad analysis.
I am still bearish on my longer term analysis, but looking at the intraday i see a possible 1810
A falling wedge and exhaustion of selling as we wedge into support. I have pulled a fib retrace from that structure and am targeting the 382.
The 618 may get hit but will act as icing on the cake. Also we have divergence on the RSI below.
AMC has broken out of the top wedge of a broadening wedge.
Also fib levels of importance have sold off at 382 and 618 levels.
I have been consistently bearish on this and am waiting for the clown show to end.
I have lost my bull sentiment for Gold and luckily saw saw the sell off before it happened...
I have been bearish for some time now and keep feeling more vindicated in that approach.
Next Bear targets for me are 1750, then 1670, and then possibly lower to the 233 (red line) pictured at 1570..
These are just potential targets that If i feel aren't coming I will...
I've been out of $BA since $235 and for good reason.
Major fibs are being broken and the trend line fail as well.
In addition, you can see how the oscillators are converging to the downside...
I see $180 as the price target.
Personally, I am waiting for entry.
I've linked my past Boeing ideas
(bull & bear; right or wrong)
to give context to...
This is a pretty simple chart from a fib perspective.
I expect DXY to remain slowly moving upward into resistance and will take some time to distribute
but the real thing to pay attention to is the fact that their is resistance near. That does not mean we can time the market for
when it gets there nor how it reacts. Using this chart as a guide.
I have linked...
Im mainly basing this analysis on the stochastic peaking and trying to converge down.
This should send price to the green box i have charted. A simple bearish fib extension.
I am using heiken ashi only to demonstrate the oscillator's weakness.
We are also rejecting the 382 fib and may look for 272 down.
I've linked all my Silver bull and bear ideas below.
I dont have the fundamental reason for why bonds are going up but I can report on the technicals.
We are breaking the trendline with volume while pushing up off a fib.
Also the oscillators look great as well with convergence to the upside.
Fed is supposed to taper so I dont know hoe reliable this analysis is.