Who cares if Gold is testing its all time high, banks are collapsing, dollar weakening, stocks falling, whatever. I am calling the biggest collapse on gold since its inception bar none.
Reasoning as follows:
- CFTC retail are long on gold and commercial money is on Short by a wide margin.
- Bjorgum indication of 3rd test of the level, once with top test...
Bitcoin has been thrown back into the horizontal pattern that it had previously broken out of and held support. The TSI has held around the 23 level on the Bjorgum TSI for the second time in a row after a dip below. On the chart, I have overlayed a bar pattern of what happened the last time this fractal occured, which gives a target to the red line in price action...
