Badcharts

Badcharts

NO! Cryptos DO NOT have to always go up, forever and ever. Simple chart review shows me how sketchy the situation is for Ethereum, Bitcoin and others. Don't be a hero. Wait for the appropriate low risk entry points to morph into existence. THERE ARE NONE RIGHT NOW.

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Who kept an eye on Microsoft like I mentioned not so long ago? Well, it lost that rising trend line and is now on the final remains of horizontal support. Could fall really fast below that.

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Silver most likely breaks out versus stock markets AFTER they crash. This also requires aggregate of market participants realizing stock markets are entering a prolonged bear market. That is how a proper capital rotation takes place.

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!!! WAKE UP GUYS !!! Yep, this is happening right now. Gold & Silver miners breaking out on daily chart versus SPX. Are you sleeping?

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Corrections are normal for stock markets, most of the time. However, they are not fine and generally more nefarious when they happen along side gold breaking out versus spx. That is when the Capital Rotation Event comes into play.

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Possible Capital Rotation Event JUST around the corner. Gold VERY CLOSE to a breakout against the most important stock market. I'd expect a market sell-off to happen on this breakout and possibly a recession afterwards.

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Are you paying attention to the gold versus silver ratio? Not good above that black line. recession odds increase above this line

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We are inching closer to a recession and economic turmoil. Stock markets ALWAYS drop when this happens.

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Gold and silver miners (measured in gold) are historically terrible long term holds. However, there are periods where they can do violent bear market rallies. This could be one of them.

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Yes, the rocket ship did take off! Now that gold is overheating, more of the crowd is getting most bullish. Charts showed you the low risk entries, when the crowd was not so bullish.

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I know, I know... many Bitcoin maxis and bulls will get upset at me (I am ready for it)! But I must warn Bitcoin is on a very slippery slope IF it starts closing below 91K. It could then EASILY drop another 20K, bringing it close to 71K support. Don't shoot the messenger!

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Google priced in gold's upwards momentum slowing to a grinding halt. The capital rotation process gets much more evidence once this chart closes below that dashed line. Not many understand this.

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I don't care which Trump is buying Ethereum. Until that descending red line is closed above, there are no low risk entry points.

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I know, I know, soo much bearish sentiment out there, bottom HAS to be in, right? I still think Nvidia is in a bunch of trouble and can slip up at ANY moment. Targets would be the $90-$95 support range.

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Usually not good for the US economy when Canadian stock markets plunge versus gold.

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CAPITAL ROTATION PROCESS It gets really skiddish for Stock Markets, Bitcoin & Friends once the Nasdaq versus Gold chart closes below that rising trend line. Nasdaq has had a chance to breakout versus gold and was so far unable to do so. Momentum is weak. Clock is ticking.

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For me, the true bind blowing run for silver junior miners starts when the silj ETF is above $18. Whatever happens before is simply the pre game show.

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1) Last 4 recessions coincided with declines in copper prices. 2) But not all copper price declines coincide with recessions. 3) You'll rarely see an uptrend in copper during a recession. So no, the coast is not clear yet for the economy.