Silver Breaking major support. More downside to come
Elliot wave point 3 reached 1.618 fib extension of wave 1, point 5 reached 2.618 fib extension. Point 5 formed under massive resistance of the downtrend channel.
Hourly chart Bitcoin in an undecision area. The direction bitcoin is taking will be known when RSI breaks its triangle. Very short term neutral (next hours) Medium term bearish (next weeks) Long term bullish (next months / years)
H&S Pattern about to break through neckline on BTC. If the necline breaks then there should be more correction to come.
0.382 fibonacci retracement coming ibb.co ibb.co
So far, the resemblances between the NASDAQ crash and the current Bitcoin crash are numerous: - Disruptive technology in a speculative bubble. - Typical bubble burst double top crash (other charts very similar are the Dow Jones crash of 1929, or the uranium chart more recently) - Ocean of worthless copycats coins based on blockchain technology, surfing on the...
As predicted: in a bullish environment for USD, with XAU/USD under big resistance, the SHS pattern breaks and gives a downward signal
So we bounced on the 6100 support level on the 200 SMA If we are still in the crash of the biggest bubble in mankind's history, which i think we are, i expect a bounce of 50% like the nasdaq did when it crashed in 2000, before resuming the downward move. So we might reach the $9200 resistance before going down again. twitter.com
SHS for GOLD. Either breaks its resistance on the upside or breaks the SHS neckline and goes back for another round of range under 1350. USD DXY on strong support level and reactive there. Fed tightening bullish for USD. Rumor on China unloading USD only bearish factor for USD.
Next supports are: - 6100 - 5420 - 3000: which corresponds to a 85% crash, just like what the nasdaq did back in 2000. I think we are going there. - 1850
85% correction for nasdaq brings us to 3000 for BTC twitter.com Beware of Bitfinex though: twitter.com
BTC breaks its triangle on the downside. Big support at 9300
At the same time we see: - DXY on massive support twitter.com - EUR/USD under massive resistance twitter.com - Gold under resistance: twitter.com - Quantitative tightening from the fed which should result in USD strengthening, and QE still going on in ECB, which should lead to EUR weakening.
+ Fed's quantitative tightening should be bullish for USD on a macro perspective. + EUR/USD under resistance multiyear resistance: twitter.com
Resistance cluster on Morgan Stanley, weekly view
Reverse Shoulder/Head/Shoulder pattern on AUD/CAD. 4h graph
AUDSGD under a resistance cluster and in a rising wedge. Short, objective support 1.0671 which is 0.382 fibonacci level and big support level