We are about to begin a wave 3 that should break out of ascending triangle.
Is rotating out of stocks and into #silver the Chad move here? Rising wedge, HUGE duration!
Looking for reversal confirmation within 2-3 weeks. To confirm this negative divergence, I'm looking for: 1) another {three outside down} candlestick pattern to play out 2) followed by a break of weekly EMA30. From there I'll place my short with a tight stop. Short squeezes are usually done by that point. Let the chart do the work, and keep your emotions in-check.
I only follow bitcoin as an indicator for risk-on, but if that's a cup and handle or flagpole, they both point to the same measured-move target of around 125k.
#btc is pennies away from printing a {double-top} priced in gold. Bull will want to see a daily close above blue. Still a long way to go to breakout past ATH, which was printed in Nov 2021. #bitcoin #gold #ethereum
The greatest rug pull of all time is incoming. Absolutely similar negative divergence as the previous top. This Rug Pull will be written about.
Is this one of those beautiful, big picture set ups? Not going to tag anything other than cup & handle on this one. What beauty, if so. In the last bull market for gold, this one did 3200% for the 188% move that gold did from 2000 to 2008.
Gap filled and cashed up. Is this Livermore accumulation cylinder valid?
The last {shooting star} on the weekly gave us a 61% drop in price. Are you mentally prepared for $28,000 #bitcoin?
Had to switch to NYSE:AU for my #gold stock vs the stock market ratio chart because NYSE:NEM bad quarter skewed the chart too much. For your viewing pleasure and to come up with your own ideas. Is this a beautiful {three peaks} top? Is this a possible 1976 moment? Or a 2000 one?
NASDAQ:MSTR : introduction to gravity about to take place. Massive blue channel must hold, or it's lights-out. Hold onto your hamburgers.
Last month saw a mostly engulfed candle for #gold futures. I've just noticed that gold likes like 50% moves at a time during bull markets 👍.
Literally no ne will see this on TradingView, but I'm still going to post it. Bookmark this: it's over. Precious metals alpha is taking over the reigns from sh*tcoin beta (bitcoin).' Massive rising wedge breakdown at the same time as weekly EMA30.
Is gold squeezing inside daily Bollingers for the next move up? Could be a week of sideways before we know.
no fundamental reason needed. perfect retest before more up in a bull market for silver. don't overthink.
TRADENATION:FRES.L completing massive inverted H&S? Measured-move target of roughly $820. #silver
Some important levels coming up for bitcoin to defend vs gold. I look at it as a war of attrition, as #gold slowly cures the sh*tcoin mind virus. Markets are headed for major uncertainty, and gold is warning us right now.
#uranium stocks AMEX:URA ETF look like a distribution top, and has now traded for three days below weekly EMA30. Could be the "get out while you still can" moment. If head and shoulders, measured move is around $24. #u308