Hi All The price of GOLD saw some "bullish" action is it coming into resistance which was previously proven as support? The 20SMA 21EMA on the monthly timeframe. What do you think? Tnx Jad
Hi All As expected, we have some "bullish" price action, after breaking the down trends. PA approaching the 150 Daily MA. Previously acted as Support / Resistance. Will it break this time? What do you think? Thnx Jad
Hi All Evidently, PA is sideways for the last ~6 months NO ACTION However, this might be ending soon. Such times, as long as it might take further, are excellent for accumulation.. just like buying any commodity at a "fixed price" Long term hodlers will be rewarded one day.. IT IS A GIVEN. SHORT term does NOT matter What do you think? Thnx Jad
Hi All Yes, the bearish price action continues FUD is everywhere, no meaning it doesn't have a basis, but indeed everyone is scared and uncertain what will happen. On the chart, we have a breakout from the down trend on both PA and RSI. we got a "retest". Possible to see resumption? Nothing crazy, just reversion to means. What do you think? Thnx Jad
Hi All Yes, it is quite insane out there. The long sideways of ~5 months ended up with bearish PA. Nothing changed, keep accumulating. A bullish divergence might play out What do you think? Thnx Jad
Hi All Price action was (obviously) moving sideways for the last ~4 months. on the daily TF, the PA is "trying" to break and stay above the cloud (which is a bullish signa) for the first time since April 2022 What do you think? Is the move sustainable? Holding 20K+ while the NAS and S&P are dumping is a good sign. THnx Jad
Hi All This is a possibility many indicators are similar to that phase. What do you think? Thnx Jad
Hi All I see both long and medium term down trends broken. we can still see sideways actions, but things can turn bullish as well. I don't think we go "deepeer" What do you think? Thnx Jad
Hi All Anything is possible, and being bearish after a 70% drop and months of sideways movement and liquidations is bit absurd IMHO. I think we hit the bottom . Yes we can see spikes down. But limited down side. I don't think we see 10K as many a saying. Which side will it break? What do you think? Thnx Jad
Hi All If we consider APR 21 was the actual peak, and the move after May 21 just a big "BULL TRAP", PA is back on "track". What do you think? Bottomed? Thnx Jad
Hi All Bitcoin price action is still lagging the recent strength in the network and new ATH with hashrate. However, PA is now holding (so far) on the 20 DMA and 21 EMA support band on the 3-Monthly TF. This what the ultimate support, even no spikes below that. What do you think? Is it gonna hold or break now? Thnx Jad
Hi All The current "consolidation" might take us till end of July to break the 1st downtrend, and till October to break the second descending resistance. Unless we see "violent" up thrust which can break both lines sooner then expected. Or these 2 resistance lines might domininate What do you think? Thnx Jad
Hi All Last 3 times the KDJ cross bullish as such low levels on the monthly, PA got many month of subsequent bullish PA. Will it be the case this time? What do you think ? Thnx Jad
Hi All I know it is just a wish Hope for the best Plan for the worst Worst case scenario, dump to 10k??? Bring it on. What do you think? Thnx Jad
HI All I am not active with the legacy market. But seems we have a bullish divergence.. Could form a local bottom? What do you think? Thnx Jad
Hi All Just throwing it out there Not much to be said now Either You ARE IN or OUT HODLERS will be rewarded STOP LOSS IS ZERO Thnx Jad
Hi All Many key MACRO supports are broken No hiding Things look very bearish. Will this last "Support" hold? Wicks are possible But will the this quarter's candle should close above. What do you think? Thnx Jad