BTC to play out as gold did? - 8hr vs 1day time frame - hedge against inflation/fiat debasement - store of value - price of this ideas already priced in?
All things seek balance. All things are one. Become BTC.
Consolidation on 1D chart Bullish divergence on 1H chart.
Bit early to tell... but will see. It's a potential pattern at the moment. Hence bearish flag continuation for silver
- US dollar is still gaining strength - weekly bullish engulfing candle (more upside potential next week, followed by sharp revesal) - more short term downtrend for gold and silver.
- DXY short term trend reversal - further price correction on gold - gold is still on macro uptrend
Short squeeze then a pump or Long squeeze then a dump? Lets see where we go today!
Arguments for target of 1750: - Weekly R2 Pivot - Weekly Kijun Sen support - 50% retracement zone from March 2020 bull run - high volume support zone
Reasons for TP of 23.0: - Bearis head and shoulders formation. - 38.2% Fib retracement from March 2020 bull run. - Dual pivot of Daily P and weekly R2 - Recent parabolic uptrend unlikely to have reached full retracement - Demand level here to be potentially retested Reasons for stoploss and invalidation: - DXY trending downwards. - Covid market uncertainty and...
Yolo prediction... Central banks continue suppression. Monetary system collapse in 2028. Gold and Silver finally take off in price due to irreversible hyperinflation. You have been warned. You have 8 years left to keep stacking. (not financial advice)
-bullish DXY Target price reasons: TP1 - 24.0 -1D Kijun Sen support -high volume support level TP2 - 22.8 -38.2% fib level retracement from low in March 2020 -volume supported level -Dual pivot zone of Daily P Pivot + Weekly R2 Pivot
Expect to see further downtrend correction after recent months of uptrend.
- Cyclic nature of BVOL indicates a rally in volatility - DXY dropping and USD flowing into stocks, commodities and crypto - Continuation of bullish uptrend