Gold is reaching historical heights back testing the price region of the announced global failing banking system March 12-15. Will it boost through or will it rest in uncertainty around the $2058 price region? What is for sure is that the uncertainty of market conditions are in favor of gold.
We took too long at this key fib resistance level. I'm leaning towards breaching 26k. However, 26.7k strong reaction is a SFP of the whole bearmarket channel where we can reach even new lows...so that's definitely I'm watching. However, with this 20% move up...so impulsive...I'm not sure if we ever see beneath 20k again.
My swing long and shorts. BTC retraces here perfectly on my MoonFib, hits the cc at 24.3k and then turns to take the lows at 18.2k. From there we either pump to higher, or lower to 12k depending on a W right lower leg on the moonfib target around 18.2k.
I made my fib on the wrong wick (I drew the fib before price went up). But npoc at 19123 next target if invalidated.
BTC makes a perfect 5 elliot wave into a three drives pattern hitting the .68 perfect. We have bullish cvd div on the daily, weekly and 4h.
A lot coming up in this one. Take back and relax. There's no hurry in the markets.
Bitcoin rallies towards the 1.236 and either retraces to 31k or lower for an extended flat to complete Wave 4, before going into the final Wave 5 (Macro).