PeterLBrandt

PeterLBrandt

Bitcoin as a market has represented a series of parabolic advances on a log scale dating back to 2011. The recent correction has held above the current rendering of a parabolic advance. This rendering is a bit more complicated than previous parabolas due to the Covid crash in 2020. However, if the chart is viewed on a weekly closing price chart the parabolic curve...

PeterLBrandt

Expect higher prices. Volume expanding on move above recent high price

PeterLBrandt

Extended flat correction has been resolved to upside and bull market is back on track

PeterLBrandt

ETH could be forming a Cup and Handle chart pattern

PeterLBrandt

This development largely negates the immediate bearish implications of a H&S top, had prices turned down through the neckline.

PeterLBrandt

The thick red curve represents the current parabolic advance in Bitcoin. A correction back to 22 to 24 level should find support.

PeterLBrandt

Bitcoin could really get messy if this pattern is completed

PeterLBrandt

The correction from the Feb high is over. China stocks should advance steady over the months ahead. This is a BULL market.

PeterLBrandt

Completed continuation symmetrical triangle

PeterLBrandt

The Dec 2013 contract has completed a possible continuation symmetrical triangle. The target is 98.63 which equates to a yield of 1.37%

PeterLBrandt

Sizable symmetrical triangle is the pattern. The Mar contract has already broken out. The London Softs - Cocoa, Sugar, Coffee - are all in bull trends. $C_F

PeterLBrandt

I am interested in buying 20% to 30% corrections.

PeterLBrandt

In terms of the sentiment and character of the price action, it feels to me as if the current Bitcoin advance is at that point marked with red arrows from the two previous parabolic advances. The current parabola could correct back toward $30,000 without any damage to the market. The bull trend in 2015-2017 experienced nine corrections greater than 30%. The...

PeterLBrandt

Grab the bulls by the horns and you are likely to get gorged.

PeterLBrandt

We have a long way to go if previous parabolic advances are our guide

PeterLBrandt

There is a chance that Gold has completed a channel on the weekly chart. This should now set in motion the next up-thrust in Gold's bull trend. $GC_F

PeterLBrandt

The longest term charts display a multi decade Cup and Handle in Silver, best seen on the 100-year log chart. While I will not be around for it in my life, the target is around $100 per oz.

PeterLBrandt

The red parabola seems to fit the current healthy bull trend. A one-week pennant was completed on Christmas. The market is going up in a way that displays a buying program by strong hands -- that is, not aggressive bids, but market action where all offers are just immediately hit. The black line under the red line is the current parabolic advance on the weekly...