Gold appears to be distributing on all timeframes excepting daily , this added to the extensive media coverage recently makes me think that a significant all time top is near , gold still maintains support on all timeframes but that is probably the only thing holding it from a big crash.
I stumbled upon my old Elliott wave labels on the LTCUSDT , checked it's short term relative strength with BTCUSDT , looked more closer to the weird sideways to up consolidation and found a dodgy long with a microscopic stoploss , targeting ATH like a degen ...
i see the consolidation as very young and it may need both : time and volume to gather serious weight in order to register new all time highs . I see a rare fractalized repetition of H&S patters on the lower timeframes which is up to end a toping pattern in the following days thus granting short term opportunities for shorting with significant R/R ratios
This is an update of my last idea regarding BKKT stock: Bottom line : THE breakout illustrated in my last idea is very important because in conjunction with the all time low and this algo trading short squeeze form a solid bottoming formation that has not only political headwind and good earnings reports but comes with strong momentum and volume .
i compressed my analysis by a lot , if you want to see a longer video ,comment to show your interest
Credit goes to : Robert Prechter , he talks about the wave 4 and the golden section in one of his books : "The beautiful pictures from gallery of phinance "
Gas prices (at least in USA , at least at NYMEX) are going to drop despite all fundamentals that are there for an increase short or long term . Taking an look at the action from 2020 here considering it to be a broader correction of the previous downtrend . Zooming in i am showing you a microscopic level of price action and you can use this wisdom for a tight...
volume indicates that the nasdaq will see fresh lows for this bear market , the idea is not valid if the megaphone on 6h breaks to the upside
an end of the bear market may be in place until 16585 is intact