Just like in May 2001 and May 2008, we appear to be in a bear rally. This is difficult to see by just looking at SPX because SPX is manipulated by the money supply; However, if you look at SPX/M2, this becomes more clear. See the similarities on the RSI and MACD. This seems to suggest that some time before the end of July 2020, we will see a top in the market. ...
I started watching this in August of 2019. It's been extremely predictive for me so far so figured I'd share.
After discovering the World Currency Unit (WCU), essentially a basket of GDP-weighted currencies, and looking into how it was calculated, I realized it would likely serve as a better indicator of the Real Value of Gold & Silver. I've been following this exact chart for a while now; Very interesting how well it's lining up with fib levels, as you can see. I've...
The chart mostly speaks for itself, but.. My Hypothesis: Signal 1: The Fed drastically lowers the interest rates. Money supply increases. Stocks inevitably go up due to there being more money in circulation. Signal 2: The Fed notices the inflation and drastically raises interest rates. Money supply becomes stagnant. Signal 3: Money supply is stagnant,...
This chart shows Bitcoin controlled for inflation on a log scale. Notice the Monthly Bollinger Bands have never been this close and resulted in a downward move. HODL.
A simple bull flag leading to a double in price.
Time for a rollercoaster ride. $20k or $25k not impossible before a serious bear market, followed by a rocket heard around the world.
If Bitcoin prints a wick in the yellow circles like on May 27th and August 21st, buy it and ride it to the top of the rising wedge. Then short anything around $8000.
BTC's in another rising wedge ... It will fall to the previous ATH -1.27% (Nov. 1st) and breakout ( Oct 15.26% . 12th) of ~4900-5k.
Bull flag & falling wedge. Prepare for lift off...
I think we're at the floor. This could get very interesting ...and profitable.
The rally of late-2013 entered a bear market and found support around the top of the early-2013 rally: ~$200 The rally of 2017 will end somewhere around $6000-7000, and enter a bear market which could go as low as the top of the late-2013 rally : ~$1200
Breaking out of the Bear channel since August, 2011. Time for the Bull.
Bitcoins maxing out. Get ready for the next ride up.
Compare this up movement to March. The first reversal in gold has the most impact on miners. Miners shoot up and then the first sign of weakness, they drop. Miners don't even touch the edge of the triangle until the second leg up. Miners will be sideways/sliding down until one last drop, then i think the rocket is ready for launch
I think XAUUSD will test 1217-1219 again before heading back up. From there, depending how it reacts to resistance, maybe a Head and Shoulders or if we're lucky, a breakout.
Just like in March. History repeating itself while gold gets ready for another push up. In JDST for now, switching to JNUG if this plays out.
$20-ish for GDX, $29-ish for GDXJ, and then one hell of a blast off.