Still going in the right direction. Resistance at 3200 to 3400 area give or take 50. Then next big move up to final target #1 is around 6k and if we over shoot in the madness then 9 to 10k.
Added a secondary target. Gold going as it should adjustments made from last chart.
Very close top topping here and then a correction, possible path.
My long term target is about 1100. Once the we get a channel break the bear starts with a low in the long term buy zone. The grind up again.
This part of the move might be coming to an end then a correction then new high
Still in channel but the envelope is starting to go side ways ( current sell and buy area ). If we continue up in the channel then we could reach the time frame where we go side ways for about 10yrs. In the 10 year side ways movement there is also area for selling and buying. and once we break out of the long term consolidation we will be a the next big bull move-...
Possible path and major target areas. Its all in the chart. Tradingview said I did not wright enough but its all in the chart.
Possible bubble pop and it has a long way to go but not straight down.
Had a good move now looing for weakness in the sell zone targeting buy zone.
Note to myself. Don't have to look for the exact bottom 1. Buy the break of the RSI down trend line. ( red vertical line) 2. Buy the weekly close above 20 WMA after the break is confirmed. ( blue oval) 3. Buy the test of the black curve line ( green oval - happened after every major bottom) but after break if RSI down trend line is broken and a close above the 20 WMA.
We are at support of the green box and should move to the red box ( this will be a counter trend move , so bullish till the red box and then will make new low). The move to new lows as we make all time new lows ( long term bearish)
The bond bull is over and the new path to rising rates. It looks like we have reached the resistance of the red box , there is a chance we do an over shoot like we did at the bottom and then reverse to the green box ( which will be adjusted is the if we over shoot). Then we keep rising in a wave like manner.
If we follow the other 4 times. I should buy once the monthly RSI down trend is broken and look for support at the 1929 crash bottom trend line. Use Fibs to target possible bottoming levels. Fingers crossed.
DXY - is reaching sell zone. Watch for topping in that area. Then if rejected we may enter a dollar bear for a while and this will help gold and BTC.
If it follows the bubble chart it may follow this path. For long term investor who believe in the fund , the area to one consider to buy.
If the curve is broken and the head and shoulder is broken then measured move to green box. The monthly MACD has crossed should help the bear case. If the bubble pattern plays out the below the black line. Lot of bubble out there.
Eth in the sell zone and once support breaks 1700 is calling. The bounces and drops till the final bottom 1000 to 700.
This a very long term monthly chart. Still following the same pattern.