Silver at a key point trying to break 400W moving average currently at $18 dolls, if succeed, it could potentially start a new rally, fundamentals shows a recession coming up for the US economy, specially analyzing the level of debts, unemployment, income vs spend ratio, yield curve and specially the artificially inflated US stock markets. All of the above bring...
Forecast shows oil is in a downturn parallel channel. If oil stabilize, it will try to reach $45 dolls per barrel which is the 400M moving average, then will be rejected back to the $30-35 dollars. Oil needs to stabilize in that range for 2021, then try again in 2022 when the supply could be disruptive due to the lack of oil wells drilled in the last 8 years,...
Forecast to see US dollar hit $36 MX Peso Per US Dollar by Q1, 2027 US dollar keeps rising against Mexican Peso in a Weekly Rising Channel connecting highs and lows in the last 20 years. If we prolong this channel we can forecast US dollar hit $36 MX Peso Per US Dollar by Q1, 2027
Monthly Chart DJI Dow Jones Industrian Average
SPX Weekly Chart SPX is going to $1800 dolls, hopefully it will find its bottom there, Interesting enough I am considering BTCUSD accummulation zone starting in the $1800 dolls too.
Just drawing the Descending Parallel Channel from BTCUSD Dec2017 $19,666 to Feb2018 Lows $6,000 connected to the break down from Nov2018 $6,000sh ( 1 channel touching weekly closes and the extension of the channel touching daily closes) That descending channel give us an idea on how 2019 could look like. Follow the channel and trade accordingly. Accumulation...
Just drawing the Descending Parallel Channel from BTCUSD Dec2017 $19,666 to Feb2018 Lows $6,000 connected to the break down from Nov2018 $6,000sh That descending channel give us an idea on how 2019 could look like. Follow the channel and trade accordingly. Accumulation zone from BTCUSD from $950 to $1800 during most part of 2019 stating the 2nd Quarter of the year.
Log Chart Scenario showing BTC $300,000 dolls by 2023
Descending Triangle Analysis for previous Bear markets periods. Descending triangle shows 2 zones, the 1st drop reaching the 1st target down, and then the final drop (capitulation) reaching the final target of 50% from the drop from descending triangle break down. RSI on BTC Weekly Chart BTCUSD. Purple line shows the start of the prolonged Bear Market and the...