tuckerx2

tuckerx2

Worst case scenario gold may retrace 30% like it did during the previous recession. The support at $1182 should hold before it goes to new all time highs

tuckerx2 Updated 

Bitcoin may retrace to $2400 - $2500, bounce and hit resistance at the green trend line which is $3500. Then it may finally hit its bottom between $1200 - $1300

tuckerx2

Gold could possibly drop further to $1420 on my blue trend line as last support, as prices continue to fall due to fear in the market.

tuckerx2

Bitcoin price could possibly drop further to my blue trend line between $2400 - $2500 as final support

tuckerx2

Its a cleaner chart in comparison to my previous ones. But I notice that no one has identified this bullish falling wedge which bitcoin could be in. Do you agree?

tuckerx2

Falling wedge on silver which looks most likely to have a bullish breakout in the month of April

tuckerx2

Bitcoin may trade within the triangle that its inside before it breaks down even further

tuckerx2

White Line has held support. However, if the price breaks line of support view the green and gold trend lines as the next major areas of support

tuckerx2

Support lines for the possible drop mid march

tuckerx2

FOMC Announcement 18th March will play important role in dictating bitcoin price.

tuckerx2

patiently waiting for the breakout

tuckerx2

Rising Wedge pattern seems to be forming which confirms my bearish thesis

tuckerx2

bitcoin looking to breakout on the hourly time frame

tuckerx2

As previously mentioned I'm starting to see falling wedges with a lot of major currencies against the US dollar which signals there will be a shift in the forex market in the near distant future

tuckerx2

The yellow trend line could act as potential resistance which could see the market either break up or down by the third week of March. I'm starting to lean bearish as I'm not totally convinced by this bounce.

tuckerx2

If bitcoin breaks my white support line I will be leaning slightly bearish. However, my inverted head and shoulders pattern is still in play. My cup and handle pattern is also in play, but for the cup and handle to play out it must hold and bounce off $8280 support

tuckerx2

Something big is going to happen with the US dollar which I believe is going to be negative or positive. I also see a similar pattern with the EUR/USD where there is also a falling wedge on the monthly time frame.

tuckerx2

lower prices on smaller time frame looks likely