BitzGvng

BitzGvng

Has completed 5 Elliot waves and then retraced exactly to .618 Fib line (which also happens to be support - tested twice). Coupled with the oversold Stoch RSI indicator, GOLD could definitely be poised to rise, and perhaps test resistance once again, within the few months.

BitzGvng

These almost always end up in profit. With the Australian Dollar falling on recent news of US job gains, it couldn't be a better time to hedge a percentage of your portfolio against gold.

BitzGvng Updated 

We seem to have hit the lowest point of a rounding bottom. The price appears to have broken out of whatever triangle it was trading within at the very bottom of the formation. Coupled with the oversold indicator below and my previous TA based on market psychology, I believe that people are buying ETH to hedge against the impending August 1 fork. Take what you want...

BitzGvng Updated 

If this is true, then we've only just seen the beginning of the bull run. The corrective wave should be over, and cycle 2 has just begun. What do you guys think?

BitzGvng Updated 

Obvious cup and handle, would be interesting to see how this pans out. ETH usually touches $200 and heads back up to $260, although I'm unsure such a steep high will occur again.

BitzGvng Updated 

I believe the triangle has a better chance of breaking out upwards because: a) BTC is underbought on the 1 day charts according to Stoch RSI b) August 1 could bring about a completely unexpected pump