DgitalZenTrader

DgitalZenTrader

I have been waiting for this setup to develop for a while now. Today gold is breaking above its October high. It is at the same time challenging its weekly downtrend line dating back to April 2020. With persistent inflationary pressures we already saw the energy sector being the best performing sector in October. Big money is flowing in these sectors and precious...

DgitalZenTrader Updated 

While liquidity has greatly helped fuel earning recovery and the stock market. Those earning have reached their maximum growth Q/Q or Yr/Yr. It is my contention that the evaluation will have to be contracted to reflect this reality. Picking tops in exuberant times is always a risky proposition, hence why I will try to pin a low risk entry using a smaller time...

DgitalZenTrader

Simply an update for the previous BTC chart published earlier. 58K held again now another attempt at 62K. The chart is self explanatory.

DgitalZenTrader

Since the sharp reversal from the all-time new highs in the $67Kish area, Bitcoin is showing signs of weakness in the short term. It goes without saying that bullish sentiment was rampant at the top, too bullish. When I use wave analysis, I have enough experience to know one cannot even trust his own count blindly. For me, I use them to differentiate impulsive and...