Going to be a strong month for Gold, weakness in stocks should transfer into a safe heaven or a store of value. cup handle pattern may finally play out. precious metals have been supressed due to the dxy strength, only a matter of time for gold rally to commence!! FOMC meeting today, cpi! may 10th key dates to keep an eye on! #goldrush
Although the chart appears bearish, monthly candle closed level with previous wick. everytime we have previously reached this trend support we have seen a 100+% move. may take some time to play out, could even break this in the short time, but after we should see altcoins rally! #bullish on altcoins! weakness in BTC could see liquidity transfer into Eth then...
Monthly candle failed to close above previous level's, indicating bearish for BTC. half expecting a scam wick (fakeout) before moving back down. likely come from the FOMC volatility. looking to hold 24-25k then continuing back up too 34k.
Silver bull flag! monthly candle closing above short term support. any candle close's above 30 USD, i would expect the price to rally to the 0.702 retracement. weakness in the DOW could see silver rally.
shows a 20% pull back in march, compared to the 10% upside move in april. would expect this affect CPI figures may 10TH. likely see pull back in stock's and an increase in precious metals.
Monthly candle closing above previous resistance, indicating bullish!
Will be waiting to see if this W pattern support holds, indicating a bullish reversal.
Monthly candle failed to close above previous monthly candle, indicating bearish. expecting a sell off in may. cpi figures on the 10th could contribute to this aswel. seeing the price of oil rise sharply during april.
Potential bull trap, completing the A,B,C. FOMC meeting 3rd of may!
Expecting another leg down for the DXY eventually when we break this support. we could see strength heading into the next FOMC may 3rd - The fed may pivot! pausing rate's rather added 0.25 bpts. CPI is may 10th expecting to be higher than expected after seeing oil jump from a reduce in production. which later leads us on to June 14th. if we haven't all ready seen...
Bottom could be in going off this A,B,C correction. usually followed by an automatic rally. possible we break down further, that should confirm the elliot wave down > A,B,C corrective wave to a breakout! we'll see if this support holds.
XRP - trend prediction for XRP. elliot wave back down 1,2,3,4,5 then a corrective A,B,C break out!
Retesting the bullish wedge! do the charts know something we dont? may pump from BTC + ETH weakness. may get a relief rally with a liquidity transfer!. still expecting xrp to break higher before A,B,C correction back down.
SILVER priced in USD Dollars. - Realistic move for silver. Breaking out of this BULL FLAG! maybe a sell off in may trigger a rally. bull flag formed - silver is heavily undervalued. still below its 1980 high. we could see a 68% move this would be heading towards the 0.702 + 0.786 #silversqueeze
US30 - (Dow jones mini) interesting W pattern. would expect a pull back, then possibly break the 0.702 + 0.786. fib resistance which would mean bullish for stock's if we see candle close's above resistance levels. Possible bull trap/fake out if it happens. I'm not bullish on the Dow jones within a high interest environment and has reached its retracement levels...
BITCOIN Analysis - W Pattern coming out of the downtrend, backtested the middle. ready to continue upto 34k. This could take some time to play out, still alot of volatility and uncertainty! - check out the daily wycof analysis for a deeper dive, within the shorter time frame.
Wycof Acumilation BTC - we could pump a little higher 34k is priced in from a W pattern on a weekly time frame. we may see a,b,c correction before or break higher to 34k then a, b, c back down. Bullish momentum heading into a retracement rally for BTC.