Hopefully, DXY respects this range its been in for well over a year now and starts to head down. Give risk on assets another push-up? BTC to $90k? Would this send silver and copper into ATH? What do you think?
Another Metal is ready to break into ATHs. Looks like all the precious metals are ready to start flying. IMO if the material is needed in tech over the next ten years or weapon systems then the price will fly.
Silver will be Gold's fast baby brother, I think Silver, once it catches up, will outperform Gold for percentage gains in the next ten years. I would not be surprised to see a break ATH by the end of 2024. 🚀
Gold has broken out this year into ATH if we look back over the years for gold and zoom right out then we can see long accumulations of around 15 to 20 years followed up by bull markets of around 10 years. With everything going on around the world, with central banks buying back gold, the rich gaining huge sums of money during COVID which they are buying assets...
Would not surprise me if we saw quite a bit more downside for RIO possibly down to 0.382 but maybe not that deep. I would like to see the RSI move a bit more down before we head up also.
A bit messy but a falling wedge on BTC could have formed here which is a bullish pattern. We are also at range lows, with a deviation already done. RSI has also reset to January levels, hopefully ready for the next push up in the coming weeks
NAKA is looking for a bit more selling pressure here IMO, my first bid would be around 1.1 But also we have the Fibs (0.382) on the resistance from 2022 and late last year which if ALTs bleed a bit more could be hit so maybe stink bid it there. I have my targets of between $20-$32 for NAKA and will start scaling out from $15
With over a year of accumulation on DMTR we got the initial pump up and now I would expect a retest of last years ATH before continuation. With BTC ranging the more likely this will be the case
Found this from a few weeks ago and it has played out. Fibs respected and with the liquidity zone I thought there would be a bounce there. Currently not trading Apple as I am 100% in Crypto but still good to practice on a range of charts. Where do you see Apple heading?
Using the Fibs we got our targets, and also taking a measurement of the first touches of the pennant you can see we nailed this target bang on. The plan was to take profit there as it was my 4x TP zone. But did I? Of course I bloody didn't. But we learn and move on. Hopefully, a retest of the previous ATH and we go again. Still supper bullish on this project...
I used the Fibs a few months ago and it just so happened that the top was around the same area as my 4x TP zone. Did I take profit? Of course not, I thought we were still early in the bull run and BTC looked good at that point. All part of learning to control emotions, as if I had stuck to the plan I would have had dry powder to play with on this dump.