peter_jackson

peter_jackson

BTC Maybe in a deeper correction phase. We could be starting wave 3 of a 5 wave move down. If the price heads above last weeks high then the wave formation maybe invalid.

peter_jackson

Looks likely we get a good bounce here since we are at huge support levels.

peter_jackson

My target is the orange circle around 3700. This could be an simple ABC correction resulting in a 22-23% drop from ATH. Resistance from the bounce at the red downtrend line. Further downside likely.

peter_jackson

Entry points are $4.89 - 4.96. Ride to the top of the channel.

peter_jackson

I have plotted the Justin Manas sentiment chart to $btc daily price chart. The price action is mirroring the chart nicely. Looks like the aversion stage is at hand. Lets see if it can complete the breakout as indicated.

peter_jackson

The $HUI is looking ripe for a breakout of this ascending triangle. The resistance line will break this week. Look out above ....

peter_jackson

This chart is looking really good. A break of $1950 and I think this time there is no going back. Target $2500 sometime this Quarter. Miners will out perform by a factor of 3.

peter_jackson

Looks like there is a gap to filled. A date with destiny. The green support should hold as we are extremely oversold.

peter_jackson

$ADA could be forming a handle of a multi year long cup and handle formation. Price may venture to $0.40 before we can say the bottom is truly in. If this plays out (which I am hoping it doesn't) then Q3 2023 looks like a date with the ATH again. However the fundamentals for ADA keep growing. Maybe 'lady luck' will be on our side.

peter_jackson

For those who kindly asked for an update on Gold, here we see price respecting the arc. The path of least resistance is into the blue zone to retest the $1950 resistance line. Hold on tight, from Sept to December 21 should be exciting.

peter_jackson

So far so good. Expecting a pullback into the Keltner channel (wavey blue area) to the mid-point today or tomorrow (25th or 26th May). This would also retest the thin blue downtrend line, now support, before moving up higher.

peter_jackson

Following my red arrow line as predicted. We are still looking at late June for the final breakout above this cup and handle formation. $36 will be the new test then onto $50-$56.

peter_jackson

see chart comments

peter_jackson

See chart comments.

peter_jackson

See chart comments

peter_jackson

See chart notes.

peter_jackson

See chart Comments.

peter_jackson

See chart Note.