My jaws drop when I see the charts moving in sync with the fib time levels.
Gold is currently taking a break below resistance and this is just in time for the fib timing I had marked on my charts before. :)
My investments are never solely based off of technical analysis, but I think it still provides an interesting perspective. It's interesting to see horizontal S/R levels being respected even in cyclical commodities, such as oil. For example, the $66 level has been such a huge S/R in the past decade, and a massive resistance level, in the past few years. Now so far...
I was happy to compound at 1676, the key horizontal S/R level back from 2012-13 and the CC levels pulled from the low to high of 2020.
The fib time frame gave me more confidence to compound even more at the end of March.
Gold is approaching the next resistance level 1776 quickly. Will we see a S/R flip or will it just break higher? ;)
PSLV has bounced from the weekly level that I had been eyeing for weeks, where I have been compounding again and again.
Today it seems to be officially breaking out from the CC range too. The fib time levels also working nicely imo.
BTCUSD has been trading in a steady uptrend channel in the past week but in a horizontal range in the past few days.
Is BTC heading towards a new ATH? or will it retrace back?
A similar uptrend seen in the second week of March broke out to a new ATH.
Could we see another big move in time with the fibonacci timeframe?!
It is going to be an exciting Easter...
