BITCOIN: WEEKLY 23.01.2021

In my last weekly update on January 16 I almost precisely forecast the level of the initial drop of BTC price. The corrective wave stopped at 28991 which is less than 200 points below the level of the supposed wave 4 of lower degree – 29178. Such accuracy supported the hypothesis that the top onContinue reading “BITCOIN: WEEKLY 23.01.2021”

BITCOIN: 21.01.2021

Last week I forecast that BTC this week would drop to the area of 32000-29900. Well, it hit 28989 few hours ago. Tomorrow is the end of week and I am seeing possibilities for the very bearish candles to be developed on the weekly and daily charts.– If tomorrow closes below the Double Top neckContinue reading “BITCOIN: 21.01.2021”

Long Term Forecast – VanEck Vectors Gold Miners ETF (GDX)

If you look at the Very Long Term GDX chart below and compare the build-ups of candles at the major top in 2011 and the one in 2020-2021, you would notice that the current one is more adverse. It might mean that a correction that started in August 2020 is just warming up and aContinue reading “Long Term Forecast – VanEck Vectors Gold Miners ETF (GDX)”

GEOMETRY OF GOLD: 17.01.2021

This week analysis of gold futures movements and candles provides enough material to forecast a further move down, possibly a strong and deep one. Let’s explore the hypothesis. Monthly:This week gold futures made one more step towards cancelling the large green candle of December. The price moved below monthly 8 EMA and is staying withinContinue reading “GEOMETRY OF GOLD: 17.01.2021”

CANDLES SPEAK – Wile E. Coyote Moment?

Major Indices – 16.01.2021 I don’t recall such negative weekly and daily closure in unison of all major indices and their futures as it happened on Friday, January 15th, 2021. Perhaps this day will later be spoken about as a day of major reversal and we would know this in just one week, maybe evenContinue reading “CANDLES SPEAK – Wile E. Coyote Moment?”

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