Social Mood is key and many people do not consider what "mood" is and when those moods change to change primary trends. This is why I created my fib theory to measure the mood changes.
STEEM/BTC (STEEM token) 720 minute/12 hour semi log scale, candlestick wicks removed for wave clarity. 05/17/18, 9:00 PM EST, by Michael Mansfield. Hi trader friends! Looks like we have more sell offs with this token, if these cycles are correct. Steem is a token from the blockchain enabled social media site, SteemIt.com, which, is kind of like a cross between...
In the medium term, gold is in the 5th wave of an ending diagonal that could end around 1030. But before heading to new lows we could see a correction towards 1120 levels in the (B) wave. In the long term, gold should start a multi-year upward move towards 1450-1500 during these years the sentiment will shift from bearish to bullish and analysts will call for new...