I believe icp will reach 22 usd in late February after that we may see a big pullback but I believe icp will reach at least 200 usd in the long term.
GDX could breakout from falling wedge within days and hit 61.8% resistance
GME has been consolidating for over a year and is ready to breakout to a new ATH
If bitcoin behaves like it did in the period of 2017-2020 in a long consolidation then it will make a huge move during this year, possibly within months. Upside target is 100K-150K, and downside is 10-18K. Whether it breaks the consolidation to the up or downside depends on the stock markets appetite for risk, and on political factors. #BTCUSD
Gold has lost momentum and could set a lower top this summer at 1930 fueled by dollar weakness, and then continue bear market correction to levels around 1400 by end of year.
Idea: Silver goes up to 26 before continuing correction to 22-23 area and up to 30 or beyond afterwards.
Its possible that silver is breaking out of a multi month consolidation, target short term 27.
Bitcoin has lost momentum right now and might be ready for a correction from now and during the first months of 2021 which could generate cup and handle formation, with a target of 50K or more by end of 2021.
If history repeats itself bitcoin should hit 20K soon and correct down to levels between 11,700 and 12,900 based on the pattern from 2016
Assuming that dollar strengthens and most assets corrects the coming weeks bitcoin should have a correction down to Fib(50) @ 11,400, which also is a trend line support.
Gold is till correcting and should find a bottom around fib(50) between March low and August high. Expecting new highs next year.
Bullish scenario for TSLA after the SPX inclusion: Dip to 400 Consolidation for few years around 400-600 level Up 10-12x to level of 5000 in 2023-2025 Bearish scenario: Stock market crashes 2021, and the stock collapses down to levels from 2019 around 50-60 dollars.
Silver has been consolidating between MA(50) and MA(100) for weeks now. Last week it had a breakout to the upside upwards 26 that was false so its back into the consolidation pattern. Since then DXY has strengthened and SPX has topped and turned potentially bearish, therefore the chance is higher for a breakout to the downside this time. MA(200) should provide...
Assuming that silver is following the same pattern as the March 2020 crash it should top at 26.8 by end of October, do a correction and start a new bullish trend in mid-November taking it back to the range of 27-30
The current downtrend will probably have a temporary move up to 26 from the current level of 23.8 but fall again to 19-20 around election date, and thereby erase most of the rally from June. From 19-20 I believe silver can begin a new fresh long term bullish trend taking silver past the last top of 30.
Based on EWT the correction phase started in beginning of 2018 is not finished yet until it touches the highest levels from the 2013-2014 bull market.
If previous patterns in the logaritmic scale repeats itself we could see BTC go up to levels around 150,000 USD by the end of 2020.
Thanks to the widespreade usage of electric cars the demand for oil is going down long term, I expect it to stabilize around $20-25.