Fibonacci_Technician

Fibonacci_Technician

Bitcoin daily in an inverted cup-n-handle (top). More net sideways likely to complete the handle followed by a downward progression to test 29k. Plays out by EoY.

Fibonacci_Technician

People are blowing this off, not giving the situation its due respect. Revere history. Even if this double-tops as it has in the past we're on devastation's doorstep.

Fibonacci_Technician

Bitcoin daily chart. The bubble has been playing out since the first trading day of 2021. Less of a *pop* as a wheezy leak. Deflating nevertheless. Please read notes on chart.

Fibonacci_Technician

An example of an orderly, technically driven, cascading breakdown. No chaos. Driving towards a natural conclusion to the movement. The question now is which direction will be the break.

Fibonacci_Technician

Silver monthly.

Fibonacci_Technician

From a long-term technical perspective GOLD has already begun a multi-year decline.

Fibonacci_Technician

Just a brief political/historical overlay of the S&P.

Fibonacci_Technician

Yeah, it'll be different this time.

Fibonacci_Technician

Gold is stalling out.

Fibonacci_Technician

Ascending wedge breaking down.

Fibonacci_Technician

Is the silver submarine about to dive?

Fibonacci_Technician

At hardcore resistance.

Fibonacci_Technician

Currently looks like a breakdown and backtest. Watching for success/fail.

Fibonacci_Technician

Oh it's comin'...

Fibonacci_Technician

Historical overview.

Fibonacci_Technician

From a purely technical standpoint, the 2 month chart is reflecting that this interim top is in and a significant long-term decline is in the offing. This is a study. Compare and contrast the two major events. History is your friend.

Fibonacci_Technician

The 2 hr. silver depicts breakdown with the 50, 100 and 200 day simple moving averages beginning to rotate and roll over. Longer timeframes are reflecting similarly.

Fibonacci_Technician

The NG 4 hr. chart is sporting a major squeeze set-up. Should play out shortly.