The chart is self explanatory, if you don't understand it then you should go watch some anime or smthn! www.nicehash.com
We short ETH into oblivion. The fomo moon boys are bullish again. Time for the rug to be pulled. One last leg down and then we accumulate in the "depression" zone.... You know the time, "crypto is dead, it's never coming back, do you think crypto will ever pump again, etc etc etc." If you have been through some crypto bear markets you know exactly what I'm talking...
I'm bearish on Silver for the short term. It looks like we will break down out of this descending triangle and go to my first buy zone. I'm fairly confident price will bounce from here. If it fails to hold I'm sure we will visit my second buy zone, however it may take some time to get there. Like with my Gold prediction, I think money from the S&P will flow into...
I believe Gold will break down out of this descending triangle and fall into my buy zone below $1367. I'm short term bearish on Gold but long term bullish. I believe money from the S&P 500 will flow in when the time is right.
I expect us to revisit support at the green line or at least 1.5 soon, perhaps this week or within the next two weeks. Gaps always get filled!
MACD on the 2 week chart just had a bear cross and the histogram got a red notch. I would think bulls need to act quick and send this up swiftly or we are in for some bearish price action. We almost had a bearish cross on the 2 week chart in the last bull run, but it ended up being an elaborate fake out. Notice how the histogram hasn't didn't change red then...
What a pickle we're in. I find this bullish. Thoughts?
Beras had a valiant effort but were unable to break the resistance. If I were a betting man we now go to 9.5k this week. After that I would think we go down again, but perhaps if we are truly in a bull market we will range for some time and then continue upwards.