Ronbaten

Ronbaten

Still a down trend, HH,LH, Fib 61.8° taken from the LH, and fib50° taken from the HH. also there's the EMA 50 and 100 A bit higher to restest (at 144) that trendline will create a hidden bearish divergence (blue and red arrow).But for this moment there is no bearish divergence!

Ronbaten

2 strong trendlines became a resistance together with the 200EMA Also on the RSI a bit higher we can see 2 trendlines...

Ronbaten

This should be a nice buy oppotunity IF silver will drop till that target. On the bigger picture (Weekly chart) you can see a symmetrical triangle. It's a big bullish channel but it's possible silver will retest that support line.

Ronbaten

Just a quick update. And still looking bearish.The reason-> still under the 50WMA, potential bear flag, thinking what's coming next week (again) some rate hikes probably 75bps (meaning negative for the markets).So you can see a bear flag. IF we go higher it's a little bit for me. the highest i see it goes,is around 4000 (also there we can see the 50ema, the up...

Ronbaten

If you look at the chart, you can see a lot of similarities with 2008. bearish divergence on the top and after a falling wedge. Now we see the same (yes i know,the angle is deeper but still...) But ones the falling wedge is broken, it dropped -40%, meaning if this time the falling wedge is broken (and not a bear trap), there's a possibility it can drop -40% (And...

Ronbaten

my previous idea was hitting around 1880 after down and if it's crossing the blue support line, only more downside (IMO) maybe slowly on the way to the next support lines (also around the FIB 61.8°) after new ATH will be made Bearish divergence and look to the other markets what's going on (don't want to repeat again, i have said and explain it many of times in...

Ronbaten

On the monthly chart my target will be around 18300 In theory we still can't speak about a bear market on the DJI, yes it was already flirting with it. (Bear market is confirming if it's -20% under the highest point( in this case ATH)) But it's just a matter of a time till that line will break (IMO) We have a major bearish divergence (black arrows). IF it breaks...

Ronbaten

Last idea i was bullish on gold, but if you think about it, IF everything gets down also Gold will go down, only DXY will go up. Last idea it went perfectly on the support line around 1830 and went up to around 1860 but in the end, it broke that support line. I think eventually will go till 1880 (fib 61.8°,50 + 100 EMA, red trendline and good resistance line(black...

Ronbaten

So we have a relief rally up. But when you look, it's still a downward channel . What do we have: -Downward channel -Fib 61.8° (around 33626) -Now already a Hidden bearish divergence (Black arrow), but IF the DJI continu to go up more, then it's creating even more hidden bearish divergence (see the other black arrow) Also on the top part of the downward channel...

Ronbaten

Around 116,27? Does this sound crazy? Actually it's possible, why not. 2 powerfull trendlines and a 50% FIB Just think about this, We're probably in a longer term bear market, just look at everything in the charts. And just think about this. When people are selling their stocks,crypto, metals and assets, their are putting it into the dollar. That makes the...

Ronbaten

On the chart we can see a good resistance trendline around 35282. If it can cros that trendline with a open and close candle, it's possible DJI can go till 37815 (depending where we're on that moment). And If it cros the trendline and passed 35600 (meaning it maked a HH) Everything is possible but i don't believe the DJI will go to 37815. (IMO the long bull run...

Ronbaten

See a bearish divergence maked a double top, so going down for retesting that trendline again and after to continu the uptrend. Also on the RSI to retest that trendline BUT if gold is going down, it's very important to hold that trendline There is also the 61.8°fib around $1833. So it should be a good buy opportunity

Ronbaten

So if you look at the chart and we copy that bull flag from july till sep, you will noticed the target was perfect at $69000. So why not do the same (IF) this is a bear flag, the target will be around $9500. The bullish targets are the break out from the triangle on the top. the other bullish target is as high like last ATH And last one is the target if and where...

Ronbaten

So if you look at the chart, we can see a HH after a LH and now again a LH. Or will we go back to the top again around the 37000 and test that resistance line again? (i don't believe it) Also can see a bearish divergence ( black arrows) Yes a while ago it crossed the support line and my thoughts was that we're on the way to the around 32000 zone. If you look we...

Ronbaten

So i have to admit my last idea from BTC with the symmetrical triangle (Elliot wave ABCDE) was wrong!!! It's really hard to again admit that the chart is looking bullish. Why: For two simple reasons: 1. the big hidden bullish divergence. (see with the red and blue arrow) 2. the 50EMA is broken above BUT keep in mind the candle is not closed yet (that will happen...

Ronbaten

2 powerfull trendlines and a strong resistance line. Gives me a view that this probably will be a sell. So if this will happen, rune created a LH. we will see what will happen

Ronbaten

At the moment btc is like in a symmetrical triangle. If we take the EW ABCDE, it would look like this.so that means maybe this should be wave E. I know a lot of the people are really bullish, sorry but i just can't see it in the chart at the moment. We have to break 44500 (also the 200ema) and use it like a support, even then i see btc going to the low 50's. At...

Ronbaten

If you look at the weekly chart, you will see somethings that's not the same like last time: 1. Last time there was not 1 open and close weekly candle under the 50 ema 2. Last time the channel was down (see with the red lines) (meaning a break above is bullish and that happend) BUT Now: 1. This time we have already 9 open and close weekly candles under the 50...