I have a $30k target based on the break of the right neckline of the head and shoulders/double top type distribution pattern.
I expect a relief rally at the 200 day MA ($40k); the RSI has also now entered oversold territory.
This relief rally would retest and be rejected by the H&S neckline at approx $48.5k, followed by bearish continuation down to the $30k...
The Weekly chart of Silver is developing a bear flag formation signaling another leg to the downside. But there is potential strong support at the $20.85 level which has served as multiyear historical resistance and also happens to be the 50% retracement level of the most recent rip to the upside since the March 2020 liquidity event. I believe this possible down...
bitcoin is currently making an intermediate upside move with catalysts including increasing mainstream adoption -- micro strategy and especially paypal in recent news
the biggest catalyst, though, is election-related chaos and civil unrest as major impediments to the real economy, substantially increasing probability for fiscal stimulus before year-end and...
Based on the premise that equity markets have traditionally yielded higher returns in the periods around New Moons, and lower returns around Full Moons, I attempt here to extrapolate this idea to the Bitcoin chart. This roughly suggests downward pressure on the Bitcoin price in the period around Full Moons, and price support around New Moons. I expect there to be...
What follows is not investment advice.
Potential buy and sell points leading into the halving based on historical support/resistance.
Doubt that the price will dip below the 200 MA, but if it does briefly it will bounce back at historical demand level of $7450.
Daily RSI is oversold and weekly is approaching 80 leading into the halving.
Thoughts?
