siegp8

siegp8

Gold is currently sitting at the 40 month moving average. There is plenty of time left on the 2 month candle though. Time will tell whether it manages to hold or not, but I'm leaning towards not. If it doesn't hold, next stop seems to be at around 1600.

siegp8

Bitcoin may be traveling in an ascending channel either until the blue line or the white line.

siegp8

40 day moving average has proven to be consistent resistance for BTC since the bear market started. Will potentially stop it in its tracks once again.

siegp8

Bitcoin is in a fairly clear bear pennant, with an initial target of 13.7k. If the full pattern plays out it could send BTC down to 7k fairly quickly.

siegp8

BTC is threatening to lose support at the upper yellow line and weaken against the nasdaq, at which point it would likely move within the falling wedge down to the next yellow line. The lower yellow line could mark the bottom of the bear market. If not, the red line seems like a likely target for BTC to find support.

siegp8

It appears BTC/QQQ^2 is traveling in a falling wedge. For now it has bounced but it doesn't look like it will hold for too long. It seems that the next major support is a decent ways down at the second yellow line.

siegp8

Dxy could break out of channel and go to 135 based on fib spiral / resistance line convergence.