$Bitcoin Bull Market starts Now.
Chart 1: Bitcoin / Gold ratio:
Complete Bull (5-wave impulse) & Bear (3-wave, a-b-c).
Textbook elliot wave representation of a complete cycle.
Chart 2: vs USD:
Retested & bounced off key $65k level (from 2021 double top + election breakout after 1-yr range) on strong volume. Reversal underway.
This is probably a bottom - for now at least, especially vs Gold. Gold rotation underway.
Below: Weekly BTC/Gold chart; Weekly BTCUSD
Just confirming, this is NOT the look we want to see for $ETH Daily chart as it break under this trendline w/ some real bad press & bear market vibes, right?
What happens now, Anon π€
If I had to make a bet, I'd say $Silver is ready for a next leg up. Probably a nice multi-week / multi-month rally brewing. $100 would be the first logical target level. $Slv $Agq
Not feeling great about this market as it pertains to crypto prices in the near-term.
$BTC getting rejected at the 50-day MA,
Iran war escalation, stocks closed for holiday, stronger jobs numbers (good jobs report = bad for rate-cut odds), BTC falling under trendline after multiple failed breakout attempts. Sunday futures should be telling. #Bitcoin
Prob a good trade to be had in this newly listed $BTGO.
Primary (only) new public crypto infra/custody/wallet play.
Should be a solid 40-75% upside in the short-term back to the priced range and into that $20 level.
Once above 12.50, we prob see 15 soon after.
PT's mapped
Could see $PLTR retracing to $100 in the coming months
Here's your picturesque short entry top of the right shoulder there. π€·ββοΈ
$150 would be first pt π #Palantir
I'm watching this $BTC / $GOLD chart for a reversal
Monthly candle chart going back to 2017
Liquidity flows from high to low, Gold gains should start moving into BTC. A reversal on this pair would validate.
If BTC can bounce meaningfully vs gold:
New π-market unlocked
π Watching close for a reversal on $BTC vs $Gold π
In the meantime, a wick down to $65-70K followed by a sharp bounce would be the recipe to spur this next run.