🚨 Breaking: Iran was just given a 2-day ultimatum to reach a deal.
If they fail to do so in 2 days, the consequences are clear: they will have another 2 weeks. Or 2 months.
@Nostre_damus Stagflation triggered by persistently high oil prices should be bullish for gold. Institutions keep releasing panic headlines about rate hikes to facilitate gold sell-offs, but in reality, with US debt now at $40 trillion, the Fed cannot afford to raise rates
EVERYONE IS WAITING FOR THE PERFECT BOTTOM.
THAT IS THE TRAP ❗️
Bitcoin is already showing an extreme cyclical reset.
Monthly RSI is deeply oversold while price is near the longterm log regression base.
That is not a random weakness.
That is where the best long-term opportunities usually hide.
The crowd wants a perfect bottom.
The chart is showing a rare reset zone.
Extremely Oversold 💥
Major support in Silver comes in at $54
Here is how the dynamics of price behavior works:
Late comer bulls who bought >$90 missed the top and have sworn to themselves that they will never sell out
In fact, they have stated their intent to buy more at $65 and more at $60
They will mark the bottom by puking out their positions below $60 swearing to never trade Silver again
This is how bottoms are made every time in every market be it Silver or Bitcoin or Soybeans or Sugar or the S&Ps
$SI_F #silver
As I have said before,
Bears have 3 months to push $BTC as low as possible.
Whatever price Bitcoin reaches in August or September is likely to represent the cycle bottom.