$BTC with a 5 wave decline from the May high. Probably getting close to a short term low and a possible multi week bounce but with the impulsive move down it looks like shit conditions will be here for a while longer
$Gold not doing much yet but a nice reaction from the 61.8 and daily shaping up alright after a corrective looking and channelled move down so should be good for the low to mid 5000s
$Silver with a strong start to the week but with how the gold/silver ratio looks I suspect $Gold plays catch up soon. Bought more gold and will sell some silver for more gold as well.
Looks a good shout. The choppy grind looks sketchy but the monthly close looks decent with a morning star + inside bar breakout so the point of last breakdown at ~80k looks a good line in the sand
bitcoin:native
As badly as I want to be bullish - I have to be honest. This structure so far is ugly. It doesn't have the right *look* for a bottom so I am still cautious.
We have to break $80k (blue path) with conviction for me to believe we're going higher.
Or else we could see some more ranging and a sweep of the lows (green path) to form a better looking bottom.
One more high came and the aggressive sell followed. $DXY prob good for a move down to at least range lows again in time with the Euro and Gbp looking set for new yearly highs
$DXY looking close to topping again if not already. The low in January was taken with 3-3 structure so this bounce is likely a C wave of a flat correction. One more highs is possible and if it comes it prob gets sold aggressively but looking close to another leg down either way
looks to me $gold now at a good bid zone imo, clear abc on daily, we also have a clear 5 up on ltfs from the low when you zoom in and wicked the 200dma on daily.
wouldnt be surrpised it takes a while from here and ends up going sideways for a bit however i do think ultimately that was the low.
Noticed some accounts are now dropping 5-10 replies every hour, round the clock. It’s obvious they’re using AI agents churning out slop for engagement/followers. Dead internet theory isn't just a theory anymore
$BTC and the other majors with false breaks + 5 wave declines on 4hr. Probably getting close to a short term low but with the impulsive decline if a bounce comes it has a decent chance of getting sold from ~72-73 back to the lower part of the range again
$BTC took a while but the Feb highs now cleared. Getting close to the 1-1 extension so probably sees some resistance a bit higher. Clearing ~79.3 to shift structure gives an impulse and more significant low a better chance
$BTC went a bit deeper but the orderly selling finally stopped last week with a possible impulse from the low on hourly. Price is on the lower weekly bollinger band atm and below the 3 day bands so probably getting close to buyers stepping in again
Due to these consecutive inside weekly candles, this weekly close is extremely important
If buyers step in at some point and flip this weekly green, will set up a double inside week false break down, which would be v bullish
However, if buyers don't step in, and weekly closes bearishly, would be looking at a double inside week break down, which would be v bearish
6th red week in a row, what a time to be alive
$BTC gone quite deep but not invalid yet. At the 0.78 fib + daily support with 4 days until the monthly close. Ideally get some strength soon to salvage the monthly and weekly as holding here or lower wouldn't look great
$BTC went a bit deeper but the orderly selling finally stopped last week with a possible impulse from the low on hourly. Price is on the lower weekly bollinger band atm and below the 3 day bands so probably getting close to buyers stepping in again