BITCOIN - DAILY
The Daily RSI (5) is now sub 14
Since 2023 this is the 8th time that has occurred
Price bottomed soon after
Each instance was profitable
bitcoin:native $bitu
GOLD - DAILY
I know it's fashionable to hate Metals on X now
But GOLD has a Positive Divergence on the RSI (5)
It has already made 2 attempts to cross the 50 DMA
And the 50 DMA is starting to flatten out
BULLISH
$GLD $gold $GDX
@allthingsf74065@pstAsiatech The alternative would be the Democrats solution to the China problem. They will just assist in the managed decline of America because they are too scared or corrupt or weak to challenge China. Hoping your enemy will leave you alone is a bad strategy for survival.
BARRICK MINING - DAILY
After a 4 month Bull Flag consolidation
Barrick Mining maybe ready to breakout
Initial target is the open Gap @ $48.55
Then the highs @ $54.48
$B $gold $gld $gdx
Remember:
Metals are in a Bull Market
And right now sentiment is terrible
Terrible sentiment is the fuel
Now is not the time to be bearish
That time was in January
Now it’s time time to be bullish
GDX - 2 Hour
GDX has a Positive Divergence on the 2 Hour RSI (5)
Along with a potential false breakdown of the triangle
Bullish reversal in play
$GDX $GDXU
Yes, financials in the US have lagged by a wide margin this year. The good news is the year isn't over yet.
Global Financials look ready to breakout here (via @TheChartReport).
Hard to be bearish with this happening from a very influential group.
@DaveHcontrarian@MakerWaddles It still amazes me how many traders get triggered by your calls to the upside. So I have this right - the trolls can’t buy up here because it’s to high , but then they can’t buy at the lows because it’s to low.. lmao.. no wonder 95% of traders make no money.
Don't be one of those people in life or on X
We takes other people's analysis or ideas
And then pawns them off as your own
Especially when you initially mocked those ideas as wrong
Everyone can see it
OIL - DAILY
OIL had a backtest of the breakdown from the Intermediate Trendline today
Watch for a Bear Flag forming here
$87.50 is the next target and probably an undershoot to the 100 DMA ( orange ) around $84
$oil $USO $sco
OIL - DAILY
On the 21st we showed how price was "crawling" along the 50 DMA & how that leads to breakdowns
OIL opening the week down below the 50 DMA & the Intermediate Trend line
Gap @ $87.50 next
$oil $uso $sco