Northstar69

Using multiple 'weight of evidence', Fibonacci, measured moves, support/resistance, distance from moving averages etc, this is what I consider to be the most likely outcome in the next few years.

A new era for precious metals is emerging. We can expect to see many years ahead with gold and associated precious metals investments outperforming the stock markets.

After more than 10 years in the making, our cup & handle is ready to take gold beyond $2500 in its initial move to the upside.

If it can push above the $35k resistance level, we can begin to have a much higher degree of confidence.

As with Bitcoin, I'm struggling to see why everyone is so bullish here...

I know that everyone seems to be bullish on Bitcoin, but I'm just not feeling it. An unbiased, objective analysis shows a pretty clear breakdown.

The important support levels are shown, but this could be the start of a turn around. More evidence needed though.

Interesting reaction as price hit the edge of my arc. It’s up 13% as I write this…

Pretty much all of my crypto charts are hanging by a thread, but are not yet broken completely. Here’s another example. Stellar Lumens is still withing my arc, after hitting it and bouncing up. As long as we stay above about $0.20, we’re still on track. Only time will tell of course.

IF that support were to fail, it’s bombs away, BUT it hasn’t failed yet. Need to regain that 12-month moving average (currently $11.07 and rising). IF that happens, it suddenly looks all very normal and very bullish.