PeterLBrandt
@t_PeterLBrandt
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PeterLBrandt
This is a major breakdown in the ratio of Gold to S&Ps. Target is .65 or so. Buy Gold, sell S&Ps, and if you are foolish you can then buy a Lambo But if you are foolish enough to buy a Lambo, then you are stupid enough that you will lose all the profits from this trade
PeterLBrandt
A blow out through the top boundary would set up a target of $135,000
PeterLBrandt
The price of Solana has now broken into new all-time highs, surpassing the 2021 high. Where do we go from here? I would think $500 is the next stop.
PeterLBrandt
SOL retested massive rectangle, completed small ascending triangle and penetrated upper boundary of channel. All in the same day.
PeterLBrandt
Should be lots of support around $2 or the intermediate high of the symmetrical triangle
PeterLBrandt
New ATH is next target. A massive bottom pattern has been completed. With ELON in charge of government DOGE, the spill over should be something really special
PeterLBrandt
I am a Bayesian in terms of probability theory. I look for Priors to give me a clue. There are many Priors in Bitcoin that provide guidance on the magnitude of price "Mark-Ups" following prolonged periods of chop. The most recent Prior from Jan-Mar 2024 would suggest that Bitcoin continues its rally through the end of the year and might reach $125,000 by New Years Day.
PeterLBrandt
PeterLBrandt
BTC has now completed the 7-month inverted expanding triangle. Consolidation at new ATHs sets a target of 94,000.
PeterLBrandt
The last time Bitcoin closed lower than the present price was Feb 25, 2024
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