Technically: NAS100 printing double top. NAS100 printing bearish divergence. NAS100 break the trendline.
Real clean 3 rising valleys Bito will confirm with a retest of the top of the range / neckline. The measured move of this pattern is a 1.618 extension, suggesting the potential for a price appreciation of 300%. This would have some pretty serious implications for Bitcoin of course, as the underlying asset here. Ive also added the measured move of the range itself, but will personally be happy with the logarithmic 1.618.
https://www.tradingview.com/x/dBypYvWd/ Examining the chart above, it's evident that gold has experienced several prolonged periods of consolidation, often lasting decades after reaching all-time highs, with a typical decline of over 45% in value before eventually returning to those previous highs. I'm addressing this today to provide insights into investing in gold. Although many assert that gold serves as a store of value, the 45%-65% drops it frequently undergoes challenge that notion, making it difficult for me to embrace that perspective. I believe gold can still be a worthwhile investment; however, I contend that the most effective strategy for investing in gold is through long-term dollar-cost averaging (DCA). For instance, if I aimed to invest $100,000 in gold, I would prefer to purchase $10,000 annually over a decade rather than investing the entire amount at once, which could lead to a potential 60% loss and result in long-term illiquidity. With the emergence of the digital gold revolution, there's a significant risk that Bitcoin (BTC) may finally supplant gold as the primary store of value. When comparing the ROI of BTC to nearly any other asset over time, it becomes clear that nothing compares. While BTC has experienced extreme volatility, similar to gold's 65% declines, the key difference lies in BTC's ability to reach new all-time highs within a maximum of five years, whereas gold often takes decades to recover. As BTC's market capitalization grows, its price fluctuations should become less severe, and with banks now permitted to hold cryptocurrency, the landscape could become quite intriguing. https://www.tradingview.com/x/jwwiEEWP/ https://www.tradingview.com/x/PDn7KN3x/ https://www.tradingview.com/x/ko6vu9Il/ Historically, gold appears to breakout from cup and handle patterns, potentially leading to 65-70% rallies, as indicated in my 3 charts above, suggesting a peak price of around $2800 per ounce. I advise caution, as I believe the digital revolution (Crypto, AI, Quantum Computing) may dampen this surge, and we could be nearing if not already the peak, possibly signalling the end of gold cycles. In my experience with gold cycles, I've observed that when non-investors urge me to buy gold, proclaiming unrealistic future values and a return to the gold standard, it often precedes a downturn. Notably, many people I know currently view gold as the best investment and store of value, likely due to the prevailing narrative and the recent inversion of the yield curve, prompting a rush toward gold in anticipation of a market correction. If gold is to breach $2,800-3000 area, I believe significant corrections in major indexes and crypto markets are necessary. Given that Donald Trump frequently boasted about the financial markets during his last presidency, even amidst unprecedented trade wars, I find it unlikely that conditions will worsen significantly. Furthermore, the recent removal of SAB122 allows banks to hold crypto, potentially serving as a substantial catalyst for upward price movement and draining liquidity from other financial markets. Also worth mentioning is that in the main chart you can see that if you draw fib retracement from the bottom of last run to the top you'll see that our 1.618 sits around 3k. if you draw from the bottom of the last handle you'll notice the 1.618 sits around 2700 which we've now slightly over extended. i would say there is plenty of upward resistance with nothing on the downside until around 2k. Nonetheless, I view gold as a highly risky investment; once it declines, it takes an exceptionally long time to recover. I would prefer to invest in the S&P 500, especially if employing a DCA strategy, as it serves as a far superior store of value. Even after a major correction, the S&P typically regains its all-time highs within just a few years. For the average investor who isn't actively trading, I don't believe gold is a sound investment for this reason. I encourage you to compare the charts of gold and the S&P over the past 50 years and calculate your ROI if you had invested $10,000 annually in each; you'd likely find yourself significantly wealthier with the S&P 500. I have heard many rumours of countries such as USA and china going back to a gold standard but IMO the world always tends to move forward and i think gold is going to be left behind the the wake of crypto. GLTA
entry: current price take: 1.05860 stop loss: 1.04100 Breakout of the key horizontal level 1.0460 confirmed. Additionally, a clear breakout of a falling wedge provides a strong bullish signal. A second confirmation comes from the breakout of a key resistance, reinforcing the bullish bias. LONG? ✅Like and subscribe to never miss a new idea!✅
1/24/25 :: VROCKSTAR :: OTC:OSOL Buying 10% premium sub $9 - i'm showing you this chart (you can copy this into your trading view) because it's the way to know if you're overpaying for closed end funds... step 1: go to website and figure out how many units of said asset you get per share https://ospreyfunds.io/products/osol/ step 2: create TV formula to show you the premium/ discount. i do this for all the names i follow... OTC:GDLC , AMEX:GBTC (back in the day), OTC:BITW , OTC:OBTC (which is pure BTC and trades 10% discount today and picked up a pile of that)... and this one too. on a day like today after we've see solana make it's "winning" move vs. ETH (for the time being), as the selected L1 winner of this cycle (ex-BTC of course)... you go "what's up this thing has had an awful run". a lot of folks don't know what they own *lol* if you follow me, you know i bash the clownheaded nature of salad robots, space lasers, quantum dreams and nuclear summer... and a lot of this degen room temp IQ stuff unfortunately loses a lot of money chasing tickers they don't do 5' of research on. so the NPC will look at a chart like this and say it's a scam/ fraud you name it. but what's really happened is a bunch of people have smashed mkt sell into a fairly illiquid ticker (only 50mm AUM) and you go back to fair value. w the the Solana ETF nearly inevitable at some pt this year, you'd ask "why overpay 10% here for this". my friends, if/when that event, Sol will be ripping so much higher and so 10% premium for pure play access to SOL is kind of obvious. does SOL go lower first, w/ BTC lower? if/so yes. do i have a crystal ball? i do. /sarc. so go slow, just put it on your watchlist. but if u like the setup, look to make a move eventually on something like this. GL V
What’s up, dear TV community ?, today we’re taking another look at Solana SOLUSD ?. SOL has performed very well and followed my count PERFECTLY... let’s see if it continues to do so in the future ?. Please read the DISCLAIMER at the end of this idea! According to my current count, Solana is in Wave 2 of the larger Wave 3 (yellow). It’s been a while since my last analysis, but even back then, I expected an upward move – and that’s still my expectation now. In Wave 2, we currently see an ABCDE pattern, which we should complete soon to continue with Wave 3. For those who are less familiar with the Elliott Wave Theory (EW): we are likely forming the end of a bull flag and could soon take off ?. The rest can be easily analyzed directly on the chart ?. Solana is on fire ???. Let’s hope this scenario holds and the price gains a few more percent... ? If you like this idea, leave a ? and subscribe ?. Wishing you successful trades, and see you next time. ? Best regards, Rara es DISCLAIMER: The above statements reflect a trading idea and are neither investment advice nor trading recommendations! All information is provided without guarantee or liability!
The last BEARISH move after a impulsibe wave uptrend is OF The last BEARISH move after a impulsibe wave uptrend is OF
The orange 30 min candle was possibly indicating a reversal, which is what the price did, so we were stopped out with a small loss...However, the downward correction might not be over!
According to the previous analysis, the price of Euro-Dollar increased. Now, after the price correction, I am looking for a buy position again....... The analysis is quite clear. OANDA:EURUSD
Technically: GBPAUD break accumulation box. GBPAUD printing bullish divergence.