2512 replies to this topic

[JGUITARSLIM]

biden to raise capital gains tax to43.4%
dharma

Geez
... aimed at helping U.S. workers learn new skills, expand subsidies for child care and make community college tuition free for all.

[K Wave]

looks like the news was enough to keep the bulls in check today, but not inflict any real serious damage...

 

tomorrow may be decision day....

[K Wave]

Methinks big short term decision just about to be made tonight on Silver.....

 

Which way? Out the top, or yet another throwover???

 

 

2 Hour potential throwover....

 

Edited by K Wave, 22 April 2021 - 05:48 PM.

[senorBS]

 

 

Bearish count,  (not saying I agree with this but thought it worth sharing)  https://www.tradingv...structure-down/

 

Yeah Russ, this is the five wave down count I was referring to with wave 4 invalidation at ~1801 in GC futures.  

 

So IF minor wave 4 invalidates next logical extension is ~1857.  (1.618)

 

that fits Paseventos target of 1500. now my favorite.

 

I am not doin much, the bear counts are valid however bulls for now get the edge IMO, but that can change quickly, gen mkt looks very vulnerable, we see

 

Senor

[senorBS]

with this new $50 Billion or so CRYPTO offering today and new Bitcoin highs (5th wave?) will be interesting to see of some type of high gets made, we see

 

Senor

Little over a week later and Bitcoin down testing area of key support at 50500 intraday today, if that support cracks then 45000 area could be reached rapidly, looks done and COIN after its offering made new lows today. if overall mkt cracks hard and I mean "hard", gotta wonder if gold/miners get dragged down again? I am pretty much out and watching

 

Senor

[dougie]

sell in May and go away?

[senorBS]

 

with this new $50 Billion or so CRYPTO offering today and new Bitcoin highs (5th wave?) will be interesting to see of some type of high gets made, we see

 

Senor

Little over a week later and Bitcoin down testing area of key support at 50500 intraday today, if that support cracks then 45000 area could be reached rapidly, looks done and COIN after its offering made new lows today. if overall mkt cracks hard and I mean "hard", gotta wonder if gold/miners get dragged down again? I am pretty much out and watching

 

Senor

 

if parabolic is done then 30000 eventually looks very likely, often parabolic blowoffs lead to eventual 80% or more declines, that would take Bitcoin ballpark to 13000 area - this is NOT a forecast! If it does decline as I think it could I will look to be a buyer somewhere down there.

 

Senor

[senorBS]

sell in May and go away?

unless corrections have been outlawed yeah maybe but who knows?

 

Senor

[K Wave]

Late to party XRP cut in half...

 

Created as a joke DogeCoin down by 2/3rds....

[Russ]

 

 

Bearish count,  (not saying I agree with this but thought it worth sharing)  https://www.tradingv...structure-down/

 

Yeah Russ, this is the five wave down count I was referring to with wave 4 invalidation at ~1801 in GC futures.  

 

So IF minor wave 4 invalidates next logical extension is ~1857.  (1.618)

 

that fits Paseventos target of 1500. now my favorite.

 

Wow, that is way down there, a test of the 2020 crash low, I don't understand what would drive it that low and it would seem like it would be hard for the bull market in gold to resume if it did that. I did have a trend for a low in June which I discounted because of the double bottom and rally as well as what Eric Hadik wrote about the final gold rally into June which I found hard to believe given Marty Armstrong's prediction for 3-5000 gold by 2024.