Bull channel intact…

GLD Weekly Decision Point

Happy Father’s Day

from Rambus

Bitcoin chart on TradingView looks like Gold since 1970.

Hi everyone, a long time since I posted but this caught my eye.

Here is someone’s optimistic Bitcoin BTCUSD chart with huge targets that I just saw linked from TradingView’s front page that seems to be about 75% all about Bitcoin trading. It should open in a new tab from this link:

Anyway, I will re-post it here with annotations. It looks similar to the gold chart since 1970, with both charts now at coincidental points, more or less.

I love this kind of thing.

Interestingly, the next upside BTC target this person had was $115,000. That would be about a $2 trillion market cap for Bitcoin, which is realistic if it gets market penetration, unlike the extravagant claims of $500k or$ 1m that come from some, the latter of which would need $18-20 trillion to make its way in to BTC. Is that likely? Has anyone who has lost their Bitcoins for any reason whatsoever ever got any redress in a court of law? (I actually don’t know the answer to that question.)

Anyway, I just liked the chart and its cute similarity to gold as of RIGHT NOW THIS MINUTE.

GPX Weekly…

Been told long term divergences are not worthy…about to find out ..

Gold Cup



Just a heads up on Nexgen. Supported at the 61.8% corrective pullback following large degree impulse.

First target $6.

To Answer Jim’s Question

We appear to be in wave 5 of an impulse, the question is degree. In the bull case this is the end of wave 1 of C and the target for the completion of C is 1600 (minimum). In the bear case a larger degree impulse series is completing red C.  I would not expect this move to exceed 1380 before a reaction in either case. The type of reaction should determine which pattern is correct. A break of the blue C-E support line and 1270 pivot puts me bearish overall. A corrective decline is potentially a good long entry set up with a stop below 1270.

Should we blow through 1380 now and take out red A then I would say the bear case is shot and C is extending and will ultimately exceed 1600.

1380 was always the Gann objective as you can see in the third chart which I published in August last year. We are retesting the green trend line and double arc resistance now almost a year later. Note that the next arc resistance is about 1600 if we clear resistance




Ronnie on the” big C”

Gold $1800

In Canada Eh ?

Highest close since 2011