Goldtent TA Paradise

October 26th 2020, Crypto Chartbook: Break it down and it comes together

October 22nd 2020, Bitcoin – Strong Performance

October 23rd 2020, Silver Chartbook – Silver, shine on me

October 22nd 2020, Silver – Tough sideways thrust

From yesterday morning when Gold was bouncing nicely at the open. Late in it’s longer Intermediate Cycle, when gold is still Bearish, its shorter-term Trading or Daily Cycles top early on or before days 10-12.  We still have a top on Day 12 and yesterday was just a retest in my Cycle book (GLD made a slightly higher high but Gold did not). Of the market sectors I am watching, only Bitcoin & GBTC plus the USD have found confirmed ICLs. The USD looks weak but if the Stimulus talks fail it will be moving higher.  Enjoy! 😉

https://surfcity.co/2020/10/21/surfs-up-353/

October 19th 2020, DeFi Update – Polkadot macro structure suggests a probable reversal is ahead

October 20th 2020, Crypto Chartbook: The WHY is killing it

Here you go. Some old fashion TA work that provides an under the hood look at the longer-term potential for Crude Oil despite the lousy fundamentals. Enjoy. 😉

https://surfcity.co/2020/10/14/crude-oil-long-term-outlook/

BTW, I still post TA on this site from time to time and I also can’t wait for the US Election to be over so that GoldTent it can hopefully return to its TA roots… With 330 million American’s, I find it very sad that these two clowns are the best we have to offer… I have children who I have raised to show respect for others, along with the other seven virtues including; charity, diligence, patience, kindness, and humility.

I am a lifelong Republican who has gone sour on Trump as I find him to be a very poor role model for the young people of this nation (see Dante’s 7 deadly sins). The attached Fox News link shows that there are very likely a number of Republican Senators & Congressmen who don’t buy into all the bombast, conspiracy theories, etc.

Let’s see how long this post stays up…

https://www.foxnews.com/politics/sen-ben-sasse-unloads-on-trump-in-call-with-constituents

Our country has been fractured by divisiveness on both sides of the isle and I long for the days of civility in our speech and in our actions.

Is on the move. Does anyone remember this Rock? I took some profits yesterday.

https://surfcity.co

October 15th 2020, Cryptoassets Update

October 15th 2020, Silver Chartbook – Tried and true

October 13th 2020, Crypto Chartbook: Extremes versus optimization

October 9th 2020, Silver Chartbook – An error does not become a mistake until you refuse to correct it

October 6th 2020, Crypto Chartbook: Bitcoin – Tick Tack Wake Up

The latest news on the European Union’s plans for a Digital Euro which shows that Crypto’s are here to stay. I have always felt that Crypto’s were the brainchild of Central Banks as they are a Banker’s wet dream.

It is very hard, if not impossible, to counterfeit or to have a bank run when there is no cash that can be removed to put under your mattress…

https://apnews.com/article/europe-christine-lagarde-166bf4ce8b02abb5ce91faa678ea338a

Added: A long term XRP chart side by side Bitcoin for those who have an interest.

Also, here is my Weekend update on Bitcoin & GBTC. Enjoy! 😉

https://surfcity.co/2020/10/03/bitcoin-gbtc-weekend-update-71/

October 2nd, 2020: Gold – Short-Term Recovery But The Correction Is Not Over Yet

October 1st 2020, Silver Chartbook – How to weather the storm?

While many sectors are chopping today, here is an update on the Marijuana sector that shows how I use both Cycles and Weinstein Stage Analysis in my work along with classic Technical Analysis. The update clearly shows that using Cycles, Canopy (CGC) and the broader sector are now moving into the next 5-6 month Intermediate Cycle Low (ICL). Longer-term this sector is clearly in a Bear market based on Weinstein Stage Analysis.

https://surfcity.co/2020/09/25/marijuana-sector-update-3/

September 24th 2020, Silver Chartbook – The ultimate question and its answer

Every TA methodology, except Cycles, focuses exclusively on Price action, including Elliott Wave. Standard TA with Cycles is the only approach that combines Time with Price to catch market lows, help set stop levels, and even find market highs…

Can it help with identifying market tops? You be the judge!

Here is my Sept 6th Weekend update from 2 and a half weeks ago. No guarantees with markets but was I wrong?

https://surfcity.co/2020/09/06/gold-the-weekend-update/

Due to the long almost 2 month sideways chop, the Daily Bollinger Bands were very tight on Gold, Silver and GDX, signaling to me that a big move was likely coming. Based on my Time & Price models, I had been telling my subs the move was very likely lower and to be patient as nothing on the charts pointed to an Intermediate Cycle Low (ICL) forming until this week. Gold was also forming a Descending Triangle pattern which is usually a Bearish topping pattern (see second link).

Here is a link to yesterday’s Surf’s Wrap.

https://surfcity.co/2020/09/22/surfs-wrap-156/

https://www.investopedia.com/terms/d/descendingtriangle.asp

For my subs from last Friday. Several markets, including Gold & PMs, are moving into their next 5-6 month Intermediate Cycle lows (ICLs). More details on my downside targets can be found in my Weekend Update.

https://surfcity.co/2020/09/18/surfs-up-340/

September 17th 2020, Silver Chartbook – Embrace the pressure

September 11th 2020, Silver Chartbook – Three sides to each coin

Here is yesterday’s Market Wrap up. I am looking forward to another great buying opportunity.

https://surfcity.co/2020/09/03/surfs-wrap-151/

August 26th, 2020: Gold – Technical Update Regarding Buy Low

Based on the Price action I am seeing in Gold & PMs with respect to Time, I have Gold and the PM complex moving into a longer-term 5-6 month Intermediate Cycle Low (ICL). I am expecting the ICL to form in late September to early October where I am looking for another outstanding buying opportunity.

I exited my last long positions last Wednesday, August 19th. Here is a post that I made last Thursday on August 20th for my subscribers.

https://surfcity.co/2020/08/20/volume-before-price-2/

August 13th 2020, Silver Chartbook – Silver – A lifetime opportunity, Now!