π― Ethereum heading down towards $2180
exactly as I've been writing for several days
so many accounts with huge following were promising you an immediate bull run
now you know which ones you can mute π
FYI the new BRICS banknote that has been circulating on social media today is NOT real
it's merely symbolic - NOT legal tender
before a joint currency, there will still be more bilateral trade in local currencies
unless those notes were to tokenize gold
π― Ethereum fell below $2500
first part of my thesis has already played out - a retracement instead of a breakout
weekly candles show constant rejection
now await for what comes next β°
everybody has been so focused on oil price, that they largely ignored the decrease in US bond yields across the curve
this trend has been consistent throughout the month
interpretation π§ :
short-term sign of run to safety, specially when combined with gold price
π’οΈ Crude oil back above $72 per barrel
Just as I wrote yesterday
Oil & Gold back on the rise
Just as I wrote earlier today
aaand crude oil futures are back above $70
BTW I soon realized this wasn't an actual ATH for gold yet - but it is coming
The historical chart is showing closing prices, not maximum
So I inadvertently compared current price with closing historical price
Good news - more time for you to accumulate gold before new ATH π
πΎβ° Just like with my post about the price of gold a few months ago - feel free to save & set a reminder for this one
The prediction will be correct once again
Shekel is headed down - to sub 4βͺ/β¬
Inflation will be a huge problem soon as well
There's always gold π€·ββοΈ
'The market is never wrong'
A lot of big accounts posting about how the market knows everything & prices accordingly - even before the official news
Okay.
Now wait & watch crude oil & gold raise up even more in price very soon
This isn't a joke
While Ethereum has built a strong-ish support in the current area, it currently looks more likely to fall towards the β$2180 monthly support
Do not underestimate what the new all time highs in gold are telling you
Falling US Dollar index played out exactly as expected
2 months later and it's down another full point
Interestingly, the yields on US bonds are up across the yield curve - for both, short & long-term maturities
The market - understandably - associated gold, rather than government debt with safety
π€― Gold may just go straight to $3500 in the next few hours
Look at this 15-minute timeframe momentum β¬οΈ
ππ NEW Gold ATH is in - $3440 per oz
I've been warning about this for a while
You had a little over a month since my original post to load up
I hope you used the earlier advice to prepare for a new gold ATH
The turn around the corner has begun
As expected - 3 months was all that crude oil needed to spike back up
Other commodities like gold, silver & others are up since as well
While Gold & Oil are up, Ethereum and Bitcoin are down
As expected. A practical reminder that BTC, ETH & altcoins are NOT reserve assets
I am big believer in crypto & DeFi - but it's important to remain rational, even if you are entertained
π Are you ready?
New all time high for gold is just around the corner
And there will already be a strong resistance in the β$3300 area, due to the recent accumulation
Low(er) interest rates + high(er) CPI will then push it up even further
Risk-free rate returns with quant trading strategies may be fairly easy to achieve even with parameter-optimized Bollinger Bands
Not surprising, but unless the return can beat the mid/long-term bond yields - it's also not very useful π
Unless⦠leverage, of course
The Ruble thesis remains valid
Up β13% on the USD in the past quarter