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RE: Bitcoin: Walking the downtrend
Second thought...
Haejin had a bazaar post today calling for gold in USD to hit $600 soon and perhaps as low as $286. This has to be nonsense. I follow some of the best resource investors in the entire world and have an expensive newsletter from Rick Rule, a US billionaire who made his entire wealth though gold and other resource investments over the past 40 years. Sentiment in gold is terrible. The market doesn't correct when sentiment is terrible. It does the opposite. The resource billionaires are making continued big investments right now including gold. Can you do a post on Gold and where you see it going next? Heijin says its in a very extended 5th wave. Do you agree?
Thank you kindly!
Here you have a quick gold's chart!
Agree, big accumulation is going on
I haven't looked at an accumulation chart before. So when the curve crosses below 30 it means there is big accumulation or the opposite? Sorry for my ignorance.
Thank you for the charting!