Today we primarily look at the price action in cryptos and precious metals — silver, gold, palladium, and platinum. In this video update we try to evaluate whether cryptos could cause the precious metals to reach certain key price points. Since all markets are highly interconnected, we need to carefully consider the causalities among them.
Articles by TacticalTrader
It seems that after nearly completing its massive head and shoulders pattern, Bitcoin is now on the verge of a dramatic move lower. We are nowhere near capitulation as the prevailing sentiment in the crypto community is still that higher all-time highs are imminent. To change this persuasion, the price needs to move much lower. However, currently the price is at its last major support area… and traders should watch it very carefully.
Bitcoin seems to be completing its massive head and shoulders pattern. Our initial short position is well in the money and so we have decided to add to our short position at a key level because we expect Bitcoin to keep moving much lower in the near future. Our initial target is a retest of the high made during the previous Bitcoin mania in 2017.
In today’s video update we look at a couple of charts and ratios that will give us a better understanding of where might Bitcoin bottom out in its current bear market. Many Bitcoin investors and speculators seem to be quite complacent regarding this down move. We believe that they should definitely take the time to watch our video update as it will shed some light on where Bitcoin is headed. We don’t care where the price is headed… we just want to be on the correct side of the trade.
After shorting Bitcoin, we have also decided to go short Ethereum. Our order got filled and we are already looking at some healthy profits. In this video update we revisit some of the trades we’ve announced in last week’s market commentary. Today, we dive deeper into the logic of our trading system and why we believe that our trades will play out very favorably in the near future.
It seems that many markets are in the final stages of their respective topping patterns. In this video we look at some of them and try to analyze what’s coming next. We focus on the metals, especially Palladium and Silver, as well as on the broader stock markets and, finally, on cryptos. There are a lot of good opportunities coming up that our followers might be interested in.
In this video update Steve and I cover a lot of ground. We discuss the limits of growth in which our industrial civilization finds itself. And we show footage of the impact our world running on massive machines has on the environment. The conclusions we draw from all this might be eye-opening to some of our followers.
It seems that Bitcoin is finally ready for its inevitable and major correction. How far can it fall? How fast can it reach its price bottom? In this video update, we look at some charts and try to predict what’s going to happen to the crypto market in the following couple of months.
In today’s video update we focus on our expected gold and silver price movements ahead. We believe that we will see massive opportunities occur in the precious metals markets in the foreseeable future. We are also looking at the mining companies that might provide us with leverage in the future.
In light of all the facts presented in this report, it’s not difficult to understand why we warn people not to rely on cryptos as a form of digital gold. Cryptos are not a substitute for real money which is gold. For now, however, marketing hype has captured the imagination of the public.