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Elliott Wave, Cycle and Sentiment Analysis: Bitcoin Might Be Just Halfway Into Its Correction

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Bitcoin is reversing down from the October highs, and it’s pretty interesting that we’re seeing such a deep retracement so far, already more than 30%, despite the fact that the Fed has been cutting rates for the last few months and now even the bets for a December cut are increasing again. What’s important to understand is that cryptocurrencies are very sensitive to risk-on and risk-off flows, and we’ve seen quite a deep retracement on stocks as well, but what concerns me the most is that even during the days when stocks turned positive, Bitcoin was still seen trading lower. So I wanted to zoom out and check where Bitcoin could really be headed. Read more

Gold: The Rise and Fall

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Chart of gold price history from 1999 to 2024 with clearly marked trend lines and support/resistance levels.

Gold, an ancient asset with millennia-long human fascination, demonstrates substantial price fluctuations and distinct growth and correction cycles. A thorough technical analysis of gold’s price history reveals crucial support and resistance levels, forming the backbone of its trend patterns. From its lows in 1999 to its fresh highs in 2024, gold’s price journey offers investors insights into its cyclical nature and potential future moves.

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