Large multi month bearish {H&S} top setting up in bitcoin. If the neckline breaks the measured target is around $30k which incidentally is the .618 Fibonacci {Honey Hole} target from the $60k+ ATH. Its so clean it could be added to the next edition of Edwards & Magee Technical Analysis of stock trends. I hope this pattern plays out as i would love to convert more of my government fiat paper into bitcoin at much lower prices

"When an investment becomes a religion its time to loose faith."

When this year long bearish {Raising Wedge} breaks down it will be one of the best and rapid opportunities for the bears in many years. It will be worth the months of stalking in the bush like a cobra ready to strike and get this money!

GBTC Bitcoin Trust. Weekly Close. We are currently in a major {Wave 4} correction. Target for a {Wave 4} bottom would be the lower rail of the {Pitchfork} around $30 which incidentally is the .618 Fibonacci {Honey Hole} target. Gold starting to outperform bitcoin here. 

GLD Gold {Weekly Close}. Currently coiling inside a large classical {Triangle}. Very bullish over $175. Extremely beautiful price structure. Massive pressure is building here. 

DJIA All we have done over the last 48 hours is backtest the breakdown of the textbook {Ending Diagonal} 5 wave Elliott structure. If $33.6k breaks all hell will break loose and the bear market will begin. 

TSLA Weekly Chart. Savage breakdown after hammering in a 5th Wave top. As long as we stayed above the uptrend line of the "Raising Wedge" everything was great. Its now been lost though and the 5 wave Elliott structure is complete. Tesla no longer accepts Bitcoin. 

Tesla is proud to announce that we are excited to accept bitcoin as a form of payment and hold it as a pristine balance sheet asset that we consider better than gold. 6 months later into a raging crypto mania and Tesla shocks the world and will no longer accept said bitcoin as a form of payment anymore! You can't write this stuff. 

Good Job Elon! Many of your fanboys just got REKT! 

DJIA. This textbook {Ending Diagonal} 5 wave Elliott structure is playing out perfectly. Every psychological aspect of a final 5th wave top is here such a massive gambling on 5x margin and the return of a baseball card mania with the nostalgia of that 1990's mania. The bull market is on the ropes here folks.

As someone who has been very bearish for weeks this is how i am feeling today!

DJIA This would be classified as a textbook {Ending Diagonal} 5 wave Elliott structure. Very interesting. 

DEF.V Silver Stock. On the cusp of breaking out into a {Wave 3} advance which would also complete the {Cup} setup. Notice above that SLV is coiling into the apex of a large {Triangle} & is also in a textbook {Wave 3} setup. The pressure building up in silver is explosive. 

Dude in the middle bought ARKK over $120.

This might be the best gold analog chart i have ever seen. When you overlap the yellow 1970-1980 inflationary gold bull market over the green 1999-2021 gold bull the correlation is unbelievable. Chart from Mike Maloney. Protect your fiat holdings from oncoming inflation. 

Fame on Wall Street is a very short term phenomenon. I kept telling other that this fund reminded me of the E-business mutual funds from 1999. It sure is playing out the same way. 

ARKK Innovation ETF. Poster child of the 2020 pandemic mania has been in a bear market since the savage breakdown in Feb 2021 of the uptrend line from the March 2020 lows. Once $108 gives way all hell will break loose. The Wall Street sharks smell blood in the water here. Her 15 min of fame is up.

GLD Gold {Weekly Close}. Currently coiling inside a large classical {Triangle}. Very bullish over $175. Extremely beautiful price structure.

You knew Peter was going to go off after the catastrophic jobs number yesterday. What a time to be alive. 

Fantastic podcast with 2 of my favorite analysts Jim Puplava & Frank Barbara. I have listened to Jims podcast religiously since 2003. He actually wrote one of the greatest papers on silver in 2003 titled "Silver, an undervalued asset looking for a catalyst."