AN EMOTIONAL INDICATOR SHOWS AN UPTREND

Bitcoin Still Strong Going Forward

Like Gold, Bitcoin too is an emotional market.

The current strengthening of Bitcoin is a little bit out of phase with our earlier analyzed markets and a bit harder to 'read' I think.

Because Bitcoin is a populist product and taps deeply into the psyche of it's holder's feelings, my read would be that the continuing of the rising trend in prices can be attributed to 'uncertainty' in the future and in the Election coming up particularly.

Watch for prices breaking below the $10,000 level on a Weekly basis to confirm a reversal of this current upwards price trend.

Again, this is an educational exercise and my personal opinion only. An educational process I've been engaged in for over half-a-century now. Although I'm pretty sure of my analysis, I do not advise and am not an advisor. Read our Disclaimer to that effect.

But, for those interested, I'll continue to evaluate a few more markets in the days to come just to get a better 'feel' for the actual trends versus the perceived trends in some of the more popular markets.

Learn How to Look Forward into the Future

The above chart for BITCOIN is a Weekly Price Chart.

As we stated in our previous post, this longer time scale allows us to sift out price momentum whether up or down more efficiently.

The current Uptrend in  BITCOIN that we're detecting is, as stated above, probably more an indication of caution and uncertainty at this time. If trends continue upwards post election, then, this would likely confirm an even stronger drive upwards in price is in the works.

Trends are powerful things and, the ability to get on board a rising or falling trend is where the big returns are historically. We have the tools and educational materials that will instruct you on how to detect these potentially profitable points in time early.

Our Proprietary half-century of research is now available to a few private clients.

You can gain access to our Excellent Trading Courses or our Master Course Collection today.

Allow yourself to discover our excellent trading methods and techniques that are truly unique and World Class. If these are what you're looking for, please feel free to inquire about our special Gift Donation Access Program for any of these powerful courses as well. - George

Contact me at the e-mail address below and get started today. - George

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ANOTHER EMOTIONAL INDICATOR SHOWS A DOWNTREND

GOLD Prices are Currently Weakening

Gold is an emotional metal.

The current weakening state of GOLD is giving a hint of how the US Election is going to turn out.

This is another case of the markets, when read carefully, giving a glimpse of the future outcome of events-yet-to-come.

Watch for prices breaking below the $1840 level to confirm an acceleration of this weakening Gold price trend.

Again, this is an educational exercise and my personal opinion only. An educational process I've been engaged in for over half-a-century now. Although I'm pretty sure of my analysis, I do not advise and am not an advisor. Read our Disclaimer to that effect.

But, for those interested, this is my current view of the major markets for the period extending over the next few weeks remaining before the US Election takes place.

Learn How to Look Forward into the Future

The above chart for GOLD is a Weekly Price Chart.

As we stated in our previous post, this longer time scale allows us to sift out price momentum whether up or down more efficiently.

The current downtrend in GOLD that we're detecting goes along with our observation and expectation for a strengthening of the US DOLLAR and the US STOCK MARKET and a corresponding drop in the dollar's competitor, the EURO.

Trends are powerful things and, the ability to get on board a rising or falling trend is where the big returns are historically. We have the tools and educational materials that will instruct you on how to detect these potentially profitable points in time early.

Our Proprietary half-century of research is now available to a few private clients.

You can gain access to our Excellent Trading Courses or our Master Course Collection today.

If these 3 analyses crystallize, it will point to a stronger US Economy and will have a positive effect on the Global Economy in return. Let's root for this result for all our sakes.

Allow yourself to discover our excellent trading methods and techniques that are truly unique and World Class. If these are what you're looking for, please feel free to inquire about our special Gift Donation Access Program for any of these powerful courses as well. - George

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