Cup and Handle Breakout by 2025?: Bitcoin, Gold and Silver Ready
Through meticulous analysis, the three charts displayed side by side present a captivating comparison between silver (
SILVER XAGUSD), gold (
GOLD XAUUSD), and Bitcoin (
BLX BTCUSD). Spanning from the 1970s to the present day, these charts provide a comprehensive view of the remarkable journeys undertaken by these assets.
The first two charts depict the price movements of silver and gold over the course of five decades, while the third chart illustrates the relatively short but remarkable trajectory of Bitcoin since its inception in 2010. What immediately catches the eye is the astonishing pace at which Bitcoin has achieved in just 13 years, what took silver and gold a staggering 53 years to accomplish.
However, the most striking aspect that commands attention is the unmistakable presence of a colossal "cup and handle" pattern, poised to complete its formation within the next two to four years. This pattern has been dissected into five distinct phases, revealing intriguing similarities across all three commodities.
1/ The initial phase witnessed a rapid surge in prices for all three assets, setting the stage for what was to come.
2/This was followed by a minor correction before another sharp increase in price.
3/ Subsequently, a prolonged period of slow and gradual correction ensued, testing the patience of investors.
4/ However, this was eventually followed by a steady bull phase, characterized by sustained upward momentum.
5/ As the cycle neared completion, another corrective phase emerged, followed by a steady rise once again. (Note: This phase is marked by a smaller cup and handle forming within the larger cup and handle, with completion at around the same time).
The question that naturally arises is: what lies ahead? Will there be a breakout to the upside after the completion of the cup and handle formation, expected to materialize within the next two to three years? The simultaneous indication of such a breakout across all three commodities is undeniably intriguing and warrants further exploration.
Furthermore, as we examine the intriguing cup and handle formations across silver, gold, and Bitcoin, it is crucial to take into account the profound shifts occurring in the global economic landscape. The traditional dominance of the petrodollar is facing significant challenges, with emerging trends indicating a potential end to its reign. BRICS nations, for instance, are increasingly engaging in domestic currency transactions, bypassing the need for the U.S. dollar as a medium of exchange.
The advent of Central Bank Digital Currencies (CBDCs) across numerous nations have introduced a new dimension to the evolving financial ecosystem. As these digital currencies gain traction, they have the potential to reshape the dynamics of international trade and cross-border transactions. This transition towards CBDCs further underscores the changing paradigm of global finance.
However, it is important to acknowledge the mounting tensions and conflicts that permeate the geopolitical arena. Wars, both physical and cyber, as well as potential hacking scandals between nations, have the capacity to disrupt and fracture the fabric of the current economic climate. These events have the potential to cause significant fluctuations in financial markets, including the prices of silver, gold, and Bitcoin.
When analyzing the broader financial and economic landscape, it is essential to consider the interplay between political developments, economic policies, technological advancements, and market dynamics. Geopolitical shifts and power realignments among nations can have far-reaching implications for asset valuations and investor sentiment.
In conclusion, as we explore the cup and handle formations in silver, gold, and Bitcoin, we must recognize the wider context of global transformations. The potential demise of the petrodollar, the growing influence of domestic currency transactions among BRICS nations, the rise of CBDCs, and the geopolitical tensions reshaping the world order are all factors that can significantly impact the future trajectory of these commodities. It is within this intricate interplay of forces that we seek to discern the catalysts that will drive potential breakouts and subsequent price movements. As the global economic landscape continues to evolve, adaptability and astute analysis remain essential for navigating the uncertainties and seizing opportunities in the ever-changing financial markets.
Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution
SILVER XAGUSD), gold (GOLD XAUUSD), and Bitcoin (BLX BTCUSD). Spanning from the 1970s to the present day, these charts provide a comprehensive view of the remarkable journeys undertaken by these assets.The first two charts depict the price movements of silver and gold over the course of five decades, while the third chart illustrates the relatively short but remarkable trajectory of Bitcoin since its inception in 2010. What immediately catches the eye is the astonishing pace at which Bitcoin has achieved in just 13 years, what took silver and gold a staggering 53 years to accomplish.
However, the most striking aspect that commands attention is the unmistakable presence of a colossal "cup and handle" pattern, poised to complete its formation within the next two to four years. This pattern has been dissected into five distinct phases, revealing intriguing similarities across all three commodities.
1/ The initial phase witnessed a rapid surge in prices for all three assets, setting the stage for what was to come.
2/This was followed by a minor correction before another sharp increase in price.
3/ Subsequently, a prolonged period of slow and gradual correction ensued, testing the patience of investors.
4/ However, this was eventually followed by a steady bull phase, characterized by sustained upward momentum.
5/ As the cycle neared completion, another corrective phase emerged, followed by a steady rise once again. (Note: This phase is marked by a smaller cup and handle forming within the larger cup and handle, with completion at around the same time).
The question that naturally arises is: what lies ahead? Will there be a breakout to the upside after the completion of the cup and handle formation, expected to materialize within the next two to three years? The simultaneous indication of such a breakout across all three commodities is undeniably intriguing and warrants further exploration.
Furthermore, as we examine the intriguing cup and handle formations across silver, gold, and Bitcoin, it is crucial to take into account the profound shifts occurring in the global economic landscape. The traditional dominance of the petrodollar is facing significant challenges, with emerging trends indicating a potential end to its reign. BRICS nations, for instance, are increasingly engaging in domestic currency transactions, bypassing the need for the U.S. dollar as a medium of exchange.
The advent of Central Bank Digital Currencies (CBDCs) across numerous nations have introduced a new dimension to the evolving financial ecosystem. As these digital currencies gain traction, they have the potential to reshape the dynamics of international trade and cross-border transactions. This transition towards CBDCs further underscores the changing paradigm of global finance.
However, it is important to acknowledge the mounting tensions and conflicts that permeate the geopolitical arena. Wars, both physical and cyber, as well as potential hacking scandals between nations, have the capacity to disrupt and fracture the fabric of the current economic climate. These events have the potential to cause significant fluctuations in financial markets, including the prices of silver, gold, and Bitcoin.
When analyzing the broader financial and economic landscape, it is essential to consider the interplay between political developments, economic policies, technological advancements, and market dynamics. Geopolitical shifts and power realignments among nations can have far-reaching implications for asset valuations and investor sentiment.
In conclusion, as we explore the cup and handle formations in silver, gold, and Bitcoin, we must recognize the wider context of global transformations. The potential demise of the petrodollar, the growing influence of domestic currency transactions among BRICS nations, the rise of CBDCs, and the geopolitical tensions reshaping the world order are all factors that can significantly impact the future trajectory of these commodities. It is within this intricate interplay of forces that we seek to discern the catalysts that will drive potential breakouts and subsequent price movements. As the global economic landscape continues to evolve, adaptability and astute analysis remain essential for navigating the uncertainties and seizing opportunities in the ever-changing financial markets.
Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.