Bitcoin is AAPL's speculative cousin, the exuberantly irrational side of the bull market. It, too, appears to be in a topping pattern, which I've sketched speculatively as head-and-shoulders formation.
Intermediate decline in progress. I would even suggest that we are in the bloodbath phase, this is when you see selling panic hit from the traders. Perma-bears will come out and start making incorrect calls.
I think we need to talk about gold $1,900 right now, not at all about $2,500 here. Gold is right at resistance (Bollinger Bands). Gold reacting to the Ukraine situation as well..
I am pretty confident that we are about to break the manipulation. Virtually every commodity has been going nuts to the upside up since March of last year, what possible reason has gold been stuck..
Trader sentiment for crude oil and energies overall is very bullish with almost everyone targeting $120+ (Nymex) in third quarter. China is closed unofficially from 27th January to 4th February.
