FOMC Day: Bitcoin’s Ride & Crypto’s Stall

 In yesterday's blog I dished out a heapin' helpin' of BIG TECH, $GDX Gold Miners, and even Crypto, so feel free to help yourself to seconds, if you haven't done so already! We covered a lot... 

Important Update on Ethereum, $GDX Gold Miners, and Google/ Alphabet

An addendum to yesterday's blog      

One thing that slipped my mind in yesterday's update is that Bitcoin continues to flirt with the 50 day moving average, and as I watched yesterday's action, it seemed like program buying was being triggered above the 50 sma. 

I didn't have much luck finding any relevant news that may have triggered a rally in Crypto, but I did notice the $USD getting hammered. If you may have any better luck finding a catalyst, than I did, then by all means, let me know! 

I also suggest you watch the $USD as Crypto tends to dance in the opposite direction... 

 A glimpse at Yesterdays wild ride       

 $BTC/ $EUR -  the chart shows Bitcoin $BTC/ $EUR whipsawing albeit in a tight range.

 

I would expect crypt markets to continue their wild ride, on today's FOMC statement, as most traders are planning to fade it.

 

Important Update on Ethereum, $GDX Gold Miners, and Google/ Alphabet

First off: 

 I called yesterday's pullback target on Ethereum, perfectly: 

Ethereum $ETH #Crypto bounces off my target 👋 pic.twitter.com/5lOGapQ0b6

— Veteran Market Timer (@3Xtraders) September 15, 2025

What I didn't share with the crypto trading community is that there is little support at that level. A breakout above a trend line, or a pattern line, doesn't carry as much weight as a breakout above key resistance, in a bull market, for instance. 

I think a lot of crypto traders are totally unaware that Ether actually topped out, back in November, 2021 (not a typo). Ethereum may have re-tested the '21 highs, but that retest is looking more like a double top than anything else.  

 

I'll bet you never hear the term retest, or double tops reported by the talking heads. They prefer terms like flirts with new highs, or "new highs!" (when reporting a retest), in order to spur animal instincts. Being the contrarian that I am, I see right through that bs.  

 

Precious Metals Miners in Focus. Also a Crypto Ethereum Update

Last week we were focused on Silver & Gold, and the incredible run precious metals have had. I hypothesized that Silver may roll over into a correction before Gold, and that it might be a good place to hedge...  see: Precious metals Gold Platinum Silver’s Wild Ride: Hedge or Trap?

One thing I forgot to mention was the Gold to Silver ratio, which points to Gold possibly going higher... but I honestly can't say gold looks like a screaming buy, based on the somewhat janky chart, seen below. 

 $Gold:$Silver (Gold priced in Silver) - I still expect Gold to out-perform silver at some point in the near future, but that may not be until some time in the Fall. 

 If you're still interested in hedging your gold position with a silver short, I don't see any reason not to.

 $ZSL (ultra short Silver). I haven't updated the chart for a while, but the washout is glaring, to anyone with a pulse; screams Fire sale!  

Just try to keep your fingers from getting burnt. More on that cautionary note in a moment.  

 

Moving on to Gold miners which have already had a scorching run 

Leveraged Gold Miners ETFs  

There are several bullish, and bearish (inverse) leveraged Gold miner ETF's in play: 

($NUGT), $DUST, $JNUG, $JDST, GDXD, & $GDXU).

 

$JNUG - this is the 2X Jr. Gold miners bull.

 

 

Miners look tired to me, like they're in dire need of a nap (pull back).

 

I'm kind of expecting the reversal to be sudden, based on certain Elliot wave counts I have working, but I would chart them all, and do a little due diligence, before betting the farm. 

 

Be forewarned: Leveraged ETFs over-shoot their respective targets all the time, and since gold and silver also overshoot, the leveraged gold miner ETF's even more-so.

 
AND THE SAME GOES FOR CRYPTO, and the associated leveraged ETF's 

 

Related: Crypto ETF News 

 

 

SEC delays BlackRock, Franklin Templeton crypto ETF decisions

 

 

Following up on the $ETH Ethereum Trade 

 This was mentioned in My August 30 blog 

Markets Dumped on Labor Day Friday. Gold rallies to all time highs, + Bitcoin Crypto 

In that blog  I alerted to what looked like a possible breakout  in Ethereum 2X bear ETF ($ETHD), but since that time we continue to see lower lows...  This is why proper money management is so important.  

 

 All markets routinely overshoot their respective targets, and this trend has continued to accelerate with the evolution of meme-trading, and the advancement of Cryptocurrencies.   

 

I crave volatility, but If volatility scares you, or you lack discipline (proper money management) then perhaps you should think about giving up trading, and taking up knitting?!   

 

Take care, AA  

Precious metals Gold Platinum Silver’s Wild Ride: Hedge or Trap?

Precious metals have been on an incredible run in 2025, with gold rising above $2,600/oz and silver hitting $42.40 this morning!  SILVER 

Silver touches 42.40 😂 pic.twitter.com/sPTfZPP5Be

— Veteran Market Timer (@3Xtraders) September 12, 2025

 The Big Reveal 

$SLV Silver ETF - Continues to retest the highs, and this morning looks like it's going to continue to break out above my upper pattern line. Don't worry about the EW count (annotations) btw 

 GOLD

Back in January, I alerted to Gold, and Gold miners, as the 

Best Performing Sector of 2025

check it if you missed it. $NUGT  If you had bought and held the 2X Gold miners ETF $NUGT since April you're up nearly 400%!  

Gold Miners 2X leveraged Bull ETF is up nearly 400% for the year $NUGT $DUST $GDX pic.twitter.com/zk8NW8w7Ce

— Veteran Market Timer (@3Xtraders) September 11, 2025

 Platinum  It seems like nobody who follows me trades platinum, but I called out that trade back in April, regardless 

Best Trade of The Quarter Better Than Gold or Silver 

 

And here I am calling the top in Platinum 

Here's a good example...: The top performing sector of the year, is one of the most easily manipulated, because it's so thinly traded, and just keep reporting "inflation" 100 times per day to help it along. Total racket #PreciousMetals #Gold #Silver #Platinum $GDX $GDCJ $NUGT… pic.twitter.com/vQG3DMgRlf

— Veteran Market Timer (@3Xtraders) August 27, 2025

 

Did you pick up on my bearish tone...? 😅

 

 Getting back to Silver. I tried calling the top on Silver earlier in the year, and even sold my small hoard 

At that time I didn't realize that there has been a broad based rush into hard assets, ever since geopolitical tensions started spilling over in the Mideast.Trump tariff, and Trump challenging Powell on Interest rates policy may have helped lift silver, but see silver as, "poor man's gold". Let's be real—silver investors aren’t the sharpest tools in the shed, and the biggest investors in Silver and China, Russia, and India. India's market has been getting crushed, and money has to go somewhere, I guess.I've heard CNBC Fast Money traders say, “Real men don’t trade silver,” but I think it looks like a good hedge against any potential downside in the Gold trade.  If you're more intent on selling Silver just for the fun of it, there's even a 2X Silver bear ETF, but I'm afraid you'll have to chart that yourself. Come to think of it, you could hedge the $GDX with a Silver miners short.  A word of warning; take extra care when trading commodities, AA