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Tuesday, September 16, 2025

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

First off: 

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

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.  

 

 

That reminds me; I wanted to check the Google/ Alphabet. chart this morning, after I saw it leading the mag 7 yesterday! All I saw reported on it last night was that it hit a $3t market cap, as if I care... 

$GOOG  - there it is -  pumped to overbought (judging by the RSI), on a Monday morning surprise. 


 

 I don't have a dog in that hunt, but I can tell you that support can be found around the breakout point (above the previous high) - around $200, which just happens to be a nice round number target.    

It's not just $GOOG being pumped, I could point to several sectors, and sub sectors, including AI, Communication Services, and Gold Miners are similarity overbought.  

Gold Bugs  

You may have seen this chart I shared yesterday.  

 $HUI (Gold Bugs Index) is on an 8 week win streak, and on little news as to why...?   

 

Back to the charts 

 $GDX - new chart - to go along with Goldman's recent prediction. That tells me the smart money is selling, because Goldman Sachs doesn't make billions  giving away free stuff, like I do 🤣

I don't usually feel the need to explain what I'm seeing on a chart, but that one basically shows where it seems to have overshot the trend line. This is typical, as I explained in yesterday's blog.   

 


I don't usually share so many great views, but I'm a little worried about what is about to happen to unsuspecting retail investor this go-around. 

I'm also watching individual components that make up the $GDX, because dissecting ETFs into it's heavily weighted components can give you some keen insight into what's moving it, just as Google moves moving the mag7, the $QQQ, and the Nasdaq 100. 

 

Franco-Nevada Corporation ($FNV)



   

Finally: getting back to Ethereum $ETH 

After doing a little due diligence, early this morning, I was able to spot a very familiar pattern on the short term Ethereum chart, as well as the catalyst for a potential pullback. 

When I see something being driven into a short squeeze Friday, only to see investors turn around and dump it on a Monday, that is a BIG RED FLAG.  

I also found the reason why investors may have soured on Ethereum, and Grok was able to confirm my analysis of the situation.


 

 Ask @Grok, or google it for yourself. 

 

Take care, AA  

 

 

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