Bitcoin Could Rip To $136K, Gold To $4,100, But What Happens After? | Chris Vermeulen

Summary

Chris Vermeulen of The Technical Traders tells David Lin that the S&P 500 is still in an uptrend but is near a short-term pause or correction point after a powerful rally. He remains most bullish on gold, sees Bitcoin potentially reaching $136,000, warns that long bonds and platinum are unattractive, and expects a 2007-style risk of a major future stock-market decline that requires a protective plan.

• Chris says the S&P 500 has rallied to all-time highs and he is still long, but short-term sentiment signals warn of a pause or pullback.
• He closed out a NASDAQ long after a 15% target and sees correction or noise risk.
• He is most bullish on gold, targeting roughly $4,000-$4,100/oz, and prefers it to silver.
• Bitcoin has a bullish chart pattern pointing to about $136,000, though it remains tied to the NASDAQ.
• He avoids long-term Treasuries and TLT because rates and yields point higher and bonds are in a downtrend.
• He warns platinum's running correction is dangerous and would wait for a reset before buying.
• He sees a longer-term 2007-style analog with a possible major stock-market decline and urges proactive risk management.
• He dismisses fundamentals and earnings for his process and favors active risk-managed asset rotation over buy-and-hold.