Coffee and a Mike Kevin Wadsworth of Northstar & Badcharts #1309
Feb 7, 2026
Kevin Wadsworth, a military meteorologist turned market analyst at Northstar/Bad Charts. He discusses Bitcoin’s technical warning signs and how low it might fall. He compares crypto valuation to gold and maps gold’s breakout and silver pullback targets. He covers portfolio allocation during precious metals bulls, hidden S&P momentum weakness, and major risks like rising yields, debt, and geopolitical disruption.
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Use Three Clear Technical Rules
- Do use simple technical rules: price above support, the 50-week MA, and the Ichimoku cloud indicates a bull market.
- If price breaks below those, step aside or acknowledge a likely bear market.
Crypto Failed Versus Gold
- Bitcoin failed to make a new high versus gold in the latest cycle, signaling broader crypto weakness.
- Crypto priced in gold is back near 2018 valuations, underscoring the relative failure of the recent bull run.
Capital Rotation Powers Precious Metals
- Capital rotation is driving moves: when the gold/SPX ratio rises it signals rotation into precious metals.
- Past rotation eras produced decade-long stock underperformance and massive gains in gold and silver.