Gold looks like a good investment as stored value. When BTC goes in a bear market we will se a tremendous rise in gold prices. I dont when BTC goes to a bear market, but when it hits 100K we definitely will se a fall in price acting.
RSI around 34 and it goes up, when BTC goes up agian. Fib 0.5 is a good entry level.
RSI around 40 is an good indicator before it goes up, It need som more timen to prepare for pullback.
Actually is it going faster than the parabolic curve predicts. BTC is going to break the ATH today or before friday !!! Pls comment ;)
Bitcoin is bullish as seen on the graph.We must see a pullback before going to higher leves. 25-30 % drops are normal, and will be seen next week.
DXY may go under lowest keylevel (91,78 dollars) when the stimulus packed gets approved. It may take some time, but in december we are going to see a dxy going lower than 91,78 dollars. now would be good to be long on gold or silver too!
When ever this stock surge up after good news, the price fell the days afterwards. I follow trends an partterns. I see a potential support at 0.786 fibonacci, so around 24.5 dollars. You can also see a support every time price touched the moving 100 days. The momentum is falling, and when we see that consolidation fase, then you buy for a long investment.
If USD breaks the trending line we may see a surge, but if not, USD is going down to support at 92,31$
The price on Nvidia stock is a down trend for the moment, but that is only in the short term. I see a great pullback in all IT-stocks in next week. Friday will be a great day to be owner of this stock or on monday, wait and see. I want to see a rise in price over the #1 resistance line and then a fall to 367 $ if the Q2 disappoints.
Microsoft, Apple, amazon, Tesla and many more companies revealed disappointing quarters, furtheremore comfirmed cases of corona rises in some states in USA, which has a negative short term impact on the NASDAQ. Remember the stimulus/low interest rates by governments all around the world still have the greatest impact of all. Remember follow the trend, until it is...
Now this stock shows us that nothing is impossible. Now let us see is this idea is true.
OIL is going up in the coming days, but the 10 dollar level must be tested before friday.