NOW the GOLD is on the right way to make a big move to the upside after this big break and pullback to test the support, technically talking GOLD/USD need just time and good mental to trade it up, fundamentaly this Deflation thats FED start to make will make the dollar in a down trend, (Study the INFLATION/UNemployment "CURVE OF PHILLIPS THEORY") it will tells you...
Today Chart of BTC show us a good bounce from the support-trend, but to confirm on which point bitcoin stand is hard, because the price now needs another bounce to the resistance and then decide if its a bullish pattern "Ascending triangle" or a bearish pattern "Rising Wedge", so as our Warren's Quote says : time in the market beats timing the market. my advice is...
BTC is respecting the law of market, retracing to levels of supports to test them after a huge bull Run, and here where people are getting emotional because the fundamentals tell us the 2022 will be a huge yeaar for Crypto and we could called it " the regulation year", but the price is going down, so people are asking why and how ? the answer is simple :...
on the 4H time frame bitcoin is forming a descending triangle pattern with 2 possibilities : the First one is to go down to 43100 to a find a new support level, the second is break to the upside with the target i mention on the chart 49500$, this pattern is a bearish pattern and the market may going on his downtrend to another support level as i already shared...
after a huge drop last night on BTC, now the situation is clear thats Bitcoin cant push higher than 52000$ thats why it correct the price to find the support and some new volume, now we have 2 levels to buy on, 48000$ last S/R or another dump to 45000$ and its will be the best point to enter. im still bullish on BTC and there's no bear market but this is the...
BTC now is on a channel up with w big possibilty to breakdown and get some correction, BTC recorded 3 rejections from 51200$-51500$ whats make it a hard resistance to break, and technically speaking almost 72% of this pattern are break down, so be Careful, im still bullish on BTC and there's no bear market but this is the psychologie of the crypto u have no power...