Price is at key resistance and I would be looking to sell at this level. Ideally, wait for a break and retest of the double bottom pattern but I do not think we are ready to go quickly to the upside.
If the price stays below this resistance I will be looking to enter below 1860. I can imagine some kind of wicks to the downside to collect liquidity for the big move.
If we break the above resistance, I will be looking to get in on the retest. Make your life easy and sit and wait. Buys at 1680 and sell at this level. :)
Fundamentally I can imagine when all the inflated asset prices stop people will be running to gold and safer currencies. New agencies aren't pushing the Gold agenda any more and in fact, telling the average Joe to buy BTC and the stock market at these crazy inflated levels. When everything becomes rational again people will be selling these assets for USD and Gold. I strongly believe things will get worse before they get better. Unemployment worldwide is increasing and government stimulus can't continue forever and EVERYONE is trying to beat the markets because it seems easy right now.
If the price stays below this resistance I will be looking to enter below 1860. I can imagine some kind of wicks to the downside to collect liquidity for the big move.
If we break the above resistance, I will be looking to get in on the retest. Make your life easy and sit and wait. Buys at 1680 and sell at this level. :)
Fundamentally I can imagine when all the inflated asset prices stop people will be running to gold and safer currencies. New agencies aren't pushing the Gold agenda any more and in fact, telling the average Joe to buy BTC and the stock market at these crazy inflated levels. When everything becomes rational again people will be selling these assets for USD and Gold. I strongly believe things will get worse before they get better. Unemployment worldwide is increasing and government stimulus can't continue forever and EVERYONE is trying to beat the markets because it seems easy right now.