Bitcoin to Retest Support Between 66,000-65,800 Before it’s last 5 impulse waves upwards. Topping around 72,000-78,000 This Cycle, with 74,500-76,500 being the most likely top target. This will usher in an altseason into at least a 0.702 retrace, leading into another bear market for crypto. Bitcoin will then confirm prior support at liquid zones including 10,000,...
Hello all, it's been a while without updates because nothing interesting has happened with the Bitcoin market lately. Been holding my short for four days now from 3408. We are currently at 5 of 13 from this TD countdown setup. Lets get my 2800 target rolling soon and 1.2k for full despair. Open interest is very low on Bitmex with short positions dominating...
The fundamental story at the moment is bullish gold with all the uncertainty around (Brexit etc). However with stimulus on the horizon and indicies rallying (plus the Hargreaves Lansdown Investor Confidence index at 4yr low! Very contrarian.) I can see money moving to riskier equities. On the monthly chart I've spotted a first test of a prior support trendline...
Buying gold now looks like a good idea, 1200 is a big support that should make gold retrace to 1240.