AUDUSD IS IN A STRONG RESISTANT AREA LOOK FOR OPPORTUNITY TO GO SHORT MONITOR PRICE ACTION
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This idea does not provide the financial advice.
Austrian stock market crashed extremely hard in very short time.
All major indices crashed during last few weeks, but the ATX looks worse than then DAX, DJI and S&P500. It is a flash crash with extremely high bearish momentum, which broke through all major moving averages (50, 100 and even 200 monthly MA)! On the weekly time-frame a triple MA death cross is...
Central Banks of the world need to do one thing to render Bitcoin useless and make it go to zero:
Collectively, stop issuing any more new credit or fiat into the world forever.
That is, the Federal Reserve that controls USD, Bank of China for Yuan, the European Central Bank for Euros, the State Bank of India for Rupees, all collectively need to keep the...
What does the community think?
As already mentioned around the twittersphere, it may be more beneficial to observe the floor, absolute low prices by year to understand the sheer strength of Bitcoin's longterm price appreciation.
Annual LOW prices (floors);
2012: $4
2013: $65
2014: $200
2015: $185
2016: $365
2017: $780
2018: $3200
2019: ytd $3300
2020: 4,900...
ETH follows a similar chart pattern as BTC. Their correlation is quite high - at the moment.
As I expect BTC to fall in the next days, ETH also will fall to deeper prices.
First support would be at fib retracement 61.8% (637$) - which would also finish the shoulder - head - shoulder pattern.
IF the support can´t halt the movement then I expect the course to fall...
This is why digital assets are so lucrative and why they're so dangerous. Here is a long-term chart that shows traditional major US equities indices alongside the Gold market (the red and blue bars), as well as Bitcoin, Ethereum, and a few other promising digital assets. This chart shows precisely why Siacoin, DigiByte, and others are worth examining closely: the...
