With the rejections for 2 consecutive days, gold can rally up to its mean or above. Main trend is still bearish however and based on seasonality, March is usually bearish for gold. Watch out for short trades from the mean.
With the global pandemic slaughtering markets for the next while, nobody has any stomach for volatile speculative assets (like crypto), so I expect the dumping to continue, and any rallies to run out of steam without fresh speculative interest. We'll touch the fabled "2K COINS" range in a panic spike at the bottom of this pink wedge, then market should range...
Have you noticed that every time your BULL account is lower?
And even if BTC rises, it always continues lower and lower?
That's because they are robbing you.
I imagine you already noticed that on many occasions BEAR and BULL were at the same time in red with gigantic losses, however they were never at the same time in green.
That's what it's about, stealing from...
in general i am a optimistic person, just as a lot of indicies were falling the last days after ignoring the risk for several weeks up to the last high above 29,500
a temporary or longer enduring bear market could be occurring in my point of view with new lower lows between 20,000 and 15,000 points on the other hand there no guarantee for support, stay save, the...
Or more likely we're just following last year's market cycle? This was a monster 36% short but possible accumulation now from around $6,500 before growth begins.
We'll wait for the price push to break double top and see if it fails.
If we can see a valid double bottom, we'll short targeting range bottom.
Like and comment if you find value in our analysis.
Good luck
NOTES:
- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just...
Welcome to my first little analysis
It's very simple, last time BTC broke up of the falling wedge, it went up and then went down 37%, maybe it's doing the same thing right now!
Have a great day
KEEP HODLING
A bit of education for those who would like to see the Wyckoff's '4 Market Phases' superimposed onto Bitcoin, over the last 5 Months.
Wyckoff was curious about the logic behind market action, and through utilising his techniques, I have been very successful in the past.
His Accumulation Schematic #2 proved to be incredibly successful in the past, from a...
Semana começa agitada com grandes quedas nos índices futuros dos principais mercados e Asia encerrando o dia em baixa, com Shanghai perdendo mais de 3% e Nikkei caindo 5,38%, devido a forte queda do preço do petróleo no mundo e as incertezas sobre até onde deve chegar o efeito coronavírus. No Japão houve ainda o agravante de redução maior do que o esperado no PIB...
As a result of USD devaluation speculations BTC and altcoins are currently preparing extreme moves to the upside I predict. Perhaps already reversing before this 4h close.
