Many would say Bitcoin is dead. However... is that really true? Or is Bitcoin just waiting to be picked up? A lot of altcoins seen a major rise in the last couple of days. Will Bitcoin be next?
According to my analysis Bitcoin is in a major flag pattern, which is narrowing down now.
We're not looking for to confirm our bullish or bearish opinion. To be...
Given the strong rise in crypto and the stock markets... it seems be logical to move more upwards. 📈
However... that could also be a reason for stocks and crypto to go down. 📉
Whatever the case. We NEVER know for sure. 🤷♂️
That's why we place our bets along trend lines, and support and resistance levels. 💵
The flag pattern ⛳ you see here is a classic one. We...
As seen on the graph, Gold ( FX:XAUUSD ) was in a bull flag, and is now jumping out of it in the north direction. Now we are heading to the next resistance of ($1,795.80) $1,800. That is the resistance of October 2012. After that we can see another run to the ATH of $1,920.80.
Because of all the insecurities in the markets right now, the demand for gold has...