About meAuthor - Miloš Radojković, graduated economist, with many years of experience in investing in the stock market.
Focused on investing in stocks, precious metals and cryptocurrencies.
Supporter of long-term investing.
He offer professional mentoring.
From the TA perspective I expect for USD to recover a little bit, at least short term. Since the end of September EUR rises and USD lost around 10%. FED announced that rates could slow down and we can expect for investors to go back and put money to stock market, which can couse USD goes down more, but for short term I think we can see $$$ jump.
SP500 will recover after 2 days of red candles if FDA aproves vaccine today. Right now we can see bullish parallel chanell and that chanell can continue go up if Pfizer got aproval for vaccine. We should be ready fot both scenarios.
We can see on 4h chart that we are close to 200 EMA, and this was solid support last couple of times. Also, RSI is in oversold zone and quiet. It looks like that is time for buying, at least for next 2 weeks for some swing trades. After Christmas I expect for most of the big names to calm down during the holidays.
I think that is finnaly time to see some decent action on Bitcoin. We have #Consensus2018 conference right now in NYC, which is one of the biggest crypto events in the world. Last year we saw some big move up in all market during and after the conference. If this happaned again, I expect to see uptrend and BTC must break previous high around 12k to confirm...
Hey BTC please drop to 8k and let us continue to trade normaly. :)
It is over 40 days since BTC started droping from the top of almost 20k. I found 2 similar situations in the past, where BTC droping between 52 and 57 days in a raw, and in that case we can expect BTC to touch the low and start climbing after 7th February.
Of course, if some "political"...
If we touch 2800$ it could be THE bottom, and great buy entry! Dont recommend to wait the final prove, better to start buy little earlier around 3000$-3050$, because when and if we touch 2800$ it could go very fast up and it could be very hard to catch the moment.