Your goal should be make the most out of US Dollar weakness, Bitcoin and gold could give you the best exposure in the coming year!!!
The 9-year trend line has been broken in the last 2 months. look at the past, then you will have an idea about what is going to happen in the next 2 months! and maybe for the next 4 years!
Fundamentals confirm its technical!
R/R: 3.35 (Some people like messy charts, I don’t)
Sideway moves is the most probable scenario, unless we see a sharp uptrend and closing above 3600 or a sharp down and close below 3200! If it closes below 3200, it could confirm the ☠️ Double Head pattern! There is a famous quote:”Markets don’t like uncertainties” and we have lots to come: 1- Election result: could become really messy!( what if it end up in...
Since March, GRPN reached this support level 3 times, in the last 2, it was followed by a 267% and 138% bullish rally! keep it on your watch list for another possible bold move!
on the 15.70 each share has 0.00095356 BTC, which means: you are buying bitcoin at 16464 !!! while it is 13740 and !!! I won't pay 20% more !!! do you???
With the next earning coming next week, we will see getting out of the consolidation! the average gold price was 1750-1900 for this quarter while it was 1600-1750 in the previous quarter!
There is a good chance that WKHS’s correction has finished because an ABC pattern has completed 2 days ago and we can see 2 higher lows! This analysis is valid until WKHS does not cross down 18.81!!!
Digital Turbine got exhausted after a +1000% rally in less than a year!
We have to wait for DXY to close above 96 to be sure that it will be bullish! Today it gets out of the consolidation pattern, but the long term bearish trend is still intact.
This is a comparison between Bitcoin, RIOT, CAN, and GBTC in 2020! It seems in 2020, RIOT has out perform Bitcoin 3.2X..! Which would you choose for the next 2 years, Bitcoin or the miner?
This is the perfect bearish butterfly, first target 93, then could go as low as 72
it could be a consolidation or a classic reversal pattern!
This is proof for those who thinks Technical analysis is a fiction, hallucinating or ...etc. The question is now which scenario is most probable in the next 21 month?