Bitcoin in not going down anytime soon, we have a very good buy signal at the moment to go to the 13 000 and above zones.
BOs (Buy Orders) placed at 1.81600 and will be adding positions as the price corrects at key zones.
We have been selling Gold since the initial move to the downside at 1764.00 (check related posts). We are still selling, nothing has changed in price action, yet.
We are still selling this pair unless it invalidates the structure which has not happened yet.
The analysis has played out as posted earlier, now we should be buying.
We are still looking for selling opportunitties on this pair since Monday (the first analysis)
Weak hands have been flashed out with that whiplash, we are still selling.
The analysis to the current sell signal was posted early this morning on my page.
It might appear to be going up at the moment but we should expect another entry at the yellow zone. The logic supporting the sell is illustrated.
Lesson 1 “All warfare is based on deception. Hence, when we are able to attack, we must seem unable; when using our forces, we must appear inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near.” ― Sun tzu, The Art of War It is in the nature of the market and best interest of the smart...