About meCommodities, stocks & forex trader. Developer of 'Market makers movement analysis strategy' - A strategy that involves finding out what the big market players are trading. In other words, insider trading, done legal way.
Dogecoin that was previously supported by Elon & now thrown around by Elon again has been one of the most focused crypto in the last few weeks. Currently trading at 0.3, this crypto could possibly go down to 0.1, where then there should be some high amount of buying coming in from big players.
Currently trading at 0.8, I am on a short trade until 0.4. Once at 0.4 this crypto will be quite interesting. I'm expecting a down move first to 0.4 based on my analysis and once there it should get back to its move up.
Although most cryptos had a major sell off the last week, this week doesn't look any different. I am sure the crypto markets will be picking up sometime soon, but not until lower prices levels are touched again. Ethereum could possibly hit 1500 in the coming week before it can start picking up again.
The bears are not yet done on this cryptocurrency. The volume shows buying entering in large quantities, but not large enough to confirm that the bulls are taking over. Before the bulls start the rally, there should be a test push down to 25000 level, to see how much selling comes in. Besides, if my analysis is right, the big players and banks are doing everything...
Looks like this up move on gold markets are about to end. The bulls look exhausted at the current price levels, exhausted enough for bears to start pushing the prices down. The current prices surely looks attractive enough to market players to start their distribution campaign "SELL HIGH". I am expecting Gold prices to reach around the 1810 levels in the coming weeks.