Red line - Previous ATH
Green Line - Trend since April 21st.
If there was a time to short, it'd be now. With skyrocketing Covid and inevitable lockdowns, continued unemployment, no stimulus bill progress, and boomers liquidating their pensions and retiring early, it's time for the real crash to happen. It'll probably fall back down to the lows of March, while the Fed puts as many rule-breaking backstops as they can on the market. It's getting so bad that the only way out is a digital currency lol.
We will be falling into the 0.618 by tomorrow morning. It's only a matter of time before the next huge selloff. Sometime after the election, if gridlock continues, and nothing is there to backstop the markets, we will have a selloff nightmare. Could happen this week as this is the last full trading week before the election.
kitco.com/commentaries/2020-10-23/Governments-are-moving-towards-digital-currencies-got-gold.html - Digital Currencies
Green Line - Trend since April 21st.
If there was a time to short, it'd be now. With skyrocketing Covid and inevitable lockdowns, continued unemployment, no stimulus bill progress, and boomers liquidating their pensions and retiring early, it's time for the real crash to happen. It'll probably fall back down to the lows of March, while the Fed puts as many rule-breaking backstops as they can on the market. It's getting so bad that the only way out is a digital currency lol.
We will be falling into the 0.618 by tomorrow morning. It's only a matter of time before the next huge selloff. Sometime after the election, if gridlock continues, and nothing is there to backstop the markets, we will have a selloff nightmare. Could happen this week as this is the last full trading week before the election.
kitco.com/commentaries/2020-10-23/Governments-are-moving-towards-digital-currencies-got-gold.html - Digital Currencies
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.