Bitcoin, January Effect, 2021 Forecast"As January Goes, So Goes the Year" is an old WS adage, and with good reason- in most cases, prices do increase over the rest of the year if there is a positive first month.
"The story follows the price" is another great saying, just as most folks are now calling for GME to trade over $1000 a share, many are also calling for sub $20K prices per Bitcoin.
Given history, and a preference for a buy and hold investing, I think buying $BTCUSD at the close of the month is a great entry.
In ~12 months time, Bitcoin will likely be between 2X-5X today's price.
I remain long Bitcoin. BITSTAMP:BTCUSD
2021jan
XAUUSD Golden MovementDear Traders,
Gold shows a clear up trend.
According to Elliott Wave, we are in wave 5. If you look at the chart, wave 1 of wave 5 is created and broke the resistance then backed below that to create wave 2.
Based on the formula 0.68% already wave 2 is created and it gets ready for wave 3 which will move to 2146.28.
Then we will have wave 4 which will pull back to 2073. The last wave will lead the market to rate 2263.61 which I will close my buy position in that rate.
I have entered to to market at rate 1839. Hope to make good money until March.
Good luck.