Bitcoin-gold
End of Covid Virus had begun. Great good times aheadHi all,
Today I have come to publish this post as some inner voice forced me to do this. We reached all time high with respect to covid cases. We know covid shook the nations and disturbed our daily lives. Some of us forced into medieval ages through lock downs.
Agony and Suffering are most sad things that humans can't escape but through God we can overcome them. COVID times are testing our humanity and nature of our behavior. Are we loving our neighbors or we selfish to self survive? Self Survival doesn't help. The best way to end the covid is to help your neighbors and friends as you want to help your family members. Spread Love and Humanity in these hardest days. Saying that I am predicting that COVID virus has become so week, from today covid cases will drastically fall down. Governments will realize and improve the health care if they don't we shall remind them. Happy Joyful days are coming, Economy will boost from this worst state. Believe in your inner strength and realize that God has given you power, Use your power through prayers. Pray for the end of the COVID and return of normal life for all our human society. God Heal and Bless you all.
Best Wishes.
🤔 Does Silver & Altcoins Share The Same Patterns? 💰 LET'S GET INTO SOME SILVER & TOTAL2 ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Comparison Study)
The top chart is total2 which represents the market cap for altcoins in the cryptocurrency market on a monthly timeframe. The bottom chart is silver on a 3 month timeframe. We hear a lot of the time how bitcoin is the digital gold and I found it funny to identify a potential comparison for the alts to silver, which is like gold alt. Notice that crypto does move in faster cycles compared to traditional precious metals. I thought It was funny that both are compressing in almost the same sideways range after a major correction for the first initial all time high run. Just thought I'd share this outlook and think it shows a brighter future for both assets once we breakout of this range for the next run. Would love to hear what you think about the comparison.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
The chart I seeUSD no longer seems a trustworthy value reference and thus we must use Gold and Bitcoin, whose supply is not controlled by central banks. Taking a look at this chart we can understand the BTC bottom in March, but we can also see that the current uptrend was broken last week. Thus, I expect a correction in BTC price down to well-known long-term resistances/supports, such as those corresponding to the range of 6000-7000 USD.
Weekly Momentum On Major Pairs (Week 22/2020)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Slightly Bullish
Gold & Silver: Bullish (Gold is Neutral & Silver is Very Bullish)
XXX/JPY: Bullish
Stock Indexes: Mixed (US index is Slightly Bullish & HK index is Very Bearish)
BitCoin: Slightly Bearish
US Dollar Index - DXYUS Dollar Index - DXY
We continue to trade inside this 200-300 pip range on the DXY. Until we see a clear breakout of this range, we are conscious that the markets applied volatility is lower than usual. There are opportunities on intraday timeframes, but we must remain patient and focused to ensure we do not get caught up in the noise.
TVC:DXY
SPY MASSIVE SHORT|EPIC MELTDOWN SPY is below the structure and, as it is being obvious, the feds money printing can go that far only. The market is super expensive and as the buybacks of the majors dry out, we will see a massive market unwinding, with margin calls all over the place. Brace yourselves, for those who believe in V or L shapes recoveries are filling themselves. We will have YEARS of no growth. Massive unemployment and no consumption.
Credit cards are maxed out. States and towns and pension funds are broke.
The trade war will accelerate from that point onwards, which won't add anything to growth either.
And after all that you want to say the market near the all time high is Normal??
No. Hell no. If you've got any portfolio left in the mkt, sell now!!
What to buy? No idea. Bonds are trash. Gold is too expensive. And you can't load your pension into Bitcoin alone.
Any ideas??
If Bitcoin Really is The New GoldLet's say the equities market crashes along with commodities, then we would expect gold's price to increase, but maybe Bitcoin will become the new gold due to the nature of the pandemic that we are currently amidst. The key point is this: gold is neither easily transportable, transferrable, nor is it readily portable. It would be impractical to expect be able to readily access gold throughout the entire time it takes for our planet to either acquire herd immunity to SARS-CoV-19 or to produce a vaccine which would be used to prevent said virus. Bitcoin is advantageous in this aspect. A $120,000 per coin call sounds hopeful at one point or another, but such lofty thoughts like that don't seem too far out of reach, especially during times like these.
expecting whales will short Gold as now it go better --> CRASHMaybe its not all a crash it go to 1630 as I expect, but I expect a big recovery at gold, more users did buy the bitcoin last time, because of corona virus, and some whales did follow the trend, we see it go now with more countries better. and expecting depend on mx effect that gold will breakdown to 1630 area or lower.
--> And exactly as gold looks to breakout, will it dump depens on mx effect.
This means good news for bitcoin!
I have done before Manny study with mx effect at btc, and all targets was working, this are the first time I try mx effect on Gold.
Expecting soon the down trend.
Will update after we have breakdown.
# this is not an advice, know your risks with trading.
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Bitcoin or gold? Which one should we buy?In times of crisis many investors tend to run away to the quality of low-risk assets like gold and bitcoin as a way to protect their patrimony from government actions, inflation or even a possible interbank breakdown.
On the one,there is Gold. A millennial asset which is universaly accepted as a valuable asset but it is difficult to store and can easily be sickled.
On the other hand, we have Bitcoin. A recent asset that is easily store, easily hidden and practically infallible but in some respects it is not so simple to trade and relatively low liquid when compared to gold.
The question is: Which is the best? The technical analisis are able to give us some informations.First, bitcoin is almost recupered from its previus downward movemant caused buy the world crash when compared to gold. Second, bitcoin is forming an ascending triangle below an importante resistance level that project its price to the red downtrend line. Third, bitcoin is inside of a huge simetric triangle that maybe projects bitcoin to worth at least 7 time more when compared with gold on the actual price.
In conclusion, from the point of view of techinical analisis bitcoin is much superior than gold in terms of financial returns.
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Bitcoin is in BIG trouble - or is it? (BTCUSD)Hello friends!
In our last analysis, we identified a perfect Fibonacci breakout setup even to the point where Fibonacci allowed us to predict the day of the breakout. There, we target $9200 with some great success. I have now removed the fib lines from the chart. With everything going on, until I can be sure that they apply in a way I can communicate, I’m keeping them off the chart.
Now, Bitcoin. We have two situations going on here. First off, this “check mark” pattern on the Daily, and even visible on the 3D chart, is bad news. Fortunately, we can take it a bit less seriously than usual, because these are strange times. So, we have a bearish 62% retrace *in red*, that points to (optimistically) a retest of the previous low, which was shown to be strong support.
Now on to scenario #2. Long term, we just tested the 79% retracement area. At this point, we saw some big buyers step in. If I had to guess. 4K was the planned algorithmic target as soon as 10.5k was touched.
I want to stick to the technicals.
The arrows are scenarios I see as being likely here. Good luck traders.
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