Breaking news. Whether to follow the signal to make money.
eview last week's trend. Gold once soared to the 1987 line. The fall of the US dollar and changes in geopolitics act as support. For many friends who follow me to buy gold, they have made a lot of money. This is something to be congratulated on. But if you didn't follow the signal to buy gold but sell gold in the last week. Then the loss is heavy.
Everyone has also seen that gold has not stabilized since it went up to the 1987 line. On the contrary, because of the rebound of the dollar, it continued to fall to the 1957 line. After the shock at the end of Friday, the closing price bottomed out at the 1962 line. After the opening of the Asian market, it touched the low of 1958 again, forming a short-term double support. There is no special news news today.
From a short-term point of view, the current support is effective. Because this is the first time that gold has formed a second low support after falling from its high level last week. So in the short term, I will mainly buy gold. Of course, the actual trading situation is subject to the real-time trading signal updated by me on another channel. Never trade blindly.
1970 above is a short-term pressure level.
Bthusd
Bitcoin Cash a false breakout?😱Bitcoin Cash could make a false break of the local top, volume is up and ATR is close to 200%. All this signals that a false breakout could happen.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Trading plan based on volume analysis: BTSUSDBitcoin broke through an important psychological level of 9000 on volumes (1st arrow on the screen). Those who followed our recommendations has already closed a portion of the profit and moved the rest to the breakeven point. We don't recommend to the rest to try to catch up, it is better for them to wait for the consolidation and rollback in order to short. Good area for sales is 9145-9200 (2nd arrow on the screen). With the first target of 8790-8800.
Trading plan based on volume analysis: BTCUSDSell Bitcoin aggressively if there are hints in Time and sales and DOM at the level of 9380-9450 (1st arrow on the screenshot). Sell conservatively after the breakout from the top of 9200 and a successful test from the bottom (2nd arrow on the screenshot). The first target is 8800.
Current situation: BTCUSDT We were lucky today to see a typical Up Thrust at Bitcoin (1st arrow on the screenshot).
This is one of the best figures in volume analysis, which gives with a short stop much larger profit. At first glance, it looks like the uptrend, when the resistance at 9265 is broken down on volumes. But this is a wrapper from candy. Smart money is much trickier, they win several prizes with this movement. First, they activated the buyers, who put limit buy orders. Secondly, they sold Bitcoin to the market with limit stop-loss. Thirdly, they enticed the weak player into purchases, whose stops lower will activate sales. But that’s not quite the case. In this situation output and fix under 9200 (2 on the screen) will serve as the confirmation of the Upthrust. Because a large buyer can come to the market at any moment and push the price up. And the market is always right, as we know. Therefore, never forget about risk management.
Bitcoin Cash: Crash PredictionWith data looks like being skewed to the right again for a positive spread and recoup from the previous fall, most people would recommend to buy Bitcoin Cash. The positive correlations seem to make it almost an obvious investment choice. However, I believe this isn't the case, and being active in crypto it is surprising somebody like me doesn't own or plan to own any BCH. I believe given what will happen with the lightning network and the BTC core developers, as well as little unique value proposition from BCH, Bitcoin Cash may likely eventually have one of the biggest crashes the market ever seen. Even though it is considered statistically investable as of now, their seems to me a danger of a BCH HODL. I would rate this a high investment risk in my personal and critical opinion. This isn't to say it is a bad investment, but from my understanding, I wouldn't recommend it.