Hello,Traders! I'll just say that while this post is about BITCOIN what I say here applies to all assets Including stocks, real estate, bonds, precious metals. Many people are still expecting some sort of 2008 style crash of the markets because the economy is going from bad to worse. However, while we are already in the recession and the only person who refuses...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team entered gold mining company Equinox Gold Corp $EQX today at $5.75...
Gold was in a pullback mode labeled as wave E on a weekly chart however on a smaller time frame i am expecting a minor pullback towards 1809 Level before any continuation might occur. a break above 1809-1815 will give us more momentum for the upside view. waiting DEC 15 to see the reaction of the market after Powel conference.
Fed's Powell says taper could start in November, finish in mid-2022. Federal Reserve Chair Jerome Powell said the central bank could begin scaling back asset purchases as soon as November and complete the process by mid-2022, after officials revealed a growing inclination to raise interest rates next year. Given the economic data, the start of tipping in November...
However wait for press conference
Using the Cash in/cash out indicator (CICO) one can see the major shift from buying to selling. The CICO indicator measures a rolling sum of new money in and out of the market. The user can set the desired time frame to measure. The code is open source and directions on how to use the indicator are within the comment sections of the indicator. Don't let the 1%...