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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.
BITSTAMP:BTCUSDEducation
by ThrivingProject
1
XBT has made a full recovery from Covid -19!!!!XBT has created new market structure and we are back to the price level pre covid-19 There is strong resistance to break with an equally as strong supply block, the next supply level isn't as strong (due to only a small consolidation zone before it) meaning we could easily break though it. XBT is a no trade zone for me at this stage. I will be looking for shorts if the retest fails to close above resistance. The demand zone is very strong with a decent consolidation zone before it and lots of previous structure. if we make it back down there, in my opinion it wont be for long. XBTUSD D
BITMEX:BTCUSD.PEducation
by CryptoTennille
1
Despite helicopter money, #DXY seems to move upside ( this is not a financial advice, please consider calculating your own edge & risks in the markets ) My personal thoughts ; - Despite the fact that FED promised to distribute unlimited USD -if necessary-, the markets will consume this USD-cash because especially in EMs and other countries there is a loss of confidence against local currencies. - Big investors in the rest of the world ( outside US) will keep an eye on investing in US markets and buying US stocks as soon as the markets get well and move upside. That means, they will store more USD cash to catch the opportunities in the post-virus era. - People will need cash to buy the goods and stocks will not have a meaning in a shutdown economics. So, my personal gut-feeling says that we may see #DXY around 120 in short- to mid-term perspective. and my curves for DXY seems to be working with a breakout of curve-zone. ( see below the related chart )
TVC:DXYEducation
by Xemaphore