Easy Double Top Formation on Gold Raising Channel as well 4h & D Chart
As Much as I think Bitcoin will sell in the immediate future Its the opposite with ETHUSD Investors will be putting money on ETHUSD as its the cheaper Alternative I dont see ETH going under $4000 after breaking it now
BTCUSD to sell My thinking is that Traders have taken Profits Investors have sold some of their positions or Bitcoins Market to Correct itself a bit then People will be looking to buy at $20 000 cheaper from all time high which is around $80 000
At this point I would say its long gone but Thats my observation of the past few weeks on Gold
We looking at everything that was at their all time high I believe we going to see corrections in most if not all indices/Fx pairs/Crypto Its impossible for everything to fall at the same time as money has to come out somewhere and be put into something so we might just see these things give each other time to correct prices
BtcUsd looking good Investors with high risk appetite looking to go CRYPTO Savage
I mean its crazy to think of selling Bitcoin But think of it its been Pumped to all time new highs investors would likely take profit to enter(buy) at cheaper price
5 weeeks ago Nasdaq was at all time high It took 17 weeks 15 of them being positive weeks Stayed there for 8 weeks so its 25 weeks of Bull domination Considering that we left a gap at 5050 in 2016 I believe investors will be looking to put back their money when its dead cheap Not saying it will reach 5000 levels though
Short position on JP225 on Daily As market structed a double top, broke support than on testing of the now resistance this week everyday the sticks are negative Making me believe that we bout to see sell of And all Indices and Spots look to be selling you know what they say Takes long to climb up but goes down as if it went out of the window
Spot Gold looking to gain moment as USD looks to lose value in the coming weeks
white line (bullish) Orange line (bearish) Gold went weak due t NFP Release
Great British Pound Looking good and with ZAR looking Weak on all sides
I've been on a long break but Usd looking Strong nut with gold looking strong also we in mixed emotions
We might be having record highs but my bearish sentiment is still on. i dont think investors will pump more more before taking their profits
US Dollar looking to gain traction and be valuable against emerging ZAR
Great British Pound United States Dollar Another possibility