GOLD 1. Gold price broke above monthly downward trendline from 2011 and retest it, also below has multi years upward support trendlinefrom 2001, once monthly close above previous lower high $1377.5 will confirm monthly uptrend, bases on channel projection, target may above $7000. 2. Gold retrace 50% of 2001-2011 price movement, and retest previous ATH at...
Bitcoin drop below $8000 mark after new candle day, it may indicate $8000 become a strong resistance. While others call Bitcoin beyond $10k, as a trader I think if it need to go up to $10k above, it means at least price need to well above $8k. Now price is twice as much as 200MA. Elliott best wave count interpretation shows it’s quiet clear there’s a higher chance...
Personally, if this interpretation comes true, bitcoin is unfolding in bear market right now. ETHBTC is no doubt in bear market already imho