The conection between Bitcoin and other risk assets (stocks for example) can be reduced to liquidity in the markets. The easier it is to borrow money, the higher the price will go. Central bank policies, interest rates, influence the overall liquidity environment. In times of economic expansion, with accommodative monetary policies, liquidity tends to be...
Gold looks ready to visit 1700 area. Im ready too. Mobile
IF and only if this pattern is completed, then this. (If not, then... no. LOL). PS: The Romanian national bank is buying to protect it - there is no doubt in my mind.
Scenario is based on what happened in 2015
"This time is different" i would change my mind only above 1400
a close bellow the red line, would put a target in the vicinity of zero.
(Only) if gold closes bellow the 1281, target is 1211
-i am using a small position (around 5% of my trading account), mostly for fun; -falling back into the triangle would be a very bad sign; -depending on BTC (and im kind of bearish on btc at this point). Good luck.
history is tryna convince me to go all in :) this is a joke and its only here for my own reference.
i hope im wrong and "this time is different". SP500
these gaps are always filled before the market finds its direction. decent dead cat bounce incoming
very possible, very unfortunate. a picture as 1000 words
A daily close bellow 260 might put a target of around 200, then we might see 140ish (15 july 2017 low)
A convincing close bellow 1238 (12.12.2017 low) could trigger some serious selloff in gold.
This is not a trading idea, but merely here for my own records.
LTC/BTC can be shorted, as the market seems to be returning to its senses and BTC takes its place back.