First, a global economic crisis could lead to a loss of faith in traditional currencies, driving investors to seek the stability of gold. Additionally, geopolitical tensions could escalate, leading to increased demand for safe-haven assets like gold. Another possible factor could be advancements in technology, which increase demand for gold in electronics...
Hello this is Bitcoin and, Bitcoin does whatever it wants.
Bitcoin cme fap futures filled, I'd long here with a tight gap. Indicated potential tp levels. NFA.
This might be the best time to enter... trend reversal with high volume, re-tested and moving on.
Expect September to be very volatile for risky assets. Bitcoin has reached to 0.618 fib level. In parallel to there is no upward trend on Google search trends, M2 money supply is slowed down. Personally I do not expect a breakout. (Except a fake potential breakout that may surges to $54K). D.Y.O.R
Bitcoin finally reached to 0.618 fib level. I expect September is being very volatile for risky assets. M2 money supply is slowed down. Personally, I do not expect a breakout. (except a fake potential breakout till is surges to $54K.) D.Y.O.R
Target 1: $44K Target 2: $39K Invalidation: $50.5K
Don't take this chart very serious because it shows very short time frame.
As is seen on the chart, there is a negative relationship between USDT.D and USD/BTC.
Don't want to comment on this chart because I have heavy short positions lately, so cannot be objective anymore. Always remember ∞ / less than 21.000.000
RSI is on the resistance, S-H-S formation may occur (early to say). Personally expect this 39K movement.
My momentum expectation on Bitcoin. It might be $37K by August 29. As I said trial Idea.
Bearish divergence on both RSI and OBV. decrasing volume, weakening upside trend needs a cool down. Horizantal supports and resistances on the chart. I guess $39K is inevitable.
A triple top formation occurred in a very short time, this was not what I expected. If triple top formation and bearish divergence is broken I'll need change my mind quickly...
Expect and s-h-s formation before it breaks the parallel channel. $2400 will be a major support. D.Y.O.R
2563 is 0.236 support. 2400 is horizontal and, 2136 is 0.618 support.
Such a nice day to break the resistance of RSI and descending trend.