If you're willing to hold a bit, for example physical, now is probably a good time for an entry.
A little pullback to the line in near term, but i see us continuing on this trajectory medium term
... somewhere in the 36-38k area, before moving towards new all-time highs after the Halving.
Wouldn't touch this with a five foot pole as long term investment
RSI heavily overbought, backtest (and also gap fill) likely. Will load up heavily if it happens.
What a wonderful retest and strong bounce from the downward trendline. We are now primed to visit the next resistance above at round about 29-32k USD. Wouldn't be surprised if its just a matter of days, maximum weeks.
But a wick down to 12-15k is still possible. Wouldn't bet on it though.
The current geopolitical situation and rising inflation that will NOT be transitionary make it an easy buy for the mid to long term
Definitely don't short here. Fundamentals for the military industrial complex are (unfortunately) stellar at the moment. This is just getting started.
Looks as if Junior Gold miners have finally broken the year long downtrend and still got catch up to play to current Gold valuations. If Ukraine crisis continues to unfold for a few more days or weeks, I can't see this being just a fakeout. LONG AND STRONG.
If you're a swing trader with mid and long term outlook you definitely want to buy here
A pullback to the .618 FIB level and the 21 Weekly EMA would be a healthy correction. Then off to the races (= New All-Time High). Don't short the beast. Buy more when it dips.
Gold holding over the 21 Weekly EMA like a champ, while mainstream news is calling doom for Gold because of positive COVID vaccine news. BUY THE DIP. Bulltrend is intact.
* In Bullmarkets we never close below the 21 Weekly EMA * In the whole history of Bitcoin, we never closed below the 200 Weekly SMA The simplest strategy to "buy the dips". Period.