mertelver

mertelver Updated 

BTC recovered its losses and returned to levels before COVID-19 pandemic, RSI is overbought, stock market "seems to be rallying", governments loosened measures against COVID 19, which all together makes the markets extremely vulnerable for a second shockwave. In contrary to general belief, BTC and XAU are acting parallel to stock markets and a double bottom...

mertelver

Price and volumes seem okay for further upside. Now that all the market is bullish, many will jump to buy gold. Price will go as high as 1776 - 1832. (June) Once everyone in the market is bullish, whales will start dumping and the fall will continue to as low as 1500-1600 range - probably 1550 (July-August) Once the .382 fib. retracement happens to 1500-1600,...

mertelver

Weekly close below the trendline, markets recovered much of their losses and the economy is ready for a second shockwave. All world markets and commodities are also expected to descend together with US Stock Markets. Apparently, we start going down starting from Monday and retest March lows. Then, after retesting the low, another false bull flag will appear in...