Well, Gold has pushed up for days, US elections will have a positive impact on Dollar and Gold won't have enough liquidity to regain momentum. I think Gold will go down and retest last support.
After my last idea which was the best BTC forecast on TradingView :D Yes, we managed to buy BTC from bottom to ATH :D Now BTC need some correction, some rest. and we will take some liquidity from it as profits.
I see a very big correction coming to dollar in the next month; maybe it will then reverse to continue its way to my target (see my previous analysis in 'related ideas')
Bitcoin : Are we going to see same scenario again ? Well, likely, as things start to be clear about the future of crypto (XRP case is a very good factor), US Dollar is weak with inflation going down, I think this is a good opportunity to acquire some ;)
it's coming, very soon we will see 60k levels Historically, Bitcoin is repeating same pattern when it goes up to 60k
if the bitcoin price break above 40k and then come back below it, then it will probably go down to 16k
Simple and clear, inflation is not going down anymore !
gold has been trading within a descending triangle since Fiday, and it is now ready to break the downtrend line. a strong bullish signal.
Well, I think yes ! Gold is in consolidation phase (15min chart) and it is in the final stage of it. The NY session open will bring the necessary volume for Gold to shine. Wait and see ! proper risk management is your friend.
Many traders are seeing a bearish signal on Gold but in my opinion they are wrong, this month, Gold is only for buy
Bitcoin price is still under bearish pressure as Dollar is very strong.
Price continue to make lower highs and lower lows which means a reversal has started
Bearish pressure on Bitcoin and the crypto market continues as Dollar gain more strength
I still can't understand why but dollar is so strong !
Update to my last idea about Bitcoin. Price goes under demand area and closed below it which is a great confirmation for my bearish view
Bitcoin can go to 18k before we can see any reversal
My target for US30/Dow Jones is 29000 My reasons : Technically, price failed to create new highs and it's a signal that bullish momentum is turning bearish, which will be confirmed if the weekly candle close below 32000 Fundamentals also are putting pressure on Dow Jones, as we have SVB saga, inflation, strong dollar, US debt deficit and more
Bitcoin price is falling, thanks to the inflation and Powell and SEC and FTX and Coinbase, all together :)