andypro16

andypro16

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andypro16 Updated 

Although I was bearish with this pair, time has proven that I was wrong. This pair has already broken up. You may ask: why is the volume so low? Is it a false breakout? From my point of view, I think it is due to the fact that we are still in a bear market. In a bear market, retailed traders are mostly bearish. Even when they saw a breakout, they tended to think...

andypro16 Updated 

The price was rejected by the support zone 0.995 which is bearish

andypro16

:)

andypro16 Updated 

Target 25800

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andypro16 Updated 

cash is king

andypro16 Updated 

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andypro16

it may be strange that I am bearish on XAUUSD but bulliish on XAUJPY. However, above statements can be tenable because I am also very bullish on USDJPY.

andypro16

$1240 is 0.382 retracement and the important resistance zone after breakdown of the uptrend line. From the technical point of views, if gold cannot break the $1240 resistance, it is supposed to retest the $1100 support (precious low). I don't think gold will break the $1100 support due to a basket of fundamental factors. If you are long term investors, it...

andypro16 Updated 

S&P is oversold and need some correction now

andypro16

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andypro16

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andypro16

After 13 days consolidation , price chose a downward path, so we just short bitcoin. Price action shows that institutional players haven't bought it yet , otherwise bitcoin should breakup instead of breakdown yesterday. There won't be a bull market. If bitcoin fall below $1200, don't buy it anymore.

andypro16

At this moment, US stocks futures are plunging and Gold is rocketing to $1240. However , Bitcoin is still consolidating and haven't decided the paths it will go for. I have an interesting thought : The path of bitcoin from here will also decide the type of "Bitcoin" in the future . Which means, if bitcoins rockets from here, it will act as a "Digital Gold" , a...

andypro16 Updated 

if btc follows the path of bubble , a bull trap should appear.

andypro16

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andypro16 Updated 

Price is struggling at 6550 at the moment. There are lots of buy orders above $6500. If the price can stay above $6500, it is still possible for btc to continue its bullish move. Although the pump may be due to USDT depreciation , we should bear in mind that if btc don't fall back to the starting point of the huge pump ($6300), there may be someone else buying...