As you can see, bitcoin chart shows 50 simple moving average cross the 200 Simple moving average on a downtrend,which means historically that bitcoin is facing now a short term potential Sell off !
To be more clear ! The weekly close need to be above 52.000$ if we want to see more uptrend. but for now, we still can see bearish move ! For those who tell it's bear run now and there's only sell on bitcoin you are WRONG! to confirm that it's a bearmarket, the price action and a weekly candle needs to close below 44000$ which is not really confirmed as we can...
Buy the dip when ever you can .. as per know, just keep monitoring price action and find the best entries for you guys, Always risk management to protect you funds !
Inflation is getting more and more on highest levels and in such period, Gold and many other precious metals appreciate (refering to historical events), and the reason I do this analysis, is because now, Gold has created an important structure (M pattern), as we aready know, after the M pattern and exact rejection from support on chart, gold must complete the M...
STRONG KEY LEVEL ON EURGBP waiting for news to confirm. GB inflation is reached highest level since 2011 but Bank of England will wait until Feb-2022 before to increase it rates.
Inflation and Covid19's economic impacts, still holding and supporting the Yellow metal !
Gold goal is to consolidate on area 1916 (key level) and then wait for news to know how the market will complete the structure !
BTC-USD is touching now a quiet interesting zone and it's much expected to bounce to the upside and more push ! As we all know, the U.S president has signed an infrastructure Bill of almost 2Tr $ and this has impacted all currencies as BTC is on the top ! Also a good market structure never only go up, it needs much corrections to push up more (check the same...
DISCLAMER: THIS ISN'T A SIGNAL. BTC is Long term Bullish as it seems, the support zone is very strong and from a technical side, it's a bull market until now (Long term). BTC also just broke a strong resistance
GBP USD has just broken an interesting support zone and turned it into resistance, which means we are probably looking for a potential move to the downside to get the 3 levels if Fib retracement.
checking the daily time frame, need to break below the strong support, then turn it to a strong resistance, after this it should be retest the resistance then potentially go to the downside.
