edwnjos99

edwnjos99

If you look at the fundamentals, its looking really good. As a hedge against our financial system, gold is in great demand amidst the trade war, us-iran tensions, fed rate cuts (suggesting imminent recession) etc. Now if you look at the technicals, its also looking really good. We just broke a major long term resistance around 1380. With both TA and fundamentals,...

edwnjos99

Amidst the US-Iran crisis and the expected cut from OPEC next week, it is very likely that the breakout will go up. Breakout is gonna happen very soon (maybe has already started). This might be prevented in the short term if the API news is negative. note: im a noobie, this is my second published chart.

edwnjos99 Updated 

note: Im a noobie and this is my first charting attempt. Although a lot of the ideas seem suggest a breakout to the downside, this is an alternative and from the way bitcoin has been acting lately I think it is probable. Regardless, there is a wedge forming so we will know soon. What do you guys think?