Gold may pullback on risk appetite and if the G20 and Trump/Xi meetings have positive results.
If current global market condition persist and risk aversion stays in the market, Bitcoin may just test $10,000 if FOMO hits. It is currently acting like a safe haven asset in times of uncertainty. The result of G20 meeting and Trump/Xi meeting may affect Bitcoins trajectory. If these meetings does not end well, then that may just provide more fuel for Bitcoin to...
We are long now bitcoin. Please see the explanation on the chart.
Which one will win... Facebook does have an advantage.. 2.3+ Billion customers!!
Trump not imposing tariff on Mexico may bring some risk on sentiment in the market at least short term which may affect bitcoin. $7500 needs to hold.. otherwise $7000 will be in sight!!
Just something to keep in mind for the next few weeks on Bitcoin price action..
Looking at 7600 now for a target on the short side
Watching 8500 resistance level for a possible short
Maybe a short term pull back on bitcoin is due. The run up was to quick in to short of time.
Goldman news really threw a monkey wrench on bitcoin price. We don't see any positive news on the horizon coming out nearterm thus we see bitcoin testing our danger zone area.
Watching the longer timeframe down trendline for any break. A sustained break above may turn the sentiment to bullish. $6000 is a key support level. If broken and price stays below with volume then 1st target on the downside will be $5000 with an extension to $4500
Here's my latest midterm target on eurusd.. Watching the Turkey situation.. if it gets worse then contagion fear into the Eurozone will add to risk aversion and weaken euro.
Looking for a retracement to the 50% fib level at 1.79 - 1.80 area.