as per our previous analysis price hold the support and went up now we are looking for short entry on previous resistance levels
we are out of dump territory for now since price bounced very aggresively on 31k we have new support level for watch for , for now we are going up
either we broke the resistance and go up GOD knows where or we correct and loook for support for next moves
we broke previous day resistance now since we are again in no technical zone , only thing we have is now support to buy again FOLLOWING ARE IMMEDIATE SUPPORTS TO KEP IN MIND 27750 27000 26190 23500 22850
as my previous analysis i was short on two point but unfortunatley thing took wrong turn and my stop loss was hit both time but for now since btc is out of all major support resistances levels we cant predict nnew high low but intraday volume tell us if we close above 27600 we will contunue uptrend but closing below will trigger bearish behaviour with support...
i am unfortunately still short with tight stop loss of todays high that is 25907 . good luck
corrrection due with level to keep in mind as support are following 23500 , 23050 , 22850
i strongly think bitcoin will go down since a long correction is still due on daily weekly and mothly i will trade under two scenerios rejection on upper line and clouse below downline line on hourly
here is very good reason uncertainity surrounding dollar is almost over Biden won the electoral election quite nicely time to buy USD and sell GOLD & BTC :) thank you
Gold is swinging with high volatility expect the downward movement as it went up day before yesterday there is no reason to open any long position here
Keeping net long position in mind we still expect a decent drop in gold this week only reasonable thing to do is buy again cheap only
think differerent uncertainity doesnt always mean gold should go up this time if global lock down occurs , i am damn sure gold will go down , why .... people nned money to buy food and groceries to survive few months , and market sentiment with money taken out of gold will drag gold down for now to buy cheap again
Its getting very interesting now USD is not losing bullish stream every time it try to retrace , bulls adds more power to drive up . we belive USDDJPY wants to hit 114 mark first or maybe later 119
as you all witnessed trump will keep pumping money to keep dollar high for now gold is expected to go down
THIS IS PROBABLY LAST CHANCE TO BUY EVERY CURRENCY AS CHEAP AS NOW TO RIDE FOR FULL YEAR
We are looking at markets and waiting for potential long term buy on GBP GOLD EURO XPT XPD pairs Bonus pairs AUD NZD pairs
Gold is hot right now dont fall for any fancy fibs waves and moving averages its purely moving on institutional money i wont risk my money betting on gold gold is looking at 1399 mark
Just think smart here last time you will buy gold cheap now , it has brought down to fill loads of bags , keep eyes on 1450 level if break we keep going down to 1390