Here is our new November fundamental report on BTC with price forecasts from Bloomberg, Citibank, JP Morgan. Major events of the month and our view on long-term perspective of cryptocurrencies.
Technical short-term view suggests no deep retracement but upward continuation to...
Good morning everybody,
Our suggestion is that market overreacted on vaccine news, treating this like desirable event already has happened while it is not. This makes us think that with perspective of 1-3 months gold has chances to show significant upside bounce above 1900 area:
EUR holds bullish context but some uncertainty stands with the way how upward action continues - either it will be direct breakout or pullback to 1.18 area first.
Today we discuss few ways how we could escape this problem and not miss the action
First of all we wish our US members Happy Thanksgiving and nice time with families.
Concerning EUR - our recent setup is done well and now we keep an eye on 1.1940-1.1960 area, whether it will be broken or EUR will show another pullback:
Bitcoin has ignored all potential setups for retracement within recent 1-2 weeks. Now, as it stands very close to previous top and our weekly XOP ~21070$ - retracement has even less chances to happen. That's why we consider setup on hourly chart to suggest how upward action could...
Gold relatively fast has reached our primary support area on daily chart. So bears have a headache what to do with position, while bulls should sit on the hands and wait for clear reversal activity on intraday chart - currently we do not have any:
Gold is drifting lower, according to our technical picture. We suggest that major background of this action is US election scandal that spinning up. The leading US agencies reports about fraud of Dominion system and other cases. Few J. Biden representative persons are under arrest.