Yesterday was quite a day that shook investors, especially cryptocurrencies. Especially when the Fed will announce plans to increase interest rates. But I'm not going to get into that much of that.
This time I will review what I found in the market based on technical analysis.
As I discussed earlier regarding the king of cryptocurrencies, namely Bitcoin, the decline is very obvious. Although at the moment we can see that Bitcoin seems to be back up, it actually emphasizes the signal of its decline.
As traders we just have to look at other opportunities apart from Bitcoin. I specifically say Bitcoin, because other tokens broadly always follow the direction of Bitcoin's price.
I see Gold is still very promising as an instrument to invest. From the chart above, I can conclude that the uptrend is very obvious. This Bullish will still continue up to the level of 1868.3.
From 1h, 1D, even 1W timeframes, the bullish signal is clearly visible.
I predict the maximum level that this bull can reach is at the level that I marked as red line.
Let’s see what’ll happen next
This time I will review what I found in the market based on technical analysis.
As I discussed earlier regarding the king of cryptocurrencies, namely Bitcoin, the decline is very obvious. Although at the moment we can see that Bitcoin seems to be back up, it actually emphasizes the signal of its decline.
As traders we just have to look at other opportunities apart from Bitcoin. I specifically say Bitcoin, because other tokens broadly always follow the direction of Bitcoin's price.
I see Gold is still very promising as an instrument to invest. From the chart above, I can conclude that the uptrend is very obvious. This Bullish will still continue up to the level of 1868.3.
From 1h, 1D, even 1W timeframes, the bullish signal is clearly visible.
I predict the maximum level that this bull can reach is at the level that I marked as red line.
Let’s see what’ll happen next
