Hi traders, I have my first target set at around $7600.
Here's why.
Bitcoin.
After days of shameless "Death Cross" FUD, Bitcoin is having a decent rally down from its low at $6400 but it remains to be seen if this momentum will be sufficient to carry us into bullish territory;
I drew two scenarios based on volume profile and trend-lines, my bias is still bearish until proven otherwise which means that I'll be selling at tight targets in cash and not in Bitcoin.
Silver.
- Silver looks like a very decent buy on the chart with clear accumulation, I am likely to hedge some of my crypto gains from last year in that and gold (as investment) in case stocks go bear and money starts flowing into precious metals.
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That's it for today,
Cheers.
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What Determines Bitcoin Prices?
https://www.tokens24.com/cryptopedia/coin-guides/determines-bitcoin-prices
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Good analysis. I am thinking the current bounce in bitcoin won't be sustained. Looking to enter on the next dip.
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Hopefully there will be on since I still have tons of cash to invest :D @rhyscn
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You and me both brother!
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Nice!
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Interesting silver comment..and stocks do look shaky. Would you buy bullion coins or contracts? Nice BTC bounce..another good call :)
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Hi @scalerman, I'd rather buy contracts because I don't want the burden of storing the silver myself :D
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