Gld currently in a consolidation phase. Forming a cup and now handle, a breakout gives a price target of 260$ with a stop at the bottom of the handle at 245$ this gives a 3:1 risk reward trade set up. And a new ATH for GLD
PEAQ is looking for a bottom while getting many signs of a reversal. Momentum is moving up, and trend strength is going bullish. The price is making a small structure however at this point any pullbacks should be considered opportunities. Invalidation is the previous lows.
Bitcoin was born in 2009 in a 0-interest rate environment. This extremely speculative environment allowed assets like bitcoin to make crazy gains as loose monetary policy following the 2008 financial crisis gave everyone free cash to over-inflate asset valuations. Interest rates are no longer at 0 and are only climbing higher. This shakes the underlying foundation of speculative markets like bitcoin that enabled this crazy growth in the first place. In 2022 when the feds hiked interest rates aggressively for the first time in bitcoins lifetime, bitcoin dumped 75% in a single year. This was only a small taste of how the feds can affect these speculative markets and as they hike rates higher and higher Bitcoin will only aggressively dump more. I think 5k-20k is a fair value range for Bitcoin. Also there is a massive double top.
Following previous analysis, we were able to accurately identify market's recent top and chose proper sell strategy afterwards. The retest of the 4.35% - 4.70% has turned into a consolidation pattern with two possible scenarios ahead: yellow path as the main scenario and the white path as the alternative scenario. In fact if the next possible rise in USDT dominance shows a weak momentum, the yellow path and an altseason/party is expected to occur.
Gld currently in a consolidation phase. Forming a cup and now handle, a breakout gives a price target of 260$ with a stop at the bottom of the handle at 245$ this gives a 3:1 risk reward trade set up. And a new ATH for GLD
The U.S. government stated that over 94,000 bitcoin stolen in the 2016 Bitfinex hack should be returned to the crypto exchange.
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