Gold Builds Buy Setup, Is Bitcoin Next? | Crypto Craft

  • Gold Builds Buy Setup, Is Bitcoin Next?

    From ino.com

    Gold dropped within two visible legs close to the area of 61.8% Fibonacci retracement level located at $1,738. The second leg down has overshot the size of the first leg reaching almost 1.272 of its distance. The RSI has shown two legs down either. Initially, the 50 level in the indicator’s sub-chart acted as a support, and then it turned resistance for the joint between two legs. Last Friday’s bar could be a turning point as no fresh low has been established on that day. The buy trigger is located at the top of the joint between two legs down at $1,809. When the trigger is activated, consider limiting the risk ... (full story)

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Not-KPMG
Sep 20, 2021 12:56pm
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Let's see how many schmucks read, but not one braincell to comment???

52 so far
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Not-KPMG
Sep 21, 2021 10:41am
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Not a braincell was used in the above blaaaaaaa text



167 so far. Still waiting 😳😳🐒
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Trader#7A2B
Sep 20, 2021 6:10pm
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Bitcoin is persistent lower, and overall does not appear to have a bright future near-term (maybe even medium-term). But it is in range in very high places and could sustain a flat line in such places (MN/WK), which does not say much for its direction if that is the case (longer-term that is). But it is a market and could just up and tank like Gold. Gold is defining a saddle just now (middle behaviours) but should remain persistent lower. Again it is a market and it is not about what anyone thinks or guesses (no marks especially for prediction), it is particularly about timing the next big move accurately enough to profit well (and doing so with some consistency).

The Crow (-_-)
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