Karabo_michisi-29
@t_Karabo_michisi-29
What symbols does the trader recommend buying?
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Karabo_michisi-29
Bitcoin failed to break it's high located at 31K instead it formed a possible double-top which will be valid when price breaks below 25K and I see price falling to 16k if not 20k. In my knowledge as I look at the business cycle it seems to me that we are going into a recession which will confirm why bitcoin couldn't break higher.
Karabo_michisi-29
As recession fear starts to kick-in, bitcoin is seen struggling to crack its ceiling located at $31k. Despite the fact that the fundamental's are not looking positive technically we still bullish.bitcoin as we press the play button its clear that its time to start taking profit.
Karabo_michisi-29
Karabo_michisi-29
Gold looks attractive technically speaking but I see it breaking below trend due to a strong dollar so lets be careful as I don't see it buying.gold broke uptrend and formed head & shoulders pattern, it looks like we might see it drop down to 1800.00
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