marcoZarde
@t_marcoZarde
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marcoZarde
my short term vision for this asset is buy. No rumors or signal for bear market
marcoZarde
Bitcoin recently made a new high, but with the entire market also at extreme levels, I don’t see strong reasons for another breakout just yet. For now, I’m watching a possible liquidity grab up to at least $90K — and from there, we’ll see. This trade is currently supported by both technical and fundamental factors.
marcoZarde
Last chance for a short position while awaiting positive news today, tomorrow, and next week. With the American markets reaching new highs and encountering strong resistance created when the Chinese bank was massively purchasing gold, I believe that with favorable news, there is room for a drop down to the 2200-2160 area. Above 2394, I think that the break of 2400 will be automatic, and further gains are expected above that level.
marcoZarde
The price of gold has risen from 2000 to 2400 mainly due to two factors: the war in Ukraine and the massive gold purchases by the Chinese national bank. The bank announced a week ago that it would halt its purchases. The war is no longer an issue. Barring negative global events, a break of gold below 2269 would lead to a target of 2114 in the medium term. When news about the US elections begins, gold will surely return to prices between 2300-2500.
marcoZarde
the banks have entered the price level between 25 and 30 thousand, but if you believe in bitcoin you will have to believe it even when it raises this level and there will be panic. More panic. bitcoin runs in two-year cycles, remember this.
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