stingotho

This is linked to my NAS idea where the market is slowly shifting to a Risk-on environment. I see a nice potential for a bullish BTC price action shift. We may have found the bottom for the new bull run. Technical observation:1. We recently formed a cup and handle.2. A visible head and shoulder on the cup and handle. 3. Exit on the bearish trend channel with the formation of a new bullish trend channel.4. 50% fib level looks promising.

XAUUSD has been seeing a huge massive buy pressure. Gold is an asset that is very tricky to short. When in doubt go long gold. Economically speaking, Gold is notorious for its safe haven status. When economy is struggling and scared, central banks rush towards safe haven assets such as Gold, CHF, JPY and so on. Why do I say the economy is struggling? Well, if we look at the US economy it is in chaos with the recent trade wars against pretty much everyone including its neighbors such as Canada and Mexico. The trade war is escalating into a bigger scale week after week and we haven't even witnessed the bigger impact, yet. Euro has gained attraction due to the bond increase strengthening the Euro. This is due to many factors but one of the main factors is due to the escalating tension between Ukraine and Russia.

BTC is just like NASDAQ reacting bearish but there is an important catalyst to it which is the hack incident that happened last week. This is bearish to investors because it is a threat for them to keep their money in crypto since they are susceptible for breach. I think if BTC falls below the support at 88,000$ then we could finally see the appropriate price correction. BTC bull run season is probably at the end of it and we will have to wait for the next halving event and another catalyst in the Crypto space.

ETH recently had a major hack incident. I don’t think this will be good for ETH and also I noticed BTC has been slowly declining to the downside. Economy has been shaken recently shifting towards YEN so smart money is probably pulling out of crypto and going towards yen, bonds, and gold.I took profits a little earlier but now I don't know what ETH will do. The whole entire market is at a tipping point. We are waiting for NVIDIA earnings and we are waiting for Trump's Knox Gold Check up and we are also waiting and worried about Tariffs, inflations, and rate cuts. Everything is extremely risky if you ask me except for the Yen pairs. Specifically the CHFJPY pair.I noticed when you hit the play button it moves only a little bit into the stop loss area but checkout the 4 hours or daily and the trade actually went into profit. I am no long in this trade and don't wanna continue trading it until we have a very clear trend.

Fundamentally, gold is mostly bullish as a safe-haven asset. We have many factors pushing the gold price up. The main reason why it is going up is because there is fear in the market. We have lost count on how many factors that pours into the "fear" factor. But as long as fear is present in the market and economy then Gold's 3000$ psychological price target is very feasible and positive no matter what the price action says. Edge finder scored a "very bullish" score on gold. Any dips, will buy.