Settings
Light Theme
Dark Theme

Todd "Bubba" Horwitz - Selling Pressure for Gold and Bitcoin #4398

Todd "Bubba" Horwitz -  Selling Pressure for Gold and Bitcoin #4398
Jul 1, 2019 · 20m 7s

Gold and Bitcoin have seen some selling pressure over the past couple of days. Gold peaked on Monday and Bitcoin late on Wednesday. The key reversal patterns were unmistakable in...

show more
Gold and Bitcoin have seen some selling pressure over the past couple of days. Gold peaked on Monday and Bitcoin late on Wednesday. The key reversal patterns were unmistakable in both. The metal and the crypto both made recent highs and had dramatic sell offs from the highs. On Monday as it looked like Gold was going to the moon and traded as high as 1442, though it fell apart falling about 3% since. Our target remains 1380-1390, which should be the lows of the current down move. In identical fashion, Bitcoin was exploding on Wednesday making 3-year highs before reversing 2% from the highs. These patterns are common in all markets, traders and investors chase markets higher on the fear of missing out or short covering. Once markets regain equilibrium, they usually consolidate looking for support or resistance. In this case, both gold and bitcoin are searching for support. Both markets should resume there upward momentum after finding support, Gold 1380-1390 and Bitcoin around 10,000.
show less
Information
Author Kerry Lutz
Website -
Tags
-

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search