Morning all. Another green week for Bitcoin but I’ve noticed a change in sentiment starting to appear and I’m wondering if we now need to get ready for a correction. Price managed to clip $16,500 during the week and it’s really been on a tear since it left the $10,000 […]
OldMoneyNewMoney
13 posts
Morning all. Interesting chart from Bloomberg looking at the performance of $GOLD and $BTC I’ve added the Magenta lines to show the previous period where Gold outperformed Bitcoin and how it was Gold that consolidated while Bitcoin then played catch-up. Right now we have a similar divergence and it’s an […]
Morning all. Only about 10 hours left until the $BTC halving and already we’ve seen quite a correction take place. There were 2 attempts to challenge $10k but that level was rejected and lead to a near 20% correction. One of the big issues I see from watching this market […]
Afternoon all. $BTC countdown now under 10 days! Not a great deal to add, but last time I mentioned that it looked good for Bitcoin and the altcoins if the positive sentiment driving stocks was maintained. Well, to that point, on the evening the US stocks futures for the $NSDQ100 […]
Afternoon all. $BTC just ticked under 2 weeks to go until the halving and price has been on the up since my last post, the whole crypto sector doing quite well in tandem with global risk appetite returning. For example, the $SPX500 is up 13.10% this month and Bitcoin is […]
Afternoon all. Been a while since I posted here so hi and best wishes to anyone still visiting the wall. We’re now at less than 20 days to the Bitcoin halving and the situation is strange at the moment, with interest in crypto investing/speculation probably quite low on the list […]
This past week has not been kind to Gold or any of the other precious metals. At a time of distressed global markets, many have fled to Gold for it’s reputation as a good ‘safe haven’ during times of trouble. For anyone seeking refuge in the warming light of Gold […]
Morning all. Nice candle on Bitcoin yesterday finally took price away from the 200d moving average after 4-5 days of hovering around that area and looking quite indecisive as to which direction it wanted to move. I’m glad the 200d ma has held as it helps keep that Golden Cross […]
Evening all. Time for another look at $BTC and this time I’ve moved up to the weekly chart. A few days ago the daily 50ma gave way and there was a rapid test of the 200 day ma. Both failed unfortunately and I feel that the bullish picture is now […]
Morning all. Just a quick update to look at $BTC as it has decided to come down and test the 50 day moving average, as I hoped it would, and we have some buy orders that have been triggered during this test and move through that level. The 200 day […]