As Dowjones will be down from here, Bitcoin will be down too!!!
I believe that Dowjones will be down to 27500! This is because of rising Dollar Index to 115. Lets see what happens!
Based on the cycle of short-term and long-term analysis of Gold, the Dollar index and the 10-year US interest rate, in my opinion, Gold can rise in the short term to the price range of 1900$. Then the price of 1770$ can fall. Let see what happen.
Based on the analysis based on the cycle of analysis, on the behavior of the Dollar chart and the EURUSD chart, I expect a temporary uptrend and then the continuation of the EURUSD downtrend.
My cycle analysis indicates a period of downtrend in GBPJPY. For the short and long term, I have set my targets.
In the course of the previous analysis, the Dow Jones Industrial Average is still moving towards the first target in the range of 34,000. This chart shows how to reach this target.
Given that the Dow Jones FOREXCOM:DJI downtrend is over, I expect an uptrend to the 34800 to 35000 price range. In this region, the uptrend is reversed and the downtrend will begin again. Happy Trading
For almost 9 months, Bitcoin has found positive correlations with S&P500, Nasdaq and Dow Jones. I consider bitcoin to be a profitable business. For this reason, according to the Top Down Approach method, when the SP stock index reaches the lowest possible price in a cycle, I buy bitcoins and a basket of altcoins. Whenever, according to my previous analysis, the SP...
After reaching the target in the previous analysis and confirming the reverse trend from downtrend to uptrend, according to my new analysis, we should reach a good target in the #S&P500 CURRENCYCOM:US500 around 4400. After that, it will reverse the uptrend to the downtrend again. Based on these trends and according to the Top Down Approach method, a basket of US...