After G20, it’s time for leaders to take one week off. This would be a “petitionary week”, especially for USD dollars.
Not many news, only from CAD & USD. For CAD I preferer to wait. There’s something I don’t like on chart. But for USD , this would be a great week for them. With falling of Bitcoin and all others crypto currency…people should bring back they money in USD. Plus, good news coming for USD.
First…let’s go over BTC and crypto. Last week I mention the importance about G20 and how Crypto would be react. Even if no one did talk about publicly…we clearly can see how it was affected by G20. With…the Head Fake which was mentioned.
There’s any future in Crypto?
Well we went from over 100 b. to 79 b. And no one get in.
At least there’s no big players. This it’s why I mention about “bitco-mania”. The only good news, this currency will keep existing, but it’s not sexy any more… at least not for current period.
So what to do, if we bough at 2400.00 or above and BTCUSD frop bellow 2115.00?
My opinion …Hold & Pray or Sell & Cry.
….nothing to say, just wait for your entry point.
I love this one, mentioned by Joel Wissing few weeks ago, we still going Up. Now…what I can see, we are moving from “W” pattern to “W iiinnneeerrrsss” pattern. Enjoy your profits and smile.
End of “flag down”, looking to go back to last tops and at the same time, make USD dollars move up.
Waiting for tomorrow to see how thing will be placed to find my entry. For now…it’s to soon.
Have a nice one everyone