gold going higher
My new "important line" is in the 1367 area. A weekly number that represents big resistance but now in my opinion a MAGNET.
Why?
Bitcoin cracks in the wall, with China and more shoes to drop/.
Yes people want an alternative currency.
Bitcoin "may" be beneficial someday. Ethereum May be also., possibly LiteCoin and Monero.
other than that??? who can see any utility at all in over 100 Cryptos.
It's a ponzi. The exchanges in my mind are under-capitalized.. as far as cash goes.
If the buying stops where are these exchanges coming up with CASH?
I see Bitcoin breaking through 4500 and ultimately testing 4100 then 4000 soon.
Gold and silver are going to benefit from this.
The COT report on the surface appears topping. But wise guy support can go another couple weeks I think.
Silver definitely good value here.
Gold to the magnet of weekly resistance 1367
Why?
Bitcoin cracks in the wall, with China and more shoes to drop/.
Yes people want an alternative currency.
Bitcoin "may" be beneficial someday. Ethereum May be also., possibly LiteCoin and Monero.
other than that??? who can see any utility at all in over 100 Cryptos.
It's a ponzi. The exchanges in my mind are under-capitalized.. as far as cash goes.
If the buying stops where are these exchanges coming up with CASH?
I see Bitcoin breaking through 4500 and ultimately testing 4100 then 4000 soon.
Gold and silver are going to benefit from this.
The COT report on the surface appears topping. But wise guy support can go another couple weeks I think.
Silver definitely good value here.
Gold to the magnet of weekly resistance 1367
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