jeudi, février 25, 2021
  • Our partners
  • Our team
  • Our editors
  • Contact
No Result
View All Result
rzo logo
Advertisement
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • RZO COIN
  • Shop
  • Magazine
    • All
    • Audio
    • Camera
    • Laptop
    • Smartphone

    Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

    National Academy of Sciences endorses embryonic engineering

    Jack Dorsey says he’ll continue running both Square and Twitter

    Fujifilm X-T2 review: The definition of a great camera

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
    • Gaming

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      The Analogue Nt Mini is the perfect NES console for video game lovers

      GoPro’s Karma drone is back on sale after design flaw made them fall out of the sky

  • News

    National Academy of Sciences endorses embryonic engineering

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    Fujifilm X-T2 review: The definition of a great camera

    The Analogue Nt Mini is the perfect NES console for video game lovers

    Using a mind reading device, ‘locked-in’ patients told researchers they’re happy

    Watch Cruise’s self-driving Bolt EV navigate smoothly to SF’s Dolores Park

  • Formation
  • EBOOKS
  • Trading
    • eToro
  • EXCHANGES
    • BLOCKCHAIN
  • Security

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    • Computers

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Fujifilm X-T2 review: The definition of a great camera

      Shopify CEO attempts to defend continued hosting of Breitbart’s online store

      SpaceX targets February 18 for Dragon resupply mission to ISS

    • Applications

      Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Jack Dorsey says he’ll continue running both Square and Twitter

  • 🇺🇸
    • 🇨🇭
    • 🇫🇷
    • 🇬🇧
    • 🇨🇦
    • 🇷🇺
  • Home
  • RZO COIN
  • Shop
  • Magazine
    • All
    • Audio
    • Camera
    • Laptop
    • Smartphone

    Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

    National Academy of Sciences endorses embryonic engineering

    Jack Dorsey says he’ll continue running both Square and Twitter

    Fujifilm X-T2 review: The definition of a great camera

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
    • Gaming

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      The Analogue Nt Mini is the perfect NES console for video game lovers

      GoPro’s Karma drone is back on sale after design flaw made them fall out of the sky

  • News

    National Academy of Sciences endorses embryonic engineering

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    Fujifilm X-T2 review: The definition of a great camera

    The Analogue Nt Mini is the perfect NES console for video game lovers

    Using a mind reading device, ‘locked-in’ patients told researchers they’re happy

    Watch Cruise’s self-driving Bolt EV navigate smoothly to SF’s Dolores Park

  • Formation
  • EBOOKS
  • Trading
    • eToro
  • EXCHANGES
    • BLOCKCHAIN
  • Security

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    • Computers

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Fujifilm X-T2 review: The definition of a great camera

      Shopify CEO attempts to defend continued hosting of Breitbart’s online store

      SpaceX targets February 18 for Dragon resupply mission to ISS

    • Applications

      Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Jack Dorsey says he’ll continue running both Square and Twitter

  • 🇺🇸
    • 🇨🇭
    • 🇫🇷
    • 🇬🇧
    • 🇨🇦
    • 🇷🇺
RZO Magazine : Formation Ebooks Crypto univers
No Result
View All Result

Bitcoin Could Be Mirroring This Extremely Bullish Gold Fractal from the 1970s

by
novembre 28, 2020
Bitcoin Could Be Mirroring This Extremely Bullish Gold Fractal from the 1970s
Share on FacebookShare on Twitter



  • Bitcoin is currently caught within a strong upswing following its recent selloff
  • Bulls are pushing the crypto towards $18,000 as they move to erase its recent losses
  • Where it trends next will depend largely on how sustainable this ongoing move higher is
  • One investor is now noting that a gold fractal from the 1970s seems to indicate that this selloff could be followed by a powerful push higher in the days and weeks ahead

Bitcoin and the entire cryptocurrency market are currently caught within a strong uptrend that has come about just a day after the cryptocurrency witnessed a massive inflow of selling pressure that caused it to erase a good portion of its recent gains.

Where it trends next will likely depend largely on whether or not buyers can push it back above $18,000. Reclaiming this level could provide a strong new support base to grow upon.

It could confirm a “V-shaped” recovery from its recent lows, potentially allowing it to see a strong upswing that pushes it beyond its previous all-time highs in the upper-$19,000 region.

It could also confirm that a gold fractal from the 1970s is in play, allowing it to see some significant upside.

Bitcoin Shows Signs of Strength as Bulls Target $18,000 

At the time of writing, Bitcoin is trading up just over 3% at its current price of $17,700. This marks a serious upswing from its recent lows of $16,400.

These lows were set at the bottom of the recent market-wide selloff, which came about shortly after BTC faced a rejection around its previous all-time highs of $19,500.

The selling pressure seen here drove it significantly lower and could indicate that further downside is imminent.

This move was also perpetuated by a surge in regulatory fears due to recent comments from U.S. Treasury Secretary Steve Mnuchin.

Prominent Investor: BTC’s Latest Dip Could Confirm Bullish 1970s Gold Fractal 

Su Zhu, a prominent cryptocurrency investor and the CEO of Three Arrows Capital, explained in a recent tweet that the ongoing Bitcoin dip could be bullish because it puts in play a gold fractal from the 1970s that suggests immense upside is imminent.

“Any continued dump in BTC would be extremely bullish as it would reveal we are following the gold fractal from the 1970s, as per below by Paul Tudor Jones–the legendary macro investor who successfully used fractals to predict the 1980s stock market supercycle.”

Bitcoin’s upcoming weekly candle close should provide some insights into where it is trending in the mid-term.

A close above $18,000 could put the trend back into bulls’ control for the week ahead.

Featured image from Unsplash.
Pricing data from TradingView.





Source link

Tags: 1970sBitcoinBullishExtremelyFractalGoldMirroring

Laisser un commentaire Annuler la réponse

Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Recommended.

Ether Tops $1.7K, Setting New Record as CME Futures Launch Nears

Ether Tops $1.7K, Setting New Record as CME Futures Launch Nears

février 5, 2021
FCA bans the sale of crypto-derivatives to retail customers in the U.K.

FCA bans the sale of crypto-derivatives to retail customers in the U.K.

novembre 21, 2020

Trending.

Developers Implicated in Alleged Smart Contract ‘Rug Pull’

Developers Implicated in Alleged Smart Contract ‘Rug Pull’

décembre 2, 2020
Bitcoin Chartists See Price Hitting $70,000 After Tesla Crypto Purchase

Bitcoin Chartists See Price Hitting $70,000 After Tesla Crypto Purchase

février 9, 2021
Multiple Analysts Look at $400,000 as Bitcoin’s Ultimate Bull Stop

Multiple Analysts Look at $400,000 as Bitcoin’s Ultimate Bull Stop

février 10, 2021
Bitcoin Eyes $20K-Breakout as Morgan Stanley Predicts Dollar Crash

Bitcoin Eyes $20K-Breakout as Morgan Stanley Predicts Dollar Crash

décembre 3, 2020

GoPro’s Karma drone is back on sale after design flaw made them fall out of the sky

octobre 19, 2020
RZO Magazine : Formation Ebooks Crypto univers

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Catégories

  • Apple
  • Applications
  • Audio
  • Camera
  • Computers
  • Gaming
  • Gear
  • Laptop
  • Microsoft
  • Photography
  • Review
  • Security
  • Smartphone
  • Uncategorized

Étiquettes

AllTime Analyst Analysts Apple Watch 2 Bank Best iPhone 7 deals Bitcoin Bitcoins Blockchain BTC Bull Bullish Buying Guides CEO CES 2017 Coinbase crypto Data DeFi Digital Ether Ethereum Exchange fund Heres high Highs Hit Hits investors iOS 10 iPhone 7 launch Market Mining Mover Options Playstation 4 Pro Price Rally Record Sillicon Valley Trading Wrap XRP

Recent News

Raise $1bn to Buy Bitcoin, Jim Cramer Tells GameStock (GME) Board

Raise $1bn to Buy Bitcoin, Jim Cramer Tells GameStock (GME) Board

février 25, 2021
Bitcoin Gains on Fed’s Infinite QE, Johnson and Johnson Vaccine Progress

Bitcoin Gains on Fed’s Infinite QE, Johnson and Johnson Vaccine Progress

février 25, 2021
  • Our partners
  • Our team
  • Our editors
  • Contact

© 2020 All rights reserved RZO COIN Website created by Olivier Obé with Wordpress

No Result
View All Result
  • Home
  • Review
  • Apple
  • Applications
  • Computers
  • Gaming
  • Gear
    • Audio
    • Camera
    • Smartphone
  • Microsoft
  • Photography
  • Security

© 2020 All rights reserved RZO COIN Website created by Olivier Obé with Wordpress

en English
nl Dutchen Englishfr Frenchde Germanes Spanish