Calls for Bitcoin Breakdown Grows amid Global De-Risking Sentiment
Bitcoin prices jumped during the European trading session on Monday even though traders assessed the potential of its massive declines against a stronger US dollar.
The flagship cryptocurrency topped at $31,935, up 5 percent ahead of the New York opening bell. Traders flocked back into the BTC/USD markets after the pair breached $30,000-support on Wednesday. The said level has a recent history of accumulation, illustrating that investors find it attractive to purchase Bitcoin around it.
Nevertheless…
Analysts noted that the $30,000 level’s repetitive testing as support weakened its ability to hold the bears. Some spotted the formation of a so-called Descending Triangle, a technical setup that signals the end of an uptrend. On the other hand, many called any potential breakdown an opportunity to “buy the dips.”
Bitcoin, Ethereum Outlook: ETH Poised to Outperform BTC in Near Term
2021-01-26 00:00:00
Daniel Moss,
Analyst
Bitcoin, Ethereum, Cryptocurrencies, BTC/ETH Ratio, Technical Analysis – Talking Points:
Ratio analysis suggests that Ethereum will continue to outperform Bitcoin in the near term.
Ethereum poised to continue pushing to fresh all-time highs as price remains constructively poised above key support.
Bitcoin prices are consolidating within a Descending Triangle pattern. Is a topside breakout on the cards?
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Bitcoin prices have tumbled in recent weeks, falling as much as 31% from the record high set on January 8 (41969). Meanwhile, Ethereum has continued to aim higher, with second-most popular cryptocurrency gearing up to exceed its respective all-time high.
Precious Metals Analysis: Gold and Silver Buoyant as Real Yields Fall
2021-01-21 03:00:00
Daniel Moss,
Analyst
Gold, Silver, Janet Yellen, US Real Yields, XAU/USD, XAG/USD – Talking Points:
Precious metal prices may continue to outperform in the coming months on the back of fiscal stimulus hopes and falling real yields.
Gold poised to extend recent gains after clambering back above the trend-defining 50-MA.
Breach of Descending Triangle pattern hints at further upside for silver prices.
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Gold and silver prices have recovered lost ground in recent days, climbing 3.8% and 7.6% from their respective monthly lows on the back of falling real yields and a weaker US Dollar. This push higher in precious metal prices looks set to endure in the near term, as President Joe Biden’s pick for Treasury Secretary Janet Yellen pushes for additional deficit spending to bolster the nation’s nascent economic recovery.
Precious Metals Price Analysis: Gold and Silver to Extend Climb Higher 2020-12-21 01:00:00 Daniel Moss, Analyst
Gold, Silver, Precious Metals, XAG/USD, XAU/USD – Talking Points:
Gold prices eyeing a push to test Descending Channel resistance.
Silver poised to extend recent climb as prices carve out a Bull Flag continuation pattern. Advertisement
As mentioned in previous reports, gold and silver prices look set to the extend their respective rebounds higher as bullish technical setups begin to take shape across multiple timeframes. Here are the key levels to watch for both precious metals.
Gold Price Daily Chart – Eyeing Descending Channel Resistance
Australian Dollar Time Cycle: Breakout Year Ahead for AUD/USD Rates
2020-12-14 01:00:00
Daniel Moss,
Analyst
Australian Dollar, Time Cycle Analysis, AUD/USD, Technical Analysis, IGCS – Talking Points:
Time-cycle analysis suggests the Australian Dollar may continue outperforming the haven-associated US Dollar over the next 12 months.
However, the daily timeframe hints that a short-term pullback could be in the offing.
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The Australian Dollar’s 37% surge from the March doldrums may prove to be the start of a prolonged period of strength against the US Dollar, as time-cycle analysis suggests 2021 could be a breakout year for the trade-sensitive currency.
AUD/USD Monthly Chart – Cyclical Upturn Afoot