More bad news for crypto and risk assets; Gold is trending towards new highs and in current market conditions there is no sign of stopping. I dont trade gold, I stay with crypto but if you do; XAU/USD is looking very bullish.
For the crypto (and risk assets / stock) bulls there will be light at the end of the tunnel but keep in mind we have just entered the tunnel. However this tunnel will lead to a revamped crypto space with an insane super cycle coming. So lets wait for the light and I will flash bullish signs as soon as they come. For now; sit tight in safety and be patient and watch out with this choppy market; don't fomo into trades up or down.
IMPORTANT: trade or invest based on your own risk and research.
For the crypto (and risk assets / stock) bulls there will be light at the end of the tunnel but keep in mind we have just entered the tunnel. However this tunnel will lead to a revamped crypto space with an insane super cycle coming. So lets wait for the light and I will flash bullish signs as soon as they come. For now; sit tight in safety and be patient and watch out with this choppy market; don't fomo into trades up or down.
IMPORTANT: trade or invest based on your own risk and research.
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FYI: gold is a leading indicator for the markets. When gold is trending up; investors are fleeing to safety away from risk investments (such as indices or crypto) into a safe store of value which today still is gold. (unfortunately not BTC)
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