Monday, August 8, 2022

Bitcoin is on the Rise, Oil Might Drop

Bitcoin is on the rise. The asset is about to undergo correction soon. Bitcoin should gain the required support at the level of 23400, which is located next to the uptrend and broken bullish flag.Gold has pulled from the downtrend, trying to drop. Gold is likely to pull back from the broken monthly downtrend denoted by the thick blue line on the chart.Oil broke the level of 94.55 and might drop. Although oil might also jump and form the bearish trap. So, let’s wait and see what is going to happen on Monday as this is going to be an important day for oil.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/bitcoin-is-on-the-rise-oil-might-drop"
via IFTTT

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Don’t count resources out

Commodities have performed poorly over the past year, but they tend to move in long and volatile cycles. from Moneyweek RSS Feed https://m...