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Archive for August 2020

Bitcoin “Kills” Gold on a Risk Adjusted Basis: Macro Analyst

Bitcoin’s recent price action has scared analysts. The cryptocurrency slipped around 3% even after Jerome Powell announced higher inflation expectations/targets. Gold has also moved lower, shocking investors thinking scarce assets only move up in the ongoing macro environment. Bitcoin is still a great buy on a macro time frame, though, according to Raoul Pal. Pal…

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Triple Repeat Fractal on Bitcoin Chart Hints Dip towards $10K

A triple repeat fractal warning on Bitcoin (Symbol: BTCUSD) hourly chart is pointing to a major price dip towards $10,000. First spotted by an analyst at 100eyes, an automated crypto trading scanner, the fractal shows Bitcoin in a deja-vu downtrend. The cryptocurrency is forming a structure for the last 10 days. It starts with BTC/USD…

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