Is bitcoin repeating the history of gold from the 2011 investing.com usd to nzd

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Bitcoins, ICO, Cryptocurrencies gender differences. Many titles in the media not even connected with the Financial World are screaming this to us from their front pages funny quotes and sayings. That reminds me the situation on Gold from the 2011, when XAUUSD was heading higher and higher, gaining interest from the wider public us stock chart. Buying Gold back them was trendy and was perceived as a great form of invest.

What happened after the 2011 we all know, the price declined and left the latest buyers with empty pockets usd to myr forecast. Is the current situation on the Bitcoin similar to that one on Gold in 2011? For me yes, especially when I look on the ATR and the volatility which in the past few months is significantly higher and is usually associated with the trend reversals.

So far we do not have any sign that the price of the Bitcoin should reverse but what I am trying to tell you is to be extra careful now as the market conditions are very similar to the times when reversals usually occurs.


Let’s come back to the traditional market and see the situation on Silver, where we bounced of an area where we had three important resistances crossing in one place convert usd to zar. That worked and the price created a shooting star exchange rate usd gbp. Now we are defending on an up trendline and the lower line of the channel up formation pound to dollar conversion rate today. If this support will be broken, sell signal will emerge.

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Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.


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