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XAUUSD 4 HOUR CHART – In limbo
Chart still showing a downside risk that needs to take out 3038 to break the momentum… but only above 3047 would put the record 3057 high in play again
On the other side, the quick bounce Friday from 3000 suggests consolidation unless this level is taken out.
Range: 2999/3013 – 3038/3047/3057
For those that missed it, the following came out Friday and may have been a trigger for the XAUUSD sell off.
Robert “Bo” Hines, executive director of the President’s Council of Advisers on Digital Assets, said that if the move to sell some of the gold in Fort Knox to buy Bitcoin remained budget-neutral, it could be considered.
BTCUSD
Bitcoin is trying to avoid the date with that 65K level, but has to take lots of it to do so.
Resistances at : 83.600, 84.750 & 90K.
One crazy thought – if BTC makes it above 90K…this week…we might even see 110K…had to say it….crazy or not, it would be in line with Bitcoins behaviour.
However, more probable is to see it between 65 & 75K.
BTCUSD Daily
That was a fair warning: Be aware – this is a Yo-yo coin –it can touch 80 K and instantly try for 90…10K up and down…not a problem.
It went over 90K – so surprising part accounted for as well…
Support at 90K & 85K – Resistance at 95K
Without Trump tariffs and all other data this week, I would tell you that Bitcoin will continue down in this correction, with usual crazy upticks and wild down moves …but….expect unexpected…
Robinhood Markets Inc. – HOOD
Is this frenzy coming to the end?
Robinhood posts record profit as post-election trading frenzy lifts volumes
Trading platform Robinhood HOOD reported a surge in fourth-quarter profit on Wednesday, fueled by frenetic activity in equity and crypto markets following Donald Trump’s presidential election victory.
Robinhood’s transaction-based revenue, or income generated from fees for facilitating trading in options, cryptocurrency and equities, in the quarter jumped 236% to $672 million from a year earlier.
Nearly half of those gains came from a 700% rise in revenue related to crypto trading as bitcoin continued its rapid march towards the $100,000 mark during the quarter on hopes of favorable policies under the new Trump administration.
BTCUSD – Bitcoin
Has the time come for Bitcoin to surge again?
Supports: 96.610, 95.500 & 94.000
Resistances: 97.715, 98.550 & 100.200
Even the blind chicken would see that BTC has found a support above 95.000 and now only question that remains is if/when it is going to start rallying again.
Next 48h it should happen if nothing unexpected happens ( like someone talks in his sleep, someone else wants a world peace suddenly and so on – however it is not the news, but how the market will digest it…)
