Hi guys! happy new month to you all! it was really a crazy January ending with all crypto assets bearish, But gold has really been doing well for a passed few months now, still on appreciating momentum and a little pull back. last week, Gold hit ATH at 5574$, we are still waiting to see what the market has to offer this week.
Bitcoin showed weakness for long and have been warning about BTC fall in price since when Bitcoin was priced at $102,000. Like I said before BTC is heading to $55,000 price territory. People who listened to me and opened a short position are currently in massive profits. Bitcoin will keep dropping in price until it reaches $55k price level.
Tesla stock has been on a bullish trend going by weekly TF (time frame) and currently price has dropped from the ATH at $495.5 to $430 as at the time of writing. TSL according to my prediction, if prices breaks down below $385.71 price level, then there will be a higher possibility for prices to drop lower to $277 price level.
ETH dropped from $3,309 to $2190 losing 33.8% of it recent value to the bearish market. From my analysis, ETH might drop to $980. I do understand so many people won't believe. Well, I don't need you to, but keep watching and also place or manage your positions wisely.
Crypto market in general is not doing well, everywhere is bleeding. therefore I encourage every trader to limit their exposure to the market during this highly volatile season, so as to avoid forced liquidation and mass loses. Manage your portfolio wisely. It is risk taker with good management skills that can survive this season. Don't try to prove anything to anybody, be humble and stay financially save.
