Tag: Timon Rossolimos

Thanks to America’s SEC and BTC Dominance Rate I expect a 34% rally for Bitcoin!

On 22 June 2023, I wrote my first Bitcoin prediction article to Trading Tips.At that time, the price broke above and out of a Falling Wedge (shaded pattern).I said it was the start of the next bull market in Bitcoin.And what a rally it has been.In fact, the price has risen to over $35,000 and is close to my target of $36,289.Now Bitcoin has surged over 14% in the last week. And it’s made its highest price point since May 2022.But I believe the rally has only just begun!In this article I’m going to explain why I expect the rally to continue to $46,200 and how we can profit from the rise.

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The most difficult trading conditions I’ve witnessed in a long time – And how to prosper through it!

If you’ve been trading the JSE stocks for the last year, you’ll most likely agree with me, it has been darn difficult.You buy and go long, and you get stopped out.You go short and sell, and your stop loss hits.You’re most likely feel like giving it up.And you’re not alone.Let’s delve into what’s been happening and what we can do to improve our chances of trading success.

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From the Gold rush to the gold crash

A few weeks ago, I mentioned that the gold rally had come to an end.

At the time, the price was at $1,970, and I expected the price to crash for the rest of the year.

Well, the crash came much sooner than even I expected.

Just last week, gold prices sank another 4%. And to put this into perspective.

We have not seen this kind of gold crash performance since June 2021.

In fact, on 25 September, the gold price dropped from $1,970 per ounce down to a low of $1,829.

If you missed the first down leg of gold, you’re not going to want to miss the next one.

Here’s why I expect the price to continue down.

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