This week we will see two CPIs, five PMIs, and a dozen statements from banks governors from all over the world. Why do you need to follow these releases? Because it is a perfect opportunity for markets to gain volatility and for you to earn on this volatility.
Cryptoreport for December 20
It seems like cryptomarket started to recover. The oldest cryptocurrency bounced from the $3,222 level on December 15 and continued to move up during the first days of the week. On Wednesday, Bitcoin has managed to rise above the $3,900 level. Some of the analysts suggest unrealistic forecasts for the last weeks of the year. For example, Bitcoin’s co-founder at Satoshi School see cryptocurrency to reach $20,000 by the end of the year, while Tom Lee from Fundstrat expects it to stay somewhere between $13800 and $14800. Do you believe it will happen? For now, if bulls continue to push the price of digital asset further, they will manage to break the resistance at $3,750. The next resistance is placed at $4,337. In case of bearish pressure, Bitcoin will fall towards the support at $3,222.
Three centra banks will set the market in motion this week. The USD is under pressure after the weaker-than-expected NFP. ETH/USD is testing highs.
Watch and find out about the recent sell-off in the cryptocurrency market. Get clues on the possible recovery and the key levels for Bitcoin.
More reports, the start of a rally in crypto, outlook for gold and forex. This week is full of impactful releases, and we are here to trade on them.
Gold is about to break the most significant support. The US dollar index keeps gaining momentum. However, the situation might change this week, and we might see a tiny correction. Investors might return to risk-on and push the US stock market indices and cryptocurrencies to the upside. These and more trade ideas are in our new weekly video! Do not miss it!
This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.