Mark Yusko: Bitcoin will grow to $250,000 in the next 5 years
Mark Yusko: Bitcoin will grow to $250,000 in the next 5 years
Bitcoin has started to "target" the level of $47,000 again, but the world is still talking about how much bitcoin will cost in the future.
Forex Analyse & Reviews
Technical Analysis of GBP/USD for May 11, 2021
The GBP/USD pair will continue to rise from the level of 1.4021. The support is found at the level of 1.4021, which represents the 61.8% Fibonacci retracement level in the H4 time frame. The price is likely to form a double bottom. Today, the major support is seen at 1.4021, while immediate.
Oil is hindered by the pandemic
Cyberattack on the Colonial Pipeline in the United States, which should potentially lead to a shortage of gasoline in the retail network, caused only a short-term spike in oil prices.
Technical analysis and recommendations for EUR/USD and GBP/USD on May 11, 2021
The pound did not fall during the opening of a new week unlike the euro, instead it actively continued to implement the potential that had developed at the end of the previous week. On Monday, the target was entirely fulfilled.
EUR/USD analysis for May 11 2021 - Bear flag pattern confirmed and potetnial for drop towards 107.50
Watch for selling opportunities...
GBP/USD: plan for the US session on May 11 (analysis of morning trades)
In my forecast for the first half of the day, I paid attention to the level of 1.4108 and talked about its importance for the continuation of the bullish scenario. Let's look at the 5-minute chart and analyze the entry point that was formed.
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EUR/USD: plan for the US session on May 11 (analysis of morning trades)
In my morning forecast, I paid attention to the level of 1.2149 and recommended that you make a decision on entering the market from it. Let's look at the 5-minute chart and talk about what happened and what should have been done.
Inflation rate may change speculators' sentiment in favor of the dollar. Euro and Pound bears may still return
Traders are focusing on tomorrow's release of the inflation indicator, which may change the mood of speculators in favor of the dollar. Euro defies 1.2200 mark.
Trading idea for Bitcoin
The sharp decline yesterday ultimately ended the bullish trend in Bitcoin.
US dollar is unlikely to rise amid stock markets' temporary weakness
Last Friday's weak US employment data only managed to support investors' interest in risky assets temporarily, and so, the US dollar was forced to decline only at the end of the previous week.
Overview of the US market (05/11/2021)
The US stock market has been bullish for quite a long time already. Then, yesterday and this morning, a decline was observed, which could mean that the market is now under a correction.
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