Many now view cryptocurrency as digital gold, which is wrong. Look at the models; Bitcoin lost 40% last week. However, we believe in the crypto space as an additional asset class. The advantage of cryptocurrency is simple, no intervention of the FED, the central bank.
All asset classes have many things in common; the price is determined by buyers and sellers who agree on a price. They all go through the same phases; they all tend. This is why we teach that all markets are the same; price action is all that matters.
The price action of gold and silver is very bullish as they appear to be increasing. Platinum has shown some weakness in recent days, but it remains slightly positive. The next stops for the Gold Race are $ 1,900 to $ 1,920 and the next money goal is $ 28.50 to $ 29. Until the price action changes, we are buyers.
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