Florian Grummes Bitcoin – Recovery attempt fails, summer doldrums loom 1. Review Despite the crypto community eagerly anticipating the Bitcoin halving, the event itself did not lead to the hoped-for massive price surge. Instead, starting from the new all-time high of USD... Basic Knowledge 9 May 2024 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Gold – Consolidation triangle rather suggests continuation of the rally Gold prices have taken a dip as hopes for a rate cut diminish following the reduction of broader conflict risks in the Middle East. As the attention is now turning to the upcoming Fed meeting, gold is... Basic Knowledge 30 Apr 2024 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Bitcoin – Potential correction despite ETFs and Halving The stock market rally still demonstrates a lot of momentum, with the S&P 500 showing a year-to-date return of 7.11%. Furthermore, the market’s focus on the tech sector, with AI-related companies like... Basic Knowledge 24 Mar 2024 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Gold – This breakout is undeniable 1. Review After a sharp two-month rise to a new all-time high of USD 2,149 on 4th December, the gold market experienced a sharp pullback to USD 1,973 in the final weeks of the old trading year, follow... Basic Knowledge 12 Mar 2024 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Bitcoin – Initial recovery following the bear market has likely come to an end While the Bitcoin Spot-ETF approval had marked a short-term top, prices pulled back sharply as expected . However, four weeks since the approval and BlackRock’s spot Bitcoin ETF has overtaken Grayscal... Basic Knowledge 8 Feb 2024 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Gold – Consolidation above USD 2,000 continues 1. Review The gold market has seen quite a bit of action in recent weeks. Initially, on Monday 4th December, during early Asian trading, the anticipated breakthrough above the all-time high at USD 2,0... Basic Knowledge 24 Jan 2024 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Bitcoin – The air is getting thin 2023 has proven to be an exceptional one for Bitcoin, both in terms of value appreciation and the number of individuals who became millionaires through investing in this cryptocurrency. With a price i... Basic Knowledge 29 Dec 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Gold – Monthly Closing Above USD 2,000 Triggers Breakout Rally 1. Review Commencing from the low on 6th October at USD 1,810, the price of gold surged by nearly USD 200 or 11% in the subsequent three weeks, reaching USD 2,009. A two-week retracement brought the p... Basic Knowledge 29 Nov 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Taking a breath before the next surge From its November 2022 low to its recent high, Bitcoin is up 145% within 12 months. But of course, it wasn’t easy to ride this rally if you didn’t have a good entry or are a long-term hodler. Until th... Basic Knowledge 19 Nov 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Gold – Sharp Sell-Off Provides New Opportunities It has been a pretty tough and challenging last five months for gold and precious metals investors. However, triggered by the sudden escalation in the Middle East, gold has recovered strongly over the... Basic Knowledge 26 Oct 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Gold – Tenacious Correction Not Definitely Finished In late April, we gave a timely warning about a topping process in the gold market and expected prices to pull back towards USD 1,900 over the following weeks. On 29th June, with gold reaching an intr... Basic Knowledge 19 Sep 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
Florian Grummes Bitcoin – Emotional rollercoaster at critical support Between early January and mid-July, Bitcoin outperformed all other asset classes. Over the last six weeks, however, the largest and most dominant cryptocurrency is down more than 18%. Bitcoin – Emotio... Basic Knowledge 3 Sep 2023 Technical Gold and Bitcoin Analysis by Florian Grummes
