All this printing is not going to the people.
It's going to the rich.
Fact.

#Gold

I expected it to retest the PRZ area before continuing the uptrend. but it made a quick jump!

not really surprising, considering the record amount of dollars getting printed and the inflationary effect pushing BTC and Gold higher.

medium term I see $2500/oz easily reachable.

my prediction for #BTC price movement. (long term)

I shared this on tradingview a few days ago and forgot to share it here.
but I wonder how many of you saw it there or on my twitter and got on the short side of it? probably no one 😅
but alas, here it is.


Im also cooking up some stuff which will get announced very soon on this channel. Im going nuclear for 2021 with the main goal of moving back towards doing more free stuff now that everytime I have tried to monetize my work my accounts got blocked due to sanctions 😂 MQL5.com closed my signal service account last month so I have been working with a friend of mine in Bahrain to move things under a new brand which has no connection to me, starting with my educational course which I think will drop sometime later this month (as if its an album! lol) I will share more info about that soon.


thanks for those of you who still havent left this channel, I will definitely include a little gift coupon for members once my course is up.

I had written this answer on Sunday in Quora on bitcoin after updating the analysis on tradingview:
https://www.quora.com/Will-Bitcoin-crash-again-in-late-2020-and-early-2021/answer/Bahman-RasoulPour-Linorth



tl;dr: since price moved directly to second PRZ area, the hammering of price will continue to a bit below $10K price range.

Im also long on gold again.
had carved about %18 off of it on the previous climb.. now its close to PRZ area at 1720-1800 range.
I expect it to climb as BTC corrects (money moving from BTC -and maybe stocks- towards Gold and safe haven currencies like JPY and CHF)


Dollar is still structurally weak, despite the heavy short position piling up, any corrections would be temporary and downtrend will resume.

here is a great read for you over the weekend:


ICYMI: "I’ll say this again. I believe that future investors will look back on the present moment the same way that we look back on the 1929 and 2000 extremes. People will use us to teach lessons to their children."
https://www.hussmanfunds.com/comment/mc210201/

Signal Type: New Order
Order Type: Market Buy
Instrument: #EURUSD
TimeFrame: H4
Entry Price: 1.21750
TP1: 1.22460
TP2: 1.23170
SL: 1.21035

Signal Type: New Order
Order Type: Market Buy
Instrument: #GBPUSD
TimeFrame: H1
Entry Price: 1.40800
TP1: 1.41150
TP2: 1.41500
SL: 1.40450
#Explanation: small play on this pair. (for this week I'm only going to share short term trades)

Signal Type: New Order
Order Type: Market Buy
Instrument: #AUDUSD
TimeFrame: H1
Entry Price: 0.79251
TP1: 0.80001
TP2: 0.80751
SL: 0.78501

Signal Type: New Order
Order Type: Market Sell
Instrument: #EURAUD
TimeFrame: H1
Entry Price: 1.53600
TP1: 1.53140
TP2: 1.52680
SL: 1.54065

Signal Type: New Order
Order Type: Market Sell
Instrument: #EURCAD
TimeFrame: H1
Entry Price: 1.53253
TP1: 1.52625
TP2: 1.52013
SL: 1.53873

#update

#GBPUSD and #EURAUD hit their targets and the other positions are still in good shape.
I was tempted to replaace a #usdcad trade with #AUDUSD trade. but I thought not everyone can see it in time to close while its still above entry point so I decided to stick with it and ride it out.
so I will just add the USDCAD trade to the mix instead (will send out the signal shortly after this message)

Signal Type: New Order
Order Type: Market Sell
Instrument: #USDCAD
TimeFrame: H1
Entry Price: 1.25750
TP1: 1.25450
TP2: 1.25150
SL: 1.26050

#update

guys lets close our #EURCAD trade here. I dont like the way its tick chart looks and we already have the USDCAD trade going for the CAD effect of this pair.
since it came close to our target once and bounced back and we also have the EURUSD trade in the mix, its better to save profits here.

#update

#USDCAD trade reached the target and #AUDUSD is also very close to take profit. but I feel like it might reverse before going the last 10 pips so lets just close it and save our profit on this pair as well here on 0.79700

#update

since all the positions shared reached their target Im closing out of the #EURUSD trade here and save the profit on it so I can end the week early, even tho the head and shoulders pattern on the chart suggests it can go even a bit higher than the target I had on it. but Im not going to stress about the few pips left on the position and just close out.

this was a good week after all the pausing on sending out signals. and since my bday was last week I shared the signals on my channel as well so others can use them.

will still keep an eye out and if I find a decent trade I will send it out.

have a nice weekend everyone.

regards
@Linorth

by the way, if you want to join the signal service you can do so by clicking on @linorth_bot and sending a hi message to the bot (it will guide you through the registration process)
the result of the signals are available here:
linorth.com/signal-stats/

when there is no result for a week thats because there have been no signals shared in that time period (quality is more important than quantity for me) but the subscription periods always get renewed for those delay times so it won't count against your subscription anyways. (you won't be charged for my off weeks, basically)


thank you for the support. I appreciate it.

Results for this week's signals and we still have 3 days left of the week!
linorth.com/signal-stats/

(@Linorth_bot)

#update

Hello!
I hope you had a nice weekend.

As you all know the new stimulus package got passed so its normal for everyone to expect more injection of USD in the market and more weakness for USD in the upcoming days. but for now, I expect a bit more of temporary movement in the direction of USD getting stronger before the checks are actually distributed and the money moves towards stock market.


Im going to watch the market for a couple more hours and then I will start issuing signals for this week.