North Korea strikes again so the so we can copy and paste the sentiment from the beginning of the last week. Our attention will slowly shift towards the central banks this week with the ECB being the creme de la creme of the macro calendar. This time, for the analysis, we prepared a mix of cryptocurrency, precious metal and an index.
Bitcoin is going down influenced by the regulatory outbursts from various central banks and governments. This time mainly the PBOC, which wants to limit or even ban the ICOs. Bitcoin is undergoing the forth serious correction this year and maybe this time it will also retrace something around the 1000 USD for 1 BTC.
Next one is Gold, were the price is aiming higher but in the short term there is a chance for a gap closing movement. Even a move slightly stronger than that will not retrace the whole bullish sentiment that we have here. The closest support is the 1300 USD/oz
Last one is SP500, where we are still in a positive territory. The drop after the weekend was small and most probably it will end with the price aiming higher. Why? Because for the past few months it always ended like that...