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Florian Grummes
Florian Grummes

43 Followers

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Published in

Coinmonks

·Sep 19

September 19th, 2023, Gold — Tenacious Correction Not Definitely Finished

In late April, we timely warned about a topping process in the gold market and expected prices to pull back towards USD 1,900 over the following weeks. On June 29th, with gold reaching an intraday low at USD 1,893 we turned bullish. After a nice bounce back towards USD 1,987…

Gold

10 min read

September 19th, 2023, Gold — Tenacious Correction Not Definitely Finished
September 19th, 2023, Gold — Tenacious Correction Not Definitely Finished
Gold

10 min read


Published in

Coinmonks

·Sep 4

September 3rd, 2023, Bitcoin — Emotional rollercoaster at critical support

Between early January and mid of July, Bitcoin had outperformed all other asset classes. Over the last six weeks, however, the largest and most dominant cryptocurrency is down more than 18%. Bitcoin — Emotional rollercoaster at critical support. Review With prices topping out at USD 31,818 on July 13th, Bitcoin had…

Bitcoin

10 min read

September 3rd, 2023, Bitcoin — Emotional rollercoaster at critical support
September 3rd, 2023, Bitcoin — Emotional rollercoaster at critical support
Bitcoin

10 min read


Published in

Coinmonks

·Aug 5

August 5th, 2023, Gold — Summer rally and power showdown in August

Since the expected turning point in late June, gold managed to stage a first recovery towards USD 1,987. Over the last two weeks however, prices came back down significantly. After a weaker than expected non-farm payroll report on Friday, gold posted a clear intraday reversal. …

Gold

13 min read

August 5th, 2023, Gold — Summer rally and power showdown in August
August 5th, 2023, Gold — Summer rally and power showdown in August
Gold

13 min read


Published in

Coinmonks

·Jul 24

July 24th, 2023, Silver — Pullback could bring another buying opportunity.

After experiencing a 15.4% decline from USD 26.12 on May 5th, 2023, down to USD 22.09 on June 23rd, silver has made an impressive recovery over the past four weeks. Actually, prices managed to climb back up to USD 25.26 US dollars, effectively recuperating most of the previous losses in…

Silver

6 min read

July 24th, 2023, Silver — Pullback could bring another buying opportunity.
July 24th, 2023, Silver — Pullback could bring another buying opportunity.
Silver

6 min read


Published in

Coinmonks

·Jul 16

July 15th, 2023, Bitcoin — Breakout to the upside is most likely

Bitcoin’s price action in the last four weeks has been characterized by consolidation and a lack of decisive movement. The market is eagerly anticipating a breakout, and the next significant price direction will likely depend on factors such as market sentiment, macroeconomic trends, and potential catalysts within the cryptocurrency ecosystem…

Bitcoin

10 min read

July 15th, 2023, Bitcoin — Breakout to the upside is most likely
July 15th, 2023, Bitcoin — Breakout to the upside is most likely
Bitcoin

10 min read


Published in

Coinmonks

·Jul 9

July 9th, 2023, Gold — Turning point within reach

Over nine weeks have passed since the last peak in gold. During this time, gold prices have fallen by 8.4%, from USD 2,067 down to USD 1,893. While the initial wave of this correction was fairly decisive, market participants have been increasingly deceived by a trend-less back-and-forth since the interim…

Gold

5 min read

July 9th, 2023, Gold — Turning point within reach
July 9th, 2023, Gold — Turning point within reach
Gold

5 min read


Published in

Coinmonks

·Jun 27

June 26th, 2023, Gold — No clear turning point yet

In early May, gold once again failed to overcome the resistance around USD 2,070. Hence, the widely expected breakout has been once again postponed. Instead, our anticipated correction scenario has fully played out. Review After a strong rally lasting about seven months, gold prices reached a high of USD 2,067 on…

Gold

10 min read

June 26th, 2023, Gold — No clear turning point yet
June 26th, 2023, Gold — No clear turning point yet
Gold

10 min read


Published in

Coinmonks

·Jun 18

June 17th, 2023, Bitcoin — New fantasy despite summer lull and uncertainties

With prices reaching nearly USD 31,000, Bitcoin’s recovery rally hit its peak on April 14th. This resulted in a doubling of prices within a span of five months. Our initial two price targets of USD 25,000 and USD 30,000 were achieved. Review However, since mid-April, Bitcoin has been drifting into a…

Bitcoin

11 min read

June 17th, 2023, Bitcoin — New fantasy despite summer lull and uncertainties
June 17th, 2023, Bitcoin — New fantasy despite summer lull and uncertainties
Bitcoin

11 min read


Published in

Coinmonks

·Jun 12

June 9th, 2023, Gold — Consolidation before the next wave down

Since reaching a high of USD 2,067 on May 3rd, the bears have taken control of the gold market. In an initial wave down lasting about three and a half weeks, they pushed the price of gold down to USD 1,932. Since then, the bulls have been attempting a recovery…

Gold

5 min read

June 9th, 2023, Gold — Consolidation before the next wave down
June 9th, 2023, Gold — Consolidation before the next wave down
Gold

5 min read


Published in

Coinmonks

·May 1

April 30th, 2023, Gold — Topping process followed by a pullback

While US regulators are racing to secure the sale of California bank First Republic, the US banking crisis continues and is far from being over. Gold, on the other hand, remains the currency of last resort and has no counterparty risk. …

Gold

10 min read

April 30th, 2023, Gold — Topping process followed by a pullback
April 30th, 2023, Gold — Topping process followed by a pullback
Gold

10 min read

Florian Grummes

Florian Grummes

43 Followers

Gold Bitcoin Music Family

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