{"id":4481,"date":"2019-12-28T09:20:42","date_gmt":"2019-12-28T02:20:42","guid":{"rendered":"https:\/\/news.bitcoinvn.io\/?p=4481&lang=en"},"modified":"2020-10-24T18:40:28","modified_gmt":"2020-10-24T11:40:28","slug":"goldtraderasia-dec-2019-view-on-bitcoinmarkets","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/news\/goldtraderasia-dec-2019-view-on-bitcoinmarkets\/","title":{"rendered":"@GoldTraderAsia – Dec 2019 View on Bitcoinmarkets"},"content":{"rendered":"

This week Precious Metals Trader <\/span><\/i>GoldTraderAsia<\/span><\/i><\/a> published its Dec 2019 report<\/span><\/i><\/a> – and BitcoinVN News was able to share an exclusive look into his comments about the Bitcoin Market heading into 2020.<\/span><\/i><\/p>\n

<\/p>\n

Bitcoin<\/h2>\n

As I mentioned <\/span>here<\/span><\/a>\u2026<\/span><\/p>\n

\"@GoldTraderAsia
@GoldTraderAsia – Dec 2019 View on Bitcoinmarkets.<\/figcaption><\/figure>\n

…this is not a bullish chart.<\/span><\/p>\n

Clear downtrend since summer and I won\u2019t deploy any significant capital before the 6k USD area [chart above shows EURBTC!] which has been a strong resistance\/battle ground for months in 2018.<\/span><\/p>\n

I currently do not anticipate any lasting break below 6k USD; if so\u2026 – the market structure significantly worsens and Bitcoin might take much longer to climb to new highs than \u201cexpected\u201d.<\/span><\/p>\n

As I also said: I do *not* think it is a smart idea to short Bitcoin at these levels; the r\/r is not looking great anymore after we have come down already a fair bit from the high in summer 2019. You might still be able to squeeze something out of the market, but uuuh\u2026 – dangerous game.<\/span><\/p>\n

—<\/span><\/p>\n

The full report covering Precious Metals, Stock Markets and Forex can be downloaded here:<\/span><\/i><\/p>\n

https:\/\/paywall.link\/to\/MMUDec2019GTA<\/span><\/i><\/a> (BTC \/ Lightning payment)<\/span><\/i><\/p>\n

https:\/\/satoshiwall.cash\/paywall\/1010d555-280a-11ea-a1e8-0242ac190003<\/span><\/i><\/a> (BCH payment)<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

This week Precious Metals Trader GoldTraderAsia published its Dec 2019 report – and BitcoinVN News was able to share an exclusive look into his comments about the Bitcoin Market heading into 2020.<\/p>\n","protected":false},"author":11,"featured_media":1469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,18],"tags":[],"class_list":["post-4481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-seo"],"yoast_head":"\n@GoldTraderAsia - Dec 2019 View on Bitcoinmarkets - BitcoinVN News<\/title>\n<meta name=\"description\" content=\"This week Precious Metals Trader GoldTraderAsia published its Dec 2019 report - about the Bitcoin Market heading into 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bitcoinvn.io\/news\/goldtraderasia-dec-2019-view-on-bitcoinmarkets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"@GoldTraderAsia - 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