🟡 Gold (sharp and sudden decline):
Globally: Gold is experiencing one of its toughest periods; the global price has plummeted by over 3% to reach levels of $4703 per ounce.
Locally (Egypt): Gold in Egypt has followed the global collapse; 21 karat recorded a significant decline, currently trading between 6375 and 6538 Egyptian pounds.
Advice: "Gold is now in a strong testing area.. Is it a buying opportunity or is the decline continuing?"
💎 Crypto (earthquake in the market):
Bitcoin ($BTC): The largest currency is facing severe pressures and dropped to levels of 77.4 thousand dollars after losing about 200 billion dollars of its market value in one week.
Ethereum ($ETH): It also decreased by 7.4%.
My personal prediction: "The market is undergoing a 'cleaning' process for open positions (Liquidation), and stability above 75 thousand is the current lifeline."
💵 The dollar and the Egyptian stock market:
The dollar: It saw a slight decline in Egyptian banks, ranging between 47.04 and 47.14 pounds for sale.
The stock market: Despite the divergence of indicators, the market capitalization gained about 5.2 billion pounds by the end of yesterday's transactions.
💡 Advice from the smart trader:
"The time of collapses is what creates wealth.. Use the right tools (#Tool), and don’t get swept away by feelings of fear (FUD)!"
#StrategyBTCPurchase #GOLD #BinanceSquare #wodl #tradingtips
