LONG ON COPPER - Will This Chart Save us From Recession Worries?
It probably won't but a relief rally could be in play.
Watch Our Bronze Age Bitcoin Video today:
The Bronze Age followed the Stone Age and began around 4000 years ago. The Iron Age followed the Bronze Age and began around 3000 years ago. That's some time ago, yes.
Could Bitcoin play a role as the beginning of a 'new age'? Sure.. it's a trustless system in a stupid planet with no trust between it's 'nations'.
Funnily enough, I come from the island of Cyprus. 🏖️🌴🐬
Cyprus was famous in antiquity for its copper resources. In fact the very word copper is derived from the Greek name for the island, Kupros.
Watch this if you like history: youtube.com/watch?v=PF1uYm4l1Kc
Copper Price as an indication of what happens next:
The price of copper is largely influenced by the health of the global economy. This is due to its widespread applications in all sectors of the economy, such as power generation and transmission, construction, factory equipment and electronics. Sometimes referred to as Doctor Copper , the base metal is seen as a reliable leading indicator. A rising market price suggests strong economic health, while a decline suggests the opposite.
So we keep having many Copper related articles lately: Copper has entered a bear market, which may indicate a stronger chance that recession is coming.
OUR ANALYSIS:
We had shared with YOU, HERE a perfect short on Copper last summer:
COPPER- Poised for a Correction
At this stage we see Copper on MAJOR SUPPORT and this is only Good news:
snapshot
Hope it all makes some sense.
If you Like the idea, we Like to see you Liking our post.
One Love,
the FXPROFESSOR
Watch Our Bronze Age Bitcoin Video today:
The Bronze Age followed the Stone Age and began around 4000 years ago. The Iron Age followed the Bronze Age and began around 3000 years ago. That's some time ago, yes.
Could Bitcoin play a role as the beginning of a 'new age'? Sure.. it's a trustless system in a stupid planet with no trust between it's 'nations'.
Funnily enough, I come from the island of Cyprus. 🏖️🌴🐬
Cyprus was famous in antiquity for its copper resources. In fact the very word copper is derived from the Greek name for the island, Kupros.
Watch this if you like history: youtube.com/watch?v=PF1uYm4l1Kc
Copper Price as an indication of what happens next:
The price of copper is largely influenced by the health of the global economy. This is due to its widespread applications in all sectors of the economy, such as power generation and transmission, construction, factory equipment and electronics. Sometimes referred to as Doctor Copper , the base metal is seen as a reliable leading indicator. A rising market price suggests strong economic health, while a decline suggests the opposite.
So we keep having many Copper related articles lately: Copper has entered a bear market, which may indicate a stronger chance that recession is coming.
OUR ANALYSIS:
We had shared with YOU, HERE a perfect short on Copper last summer:
COPPER- Poised for a Correction
At this stage we see Copper on MAJOR SUPPORT and this is only Good news:
snapshot
Hope it all makes some sense.
If you Like the idea, we Like to see you Liking our post.
One Love,
the FXPROFESSOR
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🌟 CRGPT Token: Join the Crypto AI Revolution cryptogpt.io/
🌐 Public Telegram: t.me/fxprofessor88
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