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Legendary Investor Buys Up Bitcoin on the Fall

Bitcoin/USD, cryptocurrency, Legendary Investor Buys Up Bitcoin on the Fall

Legendary investor and billionaire Ray Dalio announced his own investment in Bitcoin.

Ray Dalio, the founder of the world's largest hedge fund Bridgewater Associates, said in an interview with Coindesk that he invested in Bitcoin to protect savings from inflation.

According to him, the US Dollar is depreciating, which creates attractive conditions for investing in cryptocurrency. At the same time, Bitcoin in the current conditions looks more attractive as a means of saving than Gold.

Dalio said that Dollar is on the verge of devaluing to levels last seen in 1971, and China is threatening the Dollar's role as the world's reserve currency.

He also expressed concern that state regulators may take tough measures against cryptocurrencies and their owners. "The biggest risk for Bitcoin is its success," the investor added.

Dalio has repeatedly changed his attitude to digital assets. In 2017, he called the first cryptocurrency a bubble, but acknowledged its performance "on a conceptual level."

In January 2020, the billionaire said that volatile Bitcoin does not perform the functions of money. In November, Dalio added that the asset could never replace Gold, as the monetary authorities would "strangle" it.

In December 2020, the founder of Bridgewater Associates changed his mind, describing Bitcoin as an "interesting" alternative to Gold.

In January, Dalio said that he would consider investing in the first cryptocurrency. In March, the billionaire announced a high probability of banning Bitcoin in the United States.

Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, has been working on Wall Street since the 1970s. The American media calls him "The Steve Jobs of investing".

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Forex analysis for GBP/USD and USD/CAD on 04/09/2023
GBP/USD, currency, USD/CAD, currency, Forex analysis for GBP/USD and USD/CAD on 04/09/2023 Express forex forecast for the GBP/USD pairBased on technical modeling for the pound/dollar pair, a forecast of further movement has been formed and the average price is predisposed to decline.In this technical situation, the pound can be sold from the level of 1.2614, you can also place a pending sell order at the level of 1.2679 in order to decrease to the area of 1.2525-1.2445, the stop with this strategy can be placed at the level of 1.2725.If we receive a profit of 30 points or more, we fix 50% of the position, and put the rest at breakeven. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.Forex strategy for the USD/CAD pairThe USD/CAD pair is trading within an uptrend on a 4-hour chart. It shows that the USD/CAD exchange rate is trading above the moving average with a period of 55 on the hourly chart (level 1.3549), which generally contributes to the price increase in the short term. I recommend working on this pair from sales based on the established wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at the level of 1.3629 in order to increase to the resistance at the level of 1.3678 and in case of its breakdown at the end of the hour to 1.3736.  The stop loss with this strategy can be placed at the level of 1.3540.The signal to open a short position will be a breakdown at the end of the support hour at 1.3549 with the aim of reducing to support at 1.3488 in case of its breakdown at the end of the 1.3429 hour. The stop loss with this strategy can be placed at the level of 1.3653.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.
Sep 04, 2023 Read
Express forex forecast for GBP/USD and USD/CAD on 08/29/2023
GBP/USD, currency, USD/CAD, currency, Express forex forecast for GBP/USD and USD/CAD on 08/29/2023 Express forex forecast for the GBP/USD pairBased on technical modeling for the pound/dollar pair, a forecast of further movement has been formed and the average is urgently predisposed to an increase.In this technical situation, the pound can be bought from the level of 1.2591, you can also place a pending purchase order at the level of 1.2551 in order to increase to the area of 1.2733-1.2984, the stop with this strategy can be placed at the level of 1.2530.If we receive a profit of 30 points or more, we fix 50% of the position, and put the rest at breakeven. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.Forex strategy for the USD/CAD pairThe USD/CAD pair is trading within an uptrend on a 4-hour chart. It shows that the USD/CAD exchange rate is trading above the moving average with a period of 55 on the hourly chart (level 1.3547), which generally contributes to the price increase in the short term. I recommend working on this pair from sales based on the established wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at 1.3627 in order to increase to the resistance at 1.3678 and in case of its breakdown at the end of the hour to 1.3719. Stop loss with this strategy can be placed at 1.3560.The signal to open a short position will be a breakdown at the end of the support hour at the level of 1.3488 with the aim of reducing to support at the level of 1.3429 in case of its breakdown at the end of the hour 1.3381. The stop loss with this strategy can be placed at the level of 1.3615.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.
Aug 29, 2023 Read
Forex trading strategy for USD/CAD and GBP/USD on 08/24/2023
GBP/USD, currency, USD/CAD, currency, Forex trading strategy for USD/CAD and GBP/USD on 08/24/2023 Forex forecast for USD/CADThe USD/CAD pair is trading within an uptrend on a 4-hour chart. It shows that the USD/CAD exchange rate is trading above the moving average with a period of 55 on the hourly chart (level 1.3509), which generally contributes to the price increase in the short term. I recommend working on this pair from sales based on the established wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at 1.3575 in order to increase to the resistance at 1.3627 and in case of its breakdown at the end of the hour to 1.3678. Stop loss with this strategy can be placed at 1.3480.The signal to open a short position will be a breakdown at the end of the support hour at 1.3488 with the aim of reducing to support at 1.3429 in case of its breakdown at the end of the 1.3381 hour. The stop loss with this strategy can be placed at the level of 1.3615.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.Forex forecast for GBP/USDBased on technical modeling for the pound/dollar pair, a forecast of further movement has been formed and the average price is predisposed to decline.In this technical situation, the pound can be sold from the level of 1.2725, you can also place a pending sell order at the level of 1.2767 in order to decrease to the area of 1.2609-1.2508, the stop with this strategy can be placed at the level of 1.2830.If we receive a profit of 30 points or more, we fix 50% of the position, and put the rest at breakeven. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.
Aug 24, 2023 Read
Forex trading strategies for USD/CAD and GBP/USD pairs on 08/23/2023
GBP/USD, currency, USD/CAD, currency, Forex trading strategies for USD/CAD and GBP/USD pairs on 08/23/2023 Forex forecast for USD/CADThe USD/CAD pair is trading within an uptrend on a 4-hour chart. It shows that the USD/CAD exchange rate is trading above the moving average with a period of 55 on the hourly chart (level 1.3509), which generally contributes to the price increase in the short term. I recommend working on this pair from sales based on the established wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at 1.3568 in order to increase to the resistance at 1.3618 and in case of its breakdown at the end of the hour to 1.3678. Stop loss with this strategy can be placed at 1.3480.The signal to open a short position will be a breakdown at the end of the support hour at 1.3488 with the aim of reducing to support at 1.3429 in case of its breakdown at the end of the 1.3381 hour. The stop loss with this strategy can be placed at the level of 1.3595.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.Forex forecast for GBP/USDBased on technical modeling for the pound/dollar pair, a forecast of further movement has been formed and the average price is predisposed to decline.In this technical situation, the pound can be sold from the level of 1.2742, you can also place a pending sell order at the level of 1.2767 in order to decrease to the area of 1.2609-1.2508, the stop with this strategy can be placed at the level of 1.2830.In the case of a profit of 30 points or more, we fix 50% of the position, and put the rest at no loss. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.
Aug 23, 2023 Read
Forex trading strategy for USD/CAD and GBP/USD pairs on 22 of August
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Aug 22, 2023 Read
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Jan 18, 2023 Read
Forex signals for USDCAD, EURUSD and GBPUSD on 16/01/2023
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Jan 16, 2023 Read
Forex Signals for USDCAD, EURUSD and GBPUSD on 10/01/2023
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Jan 10, 2023 Read
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