If Goldman Sachs Makes a Trade Call, Then do the Opposite
If Goldman Sachs Makes a Trade Call, Then do the Opposite
Goldman Sachs overnight made the call overnight that Bitcoin has the potential to drop below the February low of $5,922 USD. But if you've been around forex markets for any significant period of time, you'd know that calls from Goldman aren't worth the paper they're written on.
This latest piece of Goldman Sachs gold was based on a short term support level possibly, yes possibly being broken around $9,210.
"The break is significant as implies, potential for a more impulsive decline. The next meaningful level is down at $7,667 to $7,198.”
Jafari's call continued.
"Getting a close break this time around would warn of structural damage, increasing the risk of new local lows. At this point, need to get back through the Feb 26th low for this to stabilise."
This is nothing more than a guess, based on a short term level that means nothing in the grand scheme of things. How a major investment bank is allowed to make these sorts of public calls that will 100% mislead n00bs, is absolutely beyond me.
Also keep in mind that old darling Jafari, the so called head of technical strategy at Goldman Sachs, whatever the fuck that means, is known for her anti Bitcoin stance. Jafari was the man responsible for Goldman's excellent 2017 year end Bitcoin call of $4,000.
Of course we saw that price ended closer to the $20,000 mark. What's a measily $16,000 difference between friends though right?
Absolute junk.
Best of probabilities to you.
Peace ✌🏻.
Instagram: @forexbrokr
Website: www.forexbrokr.com
I think they put information out to manipulate the market. its very apparent with their calls on Bitcoin.
You think that someone like Goldman might have vested interests in certain markets? Surely notttt 😇
One of the world's largest financial institutions, Goldman Sachs Group Inc., is rumored to open the opportunity to trade in digital currencies (cryptocurrency) such as bitcoin.
Goldman, in this case, is reportedly in talks with digital currency experts to formulate the business framework. It's just not known, when the investment bank from the United States will begin to do that policy.
"We are trying to find out and deepen our clients' interest in digital currencies. We will continue to seek the right formula to serve the future business, "said Tiffany Galvin, Spokesman Goldman Sach, as quoted by Bloomberg.Goldman Sachs himself claimed to still make the risk and high volatility of cryptocurency as the biggest consideration for starting the business. The company did not want a wrong step in developing its digital business.
Previously, Morgan Stanley also reportedly interested in adopting transactions and investments using bitcoin. This is apparent from the opinion of Morgan Stanley Chief Executive James Gorman who claims bitcoin is not a trend that only runs the rest of the corn.The steps taken by Morgan Stanley and Goldman Sachs are inversely related to JPMorgan Chase Co. Because in the last month JPMorgan CEO Jamie Dimon called a bitcoin digital currency as a fraud. He even plans to fire his employees who are caught using bitcoins. Nice @forexbrokr
Straight up copy paste? Why?
Haha, Goldman Sachs! :D
Absolute muppets.
Goldman is notorious for making public calls that are the opposite of the position they are building. XYZ stock is a sell (as they buy it up on the sell off) lol
Yeah man, absolutely ridiculous.