For 38 years Michael Young has been trading a variety of asset classes, and seen many things! He joins Merlin to talk about market pattens and what emphasis he places on thise, as well as what he sees as good trading opportunities going forward. The duo take a look at the dollar, oil, gold, silver and much more! They also talk about an end of year trade plan review which is designed to help traders learn and improve.
Ripple continues to trend bearish, trading at $1.00 as of Monday. The remittance token has hovered near this key support level since last week, indicating muted market catalysts for a rebound and signs of seller fatigue.
Zcash (ZEC) is up 5% on Monday, erasing the 4% losses from the previous week. The privacy coin gains retail strength amid rising user adoption, with Open Interest up 6% in 24 hours as Ironwood pool shielded volume crosses 3 million ZEC tokens.
Bitcoin (BTC) trades slightly higher around $63,500 on Monday, following a slight correction the previous week, supported by improving risk sentiment and despite mild outflows from institutional demand.
The crypto market is broadly consolidating on Monday, with Bitcoin (BTC) holding above $63,000, Ethereum (ETH) approaching $1,900 and Ripple (XRP) sitting on top of the critical $1.00 support level.
