26.09.202211:02 Forex Analysis & Reviews: Robert Kiyosaki: Buy Bitcoin, Gold, and Silver

Over the weekend, the rate of ether and bitcoin traded quite calmly within the side channel. However, there is still not enough optimism about a larger upward correction of these trading instruments. But before we talk about the technical picture, I would like to say a few words about the recent advice of the well-loved Robert Kiyosaki—the famous author of the bestseller "Rich Dad, Poor Dad."

Kiyosaki recently said that fake money has come to an "end" and gave three tips to help investors succeed in market crashes. Kiyosaki tweeted why, in his opinion, the end of "fake" money has come. "End is here. Called Jerry Williams, my trusted gold and silver dealer. He said: 'I can't get gold or silver coins. The mint will not sell me anymore.' To me, this means the end of fake $ is here."

The well-known author echoed his recent recommendation: "As stated in earlier tweet silver going to $100 to $500." His advice was immediately followed by another statement in which he claimed that gold is expensive, calling silver the best investment value to date.

Kiyosaki's reasoning is very simple: when President Richard Nixon decoupled the US dollar from its peg to gold, the so-called gold standard, in 1971, the US dollar simply became fake money.

The author also recalled three lessons of investing:

1: Your home is not an asset.

2: People who save money are losers.

3: The rich don't work for dollars.

Last week, Kiyosaki urged people to "invest in real money," naming bitcoin, gold and silver. He stressed that the Federal Reserve is now doing everything to destroy the U.S. economy amid the interest rate hikes. Kiyosaki urged subscribers to buy cryptocurrency now, ahead of the biggest crash in world history. The well-known author has been claiming for months that he is waiting for the price of the cryptocurrency to bottom out before entering.

As for today's technical picture of bitcoin, as I noted above, nothing much has changed since the weekend. The focus is now on the immediate resistance of $19,000, the return of which is "like air" needed in the near future. If this area is broken, you can see a push up to $19,520 and then to $20,000. To build a larger upward trend, it is necessary to break above the resistance of $20,540 and $21,140. If the pressure on Bitcoin returns, and most likely it will, the bulls should make every effort to protect the $18,600 support that has already been tested several times. Its breakout will quickly push the trading instrument back to $18,100 and open the way to update the $17,580 level.

Ethereum remains above $1,270 after the recent crash that occurred immediately after the switch to PoS. The most important task for buyers in the current environment is to get back under control of the $1,350 resistance, which will be quite difficult to get above. Its breakdown will lead to stabilization of the market direction and a slight correction to the $1,440 area. The further target will be the $1,504 and $1,550 areas. If the pressure on the trading instrument continues and the rather important $1,270 support is broken, this will push the Ethereum to $1,210 and $1,150, where the big players will again appear in the market.