Cable has not been generous enough to provide us with solid moves as it has been stuck in a 1.42000-1.35867 range from the very February. The shorter term hasn't been great for it either, being bearish for 9 consecutive days. The technicals show the 61% fibs being respected what points out on stronger levels below - rejection of which might give us better entries...
Unlike any other markets, crypto tends to be the most technicals-respecting and here we might see btc dominance preparing for a bounce. 1,081-1,100 is what I see as the likeliest targets to be met in the near future
it is very likely we will see the price pulling back to the lower levels to squeeze more liquidity. We might see a solid number of long orders placed within the 2,300 and 2,700 ready to be executed, hence quite hesitant to long now. Personally watching the levels of 3,200 - for longs and 3,000 - for shorts. Have a great trading! Cheers!
As much as we may want btc to be stable at $1M, there is always a correction after every surge. This time we have $35k as a crucial point, holding us back from balancing around $40k and beyond. Today being Sunday - a decisive day for the weekly close. If we still manage having Bitcoin close above $34.660 to engulf the recent moves, we might see more longs across...
It is a clear technical reversal at this point. Inverted H&S - for patterns lovers + solid levels working out to an absolute T! Cheers & Profits!
Here we clearly see an uptrend creating distinct HH's and HL's + fundamentals suggest OIL to go higher
Here is a simple htf technical analysis on GOLD