BTC is currently at a resistance of 45k. Momentum still looks quite strong and bullish for BTC, BUT... We can´t take for granted that BTC will go to 69k again in this move. Right now on lower TF im quite bullish, until BTC breaks 43.500 level I will be more cautious.
Had my buy position on gold yesterday, wich I scaled out when price started moving up. In London session saw price respect mid air support and entered a buy, then as London started pushing lower and lower below the support, took sells once price broke 4h candle lows as price decided to retest mayor level of support at 1915 (my bias is still longs). Currently...
Looking to short gold if I see another spike in the 1900 area. Todays market opening made a fakeout, we already have 2 rejections (spikes) at 1900.
BTC has currently rejected 45k and retraced down to 40k weekly level. Now we can see BTC range for a while between 42.000 and 38.500 A break of either could lead to a continuation movement.
GJ is now currently getting ready for a sell off. Looking to scale in after breaking 156.300
Took sells here as 1900 is a big psycological level. Looked for confirmations on the lower timeframe
I am waiting for a reversal on GJ. Right now GJ rejected the 61.8 Fib level and it broke a bullish trendline. We might see another test of the 61.8 level before the sell off.
BTC is currently in mid air. A big level BTC has to retest is 40k, that level is crucial for a clear direction. Once BTC brakes 46k, we will see 51-52k weekly test.
Last week gold had begun a daily trend, and this week it has been the same story. Now it is currently retracing in the lower timframes and preparing for a swing trade. I am aiming for 1848 price of gold in the remaning of the week. Stops could be a little more tight at 1816.70, playing it safe here.