We will know when the markets open Sunday night in the East, for the moment it really looks nasty!!
3.5 years resistance, breakout or over-throws?
Hopefully the ZAR will go back to the 200 SMA @ R13.84
Resistance broken and it is off!!
We have a 3.5 years slanting downwards Resistance that must hold for the SA Consumer.
Next target FIB 38.20% ($11394.08) retracement of the move from $8919.72 ti $13868.44? Is this a bullish flag? Next move to go down, around FIB 127.20% ($7573.67)?
It happened in January 2016 up to October 2018.
Breakout of Ascending Triangle very possible. This is the Bitcoin show.
Just the Weekly 200 SMA stands between Bitcoin and the total destruction of #Altcoins.
Will Bitcoin and the 20 SMA kiss and make up or only next time?
Short term we are bearish, long term it does not matter.
The retest will be around R15.00.
#USDZAR bounced from 200 Weekly MA. If you have to, you will Long the USD from this view. (ignoring ZA politics from this chart)
200 WMA at R13.80. Saffas can just hope. Cycle low, is it in or not? Wait and see.
Bitcoin is back with its 30% corrections in a bullrun. After 5 consecutive green bars, a red one emerge. Support at $9100 and at $7500 (previous two month cycle low).
How Bitcoin move from level to level. The two purple horizontal lines are monthly resistance and support.
The 20 WMA wants to cross the 50 WMA to the upside, happened Oct 15 and lots of good bullish times came after that.
A simple view of the Bitcoin Autobahn since the 4-year cycle low