Bitcoin has been trading inside of a channel from as far back as 2013. We have seen 3 bounces off the upper trend and arguably two bounces off the lower trend. Bitcoin has recently made a new all time high and now its looking like its on another bullrun. Using Fibonacci levels from the previous moves we can see that initially Bitcoin hit the -15 Fib at $19,931....
Using a variety of technical methods as well as combining previous price movements and structure we can see that the S&P500 is very very close to a potential all time high and end of a bull run, of 6100 - potentially a push to 6450. Fundamentally, this coincides with the current landscape being set out by Trump, with his harsh tariffs on Canada, Mexico, Europe...
Gold is consolidating in a lower timeframe channel. We can enter at the 0.5 fib which coincides wiith dynamic support. Target of 2680-2700. 3.5 RR Alternatively we can wait for a bounce off the lower trend, however this may not be hit.
Likely to see 2455 hit in the next two weeks, with potential resistance levels of 2580 & 2600 should it test these before dropping. Neither of which may get tested. The old stall and fall is more likely to play out. From 2455, we should see Gold come back up towards 2600, maybe even 2670 before continuing its descent. But first things first, short now and a buy...
Big Op 1:12 RR short on EURNZD. Huge potential.
Would explain more but busy atm. Gold short down to 1220 en route
A very nice low risk high reward short trade setup for XRP with a sharp decline 1:4 Risk to Reward, with a potential of 1:6. Margin short on bitfinex brings that up to 1:12 / 1:18 Risk to Reward in a very short space of time. LOTS of money to be made, allowing a sniper entry long if XRP hits target two of $0.33. XRP Is currently overvalued, and needs a sharp...
BTC Short 1:16 Risk Reward As this is a fake bull run and we are coming close to the end of May, we need BTC to close below or around $6,800. Today is the 30th, meaning we have today and tomorrow to fulfil volatile price movements to the downside over the next two days. This will allow Bitcoin to remain "semi-bullish" as the fake out value of 10-12k USD has not...
BTC has just seen a weekly push up, near enough an Marubozu, at which point BTC was over valued, hence the indecision candle of last week 08-04-2019. This week we can see that BTC has come down to test the supports: Daily 20 day Moving average The 1 and the 4 month 10 Day Average The 2 week 20 day Moving Average And the weekly Upper Bollinger Band which...