in my opinion this is the end of Elliotte wave 5th ,it's coming down to support Zone for absorb energy to going up again.
my support zone is around 60,000 -50,000 USD
BTC will going down until end of wave 5 in correction wave A .
it has target around 25,000 USD.
If EMA50 cross EMA200 in time frame day, it will making a big short volume please beware!!.
1. Head and Shoulder pattern make a reversal pattern.
2. Hidden divergence confirm this condition to bearish trend.
3. Target in Long term go down around 1680.
If price rise up over 1910 all of this condition fail!!!.
Please waiting for reversal signal about ending wave C .
Gold/usd in my opinion it will going down and make a new low.
((((Analysis in Days time frame))))
After FED announce interest rate decision 0.25% unchange it has effected Goldspot rise up to 1740 and it will continue upside to strong resistance zone at 1760.
After end of weekend Gold came down to the support zone 1720 and lowest at 1717.
Gold spot will rebound to the resistance zone 1775.
Please analysis between Dollars index and 10 y bonds.
After the FED announce about QE, Gold still cannot break the resistance zone at 1812.
In my opinion it's come down to test next support zone at 1785 if it's break down at 1800.
