giorgiovie

giorgiovie

Gold is a buy here for a bounce back to 1725, could wait 1700-1705, but RSI is already in oversold position so we should have a bounce here back up to resistance. This is not a financial advise just an idea.

giorgiovie

BTC is not going up or down , it is inside the box 20500-19500, still waiting to decide if is going up or down, the wedge is not playng out as it brooke up but with no volume , basically is a choppy movement , little down and little up , at this point the two level to watch are 19500 and 20500 if it break with volume in one of the 2 directions will just folow it,...

giorgiovie

ETH is moving out of the descending channel, but is going to face a strong resistance at MO, so the trade is to sale a bounce to 1680-1710 upper end of the ascending broadening wedge if it gets there with objective of 1578

giorgiovie

Gold , buy a bounce off 1700-1705 support area to 1720-1725 ; gold is approaching a main support area , not sure it will touched it , but if it will buy the bounce to the 1720-1725 resistance.

giorgiovie

Gold is at support at 1720-1725, i think is going to bounce to 1733 and than probably get rejected down again at the channel upper boarder, at this point i would sale a breakdown of 1720 to 1705 or a rejection at 1733 back to 1720, or i would be a buyer on the 1700-1705 area; generally i am neutral at this level as it is an important level with strong support.

giorgiovie

BTC is at the end of the wedge, so could either break to the uspide or to the downside, technically should break down as it is in a downward channel, but nobody can say that cannot move up, so I would stay neutral and buy or sale a break of the wedge and retest with volume , the last fake break up was without volume and 19900 support was broken, i did nt take any...

giorgiovie Updated 

I will stay bearish on ETH until it breaks the descending channel on 4H with volume, infact ETH is still moving inside a descending channel , it needs to break first 1550 and than 1600 before changig my view ; i still favour shorting with tight stop , it is visible that ETH has broken the descending wedge and found resistance at the upper border of the descending...

giorgiovie

I think BTC is a try to buy just for a bounce off the wedge to 21250 , would be good to enter arount 19900 with stop at 19300 with TP at 21250, the descending wedge could play out, more cautious could be to buy a break and retest.

giorgiovie Updated 

US Dollar is starting the week strong and gold looks weak , it is moving down inside a descending channel on 4 H and on 1H , next strong support is 1700-1705 and than the area of 1685-1690, if gold does not get back over 1731 soon we can see a bounce in one of these two level of support; i am looking to sale a bounce to 1730 if it gets rejected or a bounce off...

giorgiovie Updated 

ETH is bearish inside a descending wedge , i preferred salling 1450 to 1410 or 1362 , but as ETH is inside a descending wedge it coudl either break out to 1505 so i would be cautious on shorting at this point and eventually doing it with a very tight stop; i would not buy a break out of the wedge as it could be a false break out, i would still preferred to short...

giorgiovie

BTC is weak and dollar is strong so it is moving down, as it is inside a descending wedge we could see a moved out to 21000 if it breaks out or a move down to 18000, i would wait for a touch of the wedge to go long or short , favouring still the short side or a break and a retest on both side, realy it is a difficult trade like ETH, probably preferred to wait and...

giorgiovie

BTC is weak and dollar is strong so it is moving down, as it is inside a descending wedge we could see a moved out to 21000 if it breaks out or a move down to 18000, i would wait for a touch of the wedge to go long or short , favouring still the short side or a break and a retest on both side, realy it is a difficult trade like ETH, probably preferred to wait and...

giorgiovie

As predicted ETH is bouncing off 1470-1475 that is the first line of support, it is under DO, if it is able to overpass it we can see 1530 and 1560 ( good spot to short ); i look to sale any real bounce, always checking RSI prior opening a position that is on overbought condition and try to sale on resistance with tigh stop; ETH looks weak i do not see any real...

giorgiovie

ETH is crashing down, i am looking for a bounce somewhere prior 1529, as the pair is in oversold condition, but if it breaks down the next two level to watch are 1475 and 1364 ; I would sale a bounce as soon as it occurs with cautions and with tight stop, but ETH looks very weak

giorgiovie

Gold is going down to support area, could be good to sale a bounce to resistance at 1743-1745 with tight stop or waiting and buy at support at 1700-1710 area

giorgiovie

BTC is breaking down, it is not able to overpass 21800 and now is breakind down the support at 20800, next stop could be 19800 and than 18000 , i would sale any bounce into resistance .

giorgiovie

ETH and BTC are down , ETH should bounce off oversold condition and support to 1629-1640 , that spot could be good for shorting down to 1529 ; always with tight stop as the sell off is news based

giorgiovie Updated 

BTC is moving in a box for about a week inside 20800 and 21800, now is forming an ascending triange in overbought condition so the down move is favourite on the upper move, i do not like triangle formation as they are very difficult to deal with on where we go, but in this case the down side should be the better choise always with tight stop