Generally not liking the movements and the way in which bitcoin is trading. A strong weekly close above 42,000 area would bring the 45,000 area in target where i believe a monthly close above this area is needed for strong continuation.
Otherwise i would say we are bearish with Resistance and support levels noted below.
R2 = 44839
R1 = 41486
R1 = 39107
S1 =...
Although short term i anticipate that price action falls with Gold/USD struggling with the $1950-$2000 area. Profile damage i believe will not be long lasting. Cup and Handle pattern in play with a continuation breakout of 56.77. I have used Fib retracement levels from the base of Cup to current pull back levels to gauge depth of handle (RSI similarly down-ticking...
Daily Ethusd requires some rocket fuel to reverse into a positive position again. Current set-up is bearish on daily chart. A close below 2300 suggests further downside. An inverted pennant is drawn which would suggest a bear market floor of 392. Off course this this would be invalidated IF. A daily candle closes outside upper boundary of Pennant. Reversals may...
