Exocet03

Exocet03

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 =...

Exocet03

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...

Exocet03

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...