Looking to go long $BTC when it trades above 7270 for a move to 8000.
Triangle is getting ready to be resolved to the upside. Can zoom to 50 in quickly as $GLD perks up.
Huge consolidation after waterfall decline. Getting ready to go long when 145.50 taken out on closing basis.
Looks like the bears got trapped in the flush below 200dma on $SPY. IWM strong and encouraging for the bulls.
Gold is looking interesting after years of doldrums. With USD swooning, gold should shine. Measured move after the breakout takes GLD to 158. Best.
A break above the monthly RSI resistance should lift $GDXJ to 50.
Only if the RSI 20 level is taken out as marked on chart.
Bears have been unable to push $BTC lower. I think the triangle resolves to the upside. Going long here with stop loss at 8400 and 1st target at 9500.
BTC remains vulnerable to a break of 14K past the support line. If breaks support line decisively the targets are 12K and 11K. Above 16K very constructive for longs. Trading in BTC has been affected since the intro of futures. The derivatives are for enriching the very big players. Current trade remains short BTC, long ETH.
BTC double topped at about 17K. May drift down to tag 15K breakout level if it breaks 16.3k support.
17K is now history. Strong volume suggest further upside. Not sure about the next target.
Consolidating after breaking the downtrend line. Closing above 15.K will target 16.5K, then 17K. Close below support line will target 13.5K
i was expecting a more energetic move after the resistance break. But BTC is trendless after taking out the downtrend line.
Long abused CARA is prepping up. If any marginal good news comes out of the company I expect CARA to be a big winner in 2018.
BTC may back test resistance line and then move higher. But going back into the channel is a no-no, implying perhaps a false breakout. Time will tell.