Here's the Wyckoff Market Cycle as imposed onto Bitcoin $BTCUSD for the last 30 days price action.
With one more leg down into $391, we will complete this pattern.
Great buy opportunity if it goes to $391, and stays below $420 for a short period. Bullish for a 4-5 month time frame.
The gold run too fast, and it happened before. But the main longer trend is still bearish. And The only Question is when it turn back to bearish. Look at the USDOLLAR index. The price is testing the 12000 support level for USDOLLAR and next will be 11800 support. I see the money go to Yen and Gold and few on Euro. And i am looking to selling out on those 3...
First USDCAD is in very bulls move in very long run, and the priority is bulls setup here. But now there is a potential for short term bearish move to build 'BC leg. I will be very bullish when it comes to C leg, 1.2900 area or the last support is 1.2700 (but likely it won’t come this low).
This bearish correction are base on analysis as below :
- Sentiment...
The latest intra-day candle in Encana seems to demonstrate a classic Wyckoff spring at a support level. There seem to be willing buyers below the current support level. This looks like a pullback in a trending stock to be bought.
