As you can see on the 4HR chart bitcoin seems to be creating an inverted head and shoulders formation, this is an extremely bullish pattern, for me to enter a long i believe we should wait for the price to break the neckline which would include breaking the 200ma for our entries.
On the 15 min we are seeing a formation of a bullish falling flag. Price has broken...
As we can see Silver has made a very bullish impulse move up to a major previously tested resistance zone forming a triple top and is also a confluence with the downtrend line as marked.
The bullish impulse move is loosing momentum as seen on market cipher so expect a possible red dot formed on the indicator, if this is formed then expect a large move down...
We are again seeing a similar setup with Gold/USD
Price has come to meet a major support zone and we are seeing rejection of this zone. There are many fundamentals behind this trade also, yesterdays FOMC announcement and the major stimulus package released again by the US government which is weakening the buying power of the Dollar which in turn will increase the...
As we can see, the price has reached the bottom of a tested and tried support zone, we are seeing a loss in momentum of the downtrend move and on market cipher on the 4HR there is a buy signal formed.
On the other hand if we see a break of this support zone it will do one of 2 things, Wik out and therefore reject the support zone or it will close below this...
