Gold continued its downward channel for about two months. And it's showing up today, breaking this channel. I think this up trend could go up to about 1600pt. However, strong resistance can be obtained from first high-mark line (1540pt) , and attention needs to be taken at this section.
But, It's short-term viewpoint. NASDAQ has expanded triangle pattern. This is the same pattern as the previous decline, accessible as fractals.
Crude oil made bearish momentum channel. Bottom of this chennel correspond GAP. This price area will serve as a strong support line.
Entry : 7853.75 Target price : 7865.25 Stop : 7846.00
Hang Seng Chart made short-term downward channel and medium-term upward channel. I make a purchase at the bottom of the upward trend line, and decide on the first and second target price.
The EURO FX failed to complete the double-bottom pattern. Therefore, the buying position will proceed at the bottom of the upward parallel channel considering the possibility of parallel channels.
TOTAL MARKET CAP was break the down trendline. Dominance, on the other hand, is at the top of the channel and is now heading to the bottom. If this trend takes place at the same time, a amazing rise in the Altcoin is expected. In order for this to happen, Bitcoin must continue its current trend.
Bitcoin rebounded in support area, creating a candle signal. If the bitcoin does not break out $10060, it will show an upward trend depending on the buy signal. The first target price is $10825, which can go up to $12,000 if it reaches $10940. Also, pay attention to the flow of Altcoin if the increase is going on. Now the Altcoin can show a rebound flow.
Buy signal. Price Action EW A-B-C , A-B-C EP : 10320 TP :10612 / 10820 SL : 10076.5 1:1.2 R/R
EP : 10750~10776 TP : 10200 / 10090 SL : 10900 Maintain the previous analysis. Bitcoin is maintaining bearish channel and yesterday entered short-term long-position. Set up a new short position strategy based on channels. *Previous analysis
Bitcoin is forming a triangular pattern. Bitcoin will now reach the central price of $10080 and create the final inflection point at $10300 to $10400. Bitcoin is now creating a bearish pattern, and the newly created parallel channels are an important reference point for our short-term trade. See my route.
Bitcoin support in retracement ratio of 1.272. It has the shape of an correction A-B-C wave, and at the same time is a bullish flag pattern. I think it can reach as much as $11030, which is a 200% expansion rate. maintain a buying viewpoint
Bitcoin broke the inflection point mentioned yesterday. ($9850) Now Bitcoin would be a movement for further rise, even if there were adjustments. Target range is $11300 to $11500. You can show head and shoulder movements as draw on the chart. I think it is the most likely.
* A Strategy for short position using parallel channel * 1:2 R/R ratio * EP : 9935.0 TP : 9535.0 SL : 10135.0 * Previous analysis Bitcoin H&S pattern confirmed. I expect go up 9.8k