Traders,
Bitcoin has crushed the 48k barrier finally. And with that we are on our way. The long-time Cup and Handle Pattern that I have been alluding to for so long is now in play and tells us that we should easily reach 80k this year and maybe as soon as mid-summer.
With our 48k on the underside of price, we can now expect to use this as support. We also have...
XAUUSD is trading in ascending symmetric triangle on its hourly chart.
The price has reached its first target 79%: 1864.29 following with a retest of the breakout: 1826.11.
Symmetric Ascending Triangles tends to retrace once the first targets are reached before resuming the trend to the 2nd targets.
EL: 1826.11
ST: 1812.01
Target2:
127%: 1889.32
162%: 1906.57
