I see two possible developments for BTC in the near future. One with a shakeout and drop to the MA20 (moving average over 20 weeks), and then bounce, and one where BTC starts climbing directly. What will happen, no one knows. However, I see the
outcome of both scenarios in a continuation of the bullrun towards 40k+ .
As I got my order filled overnight, first thing in the morning I saw that prices had gone up on low volume which is an anomaly, then price had dropped rapidly forming a very wide spread bar with low volume which is another anomaly. And now prices are moving up on high volume wich is as sign of strength. If the high volume movement lasts to the last swing high...
On FSLR buyers who bought in zone "A" are likely being stopped out on the high volume bar "B". The bar closed above support. Now we are ready to go higher. Target would be around 71,60 USD
Gold was sold off from highs at $1285 after nice move from support at $1241 that I mentioned earlier (find out my idea in the linked chart).
Today, it squeezed below intraday supporta $1264 on CPI data from US but buyers regained power and pushed prices higher above consolidation resistance at $1266.70. After retest it bounced and put series of higher lows and...
