After Palladium has had a recent correction it retracted to 0.786 fib, in fact it ran some further and triggered some stops in typical fashion. Right now it is below
that line. Notice the large top wick of 62 points (worth $6200 for one contract) . This is an indication that bears are still in control for now. Shorting here will give you a nice risk reward ratio....
Last time when KRAKEN:ETHUSD broke the trend line on May 17th , the bullish altseason was over and investors who are holding this cryptocurrencies have had major losses. COINBASE:BTCUSD has continued it's downward trend as well. The red arrow indicates where ETH is right now, if it breaks current support there might be more pain ahead for alts.
Happy Sunday everybody ,
All 10 altcoins combined , namely BITTREX:ETHBTCCOINBASE:BCHBTCBINANCE:EOSBTCBINANCE:LTCBTCBITTREX:ADABTCBINANCE:XLMBTC increased 6.6% today relative to COINBASE:BTCUSD
On the chart a higher low is easily visible , which might be a significant set up for higher highs.
In my opinion there is not much in the way for COINBASE:BTCUSD to touch the $6500 level that it was on April 6th'18. Liquidated my $BTC position and hope to pick up 1/2 at $6500
Risk: If there is a SEC announcement regarding cryptocurrencies for less regulation it will jump sginificantly within a day
BINANCE:SALTBTC has made a higher low on impressive volume. It's a lending token that takes cryptocurrencies as collateral, no credit score asked.
In my opion it will outperform BITFINEX:BTCUSD . current market cap 213 M which gives it plenty of room to grow.
As a bonus it will presented today at Consensus2018
AMEX:GLD has been trading in a range. If today's movement closes the white candle as is it will be bullish engulfing candle, which can set up for a big jump to the upside with room to run.
The increase comes despite an increase in the dollar index, possible fueled by Trump's attempt to cancel Iran deal.
Bot July 125 call options. Will announce when to sell.