BTC may correct to 8400 or below (7600, 6400, 5300 supports), along with ETH to 166 or below (144, 130 supports). But, at the bottom of the dip, the play will probably be going into ETH. The trade pair is testing 2016 breakout levels. Its a no brainer.
Break below 1276 I might sit out for a bit, right now I think channel will hold, many miners have revisited prices from December when gold was $200 lower, the central banks gotta refill the vaults, they cant bankrupt the miners. Watch for a bounce near 1280-77 if within the next couple of days or higher if we consolidate in this range instead (preferred). We need...
Coincidence Top BB is aligned with long-term 23% Fib line? Week ended on the weekly 20MA. Bearish hammer but elevated off both trendlines. Truly could be a bordem shake out before a large run higher. Watching trendlines for support and Fibs for resistance.
Kind of thinking we might see gold get rejected at $1336 with some sideways action or a spike to $1353 and fall back down to $1306. Levels to watch, lets see how it plays out. $NUGT $JNUG $GDX $GDXJ $GLD