Bitcoin broke back up today.... I just took another look at the weekly chart.
This time it could absolutely test all time highs of $1000? very likely, just watch for the break of $800... (otherwise, double top)
Aligns well with USD, almost breaking up of triple top with a possible 20~30% rally ahead, which will cause massive massive yuan...
Key neckline breakout.
The low of wave 4 is probably seen by now, and will not move much lower. (previously 1.28 was still possible)
Q3 exports was down a massive 4.9%.
Trump presidency that will render the current Transpafic Partnership (TPP) under discussion obsolete.
Increasing competition from regional ports (such as iskandar malaysia), and China's Huge...
All in with stops at $41... oil is going much higher soon.
strong bullish movement here with constant rejection at $41
It looks unlikely that we might see an September/October market crash if oil starts its next big leg up here, which is historically volatile.
Any confirmation of uptrend may easily bring SDRL beyond $5~7. This is a pretty nice proxy to play on...
Overpriced at the moment however..
No short zone, until Q1 2017 at least.
As usual, buy the rumor and sell the news. Expecting AMD price to start correcting a little the moment ZEN CPUs are out in Q1 2017+, for short term shorting then long term buys.
The key will be simply keep shorting, with stop loss at every peaks.
There are no buyers out there, and sellers are fearful of a possible Iran agreement to regulate supply. The result will be a slow grind down, until fears kicks in before it accelerates.