Look to next level of resistance if ~111.4x is regained. Otherwise, we may visit ~108.2x in a week or two.
Bitcoin remains bullish as long as it makes a higher low on longer time frames. Note the pink trend line that spans from the end of May 2017. Hold this trendline for "BTFD" - otherwise, "GTFO".
Similar to Bitcoin, there is a longer-timeframe trendline that could pose useful if it holds. Hold tight stops as continued pessimism on the stability how of crypto could play fundamental part of our everyday lives. Expect GDAX refunds and news on expanded uses to be positive. Expect expansion of alternatives and further crypto-saturation to be negative.
Previous analysis used daily trendlines to dictate entry points. Using smaller timeframe to breakdown technicals and identify areas of support and resistance for tomorrow's API numbers.
Oil continues to be volatile at the channel bottom. Bullish technical signs: -Oil showed strength at the open and made a higher high from both the preceding Thursday and Friday. -Oil back-tested the down-ward RED trendline -Pink trend seems likely, although, traditionally this specific rally has taken the Green route Bullish fundamental signs: -Oil is now at a...
Apologies for the repeat post - updated my lines onto FXCM ticker instead of TVC because TVC does not show daily volume. I will update from this chart here :) Oil continues to be volatile at the channel bottom. Bullish technical signs: -Oil showed strength at the open and made a higher high from both the preceding Thursday and Friday. -Oil back-tested the...
Technical: Bullish case: channel bottom and severely disconnected from moving averages. We see potential closing above a down-trend for the first time in 5 weeks (above 42.96 to accomplish this). If pattern holds, find yourself at the top of the channel (~49.25) within 2.5 to 4 weeks as the spike is has historically been faster than the fall. Bearish case: Below...