Nikuma

Nikuma

Key resistance around 15.000 points. I expect at least a short-term pullback before continuation.

Nikuma

Wait for a break, retest and resumption to confirm the W-pattern.

Nikuma

I expect BTC to go up from here and breakout from this triangle consolidation. Price just hit the Fibonacci golden pocket which offers a good long entry.

Nikuma Updated 

ETHBTC is testing support of the W formation which offers a great entry point for a long position with a tight stop loss.

Nikuma

Bitcoin is currently in a nice triangle consolidation pattern with an orderly drop in volume. I expect a breakout very soon with a first upside target of 69000.

Nikuma

The DAX just reached a major horizontal level of resistance which also coincides with the 0.782 fib level.

Nikuma

The red dashed line indicates the opening at 9 am CET. We have a series of lower highs and lower lows and couldn't get above the pre-market highs indicating a potential short term pullback. Most indicators are overextended on the lower times frames supporting the notion that a small pullback is overdue.

Nikuma

The trade setup offers a nice risk to reward potential.

Nikuma

SPY just touched the 200 SMA on the weekly TF and all major moving averages are still pointed south. If we close the weekly candle outside the Bollinger Bands it is not looking good for the bulls. The momentum oscillators still have plenty of room to go to the downside. I expect more downside in the coming weeks. The next target is 210.