Hi Dear Traders,
There is a possibility that we will have an bullish cycle and on the other hand a fall in the stock market indices. Approximately until August 12, there is a chance to trade on both sides. And then looking for short on stock.
Have a good trade.
As you see, We have rising wedge over S&P chart. So. it depend on play below wedge for a few days. Then we have confirmation for short again. If we look at the previous bearish patterns, We have similar waves and I think it will be copy 10, 15 or 35 negative percent. So, I just publish my idea with 2 scenario.
Best of luck,
As you see, we have Head and Shoulders formation. But the neckline is not broken. The two candidate levels are for Bitcoin to return below $10,000 area. 37770 and 41330. Waiting for July 18 to complete the pattern.
Do not forget to setup your stop lose over 41330.
The key level of Gold is around 1747~1751. Buy near this level is low risk "for mid term". If we stay below 1747 then target is 1555 at least. If you long above 1747 your target is 1917 ~ 1955.
Please setup your stoplose in safe level.