In my previous analysis on Bitcoin, I called for a drop to Bitcoin to 7700. I am still confident in my short, and will continue to hold. A breakdown of the rising channel and engulf of the demand zone that was been tested would confirm in my opinion.
Gold continues to be bullish, and as things stand, I am only looking for long positions.
Looking at the daily chart, we have a parallel channel that has formed. What I am looking at is the following :
A move down to daily demand at around 1700, which also coincides with the bottom of the channel trend line.
If PA is bullish on lower times frames, will look...