I am anticipating further pullbacks in BTCUSD due to the lower liquidity and volumes during the festive period but BTCUSD will turn bullish after the new year where this set up will come into play...this is in addition to my last BTCUSD post
USOIL... I still expect a pullback from oil but this consolidation has been extended making a breakout more likely! I favour the upside for a spike to liquidation and sell orders can be met (We closed above major support and the majority of retail are shorting the obvious H and Shoulders. I am not entering this...just for reference.
Hey guys... As well oil I also analyse crypto for long term holdings (not trading). All crypto content will be published free...I love and hate bitcoin but no one can deny the technicals so lets cover the facts before I break down this simple chart. FACTS: BTC IS OWNED BY SOME OF THE BIIGEST COMPANIES AROUND TO DATE THERE IS LIMITED SUPPLY NOT IMPACTED BY BANKS...
USOIL OIL has opened this trading week with a bullish impulse, currently oil is fighting on a bullish zone which requires a lot of drive to break through the zone. With many bank holidays and coming up to the final few trading weeks of the year I see oil pulling back to gather momentum to take it to the next high when the markets get back into the swing of things...