Fib resistance and drop in long positions. Entering short in the red box
At the moment I'm neutral with bearish bias. BTC had a strong reaction from 5400 level, but it hasn't made a higher high yet. I'd like to see PA in the grey box. If we do not see follow through 5000 is the next level to watch.
We hit a significant level on the weekly chart. Indicators confirm reversal. I'm buying at 0.618 0.5 and 0.382 fib extensions. Stop around 0.009 www.tradingview.com
After the previous fork there was a healthy bull run fueled in part due to BCH sell off. I believe we can expect a similar scenario here. For confirmation wait for a pullback after breakout.
All the major news for Aussie is out for this week, so I don't expect major market reversals. Price reached into Weekly and Daily resistance level and reversed sharply. Daily and 4H indicators are both overbought. I expect a deeper move lower. To be extra safe you can wait for price to breach weekly resistance to the downside and look for shorts after that....
After failed short this morning it looks like Cable is targeting 1.31 EURGBP and USDX confirm direction
Yesterday was a big reversal day, so today we can expect for the lows to be taken out. Price is making a correction into a premium zone. Great short opportunity in my opinion.
This looks like a correction move on BTC. General downtrend and indicators confirm further downside OKCOIN:BTCUSD3M