On the daily chart, after a few weeks of action in consolidation on the support from the TOP of the last bull run of 2017, I have prices approaching the valid TL of the bearish move. If price breaks higher it could be a short-term rally for BTC but if price respects the trend it can be a great indication that we are going down lower.
USD currencies have been making significant moves across the board for the past few weeks. The USD strength of last week has technical indicators on reversals this week.
This buy stop is placed about the last high of the bullish breakout (retracement entry was missed so wider stop necessary, adjust lot size for your appropriate risk threshold).
ANticipating...
After initial strong bearish relief and the countering rally of the bulls, the market has been floating in a significant range also forming a symmetrical triangle.
Due to huge resistance and possible gaps in the still overall bullish trendline on 4h. A strong break and close below triangle walls could indicate further bearish relief but strong bullish diagonal...
Gold seemed to have a strong trend convergence, Efficient bearish trend converging with Major Bullish diagonal support. Seeing a massive break possible in either direction.
