Another concerning indication of a downward trending market...
More here on Nat Gas entering a bull cycle, in my opinion.
On this monthly chart it is very clear that we are in an oversold condition and that a break higher is upon us. The outlook for months will be generally higher but of course there will be some seasonal fluctuations. Good time to enter a long position and hold for the next few years, in my opinion.
Here is a longer term outlook idea with two potential pathways. I can see no clear indication but personally I would favor a gradual move higher into 2018 with a somewhat similar rising wedge pattern structure that will eventually break down as it has don in the recent past.
Chart showing entry and exit areas. Of course all altcoin analysis is dependent upon the price action of Bitcoin, as the sentiment of these coins follows their leader.
We have begun the rotation into the commodity cycle and ending the equity cycle. The unwind in equities will be apparent into this coming year. I will post a crude oil chart today also that is clearly demonstrating a similar set up. It's not the best time to get in as the current high in gold will see some short term consolidation as the chart shows. In the...
Rads is breaking out and this should be a fairly decent rally as the 20 has moved up through the 100 on the 4 hour chart. Targets indicated but please use your own judgement when to exit.
Digibyte breaking out and this should be a fairly decent rally over the next 24 hours.
3RD Wave breakout expected in this classic fractal 3 wave structure. Target indicated.
Just an idea, please don't take this as trading advice.
Looks to be wining up momentum for a break higher. Bollinger bands are getting pretty tight signalling a break one way or the other. With the divergence on the Stochastic RSI it indicates to me that it wants to go higher. It seems to be benefiting from BTCUSD moving downward. This is just an idea.