Hello to all,
First AB=CD as shown with bold black lines has reached its target in the purple channel.
Now it's the second AB=CD's turn. I shown it with the bold dark blue lines in the purple channel again.
Stop loss if daily closes below 22.40
I was waiting for 2 green candles to trade BITCOIN after it touches the moving average and shows its own channel's lower limit just right there.
So with today's candle close I think that I'll have enough excuses to expect a raise in the price.
A technical analysis about GOLD price... If it will continue to fall or finally can make a breakout?
I think we are going to know it anytime soon.
I'll be on the bullish side if the price manages to break above the key level marked with the gray area (nearly 1750 USD). In that case I think prices will follow a path similar with the green bars pattern shown...
BTC could not hold on within its uptrend lines and now creating a new trend which goes down (the red lines are indicating). If BTC can make support itself the 8300 fib. retracement level then it may be a chance to rise again.