BTC did an amazing run in 2017. Now it's time to reset some indicators and go back to the bullish log channel we left during the mania mode.
This doesn't mean BTC is dying or anything, we just need a healthy correction and might as well see the current price of around 12500 in February.
Last time we broke such a long consolidation triangle down was again because...
Silver built a perfect cup and handle in the past month and now it's primed to go up.
Gold has been the leading metal as usual and watching most USD pairs you can see they as well broke out from old resistances.
The weekly resistance for silver, which i'll show in the updates, should break once the cup and handle plays out. This will send us to 21-25...
Another trade I am not actually taking. Usually I just try to buy the dip as it's safer. It's obvious the manipulation in the index will continue as long as possible but the current situation doesn't look very good from technical perspective.
We have a long developed bearish div, a rising wedge and a reversal spinning top candle on the 4h.
Please share your...
Big bullish div forming, seems like the cloud was a nice support. OPEC meeting didn't bring anything positive for the OIL so we can expect the usd to get some ground against cad.
Stop is at previous low.