Weekend technical review - Bitcoin, Ethereum, Steem, Yen pairs, Gold etc
Reviewing some tech charts for the week ahead. Cryptos, Gold, oil - all feel like there's somehting in the air. Datawise we have quite a heavy week culminating with the Non-Farm Payrolls on Friday, which can completely destroy the dollar or help it gain its footing. Everyone trade safe!
STEEM/BTC last stand area here. Minor supports there are a dime a dozen of them lower. Anyway most cryptos move in lockstep, for now.
ETH/USD yeah, no. Nothing bullish here yet. Get a move on!
BTCUSD unable to close above that daily top box keeps us in a large daily range, nothing less. Buy low, sell high until then in intraday ranges.
AUDJPY. Now it gets more interesting. With RBA on Monday against Tuesday night and all that North-Korea bullshit about them being able to hit US, risk might happen fast on $AUDJPY. We're spot on that 50% large fib
AUDJPY daily keep an eye on this top. Risk happens fast. Or it doesn't.
NZDJPY same, keep an eye here too.
EURJPY still worth watching
GBPUSD weekly move feels incomplete but i think we're gonna struggle soon, give or take a few hundred pips
GBPUSD Some areas on the upside should we squeeze more
GOLD with every hit on the 1300 lvl the chances of it holding are getting lesser and lesser
GOLD monthly. The month closes on Monday but so far i am liking this candle
And as a last reminder - USDCAD. Congrats to those who are short, but the daily sentiment index is heavily against you. This market has been heavily trending and has still much more room to go (measured move is not even close to being done) but CAD DSI is 93 and DXY is still 8!
WTI oil - trendlines dont make the price stop but are a great visual guide. Looking for shorts. Oil can be a heavily trending market so be careful picking a top.
WTI oil hourly chart
You got my vote and a resteem :)
Steem is right on it's trendline. I think most altcoins will see huge gains next month but Steem is definitely one of my favorites because it actually is being used and its needed as a commodity.
yeah not really sure if we see any big moves before the btc split, im in favor of cryptos bouncing, but best not get into predicting game :)
Agreed. Not before but certainly after! Let August rain down green plentiful days of bull running mayhem!
Nice post and nice analysis. Followed and resteemed.
Tomorrow we have another week, other information ... I can barely wait for them!
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Nice Article
Thanks for post
@Princeraja