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Bitcoin will probably keep going up from hereBased on the existing trend I think bitcoin has bottomed out and is heading higher soon, but maybe not at the same pace as previously during the run from 3k to 20k. The thick line is resistance now and was previously very hard to breach. The slope is positive though so there is no need to pass this resistance to keep going up. The FUD has been immense but bitcoin is not DEAD. After a dump like this I think price will go sideways to shake out impatient people. TLDR: The local bitcoin bubble has been popped (as many times before), and I think the price is already recovering.
BITFINEX:BTCUSDLong
by spelgubbe
Gold - easy 4HR and 1D setup - huge P/L potential. The confluence of trend-lines is making the unit quite volatile in this coming week. The '13 0.49% trendline - retested in July 2017 - is the major hurdle, breaking this trendline would allow the unit room to grow up and fight the major 1300 resistance. The world has its fair share of problems, Brexit and terrorism in UK, Trump battles to implement policies amidst scandals, Europe faces migration unrest, political weakening, and also depend on the Brexit negotiations. North Korea keeps crossing the lines. South Africa gold mining (7th largest producer) is also facing governmental interference. This allows us calm traders to rise above the competition and make money amidst global madness. These problems are long-term problems so I expect the unit to rise both medium and long term (2 weeks and 1 month). There is an option to short immediately, however I prefer to buy the unit long. Short-option. If the 1250 resistance breaks, short until the 22nd June when the current trend reverses to the monthly upward Elliot wave pattern. At the current rate this will be on the 22nd June around value 1230, stay tuned for updates. Long-option Wait until the trend reverse around 22nd June, $1240 level and has a good bullish candle. I will update the chart if I am confident to open my trade. Target: 1270 SL: 1230 after entering bull trend. P/L ratio: 5+ Hope we're all excited for this week!
TVC:GOLDLong
by Wolf123
2