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Weekly overview: Oil Gold BTC ETH LTC. Bears are live!
Here I focus on swing trading and the trend over the longer term (a few weeks/months).
Winter is over and bears have awoken, and they are hungry for blood.
*** Oil ***
Trend: Bullish.
Recommendation: Long.
*** Gold ***
Trend: Bearish short term, possibly turning bearish longer term.
Recommendation: Long it on 1250-1265 depending on several factors. Reassess if it goes up & short.
*** BTCUSD ***
Trend: Bearish.
Recommendation: Short it to the ground! No pity for those that wanted to profit from a ponzi.
*** ETHUSD ***
Trend: Bearish.
Recommendation: I doubt it goes to 700 but if it does short it. Might be at its highest right now.
*** LTCUSD ***
Trend: Bearish.
Recommendation: the joke is over. Short at the top of the descending trendline, where all the moving averages are.
Winter is over and bears have awoken, and they are hungry for blood.
*** Oil ***
Trend: Bullish.
Recommendation: Long.
*** Gold ***
Trend: Bearish short term, possibly turning bearish longer term.
Recommendation: Long it on 1250-1265 depending on several factors. Reassess if it goes up & short.
*** BTCUSD ***
Trend: Bearish.
Recommendation: Short it to the ground! No pity for those that wanted to profit from a ponzi.
*** ETHUSD ***
Trend: Bearish.
Recommendation: I doubt it goes to 700 but if it does short it. Might be at its highest right now.
*** LTCUSD ***
Trend: Bearish.
Recommendation: the joke is over. Short at the top of the descending trendline, where all the moving averages are.
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