cryptocurrencies are finally showing bullish candles but caution is still needed as the trend remains bearish. Dax and S&P500 are expected to stay in a range and Gold has a tough choice to make.
Bitcoin and other cryptos will need to show strong bullish momentum followed by a higher low and new bullish breakout before price can be considered in a new uptrend. The alternative is the potential for a lengthy falling wedge pattern which could indicate a choppy bearish correction.
Gold is in an interesting but tough spot as price tries to break above key resistance zone. A bullish breakout could indicate an uptrend continuation but a failure to break will lead to a bigger bearish correction.
DAX and S&P500 are showing an extension of the consolidation pattern as expected in the previous analysis. Any bullish or bearish beakout remains dangerous.
Check out the video for the full analysis and trade plans on 14-30 April 2018: