Dear Traders,
Bitcoin is building a bearish triangle chart pattern which could create a new low and a V reversal pattern at the round level of $5k. Gold is testing a key support trend line. The stock indices are building a bullish triangle.
Bitcoin is building a triangle chart pattern, which could break to both directions. A bearish break and test of the $5k round level seems most likely. This support zone could create a bullish reversal as well. Traders need to keep an eye out for the triangle breakout and the bullish reversal.
DAX30 and S&P500 are building triangles too but the pattern looks more bullish. Gold needs to break support before a bearish ABC pattern is able to start.
Check out the video for the full analysis and trade plans on 7-13 June 2018:
Good trading,
Chris Svorcik
Elite CurrenSea
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