Cryptocurrencies & Gold ? Ripple Setups Bullish Pinbar after Bearish ABC ?

Dear Traders,

This article discusses and analyses 3 cryptocurrencies: Bitcoin, Ethereum and Ripples.

Bitcoin (BTC/USD) is building a sizeable correction but a continuation higher is likely when the retracement finishes. This could occur after price builds a retracement towards the 61.8% Fib or after breaking above the resistance.

Ripple (XRP/USD) is showing a strong bullish pinbar candlestick patterns after making a 3 wave bearish ABC correction. A bullish breakout could indicate the end of the bearish correction whereas Ethereum (ETH/USD) is pushing higher and is aiming for 1500$.

Gold (XAU/USD) is facing a strong resistance trend line. A bearish bounce could see price fall towards 1150-1100 which could trigger a larger uptrend.

Check out the video for the full analysis and trade plans on 9 January 2018:

• Technical analysis
• Review of patterns, trends, key S&R levels
• Explanation of potentrial trade ideas both up and down
• Beginner friendly, explaining concepts in more detail

See the video below for all of the details

Good trading,

Chris Svorcik

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