gmaster29

BTCUSD has recently broken the major support up-sloping (yellow) trend line and bounced off at major support level 25300 (level 1).. I expect BTCUSD to consolidate between 25300 to 27300 in very short term as shown in blue arrows.. before it picks up a direction either upwards or towards.. I have marked 3 support levels in green and 3 resistance levels in pink.. Will let the charts play for next few weeks till we get a clear direction. Short term its looks oversold, I think we'll see some pullback in US 10 Year yield and a short term bounce in all risk assets.BTCUSD has been trading sideways for last 7 days and is forming a bear flag.. I believe the trend is getting biased towards downside and would retest the immediate support levels 25338 , 24750..

BTCUSD CMP - 21818 BTCUSD was consolidating sideways for last 3 weeks between 22300 and 24200 , highlighted in rectangular box and we saw the consolidation break down today. This is a short term trend reversal signal, with immediate target 21478. This was a previous breakout level and should show some support , failure to hold this level will move BTC to next target 18800.. This a a strong support level and we should see some bounce off that level. If that level breaks, we'll looking at target 16500 and 15500. Let me know your thoughts in comments.Target1 - 21478 achieved on 10-Feb, low was 21467.. It hit this support level and bounce immediately .. it will retest 22300 resistance levels.BTC hit 22300 resistance levels yesterday.. trying to break to upside.. need to wait and see if it has buyers supporting the strength.Bearish pattern failed.Bearish pattern triggered.. Support 21478 is broken.. next target at 18800, 18603 support levels..

Bitcoin is hammering against key resistance levels at 18500.. Downward channel (white) and horizontal red line.. Breakout from the channel and resistance line will push BTCUSD towards 21000 target close to 200 EMA and previous pivot high.. Failure to breakout will pullback the price towards 13000 hitting the lower end of the white channel. Lot of the price action is dependent on the December CPI numbers tomorrow.. Investors are positioning for lower CPI numbers which would slow down Fed interest rates hikes.. But any negative CPI numbers news will pullback all the recent gains. Let me know your thoughts in comments section.Momentum is still upwards.. I believe BTCUSD is heading towards 21000 target soon.21000 target reached today. It hit the previous pivot high and 200 EMA around 21300 and pulled back. If the momentum continues next target would be 22750, 25000.. Failure to carry momentum will pull back to 18500 support level.22750 target achieved on 20th Jan.. If it consolidates at this level for few more days, next 25000 target..

Barrick Gold formed Inverse Head and Shoulder Pattern, and break out today. It might go lower a little bit and test the trend line in next few days or weeks. Eventually it's going to raise to $22.5 and test the strong resistance. Long term very bullish, target $60 by 2023.Barrick Gold recently broke the inverse head and shoulder pattern and it had a good short term bounce. Usually all breakout tend to come back and retest the breakout line for strength. Expect Barrick Gold to fill the gaps and retest 19.6 levels and bounce back up to test the larger resistance trendline line (blue) , then 22.5 and breaking out big.