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Bitcoin Down; Oil Waiting For A Trigger

By Alpari Research & Analysis (Tomasz Wiśniewski)Market OverviewSep 18, 2018 04:44AM ET
www.investing.com/analysis/bitcoin-down-oil-waiting-for-a-trigger-200344371
Bitcoin Down; Oil Waiting For A Trigger
By Alpari Research & Analysis (Tomasz Wiśniewski)   |  Sep 18, 2018 04:44AM ET
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First video this week starts with the analysis of Bitcoin, which for the past few days is locked inside of a rectangle. This pattern is trend continuation pattern and it was created after a huge drop, so we assume that...it will result with a drop too, especially that the ultimate long-term support is near!


Next one is the GBP/NZD, where potentially we can have a double top formation on the long-term highs. Sentiment is still positive and we are not talking about a reversal but this can be a good trigger for a mid-term correction aiming the support on the 1.975


Crude Oil WTI Futures is still locked inside of the symmetric triangle pattern and cannot chose the direction. Bearish breakout is supported by the bigger H&S pattern and the bullish breakout is supported by the main trend and the smaller iH&S formation. For now, it is too early to say, which way they will choose but we have to stay sharp!

Bitcoin Down; Oil Waiting For A Trigger
 

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Bitcoin Down; Oil Waiting For A Trigger

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