As seen on Bloomberg, Refinitiv (Thomson Reuters), Factset, Interactive Brokers, Amazon,Liquid (Quoine) and Zerohedge, Tradable Patterns (https://tradablepatterns.com) provides daily technical analysis on a subset of three CME/ICE futures (commodities, equity indices), spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation, along with a separate weekly technical analysis newsletter on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD or XRPJPY). For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.
Bitcoin (BTCUSD) saw some profittaking this week, but remains on track with a major bottoming effort near the June 2017 high and September 2017 low. BTCUSD bulls are looking to reclaim the psychologically key 4000 whole figure level, particularly as BTCUSD bumps up against a 1 year downtrend/triangle resistance (on the weekly chart). Some traders when drawing the first data point of this resistance line (in December 2017) will begin the line from the upper end of the body of the highest December 2017 weekly candle as opposed to the same candle's upper shadow's peak. A line from the upper end of the same December 2017 candle's body of course would produce a downtrend resistance level that intersects higher. The weekly and daily RSI, Stochastics and MACD are bottomish or consolidating recent gains. A decisive break above the more conservatively drawn 1 year downtrend resistance line will likely set a new trading range of 4k-6k over the following few months.
Bitcoin (LiquidBTCUSD) Weekly/Daily
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