#Brent #Dax Currently, Bitcoin is cheerfully ignoring conventional trends, instead paying scrupulous attention to a “horizontal trend”. As mentioned previously, the phenomena of ‘The Glass Ceiling’ has been scrupulously adhered to since September last year. This confirmation of a trend is usually a pretty safe signal for future movement and in the case of Bitcoin, it’s at 10,580 dollars.
Visually, movements above 10,580 look capable of providing gains against Bitcoin to an initial 11,744 with secondary, if beaten, calculating at 12,720. Importantly, if Bitcoin opts to adhere is its usual movement ‘rules’, some hesitation can be anticipated at each target level, should the scenario trigger!
Of course, there’s absolutely no certainty we should anticipate future growth. Instead, the converse looks pretty possible.
Weakness continuing below 9,610 suggests downward travel to an initial 8,916 dollars. If broken, secondary works out at 7,665 and we’d hope for a rebound at such a level. The implications, with any breach of 7,665, are grim. The existence of a 3rd level drop target of 6,079 takes the price into the land of ‘lower lows’ with a logical long term bottom at 3,145 dollars.
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
9:43:20PM |
BRENT |
57.29 |
56.12 |
55.68 |
55.09 |
56.83 |
57.35 |
57.5275 |
57.83 |
56.7 |
‘cess |
9:44:45PM |
GOLD |
1584.23 |
‘cess | ||||||||
9:46:40PM |
FTSE |
7416.6 |
‘cess | ||||||||
9:48:39PM |
FRANCE |
6073.2 | |||||||||
9:50:19PM |
GERMANY |
13764 |
13706 |
13691.5 |
13659 |
13758 |
13789 |
13821.5 |
13860 |
13727 | |
9:51:51PM |
US500 |
3382.22 |
‘cess | ||||||||
9:53:54PM |
DOW |
29416.5 | |||||||||
9:55:18PM |
NASDAQ |
9626.67 | |||||||||
9:57:59PM |
JAPAN |
23537 |
‘cess |