Dark Cloud On Bitcoin | 29 December 2017

Dark Cloud On Bitcoin
Dark Cloud On Bitcoin

 Technical Observation:
On the weekly chart above, a dark cloud formation was seen when last week’s candle engulfed the previous week’s candle. This is a potential bearish dominance signal,  while the  is still above 15434, I’m very optimistic that this crypto could plummet towards $10,000 or lower to $3543.00. On the way downwards, the key lines to look for include $15,000.00, $10,000.00 and $5000.00. If these lines are broken, then a decline  towards $2000.00 is expected. Notice, it was after a gap towards 19,055.00 that Bitcoin sheded off, this crypo could as well rise towards $19,055.00 before eventually decline. If the price gets above $19055.00, then  rise towards $50,000.00 is expected.
Trade Signal:
Sell Bitcoin now towards $5000.0

Lukoil Buy signal:
Dark Cloud On Bitcoin
 

Technical Observation:
After a gap to the lowerside, Lukoil  got contained above the supportive zone 3294.6-3273.4 and is still pretty much above this zone, while the price is above this zone, I expect a clear rejection signal from this zone to long Lukoil towards  3500.00. If you bought Lukoil based on previous forecast, you can rebuy Lukoil now towards 3497.00 or even higher. At the moment, only a long position can be recommended, but if the price breaks below 3273.4 with a big red candle, then this will a possible bearish breakout and may call for a short position towards the next support level seen at 3000.00
Trade Signal:
Buy Lukoil now around 3284.603273.4 towards 3479.99
Brent Buy Signal
Dark Cloud On Bitcoin
 
Technical Observation:
No significant move has been seen on this commodity despite last week's analysis that it could rise. While the price is above 57.50, I expect a spike to the upper side with my first take profit at 67.24 and next take profit at 81.90.  If you're not long already, you could wait for breakout above 67.24, then a pullback to the same line to pick a long position, or you could buy now. As it is on the weekly chart above, long positions looks more ideal and can be recommended towards 67.24. Sell positions may only be reconsidered below 57.50 towards 45.07.
Trade Signal.
Remain long towards 67.24
 
 
 
 

 

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Imelda Maseno
Analyst of «FreshForex» company
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