Waiting for Bitcoin Correction? | 22 December 2017

Bitcoin Weekly review:

Wave Analysis:

Perfectly as previous;forecasted, bitcoin rose tremendously to the upper side and is still pretty much bullish on almost all the time frames. During this trading week, we expect a possible price movements and should breakout above 20,000.00. On the daily chart above, we expect a minor correction to the lower side before and upward thrush is seen. The anticipated bullish price rally is merely the continuation of the impulsive wave (5) to the upper side and should break above 20,000.00 towards 30,000.00 or even higher. This Cryptocurrency should be traded alongside the others such as Ripple, and others. Ripple have a potential of rising towards $300.00 in the next few years.

Trade Recommendations:

Wait for a correction to the lower side then buy Bitcoin towards 20,000.00.

Ford Motors Weekly

Wave Analysis:

As previously forecasted, the red  impulsive wave (3) stretched slightly to the upper side but  is yet to show any significant move to the upper side. We're waiting for stagnation above the resistance zone  12.41-12.37 to buy this share with an ultimate target at 13.85. The anticipated bullish price rally is the continuation of the impulsive wave (3) to the upper side  and should halt around 13.18 before pushing further up towards 13.85. According to the current chart set up and structure, only a buy position looks more ideal and can be recommended especially as long as the price remains above 12.41. Should the price go below 12.41, then I expect a drop towards 11.86.

Trade Recommendation:

Rebuy Ford Motors shares around 12.41 with your target at 13.85.

DeutcheBK Weekly Review

Wave Analysis:

DeutscheBK share are yet to make any significant move to the direction previously forecasted. During this week and possibly in the coming weeks, we expect a possible extension of the impulsive wave (i) to the upper side and should breakout above 20.98, so that we continue long with the impulsive wave (iii)  towards 25.93. If you're not long already, then we recommending waiting for a break above 20.98. In the meantime, for intraday traders, wait for a rise above 19.30, before looking for a buy signal towards 20.98. According to the weekly chart above, only a long position looks more ideal and can be recommended towards 20.98 and the next target at 25.93.

Trade Recommendations:

Remain long with an ultimate target at 20.98