For a few weeks now, Bitcoin has been on the gaining end. As long as the price remains above the previous week's highest high, we expect nothing but a possible momentum to the upper side, if your are looking at this chart right now, keep looking for low risk buy positions. The idea here is to wait for pullbacks then pick low risk buy positions. As it is right now, keep long positions open up to around 63k and may breakout much higher.
Trade Recommendations:
We're buyers towards 63k.
SPX500 Weekly Review
According to the chart attached, the SPX500 is currently in an active up trend. As long as the price remains above the Alligator indicator attached, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of an impulsive wave count and should see the price rally much higher. Conservative traders can wait for pullbacks to pick low risk buy positions expecting the price to continue much higher towards 5k
Trade Recommendations:
We're buyers towards 5k
Natural gas weekly review
During the past week, natural gas continued to the upperside and is still very much bullish both on the lower and on the higher timeframes, as it is right now, we are buyers. We're basically waiting for a pullback to pick a possible long term buy position. In case the price break below the lower 200 period moving average, then this will be a good place to consider a possible long term sell position expecting the price to rally towards 3.764.
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