BTCUSD Weekly Review
Wave Analysis
During the previous trading day, the Bitcoin rallied to the upperside and is no 21079.35. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside is expected with an ideal target set at 25000.0 and may likely extend much higher. The anticipated bullish price rally is the continuation of the last impulsive wave (5) will see the price rally towards the target stated above.
Trade Recommendations:
We're buyers towards 25000.00.
Dow Weekly Review
Wave Analysis
During the previous trading day, the Dow rallied to the upperside but is still below the upper trendline. As long as the price remains below this trendline, I expect nothing but a possible momentum to the lowerside. As it is right now, I am waiting for a rebound from the upper trendline to pick a possible long term sell position towards the lower trendline, if the price breaks and closes above the upper trendline, then a momentum to the upperside is expected.
Trade Recommendations:
Watch for a sell along the upper trendline.
Brent Oil Weekly Review
Wave Analysis
The Impusive wave (c) continues to rally to the upperside and is not showing any signs of pulling back, on this chart, we are looking for low risk buy positions expecting a possible accellaration towards 100.90 and may likely extend much higher. If you are on this chart, expect a possible break above the upper trendline. On the flipside, if the price breaks below the lower trendline, then we will be looking for a sell.
Trade Recommendations:
We're buyers towards the upper trendline.
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