Crypto Analysis & Live Gold Trade: 16 Sep 19

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► 16 Sep 2019 – 📈 Weekly Trading Analysis 💸

Bitcoin remains in a wedge with not that much direction either way. The longer that we remain in this wedge, the more extreme price movements are likely to be when we break higher or lower.

For the moment, there does not appear to be any signals about potential moves in Bitcoin. There is no need to trade right now so keep that powder dry for other potential markets.

Litecoin is currently showing some bearish trends. We are currently sitting at a crucial pivot point and we can expect the market to continue dropping (within the next day or two).

Currently there is not enough appetite to reverse the downtrend in the price of LTC. We can see levels on LTC of at least 60 or even $50.

Pound seems to be recovering. Last week I said that we can expect the market to pull back and reverse the negative trend. We are now heading to the next level on the longer trend line. We can expect to see levels of 1.26.

Euro continues the long term downtrend. We have been selling the Euro whenever short recoveries were in place. Invariably, the market would touch the longer term trend line and then fall again.

Finally, we placed a live Gold trade as this market is presenting some interesting opportunities.

Arb Trader Ali placed a live long gold trade at about 1,500 with stops at $1,470 with take profits at $1,515. Watch his performance live!

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► Warning!! ⚡️

Trading Forex & Cryptocurrency is very risky. Make sure that you practice adequate risk management to protect your account.

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► Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. Open CDPs at your own risk!

#Bitcoin #Gold #BTC #LTC #MT4 #crypto #CFD #signals #crypto #profit #Euro #Pound #Litecoin

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