► Arb Trader Signals YouTube: https://www.youtube.com/channel/UC68ehq5gz-LDUw7X5Bo7k1w
► Arb Trader Telegram Signup: https://t.me/freearb
► 27 Aug 2019 – 📈 Weekly Trading Analysis 💸
Bitcoin remains in a wedge formation between two well defined supports and resistance levels. We take a look at some some potential levels should we break through the wedge formation.
No movements expected this week although longer term we have a pretty bullish outlook.
Litecoin appears to be showing a different picture. Litecoin sits at a support level of $70 per LTC. We have still not broken through our trend-lines formed last week. We are still disappointing that there was no sustained movement post the halving.
Arb Trader Ali takes a look at potential levels to watch for Litecoin.
He also explains why you should be careful of “analysis paralysis” where lagging indicators are used too much in Technical Analysis. Often these complicate the situation too often and throw people off.
We also quickly look at the Pound as there has been a short rally in sterling. Could this be a moment to enter a short position for this short pullback?
The Euro has broken through the box formation that we built up last week.
Finally, he also takes a quick look at the gold markets as the rally continues in the safe haven asset. Could this be an indicator of an impending recession?
If so, good for gold and good for the Bitcoin Hodlers
► Warning!! ⚡️
Trading Forex & Cryptocurrency is very risky. Make sure that you practice adequate risk management to protect your account.
► 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 #Litecoin #BTC #LTC #MT4 #crypto #CFD #online #signals #crypto #telegram #profit #Gold