Weekend thoughts about the Bitcoin, Gold and Oil

Bitcoin finished another volatile week lower after touching all-time high and 100% Fibonacci expansion from the 2015 low. We expect now another retest of 758 before continuation higher. If 758 fails to hold look for support at 685.

bitcoin trend following strategy


The Gold has reached the reaction 1180-1200 zone and got rejected. First outside bearish day on Friday is calling for a reversal here. Below 1165 look for more weakness in the instrument.

gold trend following strategy


Oil is reaching the strong resistance 54-55 zone again. Another failure below 100 SMA on the weekly chart is calling for a test of 48-49 next week,


Happy trading! (click on the chart to enlarge it)

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