Bitcoin analysis
ABCD waves in place, target for E-wave trading around 39 -39200.
There is a possible wave five shown at 0.38, however it appears a bit flakey around (where marked) at points 1 & 2. Still looking for confirmation and looking pretty negative.
Ethereum (ETHUSD)
We have wave 5 in place, so on this one we are due a bigger decline. Only a bigger thrust from where we are now would mean a return of the uptrend.
Gold
In an uptrend, looking to be trading towards 200 levels (to be tested).
Silver
On track to see higher prices.
Ftse
Could be a new uptrend developing on the Ftse, with new highs being upon us for too long.
Dax
Is already making new highs, the uptrend looking alive and well.
Dow
A more positive response being above the 80% retracement, the uptrend looks to be on track.
Nasdaq
Still lagging a bit, but looking more positive than negative. But having said that we are near a major peak so things are getting a bit slower.
