Weekly overview: Oil Gold BTC ETH LTC. Bears are live!

3 มิ.ย. 2018

Here I focus on swing trading and the trend over the longer term (a few weeks/months).
Winter is over and bears have awoken, and they are hungry for blood.

*** Oil ***

Trend: Bullish.
Recommendation: Long.




*** Gold ***

Trend: Bearish short term, possibly turning bearish longer term.
Recommendation: Long it on 1250-1265 depending on several factors. Reassess if it goes up & short.




*** BTCUSD ***

Trend: Bearish.
Recommendation: Short it to the ground! No pity for those that wanted to profit from a ponzi.




*** ETHUSD ***

Trend: Bearish.
Recommendation: I doubt it goes to 700 but if it does short it. Might be at its highest right now.



*** LTCUSD ***

Trend: Bearish.
Recommendation: the joke is over. Short at the top of the descending trendline, where all the moving averages are.