Bitcoin USD: rebounded after hitting downside targets!

Bitcoin USD: rebounded after hitting downside targets! Bitcoin made a key P&F chart reversal, and the next new upside target is 19050.

Bitcoin USD: Hitting downside P&F chart targets!

Bitcoin USD: Hitting downside P&F chart targets!

Bitcoin USD hit the 14700, then 13800, then 12600 downside point and figure chart targets!
Consolidation well underway! Need to see support to identify next targets!

Looking at the daily P&F chart, the next downside target is 11500!

Bitcoin consolidating after meeting targets!

Bitcoin consilidating after meeting targets!

Now its range bound in trade after meeting the upside targets of 19650 zones.
There are a few downside targets to keep in mind on the P&F  60 min chart.

Downside risk remain to next P&F chart target of 14700.

Keeping an eye on key P&F chart reversals to signal new trend.

Big Picture Market Review

Good morning Investors.

I have done a few updates on the Dow, S&P , FTSE and Dax on twitter today!

https://twitter.com/MullerRichard

Happy trading

Regards
Richard

BTCUSD Bitcoin consolidating after P&F chart reversal!

BTCUSD Bitcoin consolidating after P&F chart reversal!

After a strong rally, BTC make a key P&F chart reversal, dropped 2100 after the P&F chart sell signal, and is now fighting for support at 16750 support zone, and old high from the previous rally. Looking very closely for the next P&F chart signal at these levels!

FTSE Futures: FFIc1 trading between a range with the top end cloud resistance!

FTSE Futures: FFIc1 trading between a range with the top end cloud resistance at 7484, and bottom cloud support zones of 7427/7418. Last week it lost the battle to find support at top end of the cloud! This zone at 7484 is a key resistance zone! The index has been trending higher since the MACD buy signal last week. 

Xetra DAX futures gapped up to cloud resistance zone!

Xetra DAX futures (FDXc1)gapped up to cloud resistance zone!

Dax futures close to top end cloud chart resistance zone at 13257. Need a breakout past this level!
Reversal risks remain!

The DAX rebounded from cloud support, and is now at a key resistance zone! Looking for either a breakout here, or a consolidation at this resistance zone!