Looking for something to talk about at the dinner table other than Argentina’s surprising loss to Saudi Arabia at the World Cup? I gotchu!
Which setup will you more likely be thankful for?
Bitcoin (BTC/USD): 4-hour
After falling to the 16,550 lows earlier this week, BTC bulls have come back and now they’re trying to push BTC/USD beyond a trend line resistance.Will we see an upside breakout in the next trading sessions? Stochastic is already signaling Bitcoin’s “overbought” conditions on the 4-hour time frame but the most recent candlesticks point to further buying.
Look out for a clear break above 17,000, which could take BTC/USD to its previous highs near 18,000 or 18,700.
A rejection at its current levels, on the other hand, just might drag the OG crypto all the way to its weekly lows.
If fiat trading is more your thing, then you gotta pay attention to EUR/GBP dipping back to its .8600 area of interest.As you can see, the psychological level has been holding as support since the start of September and has been an inflection point from as far back as June.
Stochastic hasn’t quite reached “oversold” status just yet but keep your eyes peeled for any upside action.
Momentum above EUR/GBP’s current levels could send EUR to the .8700 mid-range or .8800 range resistance levels.
If EUR/GBP extends its November downswing, however, then EUR/GBP could revisit previous inflection points like .8500 or .8400.