Bitcoin - correction or the end of the bubble? Buy signal for AUD and NZD.

Published 12/22/2017, 03:35 AM

Bitcoin tumbles as never before. Is that a burst of the bubble or just a normal correction? Since the top around 19k, BTC broke few horizontal supports and most recently, the mid-term up trendline. That can be a game changer here but remember that in history, every dip was bought and ended with creating new ATH.


Yesterday, AUDUSD broke the upper line of the pennant formation triggering a strong buy signal. The potential target for this movement is on 0.777 (lows from the beginning of October).


NZDUSD is also in a positive territory. Here, instead of the pennant, we got a flag, which resulted with a bullish breakout. The potential target for this movement is on 0.706 so we still have some space and time to get there.

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