The Bitcoin bull trend is in full swing towards the stated target levels.
Interim corrections and consolidation periods are natural occurrences during an impulsive bull trend.
Current medium-term advances should complete the cyclical bull trend and be followed by a multi month decline.
Ethereum is also experiencing a bull trend after a period of solid base building.
The long term outlook on this market remains somewhat uncertain
Event risk has added a fair amount of volatility, but without a meaningful change in the prevailing view.
The interim Report of a possible down break through important support levels were put on hold after a sharp bullish reversal off the important support/ break levels.
Whereto from here: While volatility decreases certainty and creates doubt, it seems that the long held technical outcome remains preferred.
Please find the generally requested medium term update on the USD/ZAR pair.
The month – end longer term technical analysis update on the US Dollar.
Trend focus- Analyses that can quantify strong trends are crucial for return and profit generation.
This report attempts to highlight trending potential for 2024.
Please note that this only approximates possible timing of trends, assuming that our market action analyses are correct.
It would be arrogant to accurately pinpoint both market action and the timing thereof.
The month – end longer term technical analysis update on USD/ZAR.
Trend focus- Analyses that can quantify strong trends are crucial for return and profit generation.
This report attempts to highlight trending potential for 2024 and beyond
The longer term Crypto market technical analysis outlook.
The weekly cryptocurrency technical update.
The weekly Cryptocurrency technical analysis update.
The US Dollar weekly update.
The weekly Rand technical analysis update.
Note:
While the long and medium term technical outlook remains robust, short term ranging conditions give rise to a number of alternative interpretations. We still attempt a preferred detailed illustrated short term outlook.
The weekly cryptocurrency update.
Note:
We are aware of the dislocation and non-confirmation between BTC and ETH.
This is likely due to the ETF potential approval of Bitcoin.
The weekly US Dollar technical analysis report
The weekly Rand technical analysis report.
Complex consolidation conditions continue to make shorter term decisions difficult.
Please find attached the cryptocurrency longer term technical analysis outlook.
Observations:
The technical picture points to maturing bull phase conditions and has largely reached our target areas. BTC could moderately extend.
The world has gone crypto crazy, in what seems to have become a somewhat crowded space.
Luckily confirmation and negation levels are quite close in determining the trends for the rest of the year.
A report with the US Dollar outlook for 2024.
The report covers the long, medium and shorter term outlook.
The intention is to highlight the relationship and confirmation of a view over various time horizons. It is crucial for the various analyses to align.