wot24

So, we got a successful day for Trustcoin. It went up 15% and we are at a cross road here. Lets look at the daily chart:

Comment: At this very moment we are outside of the pennant formation and we want to remain on the upper side of this pennant. Hopefully we will get a bounce today and have a close above 3800 satoshi. Im more bullish today and we also closed near the daily high which is another positive.

Now, since we are trading against Bitcoin, it is important to know where Bitcoin is going against the USD. Therefore, we will have a look at the daily chart. Here it is:

Comment: Bitcoin fell today, about 2,5% but formed a hammer looking candlestick. Im kind neutral here on Bitcoin. We do have several trendlines to keep an eye on. And, in order to charge higher today, we must cross the 16700 mark.

In conclusion, Trustcoin looks clearly more bullish than Bitcoin, but if Bitcoin were to fall further, it might impact all the altcoins as well, and usually when that happens, they fall more than Bitcoin itself.

Happy trading!

In this video I have a look at the ADP Jobs Report that just came out. It was well below what the market predicted and I will show you the market reactions (US Dollar, S&P 500, Dax, Gold, Silver).

Finally I will also have a look at the Non Farm Payroll data and what the market is forecasting and if they will be correct or not.

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