BTCUSD
Bitcoin has created revived interest in the past week and it’s
the second Buy signal for the current bull trend on this Daily chart. With more
ETFs getting approval from SEC, it’s the impetus for new all time highs in the
last quarter of 2021. We remain bullish, yet we prefer to enter on pullbacks.
The bull swing which was initiated on 29 September has
triggered a Buy signal on 14 October on the H4 chart. Its pullback has tested
the Crossover (green) line which acted as a support. And with all TPs yet to be
tested, we can look forward for a bullish week to TP3 and TP4.
USDCHF
The current bearish swing which was initiated on 30
September and after passing the Crossover (green) line on 13 October, finally
triggered a Sell signal on the weekly close. Even though a Sell is issued, we
prefer for a pullback to near the Crossover line before entering and set target
to TP3 and TP4. As USDCHF is used as gauge for the greenback, we can expect a
weaker USD for this week.
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