Bitcoin (BTC/USD)
Late September GMTT gave a buy signal on Bitcoin at 10745 with an initial upside target at 12699.
Once that target was reached, we saw a little pullback but already gave a next upside target of 14805 and higher.
The high overnight was 15955.20 its highest level since January 2018.
We think that the rally is overstretched, and a sudden pullback is imminent.
An intraday close below 15000 gives a sell signal.
First downside target 13780.
Gold (DEC)
Yesterday’s chart of the day was Gold.
We gave a buy signal above Gold (DEC) 1898 and our short-term upside target of 1942 was reached.
Next short-term upside target 1958.
We suggest raising the sell stop to 1923.
Bitcoin Nov 6 2020
