The Trade 05

## WCN "The Trade 05" (2016-04-01) Summary

Here's a summary of the WCN episode "The Trade 05" from April 1, 2016:

1. Main Topics Discussed:

• Bitcoin Price: Sideways movement, range compression, analysis of Ichimoku cloud and lagging lines.
• Litecoin: Higher lows on the weekly chart, analysis of trend lines and potential for breakout.
• German DAX: Consolidation within a range, resistance at 10,000, potential retest of 9,500.
• Gold: Breakout of a longer-term trend line, shorter-term trend line acting as support, potential to test the Ichimoku cloud.

2. Key Quotes:

• "It's really hovering on that trend line." (Referring to Litecoin)
• "That's really important in this rule that line right there this horizontal line you can see you know it's right around that 10,000 mark and it has not been able to break that psychological level." (Referring to the German DAX)
• "It did have a really aggressive move so you know it didn't need to kind of chill out and it is consolidating so let's see what happens from there." (Referring to Gold)

3. People Mentioned:

• Theo Goodman (Host & Guest)

4. Bitcoin Price:

• The episode mentions Bitcoin being "still above the weekly Chimuku cloud," but doesn't provide a specific price. The discussion focuses on its sideways movement and range compression.

This episode provides technical analysis of several markets, using indicators like the Ichimoku cloud and trend lines to assess potential future movements.