The Trade 7 - Bitcoin - Ether - Gold -Silver

This summary covers the highly technical analysis of various assets, including Bitcoin, Ethereum, Gold, and Silver, conducted during the WCN episode "The Trade 7 - Bitcoin - Ether - Gold -Silver" on April 30, 2016.

Summary:
The discussion centered on advanced technical analysis, emphasizing the critical role of volume indicators and patterns like the "Cloud" (Kumo) for predicting breakouts and price movements. Hosts Theo Goodman and Josh reviewed market structure, noting that flat cloud levels act as strong magnets for price.

The analysis of cryptocurrencies was mixed. While Bitcoin (BTC) and Litecoin were highlighted for bouncing off key support levels (like the Cajun Sun), the overall market was deemed volatile. The segment suggested that Ethereum (ETH) was in a "bear mode," predicting a potential breakdown, especially if BTC continued to drop. For commodities, Gold and Silver showed strong breakouts but were expected to consolidate and retest key levels before further upward movement.

Key Details:

• Main Topics:
• Technical analysis of BTC/ETH using volume and Kumo patterns.
• Market predictions regarding double tops and potential downside moves (toward the 333 level).
• Analysis of crypto contract premiums and correlation between weekly/quarterly futures.
• Bullish but cautious outlook for Gold, Silver, and cryptocurrencies.
• Key Quotes:
• "Flat cloud levels act as strong magnets for price."
• "The asset [ETH] is in a 'bear mode.'"
• "The market remains volatile and requires confirmation for new highs."
• People Mentioned: Theo Goodman, Josh, Vitalik (in passing).
• Bitcoin Price: A target zone of 585-620 was mentioned, and a downside move toward the 333 level was predicted.