BTC Dominance (Y20.P1.E7).Cup&Handle.Target
Updated
Hi All,
If I'm not mistaken, BTC is about to go bullish, if GOLD has anything to do with the relationship.
I have 2 point of interest for entry. 7450-7550 or bottom of the channel (to be retested). In my next post I will explain what are the 2 significant point of entries.
GOLD TA
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
It looks like GOLD is also about to go up, bounce of this support. From what I can see on Gold on the DAILY, very bullish signs.
This might equate to BTC breaking the channel as well.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
If I'm not mistaken, BTC is about to go bullish, if GOLD has anything to do with the relationship.
I have 2 point of interest for entry. 7450-7550 or bottom of the channel (to be retested). In my next post I will explain what are the 2 significant point of entries.
GOLD TA
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
It looks like GOLD is also about to go up, bounce of this support. From what I can see on Gold on the DAILY, very bullish signs.
This might equate to BTC breaking the channel as well.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
Note
Note
The correlation between gold and bitcoin has reached its highest levels since August 2016, according to a new study.Arcane Research, a cryptocurrency-focused data analysis firm, noted a steep direct proportionality between the two rival assets. In a report published on Friday, the firm mentioned that the correlation was “below zero just half a year ago” but strengthened to 0.3 to retest its three-year high.
“This will without a doubt strengthen the “digital gold” narrative for bitcoin,” the report added.
newsbtc.com/2020/01/10/bitcoins-correlation-with-gold-highest-since-2016/
Note
The DAILY candle looks bullish, the RSI has plenty of room to the upside. On the BB band, its at the top which is why there was a sell off however the engulfing daily candle makes a strong case. At the time of doing this, there is 32 minutes left for the 24 hr candle to close.Note
12 minutes to go to close above the EMAsNote
not looking good for the short termNote
Note
Details, large 30 min chartNote
My suspicion, target is 8800, but first we need a reversal hereOrder cancelled
Got it wrong
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This community has signals now but with no risk management comms.
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