BitcoinUpdated BTCUSD Can Turn Into Pullback; + GOLD/COPPER and SP500 Charts
Hey traders.
It's been a while since I looked at BTCUSD so here is my take.
BTCUSD has 5 up, correction can be seen
BTCUSD volatility is at the low; an increase usually occurs when price drops
GOLD/COPPER ratio is at support; rally will suggest limited upside for stocks
Lower stocks may trigger a weakness on Crypto.
For more details, please check the video.
I would appreciate if you leave me your feedback in the commentary below.
Take care,
Grega
It's been a while since I looked at BTCUSD so here is my take.
BTCUSD has 5 up, correction can be seen
BTCUSD volatility is at the low; an increase usually occurs when price drops
GOLD/COPPER ratio is at support; rally will suggest limited upside for stocks
Lower stocks may trigger a weakness on Crypto.
For more details, please check the video.
I would appreciate if you leave me your feedback in the commentary below.
Take care,
Grega
Note
Bitcoin is down more than 15% from it's pick and so far with five waves, when stocks are still strong!! Not looking good IMO
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.