We are interested in the NVDA stock due to its close correlation with Bitcoin, when it comes to price action.
➖ NVDA produced a top, clearly, 20-June.
After this top it consolidated a little bit and on the 3rd of July produced a full green candle but with no volume.
➖ On the 5th of July we have a red-candle. This red candle produced a lower high and happened right at resistance.
👉 These signals based on candlestick patterns point toward a new drop/down-move starting next week. This would indicate and support a down-move on Bitcoin's side based on the positive correlation between these two assets.
That's all for today.
Thank you for reading.
Namaste.
➖ NVDA produced a top, clearly, 20-June.
After this top it consolidated a little bit and on the 3rd of July produced a full green candle but with no volume.
➖ On the 5th of July we have a red-candle. This red candle produced a lower high and happened right at resistance.
👉 These signals based on candlestick patterns point toward a new drop/down-move starting next week. This would indicate and support a down-move on Bitcoin's side based on the positive correlation between these two assets.
That's all for today.
Thank you for reading.
Namaste.
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🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd » Join us now! 👉 t.me/lamatrades/4
💥Top Results
t.me/anandatrades/1183
🏆New Results
t.me/masteranandatrades/6172
💥Top Results
t.me/anandatrades/1183
🏆New Results
t.me/masteranandatrades/6172
Related publications
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.