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
Comment:
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
