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ew-forecast
Nov 11, 2021 12:28 PM

BTCUSD Can Turn Into Pullback; + GOLD/COPPER and SP500 Charts  

Bitcoin / US DollarBinance

Description

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

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

Comments
UnknownUnicorn4194801
👍🏿
x333-
BTC is looking for another rich bitch (besides saylor and musk - they're already emptied out by BTC) (cant believe now saylor is praying for Apple to Join BTC so he can see BTC boosts)
In the meantime DXY is showing strength out nowhere market could turn bismal for Crypto...are we getting ready for long winter hibernation with bears, hope not, hopium?
ew-forecast
@x333-, thx for your insides.
RasaTr
Very helpful analysis 🙌🙌🙌
ew-forecast
@RasaTr, thank you
alibadshah88
Amazing analysis thank you so much.
ew-forecast
DogenSrb
Running flat will be very nice and bullish for BTC and crypto
ew-forecast
@DogenSrb, yes, especially as most of traders would be unprepared for such extreme shifts in trends/sentiment.
BitViewEU
Great video Grega. I learned something from you today. Thanks a lot
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