BTC Dominance (Y20.P1.E7).Cup&Handle.Target

١٠ يناير ٢٠٢٠

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

١٠ يناير ٢٠٢٠

ملاحظة

١٠ يناير ٢٠٢٠

ملاحظة

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/

١٠ يناير ٢٠٢٠

ملاحظة

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.

١٠ يناير ٢٠٢٠

ملاحظة

12 minutes to go to close above the EMAs

١١ يناير ٢٠٢٠

ملاحظة

not looking good for the short term

١١ يناير ٢٠٢٠

ملاحظة

١١ يناير ٢٠٢٠

ملاحظة

Details, large 30 min chart

١١ يناير ٢٠٢٠

ملاحظة

My suspicion, target is 8800, but first we need a reversal here

٣ فبراير ٢٠٢٠

تم حذف الأمر

Got it wrong