First of all, I would like to thank TradingView for this amazing chart combination!
As per my last idea (attached below), we know that this bearish trendline is getting weaker as the impulse movements are getting smaller and flatter.
XAUBTC formed a valid channel, but for the buyers to take over and the bullish trend to start, XAUBTC has to break above the last swing high (highlighted in gray)
Meanwhile, until the buy is activated, XAUBTC would be overall bearish.
Again...
If this happens and XAUBTC goes up => it means:
Scenario 1 - GOLD UP, and BITCOIN DOWN
Scenario 2 - GOLD UP, and BITCOIN UP with Gold moving up more aggressively
Scenario 3 - GOLD DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively
Are we going to see this break soon? What do you think?
~Rich
As per my last idea (attached below), we know that this bearish trendline is getting weaker as the impulse movements are getting smaller and flatter.
XAUBTC formed a valid channel, but for the buyers to take over and the bullish trend to start, XAUBTC has to break above the last swing high (highlighted in gray)
Meanwhile, until the buy is activated, XAUBTC would be overall bearish.
Again...
If this happens and XAUBTC goes up => it means:
Scenario 1 - GOLD UP, and BITCOIN DOWN
Scenario 2 - GOLD UP, and BITCOIN UP with Gold moving up more aggressively
Scenario 3 - GOLD DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively
Are we going to see this break soon? What do you think?
~Rich
Note
Trade Made Simple
RichTL.com
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Best CFD broker - Tickmill
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RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.