Ascending wedge structure may suggest a change in strength for BTC. This appears to be a leading diagonal A wave of an ABC or perhaps even a triangle of a 4th wave. Either way, is does suggest a potential ST (Secondary Test) of the previous local low, or perhaps even a golden window test.
Structure is currently @ a 1:0.786 overshoot ratio showing volume divergence. These clues suggest potential momentum to the upside for Silver and, conversely, potential downside momentum for Bitcoin during the weeks/months to come.
3W Chart
BTC/SILVER found support at a HTF 1:1, a very common area for a turn around. This increases the likely hood that a floor is in. However, this doesn't imply that a re-test of the local low cannot occur. Good Luck!
-Not Financial Advice-
Structure is currently @ a 1:0.786 overshoot ratio showing volume divergence. These clues suggest potential momentum to the upside for Silver and, conversely, potential downside momentum for Bitcoin during the weeks/months to come.
3W Chart
BTC/SILVER found support at a HTF 1:1, a very common area for a turn around. This increases the likely hood that a floor is in. However, this doesn't imply that a re-test of the local low cannot occur. Good Luck!
-Not Financial Advice-
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.