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-
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.