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Bitcoin Weekly vs Silver Monthly - starking similarities

BITSTAMP:BTCUSD   比特幣
Silver posted +1000% parabolic gains only to crash land. Silver found a support around 200 Month Moving Average area. However the bounce was contained around 50 Month Moving Average. Bitcoin is playing a similar fractal but on a weekly Scale. Bitcon found support around 200 Week MA and is now holding against 50 Week MA. No Bitcoin upside until we break above 50/100 Week Moving averages with heavy volumes & 7 EMA crossover. As long as 50 Week MA holds, we always have the potential to dive towards 200 Week MA on the bottomside.

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