On July 27, 2020, I published the post below, showing the similar structure in silver and bitcoin on the weekly chart. The similarity in structure suggested to me that Bitcoin would follow silver's price behavior. It did exactly that after breaking the 12k level, going vertical just like silver had after breaking the $19 level. I am not suggesting that silver is always a good leading indicator for bitcoin, or vice versa. But I would say on longer time-frames (starting in mid 2020), they've been telling a similar story.. Maybe it's just USD related, or just a function of risk-on assets going up together. What I know - seeing these two breakout similarly gives me more conviction in my long position for both assets. A friend of mine said, "what's the best F you to the system? Not Gamestop."
註釋
Silver looks to be leading the structural breakout - same as July / August last year..註釋
New highs for BTC Silver consolidating after testing the big 30 level. Next retest of the 30 may take some time, but I think that will be the one that does it.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。