XAUUSD/BTCUSD -> Range for the next days and pot. downward move

21 Oca

The Range has a strong bearish overhead resistance.

What do you think at the moment? Is Bitcoin the new gold?

I think it will move into a converging pattern or into one with a shakeout and than go down.
In the end we have to wait and go with the tide :)

Happy Trading <3

21 Oca

İşlem aktif

Here you can see upwards absorption -> buying taking place the last days > out of ETH , into BTC