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Has the BTC pullback ended? Is it time to buy the dip in gold?
Has the BTC pullback ended? Is it time to buy the dip in gold?
1. The daily closing yesterday was really beautiful, it felt a bit like one thing restraining another. Why do I say a bit? Because the subsequent trend looks a bit twisted, and we cannot rule out the possibility of further fluctuations or failures.
2. In addition, careful observation will reveal two issues: first, the daily RSI touches the line, and second, the 4-hour RSI is above the line and reaches an important resistance.
3. If the recent trend continues to align with a daily bullish candle, there really aren't many reasons to hold back. At this moment, it's quite torturous for those who are afraid of missing out on opportunities!
4. However, it is still recommended to be a bit patient. If it really continues to rise, there will be discussions here in an hour, and if it pulls back in the next couple of days, you can just wait for the pullback opportunity to go long, what's there to be conflicted about? This logic is like crossing the street; when you encounter a red light, wait for the green light before crossing, there's no need to rush. It may seem like our system is ambiguous, but in fact, anyone with clear sight knows that with just these two sentences, the direction should be clear and the goals defined. In the next few days, just open the market and you will know what to wait for.
5. Don't ask about gold anymore, there hasn't been any decent confirmation on the 1-hour chart, and the 15-minute downtrend hasn't been broken at all. Why are you in such a hurry to buy the dip? The market might suddenly drop, but it's rare for it to shoot up like that. Be patient, USD is not a joy bean!
Believe in cause and effect, walk the right path, and success will be assured!