Bitcoin is measured in dollars. So every chart that you see is bitcoin gaining or losing against the US dollar. At the start of bull markets, commodities start to break out in the weakest currencies. Then it starts to break out in the intermediates currencies, then finally it breaks out in USD. So let’s have a look at BTC compared to some of the weakest currencies and see if we are at the early stages of a bull market.
So here we have the Brazilian Real, the Turkish Lyra, the South African Rand, and the Russian Ruble. They have all made new monthly closing highs. These can act as clues for the start of a bull market, which I believe we are in. It also goes to show you that the US dollar is eating other currencies alive! That is it for today. Keep your head on a swivel!
Happy Trading!
So here we have the Brazilian Real, the Turkish Lyra, the South African Rand, and the Russian Ruble. They have all made new monthly closing highs. These can act as clues for the start of a bull market, which I believe we are in. It also goes to show you that the US dollar is eating other currencies alive! That is it for today. Keep your head on a swivel!
Happy Trading!
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.