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Gold and silver are precious metals. One time I was listening to one of the best economic influencers on YouTube
And he said once you see a buy signal in Copper then it’s an indicator to buy Good and silver
Well using candlesticks patterns I saw the buy signal in Copper and it’s because of this I think gold and Silver are in buying territory.
So this is what has happened so far:
1)Gold has outperformed Bitcoin
2)Silver has outperformed Bitcoin
3)Ethereum has outperformed Bitcoin
So far things are not looking to well for Bitcoin.
Do you remember the Rocket Booster Strategy?
It has the following 3 Steps:
1)The price has to be above the 50 EMA
2)The price has to be above the 200 EMA
3)The price has to gap up
That last step includes a candlestick pattern.
Now in this case the Rocket Booster Strategy is being used for the monthly chart.
Meanwhile on weekly we checked for negative Momentum.
Then on the daily chart we checked for a candlestick pattern wether bullish or bearish.
In this case the candlestick pattern is bullish on Copper.
So does this mean gold is bullish?
Rocket Boost This Content To Learn More.
Disclaimer ⚠️ Trading is risky please learn about risk management and profit taking strategies and feel free to use a simulation trading account before you use real money.
