In this video I review several charts including the Ripple XRP Chart, the Bitcoin chart, the Altcoin Market Cap chart, the Silver chart and the Gold chart. Recently, the precious metals have started to show signs of a bull market with Gold reaching out to higher level Fibonacci Retracement levels and Silver breaking above it’s 200-week moving average, with the Golden Cross set to occur within the next month of the 50-week and the 200-week moving averages.
Yesterday, the Bitcoin price chart had it’s Golden Cross, with the 50-day moving average crossing over the 200-day moving average. This is typically a confirmation of trend reversal, and a sign of bullish markets.
I review these digital asset price charts along with the precious metal charts to see if we can find any correlation.
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DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions.