I found XAUBTC chart interesting. Here is why.
XAUBTC has been bearish for a while. HOWEVER…
We can clearly see that the impulse movements are getting smaller and flatter. (as shown by the angles highlighted in blue)
So from a market structure perspective, this is an early alert that the buyers are losing strength, and we might have a potential reversal soon. BUT WHEN?
For the buyers to take over, and the momentum to be shifted, XAUBTC has to break above the last swing high. (around 0.04 – 0. 05 )
If this happens and XAUBTC goes up => it means: