AMD can be supportive for Bitcoin: Elliott Wave analysis
— Approaching important, Bitcoin could easily follow, Today, Advanced micro devices – amd, Correlation, Clearly see bullish trend, Also compare, Unfolding five waves, View, Wave structure — 1 min read
AMD is an American multinational semiconductor company that develops computer processors, graphic cards and related technologies for business and consumer markets. Graphic cards are used for cryptocurrency mining and this is the reason why there's positive correlation between AMD and Bitcoin. AMD is now approaching important and strong support at the former wave (IV), EW channel support line and 200-Week moving average. If we are on the right path, then AMD could start bouncing and recovering within wave V soon and if we respect a positive correlation, then Bitcoin could easily follow.Get Full Access To Our Premium Analysis For 14 Days. Click here to read our exclusive analysis for 14 days. Get Full Access to our Premium Analysis for 14 Days at the bottom of the chart. Back to Mail Online Source