BitcoinLong
BTC/XAU gold adjusted BTC price shows gap closed
The BTC price divided by the gold price reveals a gap equivalent in position to the 9.5k gap on the CME. Chart shows that this gap was wicked into during the initial drop from 11k. There is no other gaps left open on the chart. Furthermore the price action retested the trendline of the multi years triangle from ATH.
This chart shows that a move upward is more likely then down since there is nothing left to do down. It also means that BTC will outperform gold in the near future.
This chart shows that a move upward is more likely then down since there is nothing left to do down. It also means that BTC will outperform gold in the near future.
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