Bitcoin
Short

While #gold and #bitcoin can recover together...

191
When gold breakouts out, bitcoin stays flat/down, and waits for gold to top out.



The key observation is what happens to #bitcoin when #gold breaks out on its own chart.

Last time this happened, #bitcoin hibernated and corrected over 70%, waiting for #gold to complete its move up.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.