Long

Bitcoin vs Gold

Updated

Btc vs xau could drop with the orange line to consolidate on the giant triangle around 0.168 fib before breaking out.

Note

This was only simple, due to being on my mobile at the time. Essentially look at the fib retracement from 0 to 1, and see the 0.618 level forming a consolidation level over a longer timeframe. This continuation of consolidation would pose a risk of further lows before supply totally drys up and the only way left is skyward.

IMHO bitcoin beats gold, it has a more restrictive supply and zero mass.

Note

Upward breakout from consolidation achieved.

Note

If you're into bitcoin and not watching gold/bitcoin you're missing the main show!

Note

bounce up is due

Note

this is on track, after a small delay (years)

Freeonlineuser

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Out of gold into bitcoin

by Freeonlineuser

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