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Bitcoin-gold

Bitcoin $666k by Dec? (I know it sounds crazy) Happy New Year!Let me start off by saying I hold a very small position in Ethereum, and do not think that Bitcoin will be the currency of the future. However, I came across this built-in ratio and couldn't resist playing around with Fibonacci time-zones to see if anything interesting popped up. The (potential) results I came across shocked me, so I thought I'd share them here and get thoughts from the community. This is a Logarithmic chart of the ratio between Gold and Bitcoin. As we can see, there is a very clearly defined trend at play here. This trend saw a false breakout to the upside, which we can call the Covid anomaly. Other than that, it seems pretty clear that Bitcoin is being driven up as gold is being systematically crushed. To add to that, applying a Fib time-zone to the initial drop from Nov 2011-2013 as Gold came off its highs almost lines up perfectly with future pivots (O_o). This is where things get really interesting. While my macro outlook calls for a major commodities bull market, I see gold initially rallying to $2500 this year, and silver to $42.70 before an engineered pullback to shake out retail investors before the true multi-year bull market. During this time, we are likely to see a flight into BTC/other cryptocurrencies, if it's not also being systematically crushed at the same time. Crypto bulls say it can't be crushed, so let's assume they are correct for the sake of this analysis. The results show the following: -XAUBTC Ratio Bottom = ~0.00377 -Ratio Bottom Date: ~Dec 12, 2021 -BTC Price if Gold @ $2500 = $663 130 -BTC Price if Gold @ $1700 = $450 928 I understand that there is a big range for the target, but it's rooted in analysis and dependent on the spot price of Gold. Curious to see what other people's targets are, and what methods you used to calculate them. Thank you for reading and happy trades! TL; DR: This post is NOT INVESTMENT ADVICE. It is simply an interesting projection for calculating a bullish target for BTC using Gold price.
TVC:XAUBTCLong
by bubblegumman
GBP/CHF : BEARISH GARTLEY PATTERN IN D1 TIMEFRAME 🔔Welcome back Traders, Investors and Community! Analysis of #GBP CHF If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish Harmonic Gartley pattern - We will be waiting for all the confirmations to enter in this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
Short
by FOREXN1
12
Bitcoin in a clean pitchfork uptrend channel analog to LitecoinJust like Litecoin Bitcoin is in a clean pitchfork uptrend channel unlikely to break anytime soon. Major institutions and investment fonds have started to buy Bitcoin as a currency hedge and are unlikely to sell anytime soon. See BitcoinTreasuries.org Also Bitcoin has now overtaken Visa, Mastercard, JPMorgan and soon Berkshire Hattaway as the largest financial asset. See AssetDash.com While Bitcoin's newly mint coins (new supply) decreases every 4 years, gold mining has increased from 21 mln troy ounces to over 118 mln troy ounces over the past 100 years. Bitcoin is scarcer than gold and features an integrated world wide payment / transfer system, whereas gold needs armed trucks to securely transport and store it.
BITSTAMP:BTCUSDLong
by bmw_b
GBP/USD : BEARISH GARTLEY PATTERN ON H4 TIMEFRAME 🔔Analysis of #GBPUSD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish Gartley on H4 timeframe - We will be waiting for all the confirmations to enter in this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
by FOREXN1
15
EUR/AUD : PRICE ACTION ON DAILY TIMEFRAME 🔔Welcome back Traders, Investors and Community! Analysis of #EURAUD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Price action on daily timeframe - We will be waiting for all the confirmations to enter in this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
by FOREXN1
9
EUR/GBP: PRICE ACTION ON DAILY TIMEFRAME 🔔Welcome back Traders, Investors and Community! Analysis of #EURGBP If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Daily price action - We will be waiting for all the confirmations to enter in this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
by FOREXN1
17
EUR/GBP : BEARISH CYPHER PATTERN IN H4 TIMEFRAME 🔔Analysis of #EURGBP If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish Cypher pattern - We will be waiting for all the confirmations to enter in this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards,
Short
by FOREXN1
1
USD/JPY : ABCD PATTERN + BREAKDOWN IN DAILY TIMEFRAME 🔔Welcome back Traders, Investors and Community! Analysis of #USDJPY If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: ABCD PATTERN + BREAKDOWN IN DAILY TIMEFRAME A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
Short
by FOREXN1
2
DXY, Bitcoin, SPX (S&P500), Euro & GoldLess of a tutorial and more of an observation. Worth a look at the relationships if your new to trading. Bitcoin's addition is intriguing. Wishing you all a Merry Christmas and a Successful New Year. Comments & Discussion welcome. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
1
What you might really look at is ...... the Gold/Bitcoin ratio. Far oversold on all scales. This means that compared to Bitcoin, Gold either becomes completely useless or is just very cheap. What do you think it is? It is worthwhile to follow the development for example on 1h. Right now it seems to be reversing. Stay tuned, it is going to be exciting. To explain it simply, if the blue curve keeps going up, it obviously makes no sense to hold on to Bitcoin, you are much better off exchanging it for Gold and holding on to it.
TVC:XAUBTC
by ReallyMe
2
⭐⭐⭐⭐⭐The MOST IMPORTANT CHART of the year ⭐⭐⭐⭐⭐1. Dollar is looking for direction (will it bounce off this level or will it drop/ and how much?) 2. NFP tomorrow is HUGE data coming out and will push Dollar over or off the current level (price is now on a crucial support level ) 3. Next inflation data (Dec 10) and trade balances will be crucial data 4. Dollar price will affect most of your trades: - metals (negative correlation- especially Gold , Silver , Copper ) - indices (positive coefficients, which means that as the value of the U.S. dollar increases, so do the stock indexes ) - stocks (which shares to choose / which to sell / how to diversify and hedge - 40% of shares follow the dollar) - Bitcoin (the new safe haven to many may increase dramatically if the dollar crashes)
TVC:DXY
by FX_Professor
16