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BITCOIN DOMINANCE BACK DOWN TO 55%Bitcoin Dominance Has Had a Nice Run But, It Seems To Re Respecting the Parabolic Resistance. If The Resistance is True and BTC.D Continues To Trade Within The Yellow Channel, it could go back down to 55%.. And Then Even Lower. The Contemplating Crypto Collective 🔸️Learn How to Trade and Invest Into Cryptocurrency🧠 🔸️Get Profitable Trading Set-Ups and Signals📈 🔸️Copy Our Diversified Long Term Portfolio📊 🔸️Engage With Our Skilled Community👥👥👥
CRYPTOCAP:BTC.DShort
by contemplatingcrypto
9
GOLD to BITCOIN ratio. Are gold investors switching back to BTC?I have used the Gold-to-BTC ratio many times in my publications, one of the most informative of those seen below: I looked into it again as lately I am seeing an interesting price action between the two. While Gold struggles to regain its bullish momentum of the early part of the year, Bitcoin touched the June 2019 High and is surprisingly holding its gains despite the sharp pull-back on the global stock markets. The ratio currently shows that the Higher Lows trend-line that started on the December 2017 Bottom, just broke to the downside. Last time that happened in the previous Cycle, was in May 2016. That break-out initiated a strong selling sequence for the ratio. What is even more interesting is that on May 2016 (the month of the Higher Lows break-out for the ratio), Bitcoin broke its first Higher High level of the (new) Bull Cycle, starting officially the Parabolic Rise. Currently (October 2020), Bitcoin is testing the first Higher High level of this (new) Bull Cycle, the 13865 June 2019 High. Breaking above it will fill all the dynamics and complete the full-sequence of the 2016 break-out. So is this a sign that Gold investors are moving their capital to the digital Gold, BTC? And does this indicate that the parabolic phase of Bitcoin is about to start? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
OANDA:XAUUSDShort
by TradingShot
15
Bitcoin, Gold and S&P 500 Return of investment comparison.While it's true that Bitcoin is the most volatile and risky asset, the ROI of 65% is pretty adequate compared to Gold 25% and S&P 500"only" 6% return of investment. From this chart you can simply see that Bitcoin has the biggest spikes and is still the fastest growing and it's very important to have a proper strategy, when investing into Bitcoin. From the chart you can see, that Bitcoin can be seen as the hardest asset to trade due to these strong fluctuations. Keep in mind, that the ROI date is set to today, 20 October 2020. The ROI tells you one thing , if you invested on the January 1. a $1000, you would currently have: 1. $1,650 dollars if invested into Bitcoin 2. $1,250 dollars if invested into Gold 3. $1,067 dollars if invested into SPX500 Of course, when you are investing into Gold or SPX there is going to be some fee from the Broker when you are buying the asset or holding, while you can buy Bitcoin at many Exchanges for a free of charge (SEPA mostly) and you can even pay with it! All of these three options are still better than holding your money in your bank account with a 0,5% interest, which can't even pay for the inflation , which is around 2% per year. So even if Bitcoin is going to fall, let's say to $10,000 it would still outperform both Gold and SPX in term of ROI, which is the most important indicator at which Investors look at. I am going to be also releasing a study on what's the best simple way of Buying Bitcoin in long term and profiting from it, so stay tuned. If you liked this analysis, let me know by dropping that like button! If you have any questions, feel free to ask me here or via dm! Until next time! Cheers, Tibor
Editors' picks
BITSTAMP:BTCUSD
by TiborVrbovsky
26
Very useful comicsBe like Alex, do not be like Jack! Many of my students have a bad experience working with scam brokers. I will tell you the story of one of them! He decides to try different brokers and get a lot of bonuses from them...... Everyone loves to get a lot of attention. So, the managers of these brokers called him every few times a day. They told many beautiful stories about a wonderful life with a bag of money, expensive vacation, sports cars, and personal Jet...))). But when they talk about such things, they sit in a small room without air conditioning, dressed in cheap clothes and eating fast food. Yes, he will get it all if he cheats you and hundreds of other novice traders! Then you can think about the police, court, or indictment, but they just change their head office address and contact phone number. They never refund money, except when you have a good influential friend. I have two videos for you on my youtube channel. The first one is about how to identify a cheating broker and the second one about how to choose a reliable broker. I recommend that you check both of them and never make the same mistake as my friend. He did not get his money back and that managers (traders, bots) are losing most of their deposit. Be careful, take care of your money, take care of your nerves, take time... be like Alex!). Don't forget to support this idea with your like!
BITMEX:BTCUSD.PEducation
by Yuriy_Bishko
12
DXY head and shoulders forminglong term trend of the dollar index is lower. There looks to be a head and shoulders forming in the long term dollar index chart. From a high around 103 to the neckline of 88, the target would be 73. I would look for the dollar index to break the neckline next year, 2021, leading to swift declines. All dollar denominated assets would in turn rise in value. This would be particularly good for store of value assets such as gold, silver and bitcoin. Any other commodity should also benefit from a sinking dollar. This long term dollar decline is a direct correlation to monetary policy of the United States and the federal reserve. This dollar decline most directly benefits asset holders, specifically wealthy people. I would then be looking for lows around 73 in the year 2023 or 2024.
TVC:DXYShort
by ngordon
Gold vs Bitcoin vs DXY : Reputation of the 'Safe Haven' assetHere I show you about the comparison between the Gold, Bitcoin and the DXY which is the US Dollar Index price. What seem so interesting based on this chart comparison is that the price of the Bitcoin is having a positive correlation toward the Gold's price in the last 3 months. On the other hand, the price of the DXY which is becoming the US Dollar index is having a negative correlation toward the Gold price. US Dollar vs Gold It's normal if we see the negative correlation between this 2 commodity index because the reputation of the gold which always be a safe haven asset and the DXY will represents the favor of the investors in USA market. If they see any good potential of the USA and the global market (as we know that the US Dollar is becoming the world's leading currency), people will accumulate the Dollar to invest in any type of work and business line which will increase the economic growth. Money inflow will occur during this condition and the price of the gold will have a reasonable decrease as an effect from money outflow which most of the investors sell their gold saving to open new business. And also the opposite, the money outflow from the US dollar will cause money inflow toward gold as the investors believe the gold's reputation as the safe haven. Gold vs Bitcoin The positive correlation however is totally different aspect between the gold and the DXY. The investors currently look at the bitcoin with the same perspective as they look in the gold, as the safe haven. People certainly believe that the price of the bitcoin could be the hedge comparing to the traditional currency. But, what makes it different with the gold is that the crypto adoption and blockchain technology which becomes an important part inside the industrial revolution 4.0 . The Bitcoin could be another safe haven asset, but of course becoming different with the gold as the traditional safe haven. I do believe that the bitcoin will have more future value comparing to the gold and cryptocurrency is here to stay.
BITSTAMP:BTCUSD
by julio24albert
1
BTCUSD / GOLD ratio... a different perspectiveOf late, I came across a lot of coverage on the BTCUSD ratio with Gold, and there are apparently much expectations that BTCUSD is going to explode, as previously. So... I thought I ought to take a look at it myself and see what it can figure out. The chart shows it... initially, it looked very much like the BTC/Gold is about to break out and give BTC a huge rally like before. But somethings didn’t look quite the same, so outcome may differ. First up, the trend lines drawn appear that there is likely to be a breakout. I have little doubts about that. But the first thing sus about this is the MACD... it has a different profile from 2017 and 2019. This brings me to the second point. Here we see the orange line, superimposed Gold price. In 2017, Gold prices were steady while BTC rocketed. In 2019, MACD was supportive even as Gold prices was rising, but BTC rose relatively more. In 2020, however, the imminent breakout appears to be due to a slight increase in BTC, but a major drop in Gold prices... which by the way, brings the denominator down, hence, ratio increases! Good to know, good to watch, good to be ready nonetheless... Bullish on BTCUSD in the very long term, but need to be very patient, and decisively act when necessary. But for now, it’s sus...
COINBASE:BTCUSD
by Auguraltrader
1
XAUUSD Gold | SWING - 21 Sep. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It may continue to the downside, reaching the buying area that we referred to in the analysis, then it will rise slightly. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice. BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
OANDA:XAUUSDLong
by Saeed966
18
BTC uptrend and All time highs by 2023Bitcoin follows the S&P closely since its inception. The 2009 economic policy of brrrr is running out of steam. Eventually people will scale out of overpriced stocks and into more traditionally safe assets. Gold for boomers and Bitcoin for millennials will amass the most wealth. The tumble in the S&P will be inevitable especially closing to and right after the elections - after Trump gets elected and another S&P correction is introduced as an excuse. Everything besides Bonds will suffer but commodities and gold will take the least hit. Bitcoin and Gold will gain massive momentum after this with initial speculators and funds selling to cover their stonk position losses. Then after they realize that we are headed into Abenomics 2.0 and a long stagnation period, people will start slowly abandoning the inflated dollar and get into Bitcoin and Gold.
BLong
by KenTaron
1
$TSLA Dare I say it Tesla the comeback king, Dare I say that this stock has the potential to run further down towards the 340 range. Im not sure as this thing has been a runner, much like a lot of tech. If this does run towards overselling than this is the analysis I have come up with. I wouldnt be rushing to buy it tho but no matter what it is still good buy long term. Whats your thoughts? Buying on that dip was still a good buy but should you have sold on close, After hours may have just been to keep the rsi settled.
NASDAQ:TSLA
by Kiazer_Soza
Digital Gold vs Old GoldThis triangle pattern has been going on since mid 2017 and is about to come to an end! These pattern will generally breakout after 3 cycles of touching the highs/lows. My bias is bullish on Bitcoin as a lot of the DeFi hype will continue to lock in more BTC and more ETH out of the circulating supply. Bears will likely get exhausted soon and the following rally will be massive. With all the uncertainty looming over the market at the moment and the continued stimulus by the FED, investors will continue to seek high yield assets to protect themselves against fiat devaluation and negative interests policies. Looking for a weekly close above ~5.50 for a reversal and a clean breakout. Eyes open folks!
BITSTAMP:BTCUSD
by crystoba