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Bitcoin-gold

BITCOIN GOLD CORRELATIONAs much as we love to stare at charts and over analyze chart trends and lines, Bitcoin has often proved to be an exception. My personal opinion is regular chart analytics don't necessarily work when it comes to BTC. My short term prediction is a breakout . A great selling opportunity ahead in the next few days for short term and swing traders. Hopefully you didn't miss the recent buying opportunity. I say this due to BTC's strange correlation with gold . And guess who has just changed their story - the Warren Buffet team (world's 15th most powerful man). Previously called gold an unstable asset and compared BTC to rat poison; he now invested heftily in gold ($563.6 mil) and plans to invest in BTC. This is great for BTC confidence, publicity, but also great for the gold market. People often follow the big names. Therefore, lookout for the BTC GOLD correlation and right now, HODL until we see the breakout !
NYSE:GOLDShort
by BlockTechEv
NZDCHF (August 16)This is NCHF on the 4 hour. We could be seeing a reversal on this pair. Using parallel lines (which this pair tends to respond well to) we can make a case for NCHF being in a key value area. Before jumping in, we will need to wait for the market to give us clear confirmation. I would be looking to get involved at a clear rejection from the 4 hour, or if we see a rejection and then a continuation pattern, which would be a better confirmation for a move back up.
Short
by leanosamwinga
BITCOIN VERSUS GOLD???Heavy sell volumes on spot exchanges such as Coinbase caused a fall in bitcoin’s price to as low as $11,299 Tuesday. Profit-taking is one driver of the dip, according to Chris Thomas, head of digital assets for broker Swissquote. “There are naturally some traders looking to take short term profits here, which is driving us lower,” Thomas told CoinDesk. Traders were hitting the sell button on economic hedges Tuesday. Gold was in the red 5.6% and at $1,913 as of press time. Over the past month, gold remains up, having gained 6.4%. Meanwhile, bitcoin has appreciated 22%.
COINBASE:BTCUSD
by danielcawrey
BTCUSD stalking gold?Hello friends, make sure to hit the like/follow button to show support on my analysis and check my previous ones . If you have followed me you may notice I only post Gold trading ideas. Well I started studying pair correlation along my journey with gold and it has been a rewarding experience. There are many pairs that you can compare and contrast with gold: AUDUSD ; NZDUSD ; EURUSD ; USDCAD ; USDCHF ; USOIL ; XAGUSD I will start to post trade ideas for these pairs here to keep myself accountable, if you have any trade ideas feel free to comment as I'd love to learn more about them. As always trade accordingly and this post is for educational purposes not financial advice.
BITSTAMP:BTCUSD
by Cangaceiro
No Technical Analysis Just a Shill and a QuoteHey guys, Longtime I haven't posted a Colorchart. I think it's time to through one out there, still not writing much (I hate it!!) Well, as I just saw some FUD on $BTG going to ZERO, I did this ColorCharts for sky-blue Entries. Whatever your decision is to get in or not at whichever price you think it's fair to risk some capital, I'm thinking that $BTG is underwater and the surface of the water is at $600. The Colorchartist Law of Crypto Price Energy Measured in Fiat will alway be a Fibonacci Time Function Exponentially correlated with the ability of Central Bank to maintain a Binary Belief of Digit Printed on Papers while Digitization of the World via Crypto is Infinite but Capped with the finite amount of the Bitcoin Network with Satoshi being still Unknown such as Infinity. #TheColorChartist #GBAZQuote #DontSteelIt #ItDoesntMakeAnySenseRight #JustThinkAboutIt
BLong
by G_Baz_Crypto
3
Bitcoin Dumps But Traders Still Bullish to $12,000 Into WeekendBitcoin’s price was able to rally to as high as $11,917 Friday before losing momentum, falling back into the $11,500 range. “Over the past day, bitcoin tested the level of $11,900, but it did not succeed, and BTC slipped,” said Constantine Kogan, partner at crypto fund of funds BitBull Capital. One downward trending day is not altering optimism about the crypto market, added Koehler. “With bitcoin following gold as a store of value, and DeFi pushing ETH, the excitement is palpable in the trading community right now." John Willock, CEO of digital asset liquidity provider Tritum, agrees. “Sentiment in the market is highly buoyant and generally positive market news is increasing confidence and aggression in positioning,” he said. “I expect to see bitcoin bounce back quickly to $12,000 with ether to $400 this weekend.”
COINBASE:BTCUSDLong
by danielcawrey
End of Covid Virus had begun. Great good times aheadHi all, Today I have come to publish this post as some inner voice forced me to do this. We reached all time high with respect to covid cases. We know covid shook the nations and disturbed our daily lives. Some of us forced into medieval ages through lock downs. Agony and Suffering are most sad things that humans can't escape but through God we can overcome them. COVID times are testing our humanity and nature of our behavior. Are we loving our neighbors or we selfish to self survive? Self Survival doesn't help. The best way to end the covid is to help your neighbors and friends as you want to help your family members. Spread Love and Humanity in these hardest days. Saying that I am predicting that COVID virus has become so week, from today covid cases will drastically fall down. Governments will realize and improve the health care if they don't we shall remind them. Happy Joyful days are coming, Economy will boost from this worst state. Believe in your inner strength and realize that God has given you power, Use your power through prayers. Pray for the end of the COVID and return of normal life for all our human society. God Heal and Bless you all. Best Wishes.
C
by UnknownUnicorn6209745
24