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Bitcoinvsgold

BTC/XAU (Bitcoin VS Gold) #BTC #GOLDThe chart is an effort to plot Bitcoin and Gold in a ratio to figure out potentially where we are. The upper band (red) is where it becomes quite risky to hold bitcoin instead of gold. Mind you this does not mean gold will give better returns but means if Bitcoin goes through a correction, Gold will likely hold stronger. The green band is where Bitcoin becomes extremely less risky with a huge risk to reward ratio. Having said that, hoping that we will come touch green band is not always a good strategy as it has been proven it might reverse before touching green. Another level to add to some Bitcoin to your position instead of Gold has been 200 Week Moving Average (200WMA) represented as blue line. Historically it has been a good level to add Bitcoin instead of Gold. Although it is not a perfect indicator as well but it definitely makes considering Bitcoin vs Gold a little easier as it is a massive support. As of now, we are not there yet but further downwards price action will take us there. We can certainly come down and touch green band where it becomes a no brainer for me to allocate my capital to bitcoin instead of gold. I do also notice the MACD is deeply red and quite oversold. A weekly candle showing reversal could be a good indication of trend reversal while still expecting some choppy price action. Note: Green and Red bands are not drawn using logarithmic curves but rather connecting the closing price and trying to connect as many as points as possible. I am aware I might not have touched all points but this model is just a visual comparison of trend rather than targeting exact entry or exit points. What do you think will play out? Tell me in the comments.
INDEX:BTCUSD
by AmandeepSingh2020
#Bitcoin $BTC becoming safer asset than #Gold ??In previous times of turmoil, any investor was considered wise to place money into gold vs. fiat or any other investment vehicles. However, this comes with many issues, including accessibility, transportation, etc. So, in my opinion, Bitcoin (with its limited supply coupled with high demand, easy access, and easy transportation) will become considered the safest of the "safe-haven" assets. This chart shows the performance of Bitcoin breaking trend, while invalidating a bearish pennant, during a time when one would assume that money would be moving into Gold instead. For me, personally, this shows that this shift is starting to play out. And, while there still may or may not be a rise in $BTC, the value-loss potential of Bitcoin will become much lower, compared to all other assets. **This is my opinion based on data. This is not financial advice.**
BITSTAMP:BTCUSD
by DoozerInvest
Can Bitcoin hit 9000 this year? Gold shows the way.This analysis brings to center stage Bitcoin and the asset mostly linked with, Gold. On this chart, Bitcoin (the digital Gold) shows a quite similar behavioral pattern with Gold's bottom period of the 80s/ 90s bear cycle. What stands out is this identical +33.50% bounce on Gold and the subsequent Double Top followed by a slow decline before the major lift off. Bitcoin is issuing the very same pattern meaning that market/ investor psychology is identical on this stage of its cycle. This is a cyclical buy signal for Bitcoin. Two important elements to point out here. First, the different time frames (BTC on 1D/ Gold on 1W). This shouldn't affect the conclusions derived as Bitcoin's life span is far shorter than Gold which has been used as a store of value for centuries. Moreover Bitcoin has been moving at a much faster pace since its invention, so the market psychology, dynamics etc have adapted to a much shorter time frame. Second, Gold strong lift-off was backed by the launch of its ETF in 2003. We may not be far away from a similar situation on Bitcoin. We see first hand how the market bias are very interlinked. Gold gave investors many buy signals throughout that bear cycle, just as Bitcoin is currently giving. Investors who failed to buy Gold's buy signals during the late 90s have missed a great opportunity. Would you ignore the very same buy signals on Bitcoin? Your opinion and comments on this are more than welcome.
BITSTAMP:BTCUSDLong
by TradingShot
92
Bitcoin VS Gold. Signs of a super bear market.This is a common comparison of the original store of value: Gold, to the digital store of value: Bitcoin. Their consolidation periods after their all time highs display common wave patterns and a similar behavior that resulted into successive lows. Bitcoin has very recently made its first new low and is now accumulating positions (Triangle) for the next. If Bitcoin follows Gold's pattern on its next patterns too, then it will enter a very long "super bear market" against the common belief that the hyperbolic bullish move will soon push it to a new bull market.
BITSTAMP:BTCUSDShort
by TradingShot
55
Bitcoin ETF to skyrocket the market to $38000 as Gold did?This chart displays the similarities on the trading patterns of the historical price of Gold before and after its ETF approval to Bitcoin's historical price in anticipation for its ETF approval decision. On March 28, 2003, the first Gold-backed ETF was introduced. The result was a +460% rise on Gold's price that reached $1920.80 on September 2011. Gold's pattern prior to the ETF launch looks very much like Bitcoin's current chart after its all time high near $20000. We see the same volatility runs as gold had in the 1980s. Both had a sharp decline of 65-70% following their all time highs. A key parameter to consider of course, is that Gold’s transition took place within a 20-year cycle, while Bitcoin's occurred within a year, with this fast pace attributed to demand and supply. The similarities are indeed impressive. Assuming that Bitcoin's ETF is approved, market psychology may suggest that a similar pattern will be followed. This is translated into roughly $38000 in late 2019 (532% increase since February's lows). It should be mentioned of course that we are talking about different market sizes. The value of all the Gold that's ever been mined exceeds $8 trillion. The value of all the Bitcoins that have ever been mined is $76 billion. This may indicate however Bitcoin's upside potential. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITSTAMP:BTCUSD
by InvestingScope
21
BITCOIN vs GOLD - Below $4,000? - CryptoManiac101Will we have repeat of Gold or will Bitcoin move over our resistance line to breakout from bears? That is the questions many want to know and since we all like to compare Bitcoin ETF to Gold Elf movement, let's also compare other aspects of movement from two 'stocks'. Let's stat off with some similarities... We have similar movement which is that downward accumulation pattern after sudden correction off top. We have same resistance points with 3 attempted breakouts. We have an overall downward trend. There's just a few that are easily recognizable. What are our differences? First of all we have moved up over our Ichimoku cloud with Bitcoin which is providing us with solid support as of today. We have also not rejected resistance fully. I know many will bears will be quick to jump in to point out that we have rejected it and are crashing down, but that's simply not true. Resistance has not been broken, support has not been broken. That's that. What are some other differences between the two? Well there is also aspect of technology adoption to which Gold cannot relate to. That gives Bitcoin an upside since we have institutional investors lining up for entry with wide adoption in progress. With that said can we still drop to below $4,000 before next bull run? Answer is yes, and it should not surprise you. We are still in bear market with regulation uncertainty. Will we break down? I do not completely think so since supports are holding just fine and volume is increasing slowly. I would sat that on break below Ichimoku could we will have over 70% of hitting new low this year. With break into Ichimoku cloud we will have 50/50 chance of drop or bounce. Right now we have 70% bullish 30% bearish sings, whether you agree with me or not, that's just the truth of current market situation. I may be off by 10% but that's what we are looking at. Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
COINBASE:BTCUSDLong
by CryptoManiac101
30