Classical charting principles has worked wonderful on the BTC/Gold ratio chart. Currently at 26.x, a decline to as low as 16.x could occur without disrupting a bullish interpretation of the chart.
Bullish yes...
BUT!!!
With a warning.
If I am looking at this ratio
you can bet your Ass the Bankers are also watching this ratio.
The Mayer multiple is a friendly tool
giving us a potential sell target.