Non Fiat Assets To Take Off Over The Next 2 Years.Leveraged Gold = BTC
Although, you can't go wrong either way.
Btcgold
BTC/GOLD TECHNIQUE MAY SUPRISE YOU! POSSIBLE 6X PROFITHi everybody. When I analyzed bitcoin as gold parity last night, I noticed that it had a very clean chart. I was quite surprised at why Bitcoin's gold chart is so clear. I think whales trade bitcoin buy and sell by comparing with gold. If Bitcoin continues this technical relationship due to gold, its possible support and resistances are as in the chart.
In the event of a possible rally, bitcoin can yield around 4x-6x.
What are you thinking?
Did Bitcoin's relationship with gold sound very interesting?
Loves..
Bitcoin crashing in line with stock marketsBitcoin crashing in line with stock markets reveals its true role as play money in good times.
When times are bad, however, we see Gold -- not Bitcoin, rise.
Just a quick thought to share. Of course I can be wrong. Take care! ReallyMe
Recent BTC and GOLD correlation (Y20.P3.E1).To the exact hourHi All,
I thought I have another look at BTC and Gold correlation, and to my surprise, this time it was there.
They both had bearish divergences and they both a means of storing wealth as they say, same category. Can't say why, its just is.
Maybe we should keep an eye on gold for those milestone levels, pivotal points.
Cheers,
S.Sari
double top on 10yr, bearish inv cup/ handle pattern BEAR TRAP?If support doesn't hold , look for a downward breakout of the inverse cup/ handle pattern. Also forming a rounding top, but this also can be a huge bear trap.. Everyone knows the economy is in a bad shape w/ 20+ million on unemployment. Will a second stimulus jolt the economy and the economy re-open fully in 2 months? To be determine . I'm not a scientist, but if the economy fully reopens w/a high number of people still sick, this could get worse. We'll see
Updated Wave analysis only if $7400 holds next tgt $7900looking for another C wave breakout this time inside a bullish flag, the previous run up invalidated the right shoulder on btc, which further confirms more bullish upside
Elliot Wave on Crypto $btcusd $xrpusd $linkusd $tezusd $dashusdFeel free to share you wave analysis on 4hr time frame, or any objections you may have. I have multiple charts, because i'm trading/investing in different time frames. Right now I'm focusing on BTCUSD C wave, and plotting another dip to add. IMHO, I've believe we've seen the lows. The 4hr c wave and breakout sets up a Daily Trend, in which at some point after a breakout from 7400 and a run to 9200, there will be a future dip, that will extend from a higher time frame. stay tune and monitor the current C wave.
Disclosure. I'm currently long $xrpusd and adding to $btcusd on C wave on confirmation
volume breakout approaching on 2hr time frame $xrpusd The AD once again showing further price expansion as its approaching a previous high. Once breakout confirms, look for $9200-9400 price range
Bitcoin gold at key fib levelBitcoin gold at key fib level of 0, possible drop lower before movement upward initiates.
Bitcoin and Gold Look Very SimilarBitcoin and Gold seem to have a correlating pattern right now, they have both formed a Bullish Pennant. A break out of this pattern will signify more upside for both. It is going to be very interesting to see how this plays out!
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.
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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.
IOT benefits from BTC hard fork-IOTUSD analysis-25.10.2017Hi guys,
There is an across the board alt coin appreciation and among the many coins which benefited, one is IOT. Yesterday, it broke above resistance trend line and closed above resistance at $0.50. With a stochastics buy signal and above average volumes, IOT bulls should find this formation as a perfect opportunity to go long and aim $0.65-$0.70. We wait to see if this rally will be immune to Trump announcement of a new FED chair. Senators are leaning towards Taylor, the brains behind Taylor's Rule used by policy makers to set interest rates. Furthermore, we have the tax reforms in senate and a simple majority is needed.
Anyway, over time, we shall need to find a correlation between the USD and crypto. Data is not sufficient to muster a relationship.
for now, let me know what you think. You can checkout our analysis page at NewsBTC here: tinyurl.com
BTCUSD wait and shortHello.
Reached 5200. Ofcourse i can draw resistance like one the screen below, but i dont think that this could be predicted.
Volume falling, divergence forming, good possibility to correct, my periodic theory says the same. However, chart should be drawn a bit more to finish this figures, 2h frame tells about this too .
So according to channel it`s possible to get to 5300+ in process, following the resistance. Then i`ll wait good correction in direction of 3500 . This conclusion was made without considering the fork. TA sign are strong. My observations says that for a long time chart goes under TA control.
In addition i want to say, that this situation makes me think, that TA is absolute. Yesterday i was talking about psychological barrier, and it was broken like a glass. Some says that FA works good, but all previous movements were done according to TA. Let`s wait till the fork. Im really interested in the result of this competition between TA and other methods of analysis.
Profit for everyone:))
BTCUSD outcome modelsGood day time!
Simple doesnt mean bad, yep?:) I was partly right about trading near 4700. Check it in previous idea.
I see the following outcomes: three lines from the existing chart displays possible movement from now. Considering the consolidation of 4700 i believe we will bounce to one of this prices with the next reasons:
1. 4900-4940 because this is the tipical model for the signle wave for the last time.
2. 5000 because it`s the previous ATH and the psychological barrier
3. 5100 - price that touches the local resistance. And i think that some people want to refresh the previous ATH.
However, we should take into consideration, that we could broke 5k last time, and that`s why we will not go any higher because we consolidated that level both technicaly and psychologically.
One more important detail is the bitcoin gold. Till the end of the october people want to hold btc to get free btc gold, and i cant say how it can influence on the market. Logically, we should stay in tight zone between 4900-5100 for example and then have a dump.
Some confusing moments: last volume size was enormous, however, on the 1d time frame volume is falling. Why it bothers me? because on 2-4 h timeframe volume indexes showing his ability to pull up, and after that prices continued to grow.
These are the possible targets for the near future, and considering all the facts the conclusion is: I dont see any possibility to grow further, 5100 is maximum and i believe that will be good correction and flat till the end of the year. In favor of this point of view talks TA and my own periodic theory (you can check it on my page, oct 2 idea). One more outcome: reach the local support, recharge and make one more wave up to one of the prices above, strong divergence will be formed till that time, this process will be ended to the time of the fork and then we`ll see dump.
Strategy: If we go up, i`d prefer to wait untill 5k, and then, depending on the volume, impulse and indicators indexes make the decision.
Thank you for attention!
Tommorow will be the educational post.
Good mood for everyone!
