The whole number effect is evident here, see orange circles. With a commodity in price discovery mode every four years, every four years traders sell bitcoin gains for whole portions of gold. I would say if someone hodled 1 bitcoin through a three year crypto winter, then suddenly it was worth 1kg of pure gold, they might be tempted to do the same. This informs...
The 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...
Gold in pair with Bitcoin has broken the dynamic resistance of a falling wedge and made a decent pullback which is at 61.8 fib level of the last pulse. Gold is going to outperform BTC for at least the next 12 months in my opinion
Bitcoin: Not a buyer until it breaks this line upwards
Please 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. This is comparison of Bitcoin (BTC) versus Gold (XAU) , so if the: *price is going up, it means BTC is stronger than XAU *price is going down, it means BTC is weaker than XAU After strong initial impulse down the pair...
Did we get a signal on May 18, 2021? We will see it with certainty a little later, if the blue moving average line should change sides and cross the yellow circle, but for now it almost looks like it. History of signals (yellow circles) generated so far: 26-Aug-2011 sell Bitcoin, buy Gold 19-Feb-2012 sell Gold, buy Bitcoin 16-Mar-2014 sell Bitcoin, buy...
On 20th September 2022, we stated that the Fed's pursuit of a tighter economy would continue to weigh on the gold price. After the rate hike, the price marked a new low simultaneously with the stock market. Then, the market rebounded, and in early October 2022, we said that we were growing increasingly anxious regarding the sustainability of the move. In...
Trying to make sense of Bitcoin's move, we should probably look at Bitcoin to Gold chart. Why? I think US Dollar has lost it's credibility as unit of account due to massive amount of newly printed dollars. Bitcoin to Gold shows an ascending triangle taking shape at the moment. Now the question is how we can predict when we will see the Bitcoin's top for this bull...
This is a chart of BTC/XAU with self explanatory fib extensions
Seems in two moths one will need to pay 6 KG Gold to get one Bitcoin.
The BTCUSD/XAUUSD chart shows in two dimension, the three dimensional relationship between the USD, Bitcoin and Gold. Some interesting relationships appear... Note that there are times when BTC increases whe Gold stagnates. There are peaks and during these times, the bitcoin acceleration is massive. Then comes the technical indicators where it comes down... and...
Comparing the longest available Bitcoin chart (Bitstamp) on Tradingview with IDC gold price. We went from 0oz-0.1oz. From 0.1oz-1oz From 1oz-10oz. Now we are on our way to 100oz/btc. Will we be able to reach this ratio? What do you think? 1000oz/btc next? 🚀
Ethereum usually follows the movements of Bitcoin. However, in the last 18 days, Bitcoin has had a massive run while Ethereum has stayed proportionally behind. BTC has gone 75% over is previous ATH while ETH remains 45% under its ATH. Suppose we are about to see a catch up run like in 2017. The gold denominated resistances are 20grs and 33grs. At current prices...
Possible Double Top BTCXAU This is not financial advice.
Plots the gold price (USD) for the quantities (grams) identified as support or resistance in the indicator settings. Measuring the price of Bitcoin relative to the value of gold is a way to keep track of its purchasing power. The resistances identified record the bitcoin/gold ratio at the time of creation and continues to track it in US dollars.
Dears, Today we have special dedication for Peter Schiff . With best regards, And HAPPY NEW YEAR !!! Paweł
Hello, I do not treat the U.S. Dollar shitcoin as a money. That is why I like to look sometimes for the prices in relation to pure Gold. Bitcoin, for instance, still do not has its ATH in relation to Gold. The ATH is at the level 15.58 oz of Gold per one Bitcoin. Bitcoin is on the good way to ATH in relation to Gold, however it still needs to increase its...