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BTCXAU

Bitcoin Priced in Gold, Seeks Full Coins and BarThe 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 my extrapolations, will be interesting to watch this play out. I've included in blue another interesting pattern, where the price on the day of the halving makes the same Fibonacci increase every halving. Obviously not many data points, but something to keep watching as we clearly head toward this very same number again this year. And to complete the Fibonacci analysis, the clear 0.618 fib level drawdowns are indicated in green, which did not align with the current cycle, may pick back up again.
TVC:XAUBTCLong
by Freeonlineuser
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 vs GoldPlease 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 has been consolidating for almost 5 months and formed this triangle📐. Now the price is breaking down out of this triangle and if it really breaks, I think there is chance for drop to 7.5. TARGET being height of the triangle projected from midpoint of the local range (pink). So this call is predicting that Bitcoin will lose -30% against the Gold . As you know recently it was a total carnage for crypto market because of the FTX fail. Actually I predicted this FTT extreme drop 2 months ago in the idea down below: The current situation between Binance and FTX being also a reason why I think the investors will move the funds from crypto to precious metals - safe haven. Let me know your thoughts! Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BITSTAMP:BTCUSDShort
by bizmark
9
BTC vs. GOLD: Did we get a signal on May 18, 2021 ?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 Gold 29-Sep-2015 sell Gold, buy Bitcoin 09-Mar-2018 sell Bitcoin, buy Gold 06-Apr-2019 sell Gold, buy Bitcoin 26-Sep-2019 sell Bitcoin, buy Gold 12-May-2020 sell Gold, buy Bitcoin 18-May-2021 sell Bitcoin, buy Gold?
BNC:BLX
by ReallyMe
Gold - No decoupling from the stock market yet 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 addition to that, we pointed out a high correlation between the stock market and precious metals, which still continues to threaten gold's prosperity. Because of that, we stay bearish on gold in the short term and expect it to hit 1 600 USD, as we outlined exactly a month ago. Our views are based mainly on fundamental factors, which play into cards for the U.S. dollar, weakening gold's position. However, we also consider other macroeconomic and technical factors described in our other articles. Despite our grim short-term outlook for gold, we are very optimistic about its bright future. Indeed, we continue to wait for better prices to buy more of the physical metal while shorting paper gold. On the endnote, we voice a word of caution to investors over the upcoming FOMC meeting; we will provide more thoughts on this asset soon. Illustration 1.01 The picture above shows the daily chart of XAUUSD. The breakout below the short-term support will bolster the bearish case in the short term. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+ and DM- are bearish. Overall, the daily time frame is bearish. Illustration 1.02 Illustration 1.02 displays the daily chart of XAUUSD and simple support/resistance levels. Technical analysis - weekly time frame RSI, MACD, and Stochastic are all bearish. DM+ and DM- are bearish as well. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDShort
by Tradersweekly
26
BTC FAIR MARKET VALUE IN RELATION TO VOLATILITY VS. GOLD. Came across this article which confirmed what I long suspected. The more institutionalized BTC becomes the more it's volatility decreases and value increases but there is a cut off. Fair market value will always be in the forefront as far as an investment grade asset. BTC overtaking gold is highly unlikely in our lifetime. At present, there is in global circulation roughly $11 TRILLION in gold. Compare that to BTC where all the bitcoins in the world were worth roughly $1.03 trillion. Bitcoin is worth only about 9% of the world's gold supply. The combined value of bitcoin was equivalent to just 2.9% of the world's money. JPMorgan says its long-term bitcoin price target of $150,000 is unlikely as surging volatility challenges institutional adoption. Bitcoin's "fair value" is 12% below its current price, based on its volatility in relation to gold, according to JPMorgan. The bank's analysis was made on the assumption that bitcoin is four times as volatile as gold, strategists led by Nikolaos Panigirtzoglou said in a note Tuesday. In that scenario, bitcoin's value would be one quarter of $150,000, or $38,000, they said. But if bitcoin were only three times as volatile as gold, then its fair value would be around $50,000, they added. Bitcoin last traded 1.8% higher on the day around $43,564, close to its highest for a month, but is still down 8% so far this year, according to data from CoinMarketCap. JPMorgan's long-term price target for bitcoin is $150,000, up from last year's $146,000 target, assuming that its volatility level meets that of gold, or bitcoin allocations get the same weighting as gold in investor portfolios. But the bank thinks this target is unlikely to be reached any time soon, given that such a neat intersection between gold and bitcoin may not happen in the foreseeable future. Bitcoin has had a rough start to the year, with the overall cryptocurrency market slumping, as appetite for risk assets waned against a backdrop of persistently high inflation and the Federal Reserve's increasingly hawkish stance. The leading cryptocurrency fell below $36,000, and ether tumbled below $2,500 — both off from record highs of around $63,000 and $4,800, respectively. One of the major drivers for crypto in the last two years has been the huge amounts of cheap cash that has emanated from fiscal and monetary stimulus programs during the pandemic, and much of that is now coming to an end. JPMorgan said January's crypto market correction, in which bitcoin lost 17% in value, looks less like capitulation, or an extended period of decline, in comparison to last May when bitcoin fell 35%. Still, strategists said the biggest challenge for bitcoin is its volatility, as it's often unappealing to institutional investors. JPMorgan said cryptocurrencies are seeing hot growth relative to other alternative asset classes, but this doesn't have to stem from continually rising prices. "This growth does not necessarily need to come from continuous price appreciation of existing cryptocurrencies such as bitcoin and ethereum, already popular among institutional investors, but in our mind it is more likely to come from the expansion of the universe of digital assets," the strategists said.
BITMEX:BVOLEducation
by John_Q_Public
Bitcoin to Gold - Expect the top in 5 months not 5 weeks!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 market cycle (halving cycle). If bitcoin follows the same pattern that is followed in late 2017, we should see the top in 5 weeks (end of Dec 2021 or early Jan 2022), but it has played out differently this time and there are some factors to consider. The last cycle was fuelled by retail investors, but this cycle's drive is mainly institutional investors, which I believe they are delayed in entering the market and might take few months to see FOMO in institutional level. So this time we might see the top around May 2022. What news will cause the market crash? Probably Mt Gox bitcoin distributions. The top for this cycle, could be around 100oz Gold which might be around 200k-250k USD. I believe in the next cycle we will see the governments and central banks competing to get their hands on enough Bitcoin to not to lose their power. We can see USD $1 million in the next cycle top. Yes. Bitcoin will become a global currency with $20 trillion dollar market cap by 2026 and we will see other countries copy El Salvador's move in making Bitcoin legal tender. Back to the topic, here is the prediction. We sill see the top in this cycle around May 2022 due to the nature of decision making in companies which is more time consuming than the decision making process by retail investors. and we will see bitcoin hits 100oz gold per 1 BTC.
BITSTAMP:BTCUSDLong
by Mohandes
1
BTCUSD/XAUUSD ratio secrets...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 it does so with bitcoin dropping typically. Unless Gold massively runs up to bring down the ratio, it is more likely for BTC to pull back given the rise of the USD or the rise in Gold or both. Some patterns in the technical indicators show.... and it is about time for the RPM to commit to a cross down and come down, bringing bitcoin price down too.
COINBASE:BTCUSDShort
by Auguraltrader
ETH may be starting its catch up runEthereum 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 that is $1,220 and $2,013 respectively. A run for the 2,000 dollars area could take the ETHBTC pair above the channel it's been for two years. The idea of using resistances denominated in dollars-per-grams-of-gold is to account for the depreciation of the dollar.
BITSTAMP:BTCUSDLong
by yalla-yalla-habibi
What you might really look at is ...... the Gold/Bitcoin ratio. Far oversold on all scales. This means that compared to Bitcoin, Gold either becomes completely useless or is just very cheap. What do you think it is? It is worthwhile to follow the development for example on 1h. Right now it seems to be reversing. Stay tuned, it is going to be exciting. To explain it simply, if the blue curve keeps going up, it obviously makes no sense to hold on to Bitcoin, you are much better off exchanging it for Gold and holding on to it.
TVC:XAUBTC
by ReallyMe
2