... 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...
Gold against bitcoin was lower only in 2018. From this point I expect another 30% up in Bitcoin price till 24000 after which there will be a crush like 2018
Hello, We broke 10 oz of Gold per Bitcoin... Good work! ;-) Best, Paweł
It may be that we wait for a moment on Bitcoin getting to $15k. Nonetheless, it is going to get there, that I do not doubt. With the sheer amount of money that was just created via the from the first stimulus package, this is going to be incredibly inflationary. I expect that the combination will push a currency such as this upwards simply because it has no...
According to my wave analysis gold tested the .618 fib level but appears it’s making a fakeout to the .786 level. If this happens price will most likely drop back down an my target is $100 south to around the $1820’s.
XAU/BTC : The bow is overstretched again - sell BTC buy GOLD ... seems to be the right strategy right now No trade recommendation, just an idea to share. Use your own assessment.
Of late, I came across a lot of coverage on the BTCUSD ratio with Gold, and there are apparently much expectations that BTCUSD is going to explode, as previously. So... I thought I ought to take a look at it myself and see what it can figure out. The chart shows it... initially, it looked very much like the BTC/Gold is about to break out and give BTC a huge...
Hi 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...
Bitcoin is looking good from here vs gold (which itself looks good against the dollar) with the moving average acting as support #IHaveABag
GOLD/BTC - For the next few months, BTC will be under the shadow of Gold.
details on chart, please see 4hr chart I posted. Shorting at the top of the channel, that is a rising wedge. I'm not buying the top
details on chart. notice how its following a very similar pattern to bitcoin. I've linked the other charts for your view. I welcome feedback on the wave analysis, feel free to post your own.
previous resistance now attempting to act as support, we could have a double C wave form and a double bottom on bitcoin. The chart shows previous resistances now acting as support, we need to continue to monitor the price action to determine at which level C wave will form. Gut tells me shorts think this will form into a head and shoulder. That is true it could,...
The AD once again showing further price expansion as its approaching a previous high. Once breakout confirms, look for $9200-9400 price range
also creating a bullish bull flag on 1hr based on the money flow injected