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Goldbtc

The similarity between BTC and Gold will shock youWelcome all I checked the GOLD chart after hitting new ATH recently and I found big similarities with BTC both assets formed : 1- Accumulation phase 2- Stoploss hunt phase 3- And finally, GOLD made the uptrend phase and printed new ATH historically BTC has followed GOLD several times before (why not? it's the digital GOLD) if we followed the pattern of GOLD then BTC now should be on its way for achieving new ATH! DO U AGREE? If you enjoyed our style in trading and analysis, support our ideas by likes and comments
Long
by Babenski
25
BTC vs VirtualGold- Did you ever notice that BTC and PaxGold/BTC have a perpetual inverted correlation ? - All Pax Gold tokens are backed 1:1 by ounces of London Good Delivery bars held in Brink's vaults. - Allocated gold-backed PAX Gold tokens are protected both in the vault facilities and in transit. Availability of FDIC Insurance for Stablecoin Reserves. - PaxGold acts as store of value when BTC dip. - Some Whales don't like to switch their BTC to stable coins. - So they just turn on PaxGold when BTC crash. - This also can be a good alternative if you don't use too heavy Leverage. - Keep 50% in BTC. - Keep 50% in PaxGold. - if you are fast enough, you could find a way to make some bucks. PS : Don't forget that this analyze is 100% paired with BTC. Happy Tr4Ding !
by thecryer
2
Gold vs BTC, which one will make the next move? XAUBTC is one of my favorite indicators to decide if bitcoin's big crash or big pump is over! The rivalry between GOLD and BTC is worth watching and being careful about. It seems that bitcoin will suffer a little more depreciation against gold and will lose more value until it reaches the next resistance zone, I mean between 0.1 to 0.11. After the touch and a few days of range on the area, either the red or the green scenario is going to happen and it's too soon to talk about it. But in the case of the green scenario which leads BTC to gain value against gold, I'm expecting a sharp reject because there is no obstacle to reaching 0.06 on the chart and it means a nice pump for the bitcoin. DO YOUR OWN ANALYSIS. DO NOT FORGET MONEY MANAGEMENT.
TVC:XAUBTCShort
by bhnmzm
Did a bit of ETH to BTC conversion on the Run Up in ETH priceNoticing that the trend has started to reverse, not so sure about converting BTC back to ETH unless ETH corrects very hard...like below 1K again, which might be in the card over the weekend...Why the dump...don't care...probably has something to do with Real Interest Rates rising. Gold got clubbed like a baby seal early in European session, so I guess Gold is now a bit of a leading indicator for crypto...Interesting, will have to make use of this knowledge in the future if the correlation holds up.
Long
by JJMa
Is Bitcoin trading in a Bul Flag?Or potentially a descending triangle, Bitcoin is being met with resistance that I have colored blue which is a downward sloping trendline since the blow off top of late 2017, and the other blue line is strong support dating back to 2017 & more recently it's acted as a Micro bottom multiple times. Bitcoin is still trading above the 200 Day MA & with the halving approaching it's very possible this plays out bullishly, only time will tell. One thing to keep in mind is that Bitcoin wasn't nearly as liquid for the previous halvings, now with the CME futures & Bakkt etc etc now in play it's important to be aware of a potential sell off. Hyperinflation is real, and it can happen to the United States & Canada, if you think otherwise you are gullible & don't know your history. Bitcoin, Ethereum & decentralized p2p electronic transfer of value is not only the future, it's the present answer to such a scenario. Along with some other traditional assets like gold & silver. Zimbabwe,Turkey, Iran & Venezuela have all been experiencing Hyperinflation recently. Do you know the last time Zimbabwe had a Hyperinflationary period? March 2007 - November 2008, History repeats itself. This is the same time the most recent financial crisis took place, resulting in Bitcoins whitepaper being released by Satoshi Nakamoto. A major historical precursor of hyperinflation is war that destroys the capital stock of an economy and dramatically reduces output, but the misplaced monetary and fiscal policies that ensue are almost always part of the story. Even some of the largest economies in the world today; China, Germany, and France have suffered devastating hyperinflationary episodes. Hyperinflationary episodes have appeared several times over the past century, around 60 times to be more exact, as the world's nations have experimented with fiat currencies backed by the full faith and credit of the governments that issue them. At times, that full faith and credit has been misplaced and holders of unstable currencies have been caught empty-handed in countries all over the world. In regards to Gold, I'm not sure if people understand this, some say Gold is a store of value & I agree, kinda.... It depends on what you consider a "store of value." Because technically, since Aug 2011 Gold has been in a bear trend, and it appears as though its made a double top, unless Gold creates a new all time high with the more recent bullish activity. Gold went as high as $2,172.26 USD in January of 1980, and dropped nearly 75% afterwards & went into a 21 YEAR BEAR MARKET. Nice STORE OF VALUE! Bitcoin on the other hand has much faster boom & bust cycles. Gold went from $678 USD in Feb 1934 to $236 by Dec 1970, over a 50% decline & a 36 year bear market until the price recovered increasing 10x in 10 years from 1970 to 1980's. I wouldn't be surprised if Bitcoin retested it's 2017 ATH before Gold retests its January 1980 ATH! Bitcoin has provided greater returns since 2015 than owning an ounce of Gold at spot price since 1975, even after Bitcoin has fallen from recent All Time Highs. This trend will continue, Bitcoin & crypto related assets can be part of your portfolio, even if its only 5%. Gold is the yellow line.
COINBASE:BTCUSDLong
by ScotianBot
1