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Storeofvalue

Gold - Getting Ready for the Next Impulse!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XAUUSD has been overall bullish, trading within the flat rising channel in blue. Currently, XAUUSD is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting strong demand zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #Gold approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
2
GOLD BREAKS ASCENDING TRIANGLE OUTSometimes, you have to see the things from a different perspective, the chart of Gold against major currencies, writing this on the chart: "" TVC:GOLD/((FX_IDC:CHFUSD+FX_IDC:EURUSD+FX_IDC:GBPUSD)/3) "" you can observe that the price has successfully broken out from a long accumulation inside an ascending triangle and that it's about to break the all time high meanwhile if you look at the gold chart against dollar, there is a 4.5% remaining to reach the All time High. I have been watching gold for a while and in my opinion it can be a good investment for the coming years and taking in to account the recent actions of the FED you can see what is the store of value number one. It always was and It always will be. Just a small point, in December of 1913 the FED was created and one ounce of gold was worth 20.65$ now, today, more than 100 years later it is worth 1990$. You can see this in two ways, the gold went up a 9536.80% or the dollar went down a 98.96%. Imagine if you had keep your savings in dollars for all that time. Now, going back to the idea, as you can see in the chart, the first target of the trade is 2229$ which is the height of the triangle and I think that can be easily reached within this year. About the entry, I would recommend wait for a retest of the breakout point, but taking in to account the current situation the chances of retest are not high so to enter now can be a good option. I recommend to set a stop in 1595 because you can never be sure and the first is to preserve your capital, then grow it. Basing my opinion in the Fibonacci Levels, I think that GOLD can easily reach 4085 in the coming years as level 1.618. I hope that you found useful this idea, I will be happy to see your opinion in the comments and don't forget to give a boost if you agree.
TVC:GOLDLong
by piccard54
#KAS/USDT 4h (ByBit) Broadening wedge on resistanceKaspa is facing 200MA where it already got rejected once, seems likely to retrace down to 50MA support. ⚡️⚡️ #KAS/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (6.7X) Amount: 5.0% Current Price: 0.03945 Entry Targets: 1) 0.04020 Take-Profit Targets: 1) 0.03540 Stop Targets: 1) 0.04260 Published By: @Zblaba $KAS BYBIT:KASUSDT.P #Kaspa #L1 #PoW kaspa.org Risk/Reward= 1:2.0 Expected Profit= +80.0% Possible Loss= -40.0% Estimated Gaintime= 4-8 days
Short
by TradingOn
BTC vs GOLD: A Comparative Analysis of Two Stores of ValueIntro Bitcoin and gold are both commonly considered stores of value. Many alt coins also claim to be a store of value After the recent banking issues in the world, we have seen these stores of value shoot to the sky in valuation. This got me thinking a bit about the old question, "What is best? BTC or Gold?" I believe this question really bases on the fundamentals for digital value vs physical value I will try to examine the pros and cons of each store of value and analyze what factors determine their price. Bitcoin as a Store of Value The technology provides a secure and transparent method of transferring and storing value. Some of the pros of having a digital store of value for money include ease of use, low transaction costs, and borderless transactions. However, there are also some cons to consider. One is the security concerns is simply that there are some technical attack vectors to mint infinite coins, which would completely destroy the demand. This article writes about it: medium.datadriveninvestor.com Another is the lack of regulation; since there is no central authority controlling Bitcoin, the value of Bitcoin can be volatile. A lot of people hate on CRYPTOCAP:ETH for being more at risk of being centralized after it's fork to proof of stake, however this is actually to avoid the issues with governments. I believe institutions will be integrating ETH more than they would BTC, because it's becoming greener after proof of stake, and because it is easier to regulate. I understand the point of actually wanting decentralization of money, but I also see the limits in regards to how we intergrate it into the world. What has done best? BTC has been outperforming GOLD for most of the time since it's inception: This chart shows the price of BTC compared to GOLD, when it goes up, it means BTC is getting more expensive compared to gold The correlation between BTC and GOLD is, unlike between the US dollar, varying. However, in times of termoil, we see them have the same direction in the short-mid term. Gold as a Store of Value Gold has been used as a store of value for centuries. Some of the pros of having a physical store of value for money include its durability, scarcity, and intrinsic value. When it comes to the practical use for GOLD, we really only see it being used for central aspects in electronics. One issue of gold is the storage and transportation costs, which can be significant. Another is the vulnerability to theft, as gold is a physical asset that can be stolen. Furthermore, the whole point of this discussion is to see what is better if someone wants to keep custody of their money, how is the value best stored? You can't just keep large amounts of GOLD in your house! Determinants of the Price of Gold vs Bitcoin The factors that determine the price of gold include supply and demand, inflation, geopolitical events, and the strength of the US dollar. The factors that determine the price of Bitcoin are different. They include supply and demand, mining difficulty, regulation, and adoption. Unlike gold, which has a finite supply, Bitcoin has a fixed supply cap of 21 million coins. The mining difficulty of Bitcoin also affects the price, as mining rewards decrease over time. The regulation of Bitcoin also affects the price, as some countries have banned or restricted its use, while others have embraced it. Adoption is another factor, as the more people and businesses that accept Bitcoin, the more valuable it becomes. The simplest way of putting it, BTC is an excel-sheet, that keeps track of all the transactions, and users pay miners to keep it running Okay Omar, so what now? Well... I am not a financial advisor, but I want to share my insights on which direction they both might be going in the mid-long term: My TPI on BTC is super bullish on the 1D, it is at the value 1, which is the most buillish it can be, this means we are still bullish for the mid-term until we see weakness in the Trend Probability Indicator. When it comes to gold, it's actually the same story. We are currently in a time where people are losing trust in the financial institutions. This means that these stores of value, in the short-term, will have to push a bit higher, because demand for these is up! Notice the correlation between GOLD and BTC is roughly 0.59 at this current time, which is actually higher than some altcoins! I'd love to hear your thoughts, give me some contructive critism!
INDEX:BTCUSDLong
by IkkeOmar
Bullish on BTC: Analysis and Strategy for Long Trade at $27kBTC has seen a significant pullback from its recent all-time high of around $69,000 in November 2021, and it is currently trading around $27,000. However, there are still reasons to be bullish on BTC over the long term. First, BTC has been through several market cycles before, and historically, it has always recovered and gone on to new all-time highs. Second, there is increasing adoption and acceptance of BTC as a store of value and a medium of exchange, with several major corporations and institutions investing in BTC and integrating it into their operations. From a technical analysis perspective, BTC is currently trading in a range between around $28,000 and $32,000, with a strong support level around $26,000. If BTC can hold this support level and break above the upper end of the range, it could signal a potential bullish reversal. To go long on BTC, one potential strategy could be to wait for confirmation of a breakout above the range and enter a long position with a stop loss below the support level. It is important to remember that trading BTC, like any investment, carries risks, and it is crucial to conduct your own research and risk management before making any trades. #BTC #cryptocurrency #tradingstrategy #longtrade #technicalanalysis #storeofvalue #investing #financialmarkets
CRYPTO:BTCUSDLong
by ss7trader
ETHEREUM FOLLOWING THE PATH!ETHEREUM has completed the 5th wave of an Elliot Wave structure. We are now looking at an ABC Corrective phase on the charts. Lets break the ATH before we think about longer term targets. I put up the prediction on Twitter the other day when we were making HH as there was influencers saying we were going to hit $5,000 this week. Do not listen to FUD and OPIUM Tweets, you will get REKT. I now see ETH as a store of value, with the current gas fees it is almost unusable to the average person. I normally move my crypto gains from ALTS into BTC & ETH as store of value.
COINBASE:ETHUSD
by Fakeoutking82
$RSR/BTC 2D (Binance Spot) Big falling wedge near breakoutReserve Rights looks ready for a very bullish move after regaining 50MA and it's being retested right now, fill your bag here. Current Price= 0.00000085 Buy Entry= 0.00000085 - 0.00000077 Take Profit= 0.00000108 | 0.00000140 | 0.00000164 Stop Loss= 0.00000063 Risk/Reward= 1:1.5 | 1:3.28 | 1:4.61 Expected Profit= +33.33% | +72.84% | +102.47% Possible Loss= -22.22% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 4.5 months
RLong
by TradingOn