Xaubtc
Bitcoin to the moon!I've done this analysis about 5 months ago! and now I see the first stage of it has came true! ,I mean the retracement part still :)
I think Bitcoin will pass Gold's market cap and it will be soon.
Note that this target is just approx. and may not be reached exactly!
But it may goes around ~ 250k $ to 500k $
After hitting this ATH, I think the previous two cycles patterns (as you can see from the chart) will repeat again and the price will go up to hit the channel's ceiling! and this could be a 3 to 4 years of a bearish BTC market :(
By the way, another less probable scenario is that, a big fundamental news may help Bitcoin to smash the channel from the bottom, and then it is BTC that will really goes to the moon! :)
What do you think?
TVC:XAUBTC
BINANCE:BTCUSDT
OANDA:XAUUSD
Gold - Be alert If you're not careful, your government can confiscate your gold. Moreover, it can probably do so without compensating you. The United States, British, Australian, and many more governments have all done this within the last 100 years. So the clear answer to you all, can the government confiscate your gold is yes.
Conclusion is, if the banks go to failure again, you may consider to sell it for bitcoin.
The fact we are flipping our monitair system digital, and the high tech revolution is on the door, could indicate some booming economy's also. There for gold haves a few good potential dips ahead.
Gold/Bitcoin in a bearish Channel - Ready for a big Pump in BTCHi everyone
Investing in Bitcoin(BTC) will have much more profit than investing in Gold. Notice the accurate movement of gold/bitcoin chart in the downtrend channel and its Reactions to the midline of the channel. Meanwhile, Static Support & Resistances are working properly.
XAU/BTC may reduce About 89% in the next coming months as you can see in the chart. Now BTC price is about 40k but get ready for Bitcoin to become more than 200k.
Wish you the best
$PAXG/BTC 1D (Binance Spot) Ascending triangle on supportPax Gold is forming a very bullish pattern and is likely to bounce after 100EMA retest, maybe even break-out later.
Also, support could break-down because of Bitcoin bullishness, but let's take that trade as a crypto hedge!
Current Price= 0.04853
Buy Entry= 0.04820 - 0.04660
Take Profit= 0.05374 | 0.05814 | 0.06650
Stop Loss= 0.04231
Risk/Reward= 1:1.25 | 1:2.11 | 1:3.75
Expected Profit= +13.38% | +22.66% | +10.30%
Possible Loss= -10.74%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
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.
PAXG/BTC 12h (Binance Spot) Descending channel on support#PaxGold is a digital asset where one token is backed by one fine troy ounce of gold bar.
Right now price is holding on parallel channel support, I believe it's a great opportunity to hedge some Bitcoin after such bull run!
Current Price= 0.14543
Buy Entry= 0.14300 - 0.14628
Take Profit= 0.15235 | 0.16302 | 0.16798
Stop Loss= 0.13693
Risk/Reward= 1:1 | 1:2.38 | 1:3.03
Expected Profit= +5.33% | +12.71% | +16.14%
Possible Loss= -5.33%
Fib. Retracement= 0.236 | 0.5 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 720h
PS: Fibonacci 0.786 at 0.17576 BTC with R/R= 1:4 would be an even better last target if you're up to it...