Approaching a crucial level of Demand!The BTC/XAU ratio is unusual but, imo, could add confluence to BTC’s PA. We often use majors like TOTAL, USDT.D, USDC.D, BTCUSD/USDT.D, BTC.D. ETH/BTC and BTC pairs to find confluence, so why not include this chart?
👉Why BTC/GOLD?
It highlights BTC’s relative performance against a traditional safe-haven, helping confirm bullish or bearish trends when aligned with BTC/USDT technical levels.
Personally, I analyse TOTAL and USDT.D to gauge BTC’s PA and identify 🗝️ levels, but I’m now incorporating BTC/GOLD to see how it performs. It’s not about complicating things - it’s just a bit of extra confluence, especially if it aligns with TOTAL and USDT.D.
Recently, we noticed something odd: majors like TOTAL and USDT.D hit our levels, but BTC didn’t. That’s why I’m exploring other charts (S&P 500, DXY, BTCUSD/10Y), to see how they align and whether they strengthen our analysis.
I’m watching a 4D demand zone + 23H HOB + TL support, checking how price reacts and if it lines up with our 🗝️levels on #BTC and #USDT.D (we’re eyeing 6.5% on USDT.D as HTF resistance/EP).
I’ll keep updating as I test BTC/GOLD’s reliability with BTC. 🥂
