XAUBTC / death crossMove towards lower trendline of the channel could coincide with bitcoin’s breakout.
XAUBTC trade ideas
XAU/BTC - inverted scaleHello Everyone,
Mike Novogratz suggested to look at Bitcoin to Dollar chart. As on TradingView is only XAU/BTC, I inverted scales (red candles ago up). Mike Novogratz suggested that breaking the line can turboboost the Bitcoin price in relation to other assets.
Indeed, if wee will se at the chart, we see there is no significant breakout still (in relation to gold, of course). Let's remember that U.S. Dollar is not a true money anymore as is massive produced without any limitations. As other states' currencies! Currently all countries print money like crazy.
In my opinion Novogratz's had very good suggestion to look at this chart! So, let's see if Bitcoin will do a breakot!
All the best, as always, all the best regards,
Paweł
Gold/Bitcoin: signalling bitcoin breakout?Either bitcoin about to break out or gold breakdown... likely the former.
Gold / Bitcoin (with inverted scale)Hello Everyone,
I just try to look at at the BTC/XAU ratio... I needed to make Gold / Bitcoin with iverted scale - red candles are going up...
Regards,
Paweł
Fine long opportunityWell, XAUBTC looks like want to test at least 1 area. I wonder at what price these two will get even.
If this long position gets successful, XAUBTC might be on its way to build a nice wedge, which would possibly be the first wave of a new bull run. We'll see...
WARNING! I am not a financial and trade advisor. I am just learning technical analysis. You should NOT use my ideas as a financial or trade advice.
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You DO NOT have my permission to use my ideas as a financial or trading advice.
Mirror Mirror on the wall who's the best performer of them all!I like both gold and silver but I think BTC will outperform GOLD. it's in the chart....
Bitcoin vs GoldBitcoin is looking good from here vs gold (which itself looks good against the dollar) with the moving average acting as support #IHaveABag
GOLD/BTC: A BULLISH CASE FOR BITCOIN !!IMHO, this is the ultimate case to be bullish Bitcoin - IF the support trendline breaks to the downside.
It is certainly making an attempt to do just that.
The next several weeks will be telling.
Note: this is a Log chart.
