XAUBTCK trade ideas
Gold / BTC in rising wedgeAre we rounding the cup, or are we just trapped in a bearish rising wedge?
XAUBTC BEARISH OVERALL BIASPrice subject to retesting prior "Demand-turned-Supply Zone", while in a short-term bullish trend. Only, to find it's way heading south for new Demand zones...
Sell your #Bitcoin to BUY #GOLD and here's the targets The idea is to sell your coins now and buy the real gold bars
to the last target
and there re-buy $BITCOIN with 1600% of your original quantity
the chart supported by #BTCUSD chart as we expecting some sort of correction and #XAUUSD as we expect a good bounce till 3500 levels
Good luck...
Gold bull, Bitcoin crashI see bitcoin crashing now (target could be 20.000$) as gold gets the final attention.
Gold strikes back! On the daily chart it is showing a significant chance for gold to outperform Bitcoin during the month of May.
Tomorrow is your last day to position in Gold and gold miners.
BTCUSDT Shortbtc / gold levels , it breake trned line , so look for a candlestick confirmation in #btcusdt #short .
Gold / Bitcoin - regular Bullish divergenceSince March 2020 Gold has taken a beating as measured against Bitcoin with a drop of 90%. That’s about to change.
On the above 2-day chart a regular bullish divergence has emerged between price action and the oscillators following the oversold condition (orange column).
On the 10-day chart the Money Flow Index has broken out from resistance. Price action returned to the 21-week moving average (green) in previous breakouts, currently 150% away.
I know the bitcoin bulls are not going to like this, however the last two occasions those oversold conditions occurred in the Gold / Bitcoin pair, Bitcoin dropped 80% & 60%, respectively. A repeat of 60% would take Bitcoin to $20k in dollar terms.
Target? No clue - will update idea when overbought.
Action to take? Not financial advice - however I use those opportunities to swap a good chunk of the Bitcoin stash into gold if you want more Bitcoin. You could 2x your Bitcoin holdings here. PAX Gold on Binance makes it super simple.
Good luck.
10-day chart - MFI resistance breakout
GOLD vs BITCOIN => Reversal Soon?First of all, I would like to thank @TradingView for this amazing chart combination!
As per my last idea (attached below), we know that this bearish trendline is getting weaker as the impulse movements are getting smaller and flatter.
XAUBTC formed a valid channel, but for the buyers to take over and the bullish trend to start, XAUBTC has to break above the last swing high (highlighted in gray)
Meanwhile, until the buy is activated, XAUBTC would be overall bearish.
Again...
If this happens and XAUBTC goes up => it means:
Scenario 1 - GOLD UP, and BITCOIN DOWN
Scenario 2 - GOLD UP, and BITCOIN UP with Gold moving up more aggressively
Scenario 3 - GOLD DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively
Are we going to see this break soon? What do you think?
~Rich
XAUBTC - BTFD ideaGold is an interesting chart to use for purpose of calling bitcoin tops and bottoms, and conversely when to buy gold. XAUBTC looks to fall around 30% more for buy zone
GOLD vs BITCOIN => Who Will Win?First of all, I would like to thank @TradingView for this chart combination!
I found XAUBTC chart interesting. Here is why.
XAUBTC has been bearish for a while. HOWEVER...
We can clearly see that the impulse movements are getting smaller and flatter . (as shown by the angles highlighted in blue)
So from a market structure perspective, this is an early alert that the buyers are losing strength, and we might have a potential reversal soon. BUT WHEN?
For the buyers to take over, and the momentum to be shifted, XAUBTC has to break above the last swing high. (around 0.04 - 0.05)
If this happens and XAUBTC goes up => it means:
Scenario 1 - GOLD UP, and BITCOIN DOWN
Scenario 2 - GOLD UP, and BITCOIN UP with Gold moving up more aggressively
Scenario 3 - GOLD DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively
Which scenario is more likely to happen in your opinion? and Why?
~Rich
Gold kilo / BTC parity incomingWhich would you rather have as an investment vehicle? What is the fundamental value of bitcoin's built-in exchange network?
BTC/USD vs BTC/GOLDI love... all of this.
Note: Everything on the right side is inverted
Posted without further comment.
Gold had ONE JOBInflation came and gold had one job. Somebody took it. It probably isn't coincidence that bitcoin was invented as gold was rising to its previous all-time high. Bitcoin does what it says on the tin (whitepaper attached). In it you will find sixteen lines of code.
Bitcoin market cap is approaching 10% size of gold.
Bitcoin price has surpassed a kilo of gold.
GOLD BITCOIN xau btc -- Monthly Chart -- Possible Double BottomLooks like Gold might go bullish for a while vs BTC on the monthly chart, BTC will probably get it's turn again after, for now Double bottom on the Monthly chart is showing a possible reversal coming over the next few months.
