In 2021 and 2022 37 useful ounces of gold bought 1 Bitcoin, currently 26 ounces will get one that same useless bitcoin. I drew an arc by joining the dots. It was fun and i hope you enjoy.
A Bearish Island Reversal, it doesn't look good for microstrategy.
Bitcoin forming a perfect arc pattern. Could be, I don't know, not that bothered, but if so Bitcoin can run up to $90,000 before going to zero in 2040.
Will history repeat? The last bull runs in the last 50 years projected. 1970 to 1974, 1976 to 1980 and 2001 to 2011.
Click the link! I see this Cup and Handle chart thrown around however the Real Cup and Handle can be found here . Trading view doesn't go far enough back in history to show the cup and handle pattern here.
I think gold is going down below 1700 next week. Looks like bearish divergence on the hour chart, plus lower highs, lower lows and a doubletop. On top of that the end of the month sell off and May is typically not a good month for gold. Fundamentals are confusing the technicals so I'm sitting on the sidelines next week or at most scalping. Good luck!