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since Jun 25, 2021
beyondta
btc
chartpattern
economiccycle
fibonacci
gold
indicator
supportandresistance
trendanalysis
trendline
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This chart shows the flow of money between 2 assets: BTC and GOLD. The current perception in the market right now is that BTC is being used as a store of value. This narrative is backed by the chart showing that both compete for the same position in the market. Outside of general correlation, I suggest that Gold is being used as a vehicle to accumulate more BTC ....
6
Each consecutive fib line acts first as resistance and then as support as we move along. Bottom is set at 39.7 Next ICP will try to break 0.25 fib resistance line. It will be a steep climb but when and if it breaks 0.75 key resistance it can reach 140 150 price targets.
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