The chart is an effort to plot Bitcoin and Gold in a ratio to figure out potentially where we are.
The upper band (red) is where it becomes quite risky to hold bitcoin instead of gold.
Mind you this does not mean gold will give better returns but means if Bitcoin goes through a correction, Gold will likely hold stronger.
The green band is where Bitcoin becomes...
In previous times of turmoil, any investor was considered wise to place money into gold vs. fiat or any other investment vehicles. However, this comes with many issues, including accessibility, transportation, etc. So, in my opinion, Bitcoin (with its limited supply coupled with high demand, easy access, and easy transportation) will become considered the safest...
This analysis brings to center stage Bitcoin and the asset mostly linked with, Gold. On this chart, Bitcoin (the digital Gold) shows a quite similar behavioral pattern with Gold's bottom period of the 80s/ 90s bear cycle.
What stands out is this identical +33.50% bounce on Gold and the subsequent Double Top followed by a slow decline before the major lift off....
This is a common comparison of the original store of value: Gold, to the digital store of value: Bitcoin.
Their consolidation periods after their all time highs display common wave patterns and a similar behavior that resulted into successive lows. Bitcoin has very recently made its first new low and is now accumulating positions (Triangle) for the next. If...
This chart displays the similarities on the trading patterns of the historical price of Gold before and after its ETF approval to Bitcoin's historical price in anticipation for its ETF approval decision.
On March 28, 2003, the first Gold-backed ETF was introduced. The result was a +460% rise on Gold's price that reached $1920.80 on September 2011. Gold's pattern...
Will we have repeat of Gold or will Bitcoin move over our resistance line to breakout from bears? That is the questions many want to know and since we all like to compare Bitcoin ETF to Gold Elf movement, let's also compare other aspects of movement from two 'stocks'.
Let's stat off with some similarities... We have similar movement which is that downward...
