Do you promise not to tell? Closer, let me whisper in your ear
I'll tell the words that you long to hear:
Nobody knows now whether Bitcoin will sink or rise, but the crucial question that will determine much more is going to be
whether or not the blue line crosses the red from bottom to top. I can say no more.
Take care & good luck
ReallyMe
I'll tell the words that you long to hear:
Nobody knows now whether Bitcoin will sink or rise, but the crucial question that will determine much more is going to be
whether or not the blue line crosses the red from bottom to top. I can say no more.
Take care & good luck
ReallyMe
Comment:
My guess is that it won't make it, but like everything with future events, that's only a 50-50 chanche, so it's a good idea to monitor the behavior of the Bitcoin price development very closely over the next few days.
Comment:
Bitcoin vs. Gold : How's it going to end ?
Comment:
It's getting exciting. The line will be crossed soon, won't it?
Comment:
An update from another idea of mine (based on the analysis of the BTC/Gold ratio): IMHO, the move up is imminent, so you'd better get ready. In plain English: as soon as it starts moving up I'd sell all the Bitcoins and buy Gold for them. Could be very profitable by March. Then we'll see. This is just my opinion, not a trading advice.
Comment:
With all due respect, I dare to predict already today that the much-vaunted weekly MA 200 will not hold up this time. Why? Well, elementary, my dear Watson. Looking at the long-term development of the Bitcoin to Gold ratio, it is not difficult to understand what will happen to the Bitcoin price in the coming weeks and months. The excitement will be great when BTC breaks the weekly 200 MA support. It will shatter many dreams and there will be many tears. Sorry...
Comment:
Big, bouncy cat
Comment:
Patience is the key. If you want to lose quickly, invest elsewhere. If you want to win slowly or at least preserve your savings, invest in Gold for the time being and then switch to the MSCI World / S&P 500 sometime in 2021. I'll keep you updated.
Above all, stay healthy. All the best!
Above all, stay healthy. All the best!
Comment:
To explain what is happening and how final it is. Take a look at the development of the Bitcoin / Gold ratio over the last five years. The thick black line was always the last support. On March 12, 2020, it was broken down massively and very aggressively and became the new long-term resistance. Thereafter, on 20th March, the price still tried to overcome the new resistance and was rejected. From now on it will go down for a very long time and very deeply. A "long holding strategy" makes no sense at all under these circumstances, unless you are willing to wait many years and want to risk losing everything in the end.