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forclout
Mar 16, 2024 3:26 AM

$BTCUSD Weighing in for it's Golden Bull Run Long

Bitcoin / U.S. dollarBitstamp

Description

Back in 2020 I posted the following chart :

where I was looking for potential targets on BITSTAMP:BTCUSD during its bull run.

The following lines are for specific weights of XAUUSD.

Yellow = 1 Troy Ounce of Gold
Orange = 1 Troy Pound of Gold
Dark Orange = 1 Troy Kilo of Gold


I have added the next weight of OANDA:XAUUSD to the chart for future reference as backtesting the weights of gold seem to give some interesting clues as to where BITSTAMP:BTCUSD may end up in each Bull cycle.

Pink = 1 Troy Stone of Gold
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