Be aware of this hidden Fractal-Similarity between BTC and Gold!

__________________________________________________________________________________________________________________________________________________________________
Hello traders investors and community, today I share with you an amazing observation which I found in the bitcoin and gold chart.
As many people know when we talk about digital gold we bring bitcoin in the conversation, similarly to the physical gold the supply is limited and the
production is similar, the difference to the physical gold is that the production and supply of bitcoin is 100 % digital.
__________________________________________________________________________________________________________________________________________________________________
When I compared the charts to one another I figured out that there is not the only similarity in production and supply but also in the chart picture!
Looking at the physical gold chart the overall structure can be divided into four phases. You can see these phases marked in the charts.
There is also the big descending wedge in gold which already confirmed the same way in bitcoin.

Phase 1: Correction: Gold provided a significant correction from 1900 to 1050 before it formed the ongoing uptrend, this fractal can also be divided into a Wyckoff accumulation phase.
When looking at the bitcoin correction phase we see an unbelievable similarity with the physical gold chart, as it formed the exact same correction fractal which can be divided in
a Wyckoff Cycle.

Phase 2: First Uptrend: The first uptrend in gold is important because it brought gold from 1050 to 1350 in a massive up-trend wave before the consolidation set in, we saw the same
dynamic in the bitcoin chart as you can see when looking at my chart.

Phase 3: Consolidation before Breakout: When looking at the consolidation phase of gold I saw that there is a significant wedge formation before a massive breakout happened, you
can see the breakout marked in the chart with the red Ellipse. Like a correction in bitcoin the next weeks is the most probable scenario we can expect a similar wedge pattern
before a breakout.

Phase 4: Second Uptrend: The second uptrend with gold is developing right now, this is the point where bitcoin is still in the correction phase, but the setup is highly probable as
there are so many similarities in the charts we can expect bitcoin entering the breakout and phase 4 symmetrical to gold. The only difference is that the charts diverge in time.
__________________________________________________________________________________________________________________________________________________________________
Soo my friends, this should be a good overall overview of the physical gold and digital gold compared to one another. ;)
Please like and follow my work for more market insight. All the best and good trading profits my friends!
__________________________________________________________________________________________________________________________________________________________________

Comment:

ANALYSIS UPDATE: Some people asked me "What is the difference between Digital Gold and Physical Gold?" before.

The answer is easy yet an important aspect when considering a trading opportunity in either Digital- or Physical Gold.

Digital Gold, also known as Bitcoin is: Decentral, Valuable, Portable, Scalable

Through such conditions, there are much more bullish expansion potentials with Digital Gold (Bitcoin) in comparison to the determined market.

The patterns as already mentioned within my analysis are the same, the huge difference is that Bitcoin transformed the pattern into a much larger price swing.