Cofr4x_

Gold vs BTC a historical comparison

INDEX:BTCUSD   Bitcoin / U.S. Dollar
A comparison of corrections for Gold and Btc , Gold as a less volatile and slower market takes around 8-12 times longer for the duration of submoves and also the bigger move. Similar steps are made, for example a few lows at a certain support before the 4th one breaks it and 2 more follow (for Gold ). So far Btc follows a similar trend in terms of duration (if you divide by around 10) and price action (formation of lows). If this continues on it would give more room for lower lows and a time window towards August and September, which historically arent the strongest months for crypto as well. Then we could start a new uptrend from that floor.