The Chart is possibly one of the most important to me right now,
While everyone is waiting for Bitcoin to push back up and be the "store of Value" that everyone needs in this age of unsettled Finance, the old School is still saying that GOLD will do just that, as it has in the past
The main difference between the two is that People Jump for Joy at a 10% increase in Gold Price over years while BTC has already seen a 100% increase since January alone.
This is clearly visible in the Chart as we see the increase in BTC price over XAU Gold
But as can also be seen in the chart, is PA has been rejected off the 236 Fib retracement line, Classid resistance
It also must be said that when BTC drops, it doesn't do it by halves, with the -80% drop from its ATH. THIS is when Gold was the better option
But right now, we have GOLD/USD showing Gold up against a tough line of resistance and the BTCUSD chatry showing BTC with low Volume.
Andso, This chart, shows us who is the better option when DXY $ Begins its next phase of descent, Which it Will do
Trade safe Guys and Gals
While everyone is waiting for Bitcoin to push back up and be the "store of Value" that everyone needs in this age of unsettled Finance, the old School is still saying that GOLD will do just that, as it has in the past
The main difference between the two is that People Jump for Joy at a 10% increase in Gold Price over years while BTC has already seen a 100% increase since January alone.
This is clearly visible in the Chart as we see the increase in BTC price over XAU Gold
But as can also be seen in the chart, is PA has been rejected off the 236 Fib retracement line, Classid resistance
It also must be said that when BTC drops, it doesn't do it by halves, with the -80% drop from its ATH. THIS is when Gold was the better option
But right now, we have GOLD/USD showing Gold up against a tough line of resistance and the BTCUSD chatry showing BTC with low Volume.
Andso, This chart, shows us who is the better option when DXY $ Begins its next phase of descent, Which it Will do
Trade safe Guys and Gals