etfsandstuff

GOLD/BTC

Long
The relationship between bitcoin and gold has been interesting . Using the XUA/BTC ratio we can see that bitcoin has not outperformed gold since the top of BTC at december 17th. The ratio has traced a 1 year bullish triangle pattern that i believe will be broken to the upside as gold regains its rightful place as a store of value and BTC loses its place as the leader of cryptos to other more useful cryptos. Dont get me wrong, i love cryptos but BTC is going to lose its position as the top crypto this year.
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