Gold from 1979 to 2004 INCREDIBLE fractal vs Bitcoin 2018-2019

COMEX:GC1!   Gold Futures
I think this is worth taking a look at. Bitcoin is a faster moving market than gold . Probally someone already published something similar but i haven't seen any.

Note the incredible similarity between history of gold from 1979-2004 and the last bubble of BTC early 2018. We almost had the same % correction than gold and it keep following the fractal . I believe there is alot of institutionnal money waiting on the sideline after the 2017 bull run of Bitcoin .

1. Main picture : Gold futures from 1979-2004
2. First picture BTC : 2018-2019
3. Second picture : Gold from 1979 to 2019

I can see BTC following the fractal in the third picture and this would take us to arround 50k BTC in less than a year. There will be alot of FOMO if BTC keep going up.

You CAN'T deny the fact that is really similar to Gold , but this is not a buy recommandation. We are approaching all time high in the stocks market ( i am short right now ) and i believe there will be some of the money allocated into gold , will now flow into BTC .

Do your own research, this is not buy recommandations.

P.s. sorry for my bad english, this is not m

y main language.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out