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norok
Nov 18, 2020 1:38 AM

Bitcoin is going to the high... then what? Look at Gold! Long

SPDR Gold TrustArca

Description

It is readily apparent by now that BITFINEX:BTCUSD is on a run for the last ATH. When the price of something is this close to such an obvious level with momentum it is a very high probability bet it is going to reach it and even break it. But what then? You have to BE SMART. A lot of people that don't watch this video are going to FOMO and I pity them but hopefully it comes with a lesson. That lesson they will learn one can already learn by just looking at the chart of AMEX:GLD this year.

Comments
JvlioCesar
Hi Norok, thanks for this.

Pretty much spent my day off looking at some of your videos and try to make my own strategy using MACDAS.

Is it possible to program alerts once it triggers a signal? If so, how can the code manage along a watchlist?

Anyway, thanks for your brilliant work!
norok
@JvlioCesar, You can definitely code alerts into tradingview indicators so that when a certain criteria is met it triggers the alert condition.

You then have to go on each instrument and each timeframe and set those alerts. From there you can be notified through Tradingview via the web, SMS, or email. It's pretty neat. However, most packages with Tradingview limit your number of alerts. I personally pay to have 1000.
MikeJoseph
just from you own chart if you bought now and it corrects similarly to gold, you'll still be green overall, moving forwards gold will spike again, so will btc
norok
@MikeJoseph, You could be correct. I'm happy that you took the time to do the measurement and find that statistic!

To your second point about gold spiking again... that is just an opinion. There is no guarantee. In fact, to see what could happen one could look at Oil. It had an overshoot of only 2% back in 2018 and well... we see where it went from there!
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