But how does it really look like in the long run compared to Bitcoin?
The chart above shows you how many Bitcoins could be bought for one ounce of Gold over time. What do you see?
To me it looks like we might be just past the bottom of a channel going up, don't you agree?
If this assumption were correct, that would mean selling crypto, buying Gold , but this is just such a crazy idea and I can always be mistaken like any of us. So think about it for yourself and do what is best for you according to your own judgement. Take care & have a great day.
ADX is 33
RSI is 33
What the hell is going on? I wonder which way Gold/Bitcoin will choose.
According to the classic logic it would return sometime towards MA100 and in view of the low RSI, it would do it soon.
But what does classical logic mean when it comes to crypto? ;-)
What is the next target? $1,640 then on to $2,000?