Gold vs. Bitcoin - the next leap can happen at any time
Hello everybody,
Hopefully you got through the Christmas time well and are now waiting for New Year's Eve.
In the meantime let's have a look at what's going on at the XAU/BTC market.
If one takes the similar price constellation and the moving averages from the end of July 2018 as a model, this would mean that Gold could rise rapidly against Bitcoin at the beginning of January, then falls abruptly at the end of January, and then possibly rises again strongly in February.
What will ultimately cause these strong movements, either Gold/USD will rise sharply or Bitcoin/USD will drop sharply, is irrelevant. The ratio Gold/Bitcoin is decisive.
Take care and a Happy New Year!
Hello everybody,
Hopefully you got through the Christmas time well and are now waiting for New Year's Eve.
In the meantime let's have a look at what's going on at the XAU/BTC market.
If one takes the similar price constellation and the moving averages from the end of July 2018 as a model, this would mean that Gold could rise rapidly against Bitcoin at the beginning of January, then falls abruptly at the end of January, and then possibly rises again strongly in February.
What will ultimately cause these strong movements, either Gold/USD will rise sharply or Bitcoin/USD will drop sharply, is irrelevant. The ratio Gold/Bitcoin is decisive.
Take care and a Happy New Year!
Comment:
The leap predicted is obviously happening as we speak.
Comment:
Gold vs. Bitcoin: How's it going to end ?
Comment:
Looks pretty good so far. Just as predicted. IMHO, the move up is imminent, so you'd better get ready. In plain English: as soon as it starts moving up I'd sell all the Bitcoins and buy Gold for them. Could be very profitable by March. Then we'll see. This is just my opinion, not a trading advice.
Comment:
With all due respect, I dare to predict already today that the much-vaunted weekly MA 200 will not hold up this time. Why? Well, elementary, my dear Watson. Looking at the long-term development of the Bitcoin to Gold ratio, it is not difficult to understand what will happen to the Bitcoin price in the coming weeks and months. The excitement will be great when BTC breaks the weekly 200 MA support. It will shatter many dreams and there will be many tears. Sorry...
Comment:
Patience is the key. If you want to lose quickly, invest elsewhere. If you want to win slowly or at least preserve your savings, invest in Gold for the time being and then switch to the MSCI World / S&P 500 sometime in 2021. I'll keep you updated.
Above all, stay healthy. All the best!
Above all, stay healthy. All the best!
Comment:
The past trading week has seen the gambling Wall Street sluts still not hearing the gunshot and still hoping for some kind of miracle to rid them of their speculative equities sins.
Well, the better, the greater the atonement will be.
Well, the better, the greater the atonement will be.
Comment:
To explain what is happening and how final it is. Take a look at the development of the Bitcoin / Gold ratio over the last five years. The thick black line was always the last support. On March 12, 2020, it was broken down massively and very aggressively and became the new long-term resistance. Thereafter, on 20th March, the price still tried to overcome the new resistance and was rejected. From now on it will go down for a very long time and very deeply. A "long holding strategy" makes no sense at all under these circumstances, unless you are willing to wait many years and want to risk losing everything in the end.