Many have in the past have compared GOLD and BTC movements and claimed BTC lags GOLD.
** This 4 HRLY Chart shows something of that effect**
Just keeping it simple, one can see that
>After GOLD has done its peak, the 2nd 4 HRLY candlestick occurred at 13:00 based on my time zone.
>With BTC, after its done its peak, the 2nd 4 HRLY candlestick occurred at 15:00 based on my time zone (2 hrs later)
>Also note the rise of GOLD and BTC price moment, interesting.
>Both charts RSI and Stochastic indicators > similar behaviors ?
Many say GOLD and BTC are both seen as a means for store of wealth, that they are in the same class\category.
On the side note, I had a person respond from Iran saying that the " agreement between Iran and USA is ongoing and there will be no war".
Is this the reason why GOLD just dropped after it became public knowledge what took place, yesterday?
Is this the same reason, in sync, why BTC dropped as well.
Is it a coincidence.
Unlikely.
How does this help with trading, maybe we should keep a good close eye on GOLDs price movement.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
** This 4 HRLY Chart shows something of that effect**
Just keeping it simple, one can see that
>After GOLD has done its peak, the 2nd 4 HRLY candlestick occurred at 13:00 based on my time zone.
>With BTC, after its done its peak, the 2nd 4 HRLY candlestick occurred at 15:00 based on my time zone (2 hrs later)
>Also note the rise of GOLD and BTC price moment, interesting.
>Both charts RSI and Stochastic indicators > similar behaviors ?
Many say GOLD and BTC are both seen as a means for store of wealth, that they are in the same class\category.
On the side note, I had a person respond from Iran saying that the " agreement between Iran and USA is ongoing and there will be no war".
Is this the reason why GOLD just dropped after it became public knowledge what took place, yesterday?
Is this the same reason, in sync, why BTC dropped as well.
Is it a coincidence.
Unlikely.
How does this help with trading, maybe we should keep a good close eye on GOLDs price movement.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
Comment:
1 HRLY Chart, times match each other at the peach decline
Discord: TradeToProspa
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
