Bitcoin (“BTC”) – the millennial gold - continues to outshine traditional gold. BTC prices have climbed higher after the listing of spot ETFs. A wider bull rally in the cryptocurrency markets is also underway. ETH touched its highest level since 2022. The total cryptocurrency market cap is 14% higher YTD.
A diverging outlook between BTC and Gold is emerging....
This chart is for entertainment purposes only and setups up a possible bear scenario. I'm not an expert at distribution patterns but I thought it would be fun to see if this might fit the pattern.
I don't think gold is excluded from the 'everything bubble' that the Fed is trying to pop. The Fed has been very clear that interest rates are going to go higher and...
I'm watching the market cautiously at the moment. BTC is up almost 50% since its last low in December without even a 6% correction. We have had 5 consecutive higher highs, but the MACD has conversely made all consecutive lower highs. Taking a look a previous times this has happened in 2022, we had precipitous drops. Volume is also decreasing despite making higher...
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This is comparison of Bitcoin (BTC) versus Gold (XAU) , so if the:
*price is going up, it means BTC is stronger than XAU
*price is going down, it means BTC is weaker than XAU
After strong initial impulse down the pair...
As i have stated yesterday about the btc prices been bearish. BITSTAMP:BTCUSD
as you can see the price movement yesterday was ridiculous, tricking many, many people going into long positions.
the buy volume was so little but with a massive green candle is corporate funds exiting the position after jacking up the price for retail investors.
Dont fall for it next...
There is confluence with the idea that we could see BTCUSD visit $16K levels (twitter). If that is the case, I would say high 16s would be the target. Possibly with a longer and fast wick mid 16s are plausible. But anything slower would breach the 300gr level ($16.6K at the moment) which would let the next level come into play. That is the 200gr level ($11K at the...
XAUBTC is one of my favorite indicators to decide if bitcoin's big crash or big pump is over! The rivalry between GOLD and BTC is worth watching and being careful about.
It seems that bitcoin will suffer a little more depreciation against gold and will lose more value until it reaches the next resistance zone, I mean between 0.1 to 0.11. After the touch and a few...
BITCOIN has done nearly a 3,470,256% increase over the past 10 years, how much could you really make after its gone up so high!
- I personally own 0 BTC not even a SATOSHI!
- If BTC reaches $1,000,000 (£789k) then that would be a return of around 34 X LOL (So if I put £1,000 I only get back £34k) MEH BORING!
- I am here for 100-1,000 X GAINS!
- The only...
BTC is going to continue in this channel permanently. I fully expect to see the collapse of the dollar, the rise of silver and gold and the steady increase of BTC.
Trying to make sense of Bitcoin's move, we should probably look at Bitcoin to Gold chart. Why? I think US Dollar has lost it's credibility as unit of account due to massive amount of newly printed dollars. Bitcoin to Gold shows an ascending triangle taking shape at the moment. Now the question is how we can predict when we will see the Bitcoin's top for this bull...
This is the daily chart for BTG
As can be seen a symmetrical triangle has formed
Price has moved up out of the triangle while maintaining the lower ascending trendline
This is a good sign for a potential breakout
Very cheap BTG !!
In grams of gold terms, bitcoin has already bounced off its previous all-time high. So if it can flip the $42K area to support, the next area to look for a new ATH, in gold terms, would be about $68K.
It's another fall SETUP for GOLD
Well this time it will move more down 1715, but before that it should touch resistance of 1772 and 1775. It will be good to place order blow 1770.
Price shouldn't go above 1782, this will change the flow.
Look at 4H chart and see for strong chandle that make sense.
Our target is 1715 and 1668.
If you like this just follow and...
Ethereum usually follows the movements of Bitcoin. However, in the last 18 days, Bitcoin has had a massive run while Ethereum has stayed proportionally behind. BTC has gone 75% over is previous ATH while ETH remains 45% under its ATH. Suppose we are about to see a catch up run like in 2017. The gold denominated resistances are 20grs and 33grs. At current prices...
