One more move down... and one more very last move down... and one more... But then, at some point, there's just BOOM!!... and the upward slingshot movement starts! Or am I looking at this the wrong way? (Note: we are looking at the Weekly chart)
XAU/BTC : The bow is overstretched again - sell BTC buy GOLD ... seems to be the right strategy right now No trade recommendation, just an idea to share. Use your own assessment.
Of late, I came across a lot of coverage on the BTCUSD ratio with Gold, and there are apparently much expectations that BTCUSD is going to explode, as previously. So... I thought I ought to take a look at it myself and see what it can figure out. The chart shows it... initially, it looked very much like the BTC/Gold is about to break out and give BTC a huge...
Who will prevail, Bitcoin or Gold? The battle is not yet decided. I can't wait to see how it ends.
Leveraged Gold = BTC Although, you can't go wrong either way.
Hi everybody. When I analyzed bitcoin as gold parity last night, I noticed that it had a very clean chart. I was quite surprised at why Bitcoin's gold chart is so clear. I think whales trade bitcoin buy and sell by comparing with gold. If Bitcoin continues this technical relationship due to gold, its possible support and resistances are as in the chart. In the...
Bitcoin crashing in line with stock markets reveals its true role as play money in good times. When times are bad, however, we see Gold -- not Bitcoin, rise. Just a quick thought to share. Of course I can be wrong. Take care! ReallyMe
Hi All, I thought I have another look at BTC and Gold correlation, and to my surprise, this time it was there. They both had bearish divergences and they both a means of storing wealth as they say, same category. Can't say why, its just is. Maybe we should keep an eye on gold for those milestone levels, pivotal points. Cheers, S.Sari
If support doesn't hold , look for a downward breakout of the inverse cup/ handle pattern. Also forming a rounding top, but this also can be a huge bear trap.. Everyone knows the economy is in a bad shape w/ 20+ million on unemployment. Will a second stimulus jolt the economy and the economy re-open fully in 2 months? To be determine . I'm not a scientist, but if...
looking for another C wave breakout this time inside a bullish flag, the previous run up invalidated the right shoulder on btc, which further confirms more bullish upside
GOLD/BTC - For the next few months, BTC will be under the shadow of Gold.
Feel free to share you wave analysis on 4hr time frame, or any objections you may have. I have multiple charts, because i'm trading/investing in different time frames. Right now I'm focusing on BTCUSD C wave, and plotting another dip to add. IMHO, I've believe we've seen the lows. The 4hr c wave and breakout sets up a Daily Trend, in which at some point after a...
The AD once again showing further price expansion as its approaching a previous high. Once breakout confirms, look for $9200-9400 price range
Bitcoin gold at key fib level of 0, possible drop lower before movement upward initiates.