Gold Vs Bitcoin- I don’t publish much these days and right now, it’s very difficult to analyze Bitcoin in isolation.
- The market is currently heavily focused on metals, and retail investors usually rush into whatever is already pumping, which is precisely what you want to avoid.
- This chart is not a prediction, but it can help identify good entry zones to accumulate more BTC. What we need is confirmation. Gold has formed a double top breakout and moved above $5,000. From here, regardless of whether gold continues higher, the key is to wait for a bearish divergence and then rotate.
- When Bitcoin begins its next leg up, Gold.D should start to roll over. Until then, and until clear signals appear, the safest approach is to stay on the sidelines.
Sometimes, the best trade is not to trade at all, just wait patiently for the right opportunity.
Happy Tr4Ding !
