... the Gold/Bitcoin ratio. Far oversold on all scales. This means that compared to Bitcoin, Gold either becomes completely useless or is just very cheap. What do you think it is? It is worthwhile to follow the development for example on 1h. Right now it seems to be reversing. Stay tuned, it is going to be exciting. To explain it simply, if the blue curve keeps...
This is my personal opinion and observation. it is not financial advice.
Gold against bitcoin was lower only in 2018. From this point I expect another 30% up in Bitcoin price till 24000 after which there will be a crush like 2018
We have solid structural weekly downtrend developing. Targeting 0.01 BTC for each ounce of Gold but overall prospect is to go even further lower.
This is my personal opinion and observation. it is not financial advice..
The $XAUBTC relationship has previously shown similar consolidations followed by rapid 10x breakdowns at 100, 10, and 1. How fast can we go from .1 to .001?
#PaxGold is a digital asset where one token is backed by one fine troy ounce of gold bar. Right now price is holding on parallel channel support, I believe it's a great opportunity to hedge some Bitcoin after such bull run! Current Price= 0.14543 Buy Entry= 0.14300 - 0.14628 Take Profit= 0.15235 | 0.16302 | 0.16798 Stop Loss= 0.13693 Risk/Reward= 1:1 | 1:2.38 |...
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.
What does it look like to you? Will the blue line go up or down or stay flat for another year?
...has so far - and that since November 2017 for almost 3 years already - not yet produced a clear winner. Everything dances around the center line 0.19. Go figure!
Who will prevail, Bitcoin or Gold? The battle is not yet decided. I can't wait to see how it ends.
XAU/BTC: The tiger is poised for the next big leap. In my scheme of things it is going to be a major leap up. But of course I could be wrong and I am curious to follow the outcome. The market is always right. Take care, ReallyMe
Hello Everyone, I just try to look at at the BTC/XAU ratio... I needed to make Gold / Bitcoin with iverted scale - red candles are going up... Regards, Paweł
Bitcoin is looking good from here vs gold (which itself looks good against the dollar) with the moving average acting as support #IHaveABag
IMHO, this is the ultimate case to be bullish Bitcoin - IF the support trendline breaks to the downside. It is certainly making an attempt to do just that. The next several weeks will be telling. Note: this is a Log chart.
If there is any uncertainty in risk-on crypto, this might be a good hedge to scale into for both short term and long term. Momentum looks good. Technical look good. Fundamentals are solid. RSI is could go either way. MACD a little light red, but improving. Possibility of small drop to retest. And/or If XBT , BTC pops, then that's great. This would still be...