You know that old crypto saying: "Litecoin is Silver to Bitcoin's Gold". Well now 'Gold is Silver to Bitcoin's Sound Money Supremacy'. Well in price ratio terms it is. I know I'm not comparing apples with apples, & for the purpose of not embarrassing Gold's post crypto performance any further, it's probably best I don't. But in terms of available supply, there are...
Just a heads up, there are many easy ways out of crypto and into gold, it wouldn't shock me to see metals going up, with all this new crypto wealth that was created this year.
I'm holding some physical positions, and looking to stock pile some more.
Might be a good idea.
(Note: I'm a beginner at technical analysis. Comments welcome.)
This chart is Bitcoin priced in gold via USD.
Circled high volume spinning top followed by long red candle. Means there was a lot of trading happening around 0.8281 therefore resistance now stronger. Current green candle looking normal on volume, somewhat long top wick, and balanced "indecisive" --...
The recent all time high in bitcoin saw 0.97 ratio to gold, almost 1:1 parity, which no doubt will happen on the next drive in BTC price.
The BTCUSD/XAUUSD pair is emerging in bitcoins favor from the daily ichimoku cloud .