I have used the Gold-to-BTC ratio many times in my publications, one of the most informative of those seen below:
I looked into it again as lately I am seeing an interesting price action between the two. While Gold struggles to regain its bullish...
By dividing bitcoin's price by the price of gold, the historical price trend goes from linear to exponential, which is a linear channel on the logarithmic scale.
This operation removes the noise caused by the value of the dollar.
Dears,
Bitcoin to Gold is currently at the support. And there is a potential chance to bounce.
Why? Because:
1. Sell signal at RSI 14 was March 14. (7 days ago)
2. Primary sell signal at MACD was also March 14. (7 days ago)
3. Secondary sell signal ("bearish cross", confirmation) was already March 18. (3 days ago)
And... Until today nothing happened. Today is...
The conventional pricing of BTC against fiat is meaningless. Value against gold is what is more important.
BTC price has hit a serious resistance against gold and some of the BTC profits will flow into gold
Also, monthly and weekly cycles coming to an end
Hello,
I do not treat the U.S. Dollar shitcoin as a money. That is why I like to look sometimes for the prices in relation to pure Gold. Bitcoin, for instance, still do not has its ATH in relation to Gold. The ATH is at the level 15.58 oz of Gold per one Bitcoin.
Bitcoin is on the good way to ATH in relation to Gold, however it still needs to increase its...
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
My friends,
In this crazy world we live in, most of us are looking at ways to protect our hard work savings in FIAT. Some people say "buy gold" others say "buy Bitcoin".
Looking at this chart we can see that Bitcoin turned into a bull Oct 20 2020. You will see since that time Bitcoin is up over 34% to Gold. So holding Bitcoin has been better than holding...
Dear Everyone,
As U.S. Dollar shitcoin I do not respect as true money (as other FIAT shitcoins), I tried to make a chart of BTC/XAU. And we have little surprise... ;-) The top from 2019 was nearly 9.74 oz/coin...
I seems that we are still BELOW the BTC values from 2019 tops... ;-) BTW, we reached RSI-14 on WEEKLY cadles above 70... Please keep that in mind, as...
