I am trying to answer questions of #bitcoins v/s #Gold debate from an #investor perspective. What if #Gold was currency used to buy #Bitcoin ? What will be the impact of a #Fifty50 #portfolio of #BTCXAU?
Feel free to #retwit #Like #share & #follow
#TradingView to the rescue. The #chartidea shows #BTCUSD represented in #XAUUSD terms. Allow me to "coin" the word...
We all know that inflation is here. So let's take that out of the equation.
Here is a comparison of Gold to Bitcoin based on the Bull and Bear runs on BTC.
Back in 2018 Bull Market you could buy ~8oz of Gold for 1 Bitcoin
In 2019 Bear Market you could only buy ~3oz of Gold for 1 Bitcoin
In 2021 Bull Market you could buy ~32oz of Gold for 1 Bitcoin
Short answer: Gold
In this study an attempt is made to understand if precious metals offer increased protection to your purchasing power over Bitcoin. Predicting what is going to happen tomorrow or next week if that’s what you’re after, look elsewhere. The study is an attempt to understand which is the better asset to hold for the months ahead to protect ones...
It might be a little bit risky yet I am LONG in BTC and short in XAU following this chart.
I expect the SuperTrend indicator turns green soon and a short-term trend will follow. A dovish FOMC meeting most probably will be the trigger.
Gold price changes compared to Bitcoin over 10 years
Over the past 10 years, gold has only declined relative to bitcoin
Over the past ten years, over 500 times, many, even the capital market giants, have talked about the destruction of bitcoin and its scam.
Trying to make sense of Bitcoin's move, we should probably look at Bitcoin to Gold chart. Why? I think US Dollar has lost it's credibility as unit of account due to massive amount of newly printed dollars. Bitcoin to Gold shows an ascending triangle taking shape at the moment. Now the question is how we can predict when we will see the Bitcoin's top for this bull...
This signal uses the 4 week rate of change on BTCUSD/XAUUSD (bitcoin vs gold) ratio to assist in creating a highly accurate, simple and consistent Bitcoin trading strategy. The idea stems from Bitcoin being a risk on asset and gold being a risk off asset, thus explaining why the two assests are uncorrelated. This is inspired by Michael Gayed's (@leadlagreport)...
Last time I looked into this very informative ratio was in late October 2020, right before Bitcoin started its new Parabolic Rise:
The Triangle broke to the downside and that heavily favored BTC against Gold in a diverging trade trade that few saw.
Since April though, we saw BTC giving away power to Gold with the ratio starting to rise again as BTC hit the...
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.
Bitcoin to Gold is currently at the support. And there is a potential chance to bounce.
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...