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...
Dear Everyone, I would try to make a simple Wyckoff analysis of ETH/BTC using daily candles. The Wyckoff analysis I would try to support using RSI-14 indicator as the one shows oversold and overbought areas. The RSI-14 showed little oversold area first time in the range of couple of weeks. That would may suggest that we went in accumulation phase. So, there...
Hello, What do you think about it? Best, Paweł
Hello, Wyckoff analysis, supported by RSI-14 on 4h-chart... Have a nice evening! Paweł
Dear Everyone, I tried to do some Wyckoff analysis, supporting RSI-14 indicator. As RSI shows overbought and oversold areas, that could be much helpfull in recognizing the accumulation and distribution phases. And... indeed that seems to be is helpfull. Best regards, Paweł
Dears, We are waiting of confirmation of break-up BTC/XAU... We have the final target... Would we now bounce-up or would we break down this level? Let's wait an see what will happen... Regards, Paweł
Hello, I am wondering if the XAU / BTC needs to be confirmed? If yes... the level is 5.35 oz/coin.... Regards, Paweł
Dears, Do you really think the dump is over? ;-) It does not seems like this... Regards, Paweł
Dears, Do you really think it's over? Bitcoin is rather stable to Gold... However, Ethereum... is as much volatile as almost... U.S. Dollar shitcoin... Regards, Paweł
Hello one more time, Is it a falling wedge? Maybe... ;-) Regards, Paweł
Hello, I have mixed preapprehension... There is too much signs for breaking down... Too much... There is ATH for short positions at CME... And today... Fed will say something on inflation and... percentage rates... I would not be surprised if there will be a quick short squeeze... :-) Regards, Paweł
Dears, Bad signs to Bitcoiners... Unfortunatelly, we did not hold the 6 oz level per one coin. If there would be a bounce from the support or... break down to the 5.5 oz area? Regards, Paweł
Hello Dears, We have found a resistance for Bitcoin (support for Gold). This line in e few days will cross the the level of 6 oz of Gold per Bitcoin - c.a. August 26. There is a question if we break that line or... we will not hold the 6 oz of Gold price per BTC. The future is near, Regards, Paweł
Hi, Bounce, bounce, bounce, bounce! ;-) Regards, Paweł
Dear Everyone, Look at the XAU/BTC chart with inverted scale... It seems that the prize of 6 oz of Gold per one Bitcoin survived the Bitcoin dump (c.a. 0.16667 of BTC per 1 oz of Gold). And the BTC prize volatility (in relation to USD) was connected strongly to the U.S. Dollar volatility (in relation to Gold). Because... in relation of Bitcoin to Gold... almost...
Hello Everyone, When I published last time ETH/BTC pair, we was under the 0.035 resistance. Today, resistance was tested as a support. I believe that is almost a perfect bounce at that level... Regards, Paweł
Hi, What do you think? Will there be the next pump? Well... If BTC will stay above 6 oz of Gold, this is possible. Below relation Bitcoin to Gold, Regards, Paweł
Hi, Bitcoin is steady above 6 oz of Gold per coin (XAU/BTC below 0.166667) Regards, Paweł