Gold is ponderous.
It takes its time, keeps a low profile, plays with its cards close to its chest and basically does what it wants.
What can be said with certainty, though, is that the long-term trend is upwards, but the channel is so wide
that there is enough room for surprises and disappointments of all kinds. It is not a game for the impatient.
Will it touch...
What is really happening with Bitcoin right now, where is the capital flowing in the markets?
Most of the money is flowing into the stock markets and other forms of investment, including crypto.
The chart shows how Bitcoin has performed so far compared to equities. Will Bitcoin pull off the Houdini trick again?
Time will tell. I think we are at a crossroads.
This is a long-term view since 1921 for myself to check later and for all my followers who are interested.
You see periods where it was more beneficial to hold Gold and you see periods where it was more beneficial to hold Equities.
The question is, are we on the verge of a breakout to the upside, so that the tide will soon turn in favour of Gold, and how long will...
When can you be profitable with Bitcoin again?
I'll tell you what, without many words, just look at the chart.
It gives simple signals when to act. 2-3 trades per year, that's all you need. Calm sleep, nice life.
When will the next time come when you should buy Bitcoin again? The answer is up there on the chart.
This simple but mega-powerful idea was presented...
Imagine you set out to write a script that analyses the fall of raindrops to predict the impact location of the next drop. Will it hit to the left or right of the set line? A difficult but solvable task, it seems, isn't it? Or you write a script that tries to predict next Saturday's draw results as accurately as possible using historical data from lottery draws...
Did we get a signal on May 18, 2021? We will see it with certainty a little later, if the blue moving average line should change sides and cross the yellow circle, but for now it almost looks like it.
History of signals (yellow circles) generated so far:
26-Aug-2011 sell Bitcoin, buy Gold
19-Feb-2012 sell Gold, buy Bitcoin
16-Mar-2014 sell Bitcoin, buy...
... on Ukraine you should consider whether he is still in his right mind.
I used to love Russians because I had many Russian friends myself. I can't talk to them anymore. It's over. I feel only hatred, no forgiveness, nobody can tell me they can't help it and the "normal" people are not to blame, it's just an evil Putin. It was the "normal" Russians who have...
Got some change? Do you have a Bitcoin? Be ready to gain $4.500 in just 2 hours, or else, just some 12 hours later, to lose $6.100 in just 4 hours.
It's getting absolutely insane. Compared to that, casino in Las Vegas is nothing.
One more move down... and one more very last move down... and one more...
But then, at some point, there's just BOOM!!... and the upward slingshot movement starts!
Or am I looking at this the wrong way?
(Note: we are looking at the Weekly chart)
... 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...
if you throw the uncertainty of today's world into the balance, such as the election results and the development of the corona death toll, you can expect some hectic and unsmooth reactions of the market.
Germany DAX 30 - if things unfold slowly...
I could imagine that it would develop like this.
The temporal extension of the pattern is uncertain.
Market time is relative. It can happen faster or slower.
Just an idea to share and to check later.
No investment advice. Use your own judgment to trade.
Stay safe, everyone.