Comparing the longest available Bitcoin chart (Bitstamp) on Tradingview with IDC gold price.
We went from 0oz-0.1oz. From 0.1oz-1oz From 1oz-10oz. Now we are on our way to 100oz/btc.
Will we be able to reach this ratio? What do you think? 1000oz/btc next? 🚀
Just some random thoughts, i actually think they have so much dominance in the overall market it's very hard for them to go down but..
Just seeing this chart could make it very easy..
Support turn resistance -> Support turn resistance
Also: More like a question in case anyone reads this:
Why is volume continuously falling?
I have been looking at this chart for ages now and also actually took a position like 2 years ago, bought a little more when i had the chance to buy lower and now here i sit and wait.
Very interesting chart, i think it's almost too good to be true, looks perfect to me.
Would love to hear more opinions on it!
Even though being very sympathetic to the general idea of the worlds markets crash coming soon, i think one should not underestimate how; if we continue to have enormous increase in the supply of money and keep having rising prices; there is literally no reason for stocks to start falling. Just like gold, baseball cards, old computer games and records. Prices will...
Although having been bearish on TLRY most of the time, i today, stumpled upon this chart again and saw the falling wedge without even drawing anything.
Eventually we'll get a move down that closes within the lower blue line or something but generally this is very positive for the shorter term.
looking at 95-105$ range.
ps: yes, im charting this like a shitcoin
my idea here is that as bitcoin might have a last run up AMD will also experience a smaller % bounce back and as bitcoin might start to consolidate for a while with still a lot of relative short term outlook over the next year amd might jump on the bandwagon; or also for other reason might be a huge winner in 2018.
just some thoughts though, let me know what you think