Bitcoin and cryptos - time to bail? too late? safe haven?
This custom chart that I post periodically continues to have excellent TA.
Right now it's reflecting the volatility from recent crypto events, and less obviously but more importantly, that gold has bottomed.
The spike upwards is showing us where things are headed - bullish for precious metals compared to cryptos.
BTC *may* have found it's bottom (for now, though I see it headed lower still in 2023), regardless gold and especially silver will be bringing this ratio much much higher in the coming weeks, months, and years.
So if you really want to maximize your crypto gains (this is not financial advice), it might be prudent (and for some, counterintuitive) to pull out of crypto (no, it's not "too late") and dip in to something that CANNOT go to zero: precious metals.
But how you ask? There is a platform that does this reliably that I have done my own due diligence around (please do your own DD too), however trading view does not like me to tell you about it here. (Maybe check the comments ;)
Good luck out there everyone!
Right now it's reflecting the volatility from recent crypto events, and less obviously but more importantly, that gold has bottomed.
The spike upwards is showing us where things are headed - bullish for precious metals compared to cryptos.
BTC *may* have found it's bottom (for now, though I see it headed lower still in 2023), regardless gold and especially silver will be bringing this ratio much much higher in the coming weeks, months, and years.
So if you really want to maximize your crypto gains (this is not financial advice), it might be prudent (and for some, counterintuitive) to pull out of crypto (no, it's not "too late") and dip in to something that CANNOT go to zero: precious metals.
But how you ask? There is a platform that does this reliably that I have done my own due diligence around (please do your own DD too), however trading view does not like me to tell you about it here. (Maybe check the comments ;)
Good luck out there everyone!