Is btc about to make h&s pattern and enter March with a 50% fall? Or the structure will get invalidated bringing us the new cycle early! Come back here and click load to find out! :) ...you can correlate this chart with your btc chart and try to see the inverted pattern...
While crypto is rising, gold must retraced to a lower level so we are short on XAUBTC also a bearish cross on the 4 hour chart as confirmation. This is not financial advice, please always do your own research before entering any trade.
It seems that #Bitcoin needs to proof its a store of value vs speculation for the first time since its birth.....and it doesnt look good..
XAUBTC is going up to the next support level, since gold is doing very well and bitcoin just lost support....
Looks like the gold keeper's wil get a better price for a bitcoin soon. 2 for 1 inbound?
** Bearish divergence and rising wedge pattern should see BTC outperform GOLD** Thought the tweet wars will wage on between the two rigid dinosaurs. And though I sympathise with both sides. Lets look at the weakening chart here objectively. I've been looking for the BTC41k bottom for a while, and despite some scares we found it... Now after a good run, BTC is...
Hi everyone... i see pepole swwiching to gold and BTC to protect their assets...
The scale of the chart is reversed. Given the price behavior and past years, gold will be more superior to bitcoin . This chart is only for comparing the ratio of these two assets.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
The End. weakness give you this idea : end of btc uptrend will change to sideway and then downtrend.
Btc vs xau could drop with the orange line to consolidate on the giant triangle around 0.168 fib before breaking out.
Just had a look at XAUBTC, and could only fit 5 years in a chart, and Gold lost nearly 99% against the BTC astronomical rise, if you go 10 years, the lag is nearly 100%. Now my guess for the real inflation is about 15% per year for the past years, from now more than 20%p.a. Gold did gain nearly 60% in the last 5 years, so you could say it does keep purchasing...
BTC wil decrease with 8000 % (5.90 dollar per bitcoin) and gold will increase with 200% (3600 dollar per ounce) coming years probably. Watch reality catch up with emotions as the bubble will pop and we will need to return too some decency. I believe this will get ugly and Fiat will get dragged down with it, along with surplus leverage and overvalued stocks such...
Now 1 BTC is worth more than 1 kg gold. All time high for 1 BTC was 1153 gm.
Re framing is complete, original acceleration has reclaimed stability, grind up possible but break up seems most likely.
This graph tells me to sell BTC and buy GOLD. Time will tell. Not an investment advice..
I've done this analysis about 5 months ago! and now I see the first stage of it has came true! ,I mean the retracement part still :) I think Bitcoin will pass Gold's market cap and it will be soon. Note that this target is just approx. and may not be reached exactly! But it may goes around ~ 250k $ to 500k $ After hitting this ATH, I think the previous two...