The similarity between BTC and Gold will shock you
Updated
Welcome all
I checked the GOLD chart after hitting new ATH recently and I found big similarities with BTC
both assets formed :
1- Accumulation phase
2- Stoploss hunt phase
3- And finally, GOLD made the uptrend phase and printed new ATH
historically BTC has followed GOLD several times before (why not? it's the digital GOLD)
if we followed the pattern of GOLD then BTC now should be on its way for achieving new ATH!
DO U AGREE?
If you enjoyed our style in trading and analysis, support our ideas by likes and comments
I checked the GOLD chart after hitting new ATH recently and I found big similarities with BTC
both assets formed :
1- Accumulation phase
2- Stoploss hunt phase
3- And finally, GOLD made the uptrend phase and printed new ATH
historically BTC has followed GOLD several times before (why not? it's the digital GOLD)
if we followed the pattern of GOLD then BTC now should be on its way for achieving new ATH!
DO U AGREE?
If you enjoyed our style in trading and analysis, support our ideas by likes and comments
Note
We see that BTC is copying the GOLD chart... and this is one of the best comparisons between BTC and another asset at the momentTrade active
Note
66666$ is an Important resistance for BTC bulls to overcome This level was working as midline resistance of the current range
Note
BTC just broke middle range resistance Now all eye on high range resistance
I think we can see one more small rejection at high range and after that the next try will result into a massive breakout!
Note
Update : ⬇️
Note
Btc is still copying GOLD chart ..can we see a breakout soon ?
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