Gold vs BTC, which one will make the next move?
XAUBTC is one of my favorite indicators to decide if bitcoin's big crash or big pump is over! The rivalry between GOLD and BTC is worth watching and being careful about.
It seems that bitcoin will suffer a little more depreciation against gold and will lose more value until it reaches the next resistance zone, I mean between 0.1 to 0.11. After the touch and a few days of range on the area, either the red or the green scenario is going to happen and it's too soon to talk about it. But in the case of the green scenario which leads BTC to gain value against gold, I'm expecting a sharp reject because there is no obstacle to reaching 0.06 on the chart and it means a nice pump for the bitcoin.
DO YOUR OWN ANALYSIS.
DO NOT FORGET MONEY MANAGEMENT.
It seems that bitcoin will suffer a little more depreciation against gold and will lose more value until it reaches the next resistance zone, I mean between 0.1 to 0.11. After the touch and a few days of range on the area, either the red or the green scenario is going to happen and it's too soon to talk about it. But in the case of the green scenario which leads BTC to gain value against gold, I'm expecting a sharp reject because there is no obstacle to reaching 0.06 on the chart and it means a nice pump for the bitcoin.
DO YOUR OWN ANALYSIS.
DO NOT FORGET MONEY MANAGEMENT.
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