Short answer: Bitcoin
By the year end Bitcoin shall enjoy stronger gains. That is despite the 2-week Gravestone DOJI candle now currently printing on Bitcoin, which makes you wonder… what heinous price action awaits gold bugs?
On the above 3-day chart a ratio of Gold/Bitcoin is shown. If this ratio is downtrending (it is), Bitcoin will be worth more than Gold with each passing week and vice versa.
A Death Cross has now printed on the above 3-day chart after broken market structure. Expect the ratio to climb to confirm past support as resistance.
The 3-day death cross is significant. Look left. The last 3-day death cross printed on March 2016 (below). Gold lost 99% of its value against Bitcoin from that time. Now I’m not saying that is going to repeat, however the point would be that a 3-day death cross is not something you ignore.
Ww
3-day Death cross March 2016
Last year (2023) and the years before the same question:
Which is the better hold for preserving ones wealth?
In 2023, it was Bitcoin.
2023 idea
In 2022, it was Gold. Idea below. Bitcoin correction throughout 2022 made Gold the only option during the bear market.
2022 Idea
By the year end Bitcoin shall enjoy stronger gains. That is despite the 2-week Gravestone DOJI candle now currently printing on Bitcoin, which makes you wonder… what heinous price action awaits gold bugs?
On the above 3-day chart a ratio of Gold/Bitcoin is shown. If this ratio is downtrending (it is), Bitcoin will be worth more than Gold with each passing week and vice versa.
A Death Cross has now printed on the above 3-day chart after broken market structure. Expect the ratio to climb to confirm past support as resistance.
The 3-day death cross is significant. Look left. The last 3-day death cross printed on March 2016 (below). Gold lost 99% of its value against Bitcoin from that time. Now I’m not saying that is going to repeat, however the point would be that a 3-day death cross is not something you ignore.
Ww
3-day Death cross March 2016
Last year (2023) and the years before the same question:
Which is the better hold for preserving ones wealth?
In 2023, it was Bitcoin.
2023 idea
In 2022, it was Gold. Idea below. Bitcoin correction throughout 2022 made Gold the only option during the bear market.
2022 Idea
Note
While Gold has performed well this year so far it falls short of the gains made by Bitcoin. Since January 1st:Gold 25%
Bitcoin 53%
Trade closed manually
Despite the rally Gold price action is now seeing, the forecast in 2024 was correct, Bitcoin outperformed Gold price action with a 150% return versus 30% for Gold.If we're to take the latest rally in Gold price action, Bitcoin still more than doubles your return.
Shall we do a 2025 ?? Hit like to let me know!
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.