Bitcoin vs. Gold - which will perform better?
Updated
Many 'analysts' say, Gold has just printed a second weekly shooting star candle in a row, you've got to short it!
But how does it really look like in the long run compared to Bitcoin?
The chart above shows you how many Bitcoins could be bought for one ounce of Gold over time. What do you see?
To me it looks like we might be just past the bottom of a channel going up, don't you agree?
If this assumption were correct, that would mean selling crypto, buying Gold, but this is just such a crazy idea and I can always be mistaken like any of us. So think about it for yourself and do what is best for you according to your own judgement. Take care & have a great day.
But how does it really look like in the long run compared to Bitcoin?
The chart above shows you how many Bitcoins could be bought for one ounce of Gold over time. What do you see?
To me it looks like we might be just past the bottom of a channel going up, don't you agree?
If this assumption were correct, that would mean selling crypto, buying Gold, but this is just such a crazy idea and I can always be mistaken like any of us. So think about it for yourself and do what is best for you according to your own judgement. Take care & have a great day.
Note
At the bottom of the channel again. Will it break through the 0.10 bottom?ADX is 33
RSI is 33
What the hell is going on? I wonder which way Gold/Bitcoin will choose.
According to the classic logic it would return sometime towards MA100 and in view of the low RSI, it would do it soon.
But what does classical logic mean when it comes to crypto? ;-)
Note
Gold price has been transforming in a way that is highly interesting.What is the next target? $1,640 then on to $2,000?
Note
Stocks slide due to geopolitical recession fears, Gold price is surging, Bitcoin is not (yet?) participating... Stick around, I feel like it's gonna be a roller-coaster rideNote
At the moment there is probably no question who performs better... But what can you expect in the coming weeks and months? I've outlined a possible development below -- just my current view and assessment. Of course this may turn out to be completely wrong... Take care!Note
That's highly interesting. Watch it closely and pay attentionNote
Gold at crossroads - up or down?Note
That's what it looks like at the moment. In plain language it means -- I don't know about you but I would exchange all my cryptos for gold if I had any.Note
Well, look where we've gotten to by now.Will it break the magic 0.18 barrier again this time?
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