Updated Close-Up BTC-Gold comparison. $9K incoming!
BTCUSDI know I have some big fans out there of my Gold and BTC trend comparison idea. There's a reason why... it's working!
I've reduced the BTC chart to the hourly vs Gold on the daily and narrowed the charts to a smaller time frame for a closer look, where even smaller candlestick patterns are playing out freakishly similar. If you take a look at my last comparison idea and press the play button, you'll see BTC following the blue trend I laid out on a larger time frame.
I am trying to see where the stars align with this stunning similarity as it pertains to the current BTC chart. What makes the most sense when you look at where BTC is and how it's been following this Gold pattern step for step, is that BTC is about to pump to the log resistance. It's been moving sideways for the past 5 days, as I said it would, and I don't think the bulls are out of steam yet. This setup is too perfect.
In the first surge 6 days ago for BTC (second blue box from the right), BTC had a monster move of 12.25% compared to Gold's 11.81%
In the first dip following that move, BTC took a dump of 6% from its recent high of 8430 to 7874. Gold, by comparison, dumped 5.4%
When you look at the next move in the Gold chart, you see a surge of around 13.8%. If BTC is to follow, which I believe it will, we should see around a 14.2% increase from here, which would put us around 9K
There's a huge resistance at 9K and the bulls may run out of steam there. This would put us breaking thru the 4 month long log resistance, but with this 40% move up in 10 days, I expect it to be short-lived after some sideways movement like you see in the Gold chart after its 13.8% surge. 9K IS INCOMING. YOU HEAD IT HEAR FIRST! There's still quite a bit of bearish sentiment out there and the belief that $4-5K is incoming. I say no. I am not a bull, but I am the Dark Horse, and the Dark Horse performs against all odds.
I think we see this move by the weekend. I'm bullish on this comparison.
Give me a like and a follow if you are bullish on my ideas. Appreciate the support and following.
-Dark Horse
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