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Bitcoin-gold

BTCUSD / GOLD ratio... a different perspectiveOf late, I came across a lot of coverage on the BTCUSD ratio with Gold, and there are apparently much expectations that BTCUSD is going to explode, as previously. So... I thought I ought to take a look at it myself and see what it can figure out. The chart shows it... initially, it looked very much like the BTC/Gold is about to break out and give BTC a huge rally like before. But somethings didn’t look quite the same, so outcome may differ. First up, the trend lines drawn appear that there is likely to be a breakout. I have little doubts about that. But the first thing sus about this is the MACD... it has a different profile from 2017 and 2019. This brings me to the second point. Here we see the orange line, superimposed Gold price. In 2017, Gold prices were steady while BTC rocketed. In 2019, MACD was supportive even as Gold prices was rising, but BTC rose relatively more. In 2020, however, the imminent breakout appears to be due to a slight increase in BTC, but a major drop in Gold prices... which by the way, brings the denominator down, hence, ratio increases! Good to know, good to watch, good to be ready nonetheless... Bullish on BTCUSD in the very long term, but need to be very patient, and decisively act when necessary. But for now, it’s sus...
COINBASE:BTCUSD
by Auguraltrader
1
XAUUSD Gold | SWING - 21 Sep. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It may continue to the downside, reaching the buying area that we referred to in the analysis, then it will rise slightly. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice. BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
OANDA:XAUUSDLong
by Saeed966
18
BTC uptrend and All time highs by 2023Bitcoin follows the S&P closely since its inception. The 2009 economic policy of brrrr is running out of steam. Eventually people will scale out of overpriced stocks and into more traditionally safe assets. Gold for boomers and Bitcoin for millennials will amass the most wealth. The tumble in the S&P will be inevitable especially closing to and right after the elections - after Trump gets elected and another S&P correction is introduced as an excuse. Everything besides Bonds will suffer but commodities and gold will take the least hit. Bitcoin and Gold will gain massive momentum after this with initial speculators and funds selling to cover their stonk position losses. Then after they realize that we are headed into Abenomics 2.0 and a long stagnation period, people will start slowly abandoning the inflated dollar and get into Bitcoin and Gold.
BLong
by KenTaron
1
$TSLA Dare I say it Tesla the comeback king, Dare I say that this stock has the potential to run further down towards the 340 range. Im not sure as this thing has been a runner, much like a lot of tech. If this does run towards overselling than this is the analysis I have come up with. I wouldnt be rushing to buy it tho but no matter what it is still good buy long term. Whats your thoughts? Buying on that dip was still a good buy but should you have sold on close, After hours may have just been to keep the rsi settled.
NASDAQ:TSLA
by Kiazer_Soza
Digital Gold vs Old GoldThis triangle pattern has been going on since mid 2017 and is about to come to an end! These pattern will generally breakout after 3 cycles of touching the highs/lows. My bias is bullish on Bitcoin as a lot of the DeFi hype will continue to lock in more BTC and more ETH out of the circulating supply. Bears will likely get exhausted soon and the following rally will be massive. With all the uncertainty looming over the market at the moment and the continued stimulus by the FED, investors will continue to seek high yield assets to protect themselves against fiat devaluation and negative interests policies. Looking for a weekly close above ~5.50 for a reversal and a clean breakout. Eyes open folks!
BITSTAMP:BTCUSD
by crystoba
BITCOIN GOLD CORRELATIONAs much as we love to stare at charts and over analyze chart trends and lines, Bitcoin has often proved to be an exception. My personal opinion is regular chart analytics don't necessarily work when it comes to BTC. My short term prediction is a breakout . A great selling opportunity ahead in the next few days for short term and swing traders. Hopefully you didn't miss the recent buying opportunity. I say this due to BTC's strange correlation with gold . And guess who has just changed their story - the Warren Buffet team (world's 15th most powerful man). Previously called gold an unstable asset and compared BTC to rat poison; he now invested heftily in gold ($563.6 mil) and plans to invest in BTC. This is great for BTC confidence, publicity, but also great for the gold market. People often follow the big names. Therefore, lookout for the BTC GOLD correlation and right now, HODL until we see the breakout !
GShort
by BlockTechEv
NZDCHF (August 16)This is NCHF on the 4 hour. We could be seeing a reversal on this pair. Using parallel lines (which this pair tends to respond well to) we can make a case for NCHF being in a key value area. Before jumping in, we will need to wait for the market to give us clear confirmation. I would be looking to get involved at a clear rejection from the 4 hour, or if we see a rejection and then a continuation pattern, which would be a better confirmation for a move back up.
Short
by leanosamwinga