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Goldbtcratio

GOLD/BTC ratio Time to sell Gold and buy Bitcoin again?This is one of the most accurate ratios in the book for the the two assets. Practically last time we updated this on October 30 2020, it helped us catch the exact time that Bitcoin started its parabolic rise (when it was close to testing the 2017 ATH) and began to outperform Gold heavily once again: Right now the price of GOLD-to-BTC ratio is yet again very close to its Lower Highs trend-line that started on the January 2015 High. At the same time the 1W RSI of the ratio is being rejected near its own Higher Highs trend-line that started on that date as well. What's very interesting is when we add the DXY (green trend-line) to the mix. You can clearly see that the ratio's big sell-offs took place when the DXY (U.S. Dollar Index) topped and started to fall sharply as well. It is obvious that a cheaper USD favors the riskier nature of Bitcoin against Gold. What do you think is going to happen next? Is this an early signal that we should start converting Gold to Bitcoin again? -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
5
GOLD to BITCOIN ratio. Has it bottomed or one last drop?Last time I looked into this very informative ratio was in late October 2020, right before Bitcoin started its new Parabolic Rise: The Triangle broke to the downside and that heavily favored BTC against Gold in a diverging trade trade that few saw. Since April though, we saw BTC giving away power to Gold with the ratio starting to rise again as BTC hit the April highs while Gold started to recover from the March bottom into a new rally. This is when I posted my article on how investors where shifting away from BTC and back into Gold. At the moment though the pattern shows a strong dilemma. Will it continue upwards and break the 1W MA50 starting a new consolidation Cycle in the form of a Triangle, or will it resume the bearish trend of late 2020/ 2021? The latter has some strong indicators in support, namely the LMACD which is rolling over and may make a Bearish Cross. This indicates that we are in a October 2013 like temporaray top and one last drop is ahead of us. Also the usual cyclical convergence (squeeze) of the 1W MA50 and 1W MA200 (orange trend-line) took place earlier this time than in previous Cycles. Also the Parabolic Channel on the XAUUSD/ BTCUSD pair that I initially made in 2019, still shows that one last low is possible at the bottom of the pattern: Are you expecting BTC to gain again against Gold or the opposite? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> RyodaBrainless --------------------------------------------------------------------------------------------------------
OANDA:XAUUSD
by TradingShot
5