BTC/XAU.4h chart pattern..My analyzing or planning a SELL trade on BTC/XAU (Bitcoin vs. Gold) with the following details:
Entry Price: 31.50000
Target Points:
First target: 28.00000
Second target: 25.30000
Here's a structured breakdown of what this setup implies:
---
🔽 Trade Type: Short (Sell BTC/XAU)
You are expe
Approaching a crucial level of Demand!The BTC/XAU ratio is unusual but, imo, could add confluence to BTC’s PA. We often use majors like TOTAL, USDT.D, USDC.D, BTCUSD/USDT.D, BTC.D. ETH/BTC and BTC pairs to find confluence, so why not include this chart?
👉Why BTC/GOLD?
It highlights BTC’s relative performance against a traditional safe
Long BTC, Long MSTR, Neutral to XAUExpecting BTC to consolidate relative to Gold for a few more days and then breaking out and outperform Gold. The ratios make it a more attractive trade with more upside potenial. Im buying NASDAQ:MSTR because of it´s leveraged bet in Bitcoin. I believe Microstrategy will outperform BTC in this sce
Bitcoin to the moon?Bitcoin-Gold Ratio.
If you are going to trade with the big boys, there seems to be a good chance!
An inverse head and shoulders pattern!
What is this chart telling us? this chart is signaling a prolonged bull run (a protracted wave).
(what it might lead to) as a result: Gold could drop 80% ag
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.