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
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Displays a symbol's price movements over previous years to identify recurring trends.