XAUBTC trade ideas
GOLD vs BITCOIN - This time GOLD is king!As we can see in this chart on this time frame ,things are getting better for gold
both in US dollars and Bitcoin sats.
As this chart goes on into the future we may see huge pullbacks at "neckline" resistance levels
In the following years to come, this chart could become essential as important macro financial as well as political events ,are unraveling
Commodities bull market could start as expected ,with the equity market signaling a cycle top
Regarding the AltCoins market Stay Diamond Hands with me - this could be the final shakedown
GOLDBTC or XAUBTC fall time? what does this mean for $Bitcoin?Gold is trying to break zone massive zone towards the downside against btc, this does not mean gold will fall btc will go up. This means that BTC will perform better against gold in the long run, breaking this zone lower and retesting it will confirm that.
So which one do you love the most? Gold or BTC?
Not a financial advice, do your own research.
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XAU/BTC - Gold and Bitcoin outlook for next 6 months ?GOLD & BITCOIN OUTLOOK
for the ppl saying that TVC:GOLD is outperforming CRYPTOCAP:BTC
Well... not really as you can see at a relatively big timeframe on this XAU/BTC chart
what is happening now ? well XAU had a rebound mid March, making a +66% pullback, it seems a lot but as you can see during august 2020 it felt 85% !
1. made it to the previous resistance quite hardly, first sign about the bearish approach that could arrive
2. we are now around , in fact around a very hot zone, 0.4 , if we go above, more chance to see bullish moves in this chart, meaning that Gold could go more up and/or Btc could go more down, its a weekly timeframe so, im talking about a 6 months move
BUT, I think XAU/BTC will not be able to pass that resistance and will in fact go big red candles till spring
3. if you look at what happened 4 years ago just copy paste it now, you should have a view of the next 5-6 months for both assets
Not saying that gold is gonna plummet and XAU/BTC will go -85% this time but it should bring it a bit down, as in august 2020 it was also going parabolic and went -20% in 6 months
so yes im expecting gold to go -20% during the 6 next months and of course BTC to go UPPPPPP
so if they're one thing to retain here, its that Gold seems now inversely linked to the 4 years BTC cycle ! And this is quite interesting because it means that BTC has a lot more power and influence than people think
Cheers & thx for reading
Bitcoin Priced in Gold, Seeks Full Coins and BarThe whole number effect is evident here, see orange circles.
With a commodity in price discovery mode every four years, every four years traders sell bitcoin gains for whole portions of gold.
I would say if someone hodled 1 bitcoin through a three year crypto winter, then suddenly it was worth 1kg of pure gold, they might be tempted to do the same.
This informs my extrapolations, will be interesting to watch this play out.
I've included in blue another interesting pattern, where the price on the day of the halving makes the same Fibonacci increase every halving. Obviously not many data points, but something to keep watching as we clearly head toward this very same number again this year.
And to complete the Fibonacci analysis, the clear 0.618 fib level drawdowns are indicated in green, which did not align with the current cycle, may pick back up again.
Is GOLD/BTC breaking outAre we going to see lower lows in BTC?
This Gold vs BTC chart show us that is breaking out and the only way for Gold to top BTC is for BTC to keep going lower, we have a beautiful break of the pattern so because of this and different reasons I predict that BTC may keep dropping to $58K, GETTEX:54K and maybe GETTEX:48K
GOLD to zero vs BITCOIN
What an awesome chart (For Bitcoin maxi's that is) here this shows Gold in relation to Bitcoin....
Here we can see the halvening (blue vertical lines) and the decline in gold value respective to Bitcoin, we can see an 80%+ decline each cycle.
The next halvening date is April 2024, (Red vertical line)
After the move has moved to a new low, we can see that a retracment has come in to the upside each cycle into and around the golden pocket (61.8% - 80%) .
This area has already been tagged...
another pattern is the influx of Volume regarding the start of 2023, dwarfing any other previous volume...
I shall continue to update this thread moving forwards.
GOLD/BTC chartIMPORTANT TO READ
Keep an eye on the GOLD/BTC chart, which reveals the real value of these two valuable assets. You can spot the double bottom on the chart in 2021 and 2022, corresponding to the double top for BTC in those same years. This marked the beginning of a massive correction down to the 16k region. Now, we are close in reaching that region once again.
Despite Gold's parabolic rise since December 2022, it is in a big downtrend vs BTC. Watch the 0.027 BTC per ounce of Gold level, the same level that market BTC top in 2021 and 2022. The ounce level is equivalent to a BTC price of $86,444.44. This could be the worst-case top scenario (which I doubt), but it is more likely to be the region where the BTC correction will start and the region I will realize some gains.
The mentioned region is in my opinion the region in which the next BTC correction will start before continue going up to 100k region and above. This is a very long term thinking and there will be updates on this.
@DoctorProfit_CryptoIMPORTANT TO READ
Keep an eye on the GOLD/BTC chart, which reveals the real value of these two valuable assets. You can spot the double bottom on the chart in 2021 and 2022, corresponding to the double top for BTC in those same years. This marked the beginning of a massive correction down to the 16k region. Now, we are close in reaching that region once again.
Despite Gold's parabolic rise since December 2022, it is in a big downtrend vs BTC. Watch the 0.027 BTC per ounce of Gold level, the same level that market BTC top in 2021 and 2022. The ounce level is equivalent to a BTC price of $86,444.44. This could be the worst-case top scenario (which I doubt), but it is more likely to be the region where the BTC correction will start and the region I will realize some gains.
The mentioned region is in my opinion the region in which the next BTC correction will start before continue going up to 100k region and above. This is a very long term thinking and there will be updates on this.
90% of margin traders lose all their account in 90 days' due to 90% of margin traders lose all their account in 90 days' due to high leverage 1:200, 1:500, 1:1000, 1:2000 # stick to spot investing# if $1000 account - $500 in spot gold $500 in spot crypto# spot means 1;1 Leverage you own the shares and coins '# remember 90 days is 6th August account gone to zero # Think like a pensioner and just invest in spot or dealing account
1:1
join me longing gold against bitcoin next 13 monthsGold is expected to gain in dominance against bitcoin in the XAUBTC ratio which shows next 13 to 16 months of gold , silver dominance against bitcoin.
XAUBTC: who cares for this pair?Gold Price to Bitcoin Price is gaining more and more strength.
Who cares, or compares these two to eachother?
If you are one those who cares, then you are a true investor.
Bitcoin has started its Asymptotic behaviour some four years ago and while bitcoin price compared to its own RSI in 6 months timeframe is implicating less strength and a prolonged overbought behaviour since 2017 onwards, everyone is not paying attention to such indicators.
Well! Some say that technical analysis is not enough. I prefer vice versa.
Gold is gaining strength.
This time I would say following 15 years of ever growing price and 3 times touching current levels, gold is finding ground to recieving more capital this time.
Gold or Bitcoin - Which is the better hedge for 2024?Short answer: Bitcoin
By the year end Bitcoin shall enjoy stronger gains. That is despite the 2-week Gravestone DOJI candle now currently printing on Bitcoin, which makes you wonder… what heinous price action awaits gold bugs?
On the above 3-day chart a ratio of Gold/Bitcoin is shown. If this ratio is downtrending (it is), Bitcoin will be worth more than Gold with each passing week and vice versa.
A Death Cross has now printed on the above 3-day chart after broken market structure. Expect the ratio to climb to confirm past support as resistance.
The 3-day death cross is significant. Look left. The last 3-day death cross printed on March 2016 (below). Gold lost 99% of its value against Bitcoin from that time. Now I’m not saying that is going to repeat, however the point would be that a 3-day death cross is not something you ignore.
Ww
3-day Death cross March 2016
Last year (2023) and the years before the same question:
Which is the better hold for preserving ones wealth?
In 2023, it was Bitcoin.
2023 idea
In 2022, it was Gold. Idea below. Bitcoin correction throughout 2022 made Gold the only option during the bear market.
2022 Idea
GOLD vs BITCOINThis is an interesting chart to watch over the next 2-3 years
Peter Schiff vs Michael Saylor / Chart, We may say ...
Gold is facing resistance but is in a bullish zone
If we look at this chart, we can see they are very corelated in a fibonacci way
Global holdings of digital gold AKA BitcoinThey said it was only used for money laundering... How did they know that?
They now say it is like nothing else. What does this chart say to you? What will this chart say to you after the global financial systems
Germany is talking about using Bitcoin as legal tender NOW. Imagine if 1/3 of their population picked up 0.1 Bitcoin... That would be 2.7 million BTC...
My American government is not stepping forward yet(BUT they hold many, most people don't know this). Will they launder theirs through Coinbase???
Almost 20% of the blood dollar spent with lobbyists last year was on the topic of cryptocurrencies.
El Salvador is picking one up every day and they are bringing prosperity to their economy.
Multiple smart people think that we have multiple nations mining bitcoin while trying to hide it while others are turning their equipment on and using effin volcanos.
Don't forget to take the orange pill. Love you Max and Stacy! The show on RT kept me thinking of more in my 20's. You've changed my life and mind in!
Companies, countries & their populations of Bitcoin holdings. You know they are DCA buyers and will scoop up any flash sales. The price is being suppressed.
worldpopulationreview.com
buybitcoinworldwide.com
www.chainalysis.com
www.forbes.com