Bounce off supportFXOPEN:XAUBTC made a perfect bounce off the support are where we have taken the LONG position riding it all the way to the top level. Target point is calculated on fibonacci levels.
Please be aware that we only share our own trading setups, please always do your own analysis before entering any trade of your own.
XAUBTCK trade ideas
Predicting BTCs next move by correlating it with GOLD GRAM Is btc about to make h&s pattern and enter March with a 50% fall?
Or the structure will get invalidated bringing us the new cycle early!
Come back here and click load to find out! :)
...you can correlate this chart with your btc chart and try to see the inverted pattern...
BTC Long - Gold ShortWhile crypto is rising, gold must retraced to a lower level so we are short on XAUBTC also a bearish cross on the 4 hour chart as confirmation.
This is not financial advice, please always do your own research before entering any trade.
Look at volume Bitcoin vs Gold since the birth of cryptoIt seems that #Bitcoin needs to proof its a store of value vs speculation for the first time since its birth.....and it doesnt look good..
"GOLD up BTC down"XAUBTC is going up to the next support level, since gold is doing very well and bitcoin just lost support....
Potential troubles for bitcoin? Looks like the gold keeper's wil get a better price for a bitcoin soon. 2 for 1 inbound?
Saylor to Refuse Schiff the Satisfaction** Bearish divergence and rising wedge pattern should see BTC outperform GOLD**
Thought the tweet wars will wage on between the two rigid dinosaurs. And though I sympathise with both sides. Lets look at the weakening chart here objectively.
I've been looking for the BTC41k bottom for a while, and despite some scares we found it...
Now after a good run, BTC is set to outperform gold again. It remains to be seen how/if we will confidently break the now inclining 200d MA but, I'm not too worried either way.
GOLD will perform well in the coming weeks, but not as well as BTC. I have allocation in my PF to gold and silver but much more weighting in crypto and crypto miners.
I expect a full exit of all positions by March.
How much bitcoin is better to pay for an ounce of gold?The scale of the chart is reversed.
Given the price behavior and past years, gold will be more superior to bitcoin . This chart is only for comparing the ratio of these two assets.
Can This Be The Case?This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
#BTC End SeasonThe End.
weakness give you this idea : end of btc uptrend will change to sideway and then downtrend.
Gold x BTC - Depressing.Just had a look at XAUBTC, and could only fit 5 years in a chart, and Gold lost nearly 99% against the BTC astronomical rise, if you go 10 years, the lag is nearly 100%.
Now my guess for the real inflation is about 15% per year for the past years, from now more than 20%p.a. Gold did gain nearly 60% in the last 5 years, so you could say it does keep purchasing power against inflation, nearly, but again, it can never be called an investment, a pailful insurance maybe.
Anyhow, it is possible that metals gain some value from here after a decade of total beating, will see, with the looming inflation it is not a bad idea to have some.
Gold has some catching up to doBTC wil decrease with 8000 % (5.90 dollar per bitcoin) and gold will increase with 200% (3600 dollar per ounce) coming years probably.
Watch reality catch up with emotions as the bubble will pop and we will need to return too some decency.
I believe this will get ugly and Fiat will get dragged down with it, along with surplus leverage and overvalued stocks such as Tesla and certain Fintech.
1 BTC is now worth more than 1 kg goldNow 1 BTC is worth more than 1 kg gold.
All time high for 1 BTC was 1153 gm.
Deacceleation but read for next break upRe framing is complete, original acceleration has reclaimed stability, grind up possible but break up seems most likely.
GOLD/BTC LOOKS LIKE BULLISHThis graph tells me to sell BTC and buy GOLD. Time will tell.
Not an investment advice..
Bitcoin to the moon!I've done this analysis about 5 months ago! and now I see the first stage of it has came true! ,I mean the retracement part still :)
I think Bitcoin will pass Gold's market cap and it will be soon.
Note that this target is just approx. and may not be reached exactly!
But it may goes around ~ 250k $ to 500k $
After hitting this ATH, I think the previous two cycles patterns (as you can see from the chart) will repeat again and the price will go up to hit the channel's ceiling! and this could be a 3 to 4 years of a bearish BTC market :(
By the way, another less probable scenario is that, a big fundamental news may help Bitcoin to smash the channel from the bottom, and then it is BTC that will really goes to the moon! :)
What do you think?
TVC:XAUBTC
BINANCE:BTCUSDT
OANDA:XAUUSD
Gold/Bitcoin in a bearish Channel - Ready for a big Pump in BTCHi everyone
Investing in Bitcoin(BTC) will have much more profit than investing in Gold. Notice the accurate movement of gold/bitcoin chart in the downtrend channel and its Reactions to the midline of the channel. Meanwhile, Static Support & Resistances are working properly.
XAU/BTC may reduce About 89% in the next coming months as you can see in the chart. Now BTC price is about 40k but get ready for Bitcoin to become more than 200k.
Wish you the best
I'm getting more interested in ratios, so here is gold/btcAs always, this is just me thinking out loud. If we consider the fiat/usd deflation narrative and also the idea that btc will be the digital gold or its digital equivalent, then the ratio of gold / btc should be relatively unaffected by the loss of value from usd. I would like to track this for a while with this chart, which has the horizontal lines as 12 month levels, which could provide some s/r. also the trend lines since the beginning of btc. as we see the ratio has managed a few times to break out to the upside of the general trend, in times when the btc price saw exponential growth. I also marked the red line as this lines seems to be reactive and it's interesting that we are just knocking on it. I might also make a chart with fibs instead of trendlines. I'm generally interested in the relationships of gold, silver, btc, eth and usd. maybe it would be interesting to also add a second fiat to the mix, like chinese yuan, or russian ruble.
GOLD KILO BTC. ONE OF THE BEST INDICATOR CHART YOU CAN FIND When gold lowers you flip to btc, when btc lowers you flip to gold.
I'm wondering how many people got rich this way, not to forget how much btc is boutgh back in the time by those who realized this way before me.
