BTC -BULL RUN IS NOT OVER YET .Wonder Why Bitcoin is falling !?
It is SO clear to me when I look at Gold against BTC on the logarithmic scale.
Do you see what I see?
GOLD/BTC is literally Bitcoin flipped upside down, and so far in this cycle after the third's Halving, Bitcoin is not even close into putting the Next All Time High, which is speculated to be printed at 6 figures somewhere between 100k-288k{as Plan B's famous Stock2Flow Model predicts)
We can see Bitcoin trading in the short term even lower than 30K, if Gold's Momentum continues to grows as Inflation's CPI numbers are now not even denied publicly from The Federeal Reserve.
Maybe Equities Markets will be in a correcting phase or a crash, so if you are into Bitcoin for the long term, U can DCA from here down below to 20-25K if Bitcoin falls to that area.
I'm expecting Gold/BTC to come close on the 20MA or test it, so it can face Rejection on the upcoming month/s, leaving Room for Bitcoin to start rallying until Printing the Speculated All Time High.
Get yo' cash ready and do not sit on it.
BUY as many of Bitcoin you can on this Precious Gift and other cryptocurrencies as well like Ethereum, Cardano, Chainlink, BinanceCoin, Uniswap, Polkadot, Vechain, BitTorrent etc.
This is a Sell area recommended if you got no more cash to invest in order so you can buy back at Lower Prices in order to increase your cryptocurrencies Position before they all PEAK.
Imagine finding these coins trading at ;
BTC to 20-25K
ETH to 1.2K
CHAINLINK 10-15$
ADA .75-1$
So much discounts coming fellas!
BE READY FOR IT!
Note that this is NOT FINANCIAL ADVICE
We recommend you to do your own research before partaking on any Trading Activities based upon this IDEA.
You should understand that everything is mere speculation and no ones knows for sure how candlesticks will be printed/closed on the charts.
If this idea clarifies you on where we are, or you find it interesting and helpful, please be willing to consider donating even 1$ worth of SATS at
1PEcfn2PGoJTqhRNb9xchaCwJZGWw72hSj
Every SAT counts and it will be Hodled for at least a Decade from here before selling and increasing position for even future generation.
Be kind!
Be someone's Hidden Super Hero
:)
TRADE SAFE
XAUBTCK trade ideas
Sell your #Bitcoin to BUY #GOLD and here's the targets The idea is to sell your coins now and buy the real gold bars
to the last target
and there re-buy $BITCOIN with 1600% of your original quantity
the chart supported by #BTCUSD chart as we expecting some sort of correction and #XAUUSD as we expect a good bounce till 3500 levels
Good luck...
Gold / Bitcoin - regular Bullish divergenceSince March 2020 Gold has taken a beating as measured against Bitcoin with a drop of 90%. That’s about to change.
On the above 2-day chart a regular bullish divergence has emerged between price action and the oscillators following the oversold condition (orange column).
On the 10-day chart the Money Flow Index has broken out from resistance. Price action returned to the 21-week moving average (green) in previous breakouts, currently 150% away.
I know the bitcoin bulls are not going to like this, however the last two occasions those oversold conditions occurred in the Gold / Bitcoin pair, Bitcoin dropped 80% & 60%, respectively. A repeat of 60% would take Bitcoin to $20k in dollar terms.
Target? No clue - will update idea when overbought.
Action to take? Not financial advice - however I use those opportunities to swap a good chunk of the Bitcoin stash into gold if you want more Bitcoin. You could 2x your Bitcoin holdings here. PAX Gold on Binance makes it super simple.
Good luck.
10-day chart - MFI resistance breakout
GOLD vs BITCOIN => Reversal Soon?First of all, I would like to thank @TradingView for this amazing chart combination!
As per my last idea (attached below), we know that this bearish trendline is getting weaker as the impulse movements are getting smaller and flatter.
XAUBTC formed a valid channel, but for the buyers to take over and the bullish trend to start, XAUBTC has to break above the last swing high (highlighted in gray)
Meanwhile, until the buy is activated, XAUBTC would be overall bearish.
Again...
If this happens and XAUBTC goes up => it means:
Scenario 1 - GOLD UP, and BITCOIN DOWN
Scenario 2 - GOLD UP, and BITCOIN UP with Gold moving up more aggressively
Scenario 3 - GOLD DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively
Are we going to see this break soon? What do you think?
~Rich
GOLD vs BITCOIN => Who Will Win?First of all, I would like to thank @TradingView for this chart combination!
I found XAUBTC chart interesting. Here is why.
XAUBTC has been bearish for a while. HOWEVER...
We can clearly see that the impulse movements are getting smaller and flatter . (as shown by the angles highlighted in blue)
So from a market structure perspective, this is an early alert that the buyers are losing strength, and we might have a potential reversal soon. BUT WHEN?
For the buyers to take over, and the momentum to be shifted, XAUBTC has to break above the last swing high. (around 0.04 - 0.05)
If this happens and XAUBTC goes up => it means:
Scenario 1 - GOLD UP, and BITCOIN DOWN
Scenario 2 - GOLD UP, and BITCOIN UP with Gold moving up more aggressively
Scenario 3 - GOLD DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively
Which scenario is more likely to happen in your opinion? and Why?
~Rich