Bitcoins Invisible golden fractalThis chart shows a macro fractal in bitcoins price that cannot be seen when pricing bitcoin against US dollars. It can only be seen using the inverted Gold/Bitcoin chart.
As fiat inflates, loses value, and ultimately collapses it is clear the Gold/Bitcoin pair will become the single most important currency pair.
If this fractal holds any weight then we might only be in the equivalent of May 2015 with this bull market not topping out until some time in 2023.
XAUBTCK trade ideas
XAU/BTC - inverted scaleHello Everyone,
Mike Novogratz suggested to look at Bitcoin to Dollar chart. As on TradingView is only XAU/BTC, I inverted scales (red candles ago up). Mike Novogratz suggested that breaking the line can turboboost the Bitcoin price in relation to other assets.
Indeed, if wee will se at the chart, we see there is no significant breakout still (in relation to gold, of course). Let's remember that U.S. Dollar is not a true money anymore as is massive produced without any limitations. As other states' currencies! Currently all countries print money like crazy.
In my opinion Novogratz's had very good suggestion to look at this chart! So, let's see if Bitcoin will do a breakot!
All the best, as always, all the best regards,
Paweł
Fine long opportunityWell, XAUBTC looks like want to test at least 1 area. I wonder at what price these two will get even.
If this long position gets successful, XAUBTC might be on its way to build a nice wedge, which would possibly be the first wave of a new bull run. We'll see...
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You DO NOT have my permission to use my ideas as a financial or trading advice.