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BTC/GOLD Ratio Is The Chart You Want To Watch #Bitcoin $XAU
BTC/XAU has come close to parity 3 times, first in 2013, second in Jan 2017, and third in this ongoing rally towards breaking ATH.
Typically, BTC/XAU has had strong rejection between 0.8-1, depending on the value of BTC on the exchange that you consider.
XAU/USD just painted a reversal on the monthly, which could signal the end of a 4 year downtrend. Unless BTC/USD breaks all time high this month, we may see another strong rejection as we climb closer to parity again.
As I shared on twitter, twitter.com/onemanatatime/status/834171533194989568, it either breaks this week, or will consolidate for a further 3 months before breaking.
I think It's only a matter of time we see BTC > XAU, but when will that happen?
Typically, BTC/XAU has had strong rejection between 0.8-1, depending on the value of BTC on the exchange that you consider.
XAU/USD just painted a reversal on the monthly, which could signal the end of a 4 year downtrend. Unless BTC/USD breaks all time high this month, we may see another strong rejection as we climb closer to parity again.
As I shared on twitter, twitter.com/onemanatatime/status/834171533194989568, it either breaks this week, or will consolidate for a further 3 months before breaking.
I think It's only a matter of time we see BTC > XAU, but when will that happen?
Note
Here's the chart of Gold painting that reversal candle:Note
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.