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tomtourettes

Bullish bat and a bounce from .618 retracement on the gold chart

Long
Or / Dollar Américain (FX_IDC:XAUUSD)  
tomtourettes Mis à jour   
FX_IDC:XAUUSD   Or / Dollar Américain
Fibonacci Trend Lines Bat recession risk-off
15
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fibonacci trendline batpattern recession risk-off
As the American stock market likely continues it's decline, what I'm seeing here makes perfect sense to me.
Commentaire:
here's a short-term bullish cypher i found the other day, supporting my theory the top of the dead cat bounce(of the U.S. stock market) is already in, as gold is even more obviously inversely correlated to the indices than bitcoin is.

snapshot
Commentaire:
I'm extra bullish as of last night, noticed this bearish divergence on this chart of BTCUSD/XAUUSD that I've been watching since the bottom. The bearish divergence leads me to believe that in the near future, a bitcoin will only be worth about 4 ounces of gold rather than 6.
snapshot

Idées en relation

tomtourettes
Average price of bitcoin against the American stock market
tomtourettes
Couldn't be more bearish on DXY
tomtourettes
It's a butterfly now
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