Intraday Market Thoughts
Bitcoin Breaks Gold Channel
by
Dec 27, 2021 19:08
As a follow-up to Friday's video on the recurring patterns of bitcoin vs USD, gold and miners, here are the latest charts on Bitcoin/Gold since the video was posted. The latest weekly chart (left) continues to drive the idea that Bitcoin will push higher--the opposite from mid May -- after holding above the mid $40ks. Relative to gold, Bitcoin's pattern remain similar to summer 2020 (middle chart). Bitcoin must close the month above $53K in order to preserve its 7-month upward channel, while maintaining positive momentum vs XAU. This would imply considerable upside vs USD as long as XAUUSD holds above $1770s. Feel free to watch from part 13:25 mins of the video for Bitcoin/Gold section.
Click To Enlarge
Latest IMTs
-
محتوى بوصلة السوق من العائد الى الذهب و الناسداك
by Ashraf Laidi | Mar 20, 2024 12:42
-
BTC Needs Powell Correction بيتكوين بحاجة الى تصحيح
by Ashraf Laidi | Mar 18, 2024 17:20
-
Not once, twice, but six ستة مرات ليس صدفة
by Ashraf Laidi | Mar 13, 2024 10:07
-
Finding 88K Bitcoin كيفية الوصول الى
by Ashraf Laidi | Mar 4, 2024 12:21
-
شراء بيتكوين وصل الى عشر أضعاف الإنتاج
by Ashraf Laidi | Feb 29, 2024 9:17