Intraday Market Thoughts
Bitcoin Leaves 16oz Gold Behind
by
Nov 1, 2023 20:55
As Powell's press conference drove down bond yields on his statement about upcoming tightening of conditions (reducing the need for further hikes), bitcoin rallied higher alongside equities. Now that Bitcoin/Gold ratio is well above 16 (17.9) the highest since May 2022, the implications for further run-up are enormous. If you take a closer look at last week's video about the importance of the 16.0 Ratio, you will appreciate its historical effectivenes regarding Bitcoin's inflection points (upside and downside). Here's the video again illustrating the turning poins since autumn 2020. And if you ask "Ashraf why compare Bitcoin vs Gold instead of something else?" here is the answer
Click To Enlarge

Latest IMTs
-
How Goldbugs Called XAUUSD كيف المناجم قرأت هبوط ال
by Ashraf Laidi | Feb 25, 2025 17:24
-
Forecaster App التطبيق الذي كنت تنتظره
by Ashraf Laidi | Feb 23, 2025 23:00
-
Charting gold storage in NY تحليل مخزونات الذهب في نيويورك
by Ashraf Laidi | Feb 21, 2025 19:45
-
آخر ضربة تعريفات ترامب على الأسواق
by Ashraf Laidi | Feb 7, 2025 19:52
-
تداول فوضة تعريفات ترامب
by Ashraf Laidi | Jan 31, 2025 21:19