This chart shows the flow of money between 2 assets: BTC and GOLD.
The current perception in the market right now is that BTC is being used as a store of value. This narrative is backed by the chart showing that both compete for the same position in the market.
Outside of general correlation, I suggest that Gold is being used as a vehicle to accumulate more BTC . Supported by the downtrend of gold printing lower highs while BTC prints higher highs.
If that trend continues, we can use that correlation to predict BTC cycles and moves.
I didn't draw on the chart my prediction for these 2 assets but it is quite clear ;)
The current perception in the market right now is that BTC is being used as a store of value. This narrative is backed by the chart showing that both compete for the same position in the market.
Outside of general correlation, I suggest that Gold is being used as a vehicle to accumulate more BTC . Supported by the downtrend of gold printing lower highs while BTC prints higher highs.
If that trend continues, we can use that correlation to predict BTC cycles and moves.
I didn't draw on the chart my prediction for these 2 assets but it is quite clear ;)
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.