Bitcoin vs Gold

Btc vs xau could drop with the orange line to consolidate on the giant triangle around 0.168 fib before breaking out.

Kommentar:

This was only simple, due to being on my mobile at the time. Essentially look at the fib retracement from 0 to 1, and see the 0.618 level forming a consolidation level over a longer timeframe. This continuation of consolidation would pose a risk of further lows before supply totally drys up and the only way left is skyward.

IMHO bitcoin beats gold, it has a more restrictive supply and zero mass.

Kommentar:

Upward breakout from consolidation achieved.

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If you're into bitcoin and not watching gold/bitcoin you're missing the main show!

Kommentar:

bounce up is due