BITCOIN and GOLD! Short term connection that can reveal a lot!

You are all familiar with the similarities between Bitcoin (Digital Gold) and Gold on the long term and on a cycle wide scale.

Similarities that have allowed to accurately price Bitcoin's bottom:


Or still see an early entry on the Golden Cross occurence:


Even spot the parabolic extension from the 0.382 Fibonacci level to the 0.618 peak:




What is very interesting is the similar candle action on the short term price movement between the two. Again Gold appears to be leading BTC!

Can it be a coincidence that both store of value assets have broken into a new bull cycle and made their peak at the same time?

Surprisingly Gold is more aggressive trading well above the MA200 and since yesterday even above the MA50. This is also better illustrated by the fact that Gold managed to make a peak on the 5 Fibonacci extension (from the consolidation phase), while Bitcoin managed to peak at 4.236.

This is purely an educational analysis intended to develop the general notion that Bitcoin and Gold (digital store of value and physical store of value) are by nature interlinked.

What are your thoughts on this study? Can Gold show the way to BTC even on a shorter time frame?

As usual let me know in the comments section!!