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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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.