BTC vs Gold on weekly chart - BTC might not soon to 100K
Hello guys, I would like to share an interesting point of view since many people compare BTC to gold and see BTC as the digital GOLD.
BTC actually follows similar chart patterns as Gold when you compare both charts. And when I look at these charts I find something interesting. BTC follows currently a Elliot wave pattern which Gold did as well.
If BTC keeps following the chart patterns of GOLD. BTC price could do the following. Wave 3 will be same as alltime high. Wave 5 could potentially be a little bit higher or same. Price will bounce for longer term a bit sidewards in a bigger price range so that a bullish flag pattern can be formed. And then finally somewhere in Q4 we could see a massive bullrun.
But for now... I think BTC might not go as high as many people try to convince you to create FOMO for their own investment interests.
I'm curious if there are people around on this platform who have noticed this as well. Or if you are super convinced that this is not going to happen. Would you be so kind to share your thoughts in the comments.
BTC actually follows similar chart patterns as Gold when you compare both charts. And when I look at these charts I find something interesting. BTC follows currently a Elliot wave pattern which Gold did as well.
If BTC keeps following the chart patterns of GOLD. BTC price could do the following. Wave 3 will be same as alltime high. Wave 5 could potentially be a little bit higher or same. Price will bounce for longer term a bit sidewards in a bigger price range so that a bullish flag pattern can be formed. And then finally somewhere in Q4 we could see a massive bullrun.
But for now... I think BTC might not go as high as many people try to convince you to create FOMO for their own investment interests.
I'm curious if there are people around on this platform who have noticed this as well. Or if you are super convinced that this is not going to happen. Would you be so kind to share your thoughts in the comments.