Dear Everyone,
Look at the chart of XAU/BTC with invertetd scale. It seems to be that the BitCoin move was implicated by the weakness of faith to FIAT currencies. Because on XAU/BTC was nothing special. That prooves one more time that the U.S. Dollar and other state currencies are getting not to be a true money - sorry.
Currently we are at the resistance line for XAU at 0.2 (support for BTC c.a. 5 oz). We must observe today's candle as for bitcoiners would be better this resistance for Gold would stay. I believe it's possible.
Best regards,
Paweł,
P.S.
I my opinion, expected head-and-shoulders pattern happened at Bitcoin/Gold pair and will not happen an U.S. Dollar pair because of the money printing. In my opinion Gold is true money now.
Look at the chart of XAU/BTC with invertetd scale. It seems to be that the BitCoin move was implicated by the weakness of faith to FIAT currencies. Because on XAU/BTC was nothing special. That prooves one more time that the U.S. Dollar and other state currencies are getting not to be a true money - sorry.
Currently we are at the resistance line for XAU at 0.2 (support for BTC c.a. 5 oz). We must observe today's candle as for bitcoiners would be better this resistance for Gold would stay. I believe it's possible.
Best regards,
Paweł,
P.S.
I my opinion, expected head-and-shoulders pattern happened at Bitcoin/Gold pair and will not happen an U.S. Dollar pair because of the money printing. In my opinion Gold is true money now.
BITCOIN MUST HOLD 5 OZ OF GOLD PER COIN !!!