Bitcoin
Short

BTCUSD Overvalued Measured In Gold + Retracement To Fill Gap

145
BTCUSD looks overvalued when measured against Gold XAUUSD. Divergence can be seen on the weekly chart from two different points in the past. There is also a gap that has formed in the BTC futures market that also needs to be filled. So i'm hoping these two factors combined will offer a pullback in BTC to at least fill the gap somewhere between $9,500 - $10,000.

Note we need the weekly candle to close bearish to confirm this divergence.

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