CFD Oro (US$/OZ)Long
BTCUSD vs Gold 2008
Charts comparing Gold in 2008 vs BTCUSD recently. Both have expanding triangle corrections followed by breaking the channel to the bottom (liquidity grab / Wyckoff spring) before continuing to the upside.
I also posted the 2006 chart where Gold was recovering from a large bear market. In 2008, Gold's move here after ATH, which is a little different but the behavior of gold looks closer to BTCUSD now.
I also posted the 2006 chart where Gold was recovering from a large bear market. In 2008, Gold's move here after ATH, which is a little different but the behavior of gold looks closer to BTCUSD now.
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