Bitcoin vs Gold

Btc vs xau could drop with the orange line to consolidate on the giant triangle around 0.168 fib before breaking out.

Commento:

This was only simple, due to being on my mobile at the time. Essentially look at the fib retracement from 0 to 1, and see the 0.618 level forming a consolidation level over a longer timeframe. This continuation of consolidation would pose a risk of further lows before supply totally drys up and the only way left is skyward.

IMHO bitcoin beats gold, it has a more restrictive supply and zero mass.

Commento:

Upward breakout from consolidation achieved.

Commento:

If you're into bitcoin and not watching gold/bitcoin you're missing the main show!

Commento:

bounce up is due