The BTCUSD/XAUUSD chart shows in two dimension, the three dimensional relationship between the USD, Bitcoin and Gold.
Some interesting relationships appear...
Note that there are times when BTC increases whe Gold stagnates. There are peaks and during these times, the bitcoin acceleration is massive. Then comes the technical indicators where it comes down... and it does so with bitcoin dropping typically.
Unless Gold massively runs up to bring down the ratio, it is more likely for BTC to pull back given the rise of the USD or the rise in Gold or both.
Some patterns in the technical indicators show.... and it is about time for the RPM to commit to a cross down and come down, bringing bitcoin price down too.
Some interesting relationships appear...
Note that there are times when BTC increases whe Gold stagnates. There are peaks and during these times, the bitcoin acceleration is massive. Then comes the technical indicators where it comes down... and it does so with bitcoin dropping typically.
Unless Gold massively runs up to bring down the ratio, it is more likely for BTC to pull back given the rise of the USD or the rise in Gold or both.
Some patterns in the technical indicators show.... and it is about time for the RPM to commit to a cross down and come down, bringing bitcoin price down too.
