Gold from 1979 to 2004 INCREDIBLE fractal vs Bitcoin 2018-2019
I think this is worth taking a look at. Bitcoin is a faster moving market than gold. Probally someone already published something similar but i haven't seen any.
Note the incredible similarity between history of gold from 1979-2004 and the last bubble of BTC early 2018. We almost had the same % correction than gold and it keep following the fractal. I believe there is alot of institutionnal money waiting on the sideline after the 2017 bull run of Bitcoin.
1. Main picture : Gold futures from 1979-2004
2. First picture BTC : 2018-2019
3. Second picture : Gold from 1979 to 2019
I can see BTC following the fractal in the third picture and this would take us to arround 50k BTC in less than a year. There will be alot of FOMO if BTC keep going up.
You CAN'T deny the fact that is really similar to Gold, but this is not a buy recommandation. We are approaching all time high in the stocks market ( i am short right now ) and i believe there will be some of the money allocated into gold, will now flow into BTC.
Do your own research, this is not buy recommandations.
P.s. sorry for my bad english, this is not m
Note the incredible similarity between history of gold from 1979-2004 and the last bubble of BTC early 2018. We almost had the same % correction than gold and it keep following the fractal. I believe there is alot of institutionnal money waiting on the sideline after the 2017 bull run of Bitcoin.
1. Main picture : Gold futures from 1979-2004
2. First picture BTC : 2018-2019
3. Second picture : Gold from 1979 to 2019
I can see BTC following the fractal in the third picture and this would take us to arround 50k BTC in less than a year. There will be alot of FOMO if BTC keep going up.
You CAN'T deny the fact that is really similar to Gold, but this is not a buy recommandation. We are approaching all time high in the stocks market ( i am short right now ) and i believe there will be some of the money allocated into gold, will now flow into BTC.
Do your own research, this is not buy recommandations.
P.s. sorry for my bad english, this is not m