Bullish bat and a bounce from .618 retracement on the gold chart
As the American stock market likely continues it's decline, what I'm seeing here makes perfect sense to me.
Nota
here's a short-term bullish cypher i found the other day, supporting my theory the top of the dead cat bounce(of the U.S. stock market) is already in, as gold is even more obviously inversely correlated to the indices than bitcoin is.Nota
I'm extra bullish as of last night, noticed this bearish divergence on this chart of BTCUSD/XAUUSD that I've been watching since the bottom. The bearish divergence leads me to believe that in the near future, a bitcoin will only be worth about 4 ounces of gold rather than 6.
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