Max

[ Gold and Bitcoin - When moon? ] This is a post I wanted to write for a week. I think you'll enjoy the read very much. Let's jump right into it. I'll try to make it as simple as possible. Right, so right off the bat I'll say that when comparing gold to Bitcoin, the same sequential periods can be seen immediately to the ones we did with the DXY (nitter.cf/Osemka8/status/1902104…), just a bit different. We can divide the dynamic into 3 stages: - gold impulses, BTC follows slowly, - gold ends, Bitcoin impulses, - Bitcoin ends, both bottom at roughly the same time. Here's the visual. From the picture you can also see current macro impulse on gold starting in early 2016, which is lasting to this day. After the ends of those minor impulses (after wave 1 and 3) is where Bitcoin started it's parabola. We're approaching the end of an extended wave 5. So the same dynamic is to be expected here. Just like with the DXY dynamic mentioned above, where DXY should start falling and Bitcoin going for it. Same implication. So the only thing to do now is dissect this last wave 5 and where it may end. If I dig into EW counts should be relatively soon. Within 2-3 weeks is my guesstimate based on lengths of previous waves. Missing two minor waves. Few daily updates ago I've shared this Bitcoin chart. Deadline for a breakout is in 3 weeks as well. Additionally, PA from last year on OTHERS is also pointing to that time period. Just look at how bottoms and diagonal breakout align (if we don't mind the August black swan). Add liquidity lag to that equation and we have another confluence (nitter.cf/cointradernik/status/1…). I don't like how lots are now tracking this thing, even Saylor, but I still keep it in mind. So it seems environment is slowly shifting and the trend is about to change. We just gotta be a bit more patient. Share it if you found it useful! Would appreciate it reaching wider audience. Also post your thoughts below. Constructive criticism is always welcome.