Since the 2008 Low, the US $ has gained 58.5 %
In the same time span, GOLD has gained 158.4%
Created in 2008, Bitcoin has increased in price by 36,221% - YES you read that correctly
This is the Bitcoin PAXG ( tokenised Gold) on Binance
So, While everyone else was Loosing out with USD back stablecoins, If you had sold your BTC to PAXG ( or dierectly to GOLD on Bitfinex) you continued to make moeny.
No brainer
It is touch and go right now as to which is the better option but over all. PAXG is beating BTC but we are coming to resistance.
be cautious
Bitcoin / Gold Bitfinex BTCXAUT
BTC still holding its gains over Gold since the beginning of 2023.
However, the traditional markets are turning to Gold as the "Safe Haven" and since Oct, Gold has seen a steady rise in Value.
The NEW thing to do is IGNORE THE US $, it is loosingin value and so are you when you sell your BTC out to USDT.
When you trade your BTC out to XAUT ( Bitfinex) or to PAXG ( Binance etc) you manage to hold or increase its value in REAL terms.
Trade Wisely my friends
Another of my #Bitcoin daily charts
We are back in the red zone but we do not tend to remain here for too long
The same chart bit as a Weekly puts it all in scale
#Bitcoin Daily
Got to be said that Bitcoin is beginning to look a little Bearish and yet at the same time, we do have support and so, while a max Drop for me is around 51K, we may not go all that way.
But, again, it has to be said, 51K is the lower trendline on the channel we been in since March. It is possible to arrive there again.
We have been posting a series of Lower Highs and Lower Lows.
This is con good if it continues HOWEVER, it could also be said we are still printing the handle of a CAP AND HANDLE Pattern and untill the handle drops below the Cup rim, it is still valid.
So, in short, PA is at a Cross roads and undecided
It needs a Kick up the backside to get it started
Sometimes, technicals just do not Cut it.
SPELLING MISTAKES _ NO EDIT< CANT FIX ! -
The Problem for #Bitcoin is shown if we use a LOG chart..that Long Term resistance trend line REMAI~NS as that
Simple #Bitcoin Weekly chart using the Linear format
That is called a Bullish pennant and PA has supposrt on a long term trend line
Which one do you want to use ?
Please find below, the monthly chart i have been posting on Trading View and X ( not for much longer) and now Here, in the new World.
The Monthly Close Colours of #Bitcoin since August 2011. These historical sequences can normaly lead to an understanding of "Flow". However, I do feel things have changed a little, even though the ETF's are a small % of the total Bitcoin Market.
So, The hope was that this month would close GREEN as in the past, this has been a the case during a bull run, or lead up to it, after the previous months sequence of colours.
There have been 3 occasions with a Green July followed by a Red August and 2 of them had a Red September also.
all 3 occasions could be said to have been in a BEAR, the last 2, near the end.
HOWEVER, I haqve said before and I will say it again, PA seems to be following the 2013-> 2017 run and the 1st one of these 3 occasions was in August 2015, when the candle sloced red after months of near static Range PA, as we have just had,..September was a small green candle but we then carried on to the 2017 ATH.
August 2016 also closed RED with a Green September following.
Interesting days ahead as I also have a number of charts that point towards September being a positive month for Bitcoin.
We will find out in the next few weeks if they are Valid or not.
Can anyone give me an invite to ALBY ?
I hope that is an individual and not a Corporation.. Long Live the Small Guys ( and Gals)
And here is one I been watching for a long time now. Each Vertical line is a Year span.
#Bitcoin is following the 2013 -2017 Fractel near perfectly. The smaller arrows are showing you were the path is and the large arrow is showing you the place we are at now, and the same point in 2016, which also happens to be August
The retrace in by the end of August 2016 was -28% - We have just seen a -31%.
IF we conrinue to follow this patteren, this will lead to a 800K USDT BTC by Nov 2025 !
Will it happen ?
Time will tell
The retrace in 
While we see the US $ loose Value, it is a false increase in price to see #Bitcoin increase in valule against the $.
THE sensible alternative, in my view, is to use the BTC / GOLD pair.
This is directly available on Bitfinex or asa BTC PAXG on exchnages such as Binance.
AND, as you can see in the chart below, BTC has seen a 273.6% increase in value against GOLD since Jan 2023.
since March this year, we have seen a small retrace that has led us to the upper trend line of that channel created. We saw the Lower trend line tested as support in early August this year.
We shuold watch this as I am expecting a bounce.
If we do not see that, the Lower trend limne may get revisted.
If we stay on upper trend line, the apex is 2nd Week October.
PA will react before that point, it always does.
But it is worth noting that the Bullish trend signals recieved are running low now., However, GOLD itself isd getting exhausted.
This could be very good. I doubt it will be very bad
I heard they are planning to do the same to any aliens that maybe here too !
I have been very critical of the BBC RADIO 2 in recent years but listening to the DJ Jeremy Vine getting his Legs waxed for the first time ever is just priceless HAHA
I am not to sure he enjoyed it and a Song was played Very VERY soon after
#Bitcoin Daily LOG chart
Today, once again, #BTC PA waits for Economic Data from the USa and today, it is the QoQ GDP.
Once this come in and if it goives confidence, then we should see a continued rise in PA.
We will have it fairly easy to around 60800 and then pockets of resistance exist. Today and Tomorrow could be interesting.
Idealy, This months candle needs to close Green, September is often a red month and so this could lead to confidence issues in the market.
Lets see what happens in the next Few days, which happen to be a Weekend also.
When I began using #Crypto to try and generate an income, I had NO idea of the real Wealth that was inside that world.
The People - the open Minds, the debates, the knowledge and the real truth that all that exposed.
We really are on the dawn of a new world and I am privileged to seen even just a part of that
#Bitcoin Daily
Got a nice bounce on its way and it is possibly syustainable.
All depends on Bullish intent.
I have recieved a Bullish signal on anotehr chart so I am looking at this closely but untill we break 72K USDT, we remain in long Term range
HELP - I can like and Zap today but what ever I do, I cannot reply to any post
does anyone have an idea why ?
I am new here so...could be anything lol