/biz/ - Business & Finance

>I wanted to post this again, after seeing a lot of BTC VS GOLD comparisons just to get an opinion on it.

I always see a lot of 'Gold vs BTC' pattern comparisons, where the Monthly Gold pattern is being compared to the Daily BTC pattern, and I don't disagree that sure BTC will follow a similar pattern to BTC.
But I think we're all being blindsided by the fact that we're all expecting bullish sentiment straight away and are biased into thinking that the shorter time time frame on the Daily BTC will follow the longer term Monthly Gold patterrn

>Just a comparison of the similar/same pattern across BTC Daily, Gold Weekly (which is the precursor to the Monthly pattern which most are assuming BTC will follow), and the Gold Daily (which was the precursor to the Gold Weekly pattern)

It's my belief that BTC will have to complete the lower time frame pattern on the Daily chart before it ever attempts the Weekly longer time frame pattern, and then before it ever attempts the Monthly pattern.

1. Test of the mean.
2. The retest to see if it can hold the mean.
3. Price stalls before it gets too bearish , participants weary of a bear market.
4. The test of the mean from below, which holds, followed by the tests of the upper bands to push the market into a bullish sentiment. It's looking successful short term, prices are driven higher.
5. BTC/Gold fails to hold the upper lowest band (1.25 multiplier), price falls to the mean, trades under the mean, trades above the mean in a narrow range, fails to do anything significant at all, dumps.
6. New pattern on the higher time frame has emerged, the pattern continues.

I always see a lot of 'Gold vs BTC' pattern comparisons, where the Monthly Gold pattern is being compared to the Daily BTC pattern, and I don't disagree that sure BTC will follow a similar pattern to BTC.
But I think we're all being blindsided by the fact that we're all expecting bullish sentiment straight away and are biased into thinking that the shorter time time frame on the Daily BTC will follow the longer term Monthly Gold patterrn

>Just a comparison of the similar/same pattern across BTC Daily, Gold Weekly (which is the precursor to the Monthly pattern which most are assuming BTC will follow), and the Gold Daily (which was the precursor to the Gold Weekly pattern)

It's my belief that BTC will have to complete the lower time frame pattern on the Daily chart before it ever attempts the Weekly longer time frame pattern, and then before it ever attempts the Monthly pattern.

1. Test of the mean.
2. The retest to see if it can hold the mean.
3. Price stalls before it gets too bearish , participants weary of a bear market.
4. The test of the mean from below, which holds, followed by the tests of the upper bands to push the market into a bullish sentiment. It's looking successful short term, prices are driven higher.
5. BTC/Gold fails to hold the upper lowest band (1.25 multiplier), price falls to the mean, trades under the mean, trades above the mean in a narrow range, fails to do anything significant at all, dumps.
6. New pattern on the higher time frame has emerged, the pattern continues.