Bitcoin
Long

GOLD is showing the $300k way to BITCOIN

204
Bitcoin / BTCUSD is currently on a strong rebound on its 1week MA50.

It's 1week chart looks identical to Gold's 1month chart. Both are Cup and Handle patterns and Bitcoin lags behind.

Gold has already made its final parabolic rally and nearly touched its 2.0 Fibonacci extension.

This shows that BTC's potential is extremely big, eyeing (if symmetry plays out to the end) $300000.

Follow us, like the idea and leave a comment below!!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.