In times of crisis many investors tend to run away to the quality of low-risk assets like gold and bitcoin as a way to protect their patrimony from government actions, inflation or even a possible interbank breakdown.
On the one,there is Gold. A millennial asset which is universaly accepted as a valuable asset but it is difficult to store and can easily be sickled.
On the other hand, we have Bitcoin. A recent asset that is easily store, easily hidden and practically infallible but in some respects it is not so simple to trade and relatively low liquid when compared to gold.
The question is: Which is the best? The technical analisis are able to give us some informations.First, bitcoin is almost recupered from its previus downward movemant caused buy the world crash when compared to gold. Second, bitcoin is forming an ascending triangle below an importante resistance level that project its price to the red downtrend line. Third, bitcoin is inside of a huge simetric triangle that maybe projects bitcoin to worth at least 7 time more when compared with gold on the actual price.
In conclusion, from the point of view of techinical analisis bitcoin is much superior than gold in terms of financial returns.
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On the one,there is Gold. A millennial asset which is universaly accepted as a valuable asset but it is difficult to store and can easily be sickled.
On the other hand, we have Bitcoin. A recent asset that is easily store, easily hidden and practically infallible but in some respects it is not so simple to trade and relatively low liquid when compared to gold.
The question is: Which is the best? The technical analisis are able to give us some informations.First, bitcoin is almost recupered from its previus downward movemant caused buy the world crash when compared to gold. Second, bitcoin is forming an ascending triangle below an importante resistance level that project its price to the red downtrend line. Third, bitcoin is inside of a huge simetric triangle that maybe projects bitcoin to worth at least 7 time more when compared with gold on the actual price.
In conclusion, from the point of view of techinical analisis bitcoin is much superior than gold in terms of financial returns.
Please push like buttom and follow us on our social midias.
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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.
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.