{"id":13370,"date":"2023-03-13T09:20:55","date_gmt":"2023-03-13T09:20:55","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13370"},"modified":"2023-05-19T09:25:05","modified_gmt":"2023-05-19T09:25:05","slug":"bitcoin-is-about-to-explode-as-gold-dxy-is-leading-the-rally","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/03\/13\/bitcoin-is-about-to-explode-as-gold-dxy-is-leading-the-rally\/","title":{"rendered":"BITCOIN is about to explode as GOLD\/DXY is leading the rally!"},"content":{"rendered":"

This is Bitcoin (BTCUSD) on the 1W time-frame against the Gold\/DXY ratio. As you see, since 2016 the Gold\/DXY ratio has been a leading indicator to BTC’s trend on the long-term, filtering out what’s needed.<\/p>\n

In the last two Cycles, the ratio bottomed out first before BTC, broke above its Bear Cycle Support and posted a Bull Flag before BTC and topped before BTC. At the moment the ratio just broke above its Bull Flag, while BTC is rising too and will have a crucial week, attempting its first 1W candle closing above the 1W MA50 (blue trend-line).<\/p>\n

We have claimed for weeks on our channel that Bitcoin is currently in the same symmetrical level it was in April 2019. A closing above the 1W MA50 would validate this and set a short-term target on the Bear Cycle Support around $29000 and then pursue our longer term targets.<\/p>\n

Do think that the Gold\/DXY ratio is the leading indicator for Bitcoin’s new rally? Feel free to let us know in the comments section below!<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/BTCUSD\/YXGzhXfO-BITCOIN-is-about-to-explode-as-GOLD-DXY-is-leading-the-rally<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This is Bitcoin (BTCUSD) on the 1W time-frame against the Gold\/DXY ratio. As you see, since 2016 the Gold\/DXY ratio has been a leading indicator to BTC’s trend on the long-term, filtering out what’s needed. In the last two Cycles, the ratio bottomed out first before BTC, broke above its Bear Cycle Support and posted<\/p>\n","protected":false},"author":611,"featured_media":13371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-13370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13370"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13370\/revisions"}],"predecessor-version":[{"id":13373,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13370\/revisions\/13373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13371"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}