GOLD/BTC ratio Time to sell Gold and buy Bitcoin again?

21 Haz 2022

This is one of the most accurate ratios in the book for the the two assets. Practically last time we updated this on October 30 2020, it helped us catch the exact time that Bitcoin started its parabolic rise (when it was close to testing the 2017 ATH) and began to outperform Gold heavily once again:

Right now the price of GOLD-to-BTC ratio is yet again very close to its Lower Highs trend-line that started on the January 2015 High. At the same time the 1W RSI of the ratio is being rejected near its own Higher Highs trend-line that started on that date as well.

What's very interesting is when we add the DXY (green trend-line) to the mix. You can clearly see that the ratio's big sell-offs took place when the DXY (U.S. Dollar Index) topped and started to fall sharply as well. It is obvious that a cheaper USD favors the riskier nature of Bitcoin against Gold.

What do you think is going to happen next? Is this an early signal that we should start converting Gold to Bitcoin again?




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