GOLD will rise by +300% in only 3 years! (Better than Bitcoin)
Updated
I am pretty confident that GOLD will rise by +300% in price in only 3 years! Is gold a better investment than Bitcoin at this moment? Should you sell BTC and buy GOLD? Definitely yes, and I will tell you why!
Gold was in a sideways consolidation period from 2011 to 2024. And this year, in March 2024, the price finally made a strong breakout bullish candle on the monthly chart that changed everything! The big players have a lot of liquidity and then cannot move large amounts of money from one asset class to another with a single order. Also, for them, it's not best to buy all assets at the same time. In 2024, we see that big players are hugely interested in gold again, so this should be your main focus.
Why can Gold go 300% in 3 years and Bitcoin cannot? That would be around 210,000 USD per Bitcoin in 2027, and we know that this is impossible to happen as Bitcoin is statistically dropping every third year by 70% - 90%. Of course, big players are using this high volatility to buy cheap Bitcoin and to force retail investors to sell in a huge loss. They will do it again, as it's extremely profitable for them. Most likely, the price of Bitcoin in 2027 will be below 70k!
From a technical perspective, on the monthly chart we can see that the price of GOLD is inside this ascending parallel channel (since the year 2000). The probability of touching the top of the ascending channel is very high at this moment. From the Elliott Wave perspective, gold is starting an impulse wave (3)! Usually, waves 3 are the strongest! Another indication that huge news is coming for GOLD.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Gold was in a sideways consolidation period from 2011 to 2024. And this year, in March 2024, the price finally made a strong breakout bullish candle on the monthly chart that changed everything! The big players have a lot of liquidity and then cannot move large amounts of money from one asset class to another with a single order. Also, for them, it's not best to buy all assets at the same time. In 2024, we see that big players are hugely interested in gold again, so this should be your main focus.
Why can Gold go 300% in 3 years and Bitcoin cannot? That would be around 210,000 USD per Bitcoin in 2027, and we know that this is impossible to happen as Bitcoin is statistically dropping every third year by 70% - 90%. Of course, big players are using this high volatility to buy cheap Bitcoin and to force retail investors to sell in a huge loss. They will do it again, as it's extremely profitable for them. Most likely, the price of Bitcoin in 2027 will be below 70k!
From a technical perspective, on the monthly chart we can see that the price of GOLD is inside this ascending parallel channel (since the year 2000). The probability of touching the top of the ascending channel is very high at this moment. From the Elliott Wave perspective, gold is starting an impulse wave (3)! Usually, waves 3 are the strongest! Another indication that huge news is coming for GOLD.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Trade active
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Gold vs. Bitcoin supply.-----------------------------------
Gold has limited physical supply.
Bitcoin has an infinite amount of supply. It's software, and supply can be easily modified (and it will be!)
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How much gold is left on Earth?U.S. Money Reserve - The WGC estimates that there are 54,000 tonnes of “below-ground gold reserves” waiting to be mined. These below-ground reserves account for less than 30 percent of what has already been mined. “World gold supplies are difficult to quantify.
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Important short-term update + Elliott Wave. We have an ABC corrective pattern, which is a good sign for the bulls!Comment
Channel is breaking out! Gold is very bullish now.Comment
Important to watch: GOLD seasonalityWe can see that statistically, gold is bullish in August and September! Prepare for a bull market. But be careful in October.
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Bitcoin already made 1000x profit and made people millionaires and billionaires, now everyone entering Bitcoin in 2024 is late to the party! Bitcoin is unable to go parabolic as its already big whale.Now you should rather ask, What is better to hold, gold, bitcoin, or stock index?
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Gold is pumping! We have a strong resistance ahead, so it's a good idea to take profit and buy again lower. This parallel channel will break out and we will see 3000 USD+ gold.Comment
Thanks for your interesting ideas in the comment section. In one of my next analyses, I will compare gold vs bitcoin. Is Bitcoin really that good? Make sure you follow my account! Thanks and have a nice weekend!Comment
The market cap of GOLD is 16.7 trillion dollars. Some people say gold will go down and Apple will be first or Microsoft will be first or bitcoin will be first. The truth is that gold can easily 10x from here.
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