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Buy Gold Breakout, Dump Bitcoin Now

ByJordan Roy-Byrne, CMT
Published 12/01/2023, 01:40 AM

Gold is breaking out and at the start of a new secular move. This implies the stock market and the Nasdaq, which Bitcoin follows, will be in a secular bear market soon.

Latest comments

agree. the correlation is obvious
guy was right. look at gold chart now 😁
Not fully agree with Jordan. Gold AND Bitcoin (and soon all cryptos)  both now in bull market. Its not wise to argue with trend. And Currently(!) Gold and Crypto are more Allies then competitors - they are both  winning from implied money printing by Fed in next year. Bitcoin is just gold on steroids (due to its less market cap). In long term we can argue what is better protected from government printing fiat money (or better received  by government, its also very important) - gold and precious metals  Or cryptos. But its discussion not for this or next year. In next year I think both crypto and precious metals will shine due to inevitable new round of QE or whatever Fed will name it).
Just a bullshit.I think gold companies paid him to write this article.
Anyone selling Bitcoin now is a complete fool. The chart says it all. BTC is getting ready to head into the next halvening, which will lead to another explosion upwards in value. Now is the time to be BUYING crypto, not selling it.
actually no. halving refers to new BTC being rewarded at half the rate as before. it's not a reverse split like a stock might do.
We'll see. I still think it could crash. Too many bulls
Looking for $40k over the weekend! 🎅
good tonto
gold and sp are not inverselt correlated in the fed liquidity era
Crypto has diverged from the stock market the last two years and largely been in line with precious metals. How much do they pay you?
That's a good overview 👍
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