Bitcoin VS Gold. Signs of a super bear market.

27 Jan 2019

This is a common comparison of the original store of value: Gold, to the digital store of value: Bitcoin.

Their consolidation periods after their all time highs display common wave patterns and a similar behavior that resulted into successive lows. Bitcoin has very recently made its first new low and is now accumulating positions (Triangle) for the next. If Bitcoin follows Gold's pattern on its next patterns too, then it will enter a very long "super bear market" against the common belief that the hyperbolic bullish move will soon push it to a new bull market.