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This is incredibly bullish.
And it lines up with everything else I have been saying.
BTC/GOLD is ready for a mega run.
What this chart shows us is the strength of BTC against GOLD.
And since December 2024, BTC/GOLD has been in a very crisp HTF ABC correction, declining exactly 50%.
Before that, we have just as crisp 5 waves up.
Absolutely textbook stuff.
So where are we right now?
Well, the 1W RSI has reached oversold levels only seen at pico bear market lows.
And at the same time, the chart is completing a 1 year long ABC correction pattern that, as I mentioned, has corrected exactly 50%.
There is more and more evidence I'm seeing every day showing how the whole market is actually gearing up for massive expansion here.
While we have most people thinking we are already done.
The combo of the 50% year long ABC correction here, and the Oversold RSI...
Paint a very compelling picture of the market position.
Add that to every other piece of analysis I have given you and it is just starting to really stack up now.
Higher.