fifty2kph

Is the Bitcoin daily chart following the gold weekly?

Panjang
COINBASE:BTCUSD   Bitcoin
While just looking at the weekly gold chart, it suddenly hit me that the pattern has a striking resemblance to the Bitcoin daily one. This is just an observation, I don't actually believe it is following it and think Bitcoin will go down to test $3000 big resistance level. There will be a chart soon about all the support and resistance levels on the Bitcoin monthly chart for long term reference use.

Is this pattern called anything or simply a pattern? Is it important? Is Bitcoin following gold?

Penafian

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