Charts give us messages. We need to know where to look. The ratio chart of Bitcoin to Gold had given us an early warning signal that Bitcoin might be worse relative to Gold.
We had alerted on this divergence sometime back. See how the ratio has now started heading downwards. In other words it makes sense to be long Gold vs Bitcoin. Gold should outperform Bitcoin.
Bitcoin as we speak is 20% down somewhere near 34000. When do we go long Bitcoin again? Let the chart give an indication. Till then enjoy the rally in Gold.