Gold is having a price correction again 👀
Gold price has collapsed since yesterday. This dip is much deeper than the dip a few days ago.
My colleague who has not invested so far said that I bought a Gold ETF. Definitely, it was a Sell signal.
Take a look at this historical chart 🤔 For Gold, to reach $2k, it took around 30 years from 1980 to 2010. To reach $4k, it took around 10 years from 2010 to 2020.
Gold marketcap is much higher than BTC marketcap. It's much heavier. That's why I guess $4.4k would be the top of Gold this cycle.
If yes, BTC(Bitcoin) will be the next. Then, ETH(Ethereum) and Altseason 3.0.
Certainly a dangerous parabolic chart and a lot of operations would crank up production so the amount of Gold being mined would be cranked up.