Movement comparison

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Movement comparisonBitcoin all time history indexINDEX:BTCUSDf1shc4tBitcoin and Monero have approximately the same amount of coins in circulation. Bitcoin has an average of 500,000 transactions daily, while Monero has around 20,000. The Monero ownership centralization is obvious, but not provable. The two assets have significantly opposite price movement. The LTCBTC/XMRBTC pair is at the channel top. The XMRUSD/LTCUSD is retesting long-term support. The channel has been violated, which possibly means a strong corrective wave in the opposite direction is coming. LTCBTC pair isn't looking great for now, but LTCUSD has been in slow upside movement with quite high usage for payments. The upcoming LitVM hype might have impact on the price, and will be produced by Lunar Digital Assets company in deal with Bitcoin OS and Litecoin Foundation. The LDA is a marketing company and they have made a lot of damage through previous projects thus exercise extreme caution. The BTCUSD is searching for support on 1W and appears to be completing Elliot five wave impulse, and forming a running flat. The XMRBTC is at strong long-term resistance, the BTCUSD has more momentum for breakout while grinding at the channel top, and taking under consideration the BTCUSD and XMRBTC are inversed, the BTCUSD seems a better choice for investment at this moment. However, XMRUSD does seem like it could get a correction, but in smaller magnitude than XMRBTC, thus the XMRUSD price might stay elevated for the period while BTCUSD is in bullish rally. Furthermore, the BTCUSD versus GOLD is also finding significant support. Countries and private companies are holding the BTCUSD positions. It is possible that in this year people will realize it is easier to keep safe and spend Bitcoin rather than physical gold. Gold appears to be a fear hedge, around 50% of yearly mined gold being used for production of jewelry while around 10% used in electronics production. Silver appreciation is fair. The world will continue further into finance digitalization. Production of physical goods should also get more appreciation in the following years. Opinion - Good time to move XMR to BTC, even though XMR might make another leg, but less likely.