Monthly BTC:Gold - BTC Reversal Incoming (Elliott Wave Analysis)BTCUSD/XAUUSDBITSTAMP:BTCUSD/OANDA:XAUUSDSunnyHillCapitalThe Bitcoin-to-gold ratio has been a reliable indicator for identifying reversal and buying opportunities for Bitcoin, as well as entry points for gold when Bitcoin outperforms it. Currently, Bitcoin's price is severely oversold relative to gold. This presents a rare opportunity to accumulate Bitcoin for the next cycle! While precious metals have had their run higher and may continue to grind up slowly, I believe Bitcoin is next to perform exceptionally well. We are seeing a parallel channel that aligns perfectly as a support level, coinciding with a 38.2% Fibonacci retracement. Additionally, using Wave B's measurement to forecast the completion of Wave C within Wave II reveals a 78.6% retracement target. This confluence represents a massive buying opportunity! This could potentially mark the strongest and longest bull market crypto has ever seen. Let me know what you think! And good luck out there.