Forget for a moment the fact that this is the Bitcoin / Gold ratio.
Take an unbiased look at this curve and say, will it go up or down?
Take an unbiased look at this curve and say, will it go up or down?
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To explain what is happening and how final it is. Take a look at the development of the Bitcoin / Gold ratio over the last five years. The thick black line was always the last support. On March 12, 2020, it was broken down massively and very aggressively and became the new long-term resistance. Thereafter, on 20th March, the price still tried to overcome the new resistance and was rejected. From now on it will go down for a very long time and very deeply. A "long holding strategy" makes no sense at all under these circumstances, unless you are willing to wait many years and want to risk losing everything in the end.
Above all, stay healthy. All the best!