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SpartaBTC
Jul 11, 2022 3:44 AM

Amazon and BTC logical comparison and buy/sell tactics 

Amazon.com, Inc.NASDAQ

Description

Amazon's main trend is shown. And the logic of actions on bitcoin, both for those who understand what trading, hype and trend are, and for completely inexperienced traders.

Amazon during the internet bubble. One of thousands of similar ones at that time (everyone knows bitcoin). Depreciated by -95% during the collapse of the bubble of Internet companies.

The action is chosen for clarity. The trading situation is roughly similar to a double top. Everything is shown clearly to understand the logic of actions.

Past trading situation and the implementation of the double bottom goals according to the TA classics, during the pumping / dumping of Dotcom wrappers on AMAZON shares



Bitcoin secondary trend now.


Comments
scheplick
I've never seen these comparisons before! Interesting
SpartaBTC
@scheplick, Glad to share my thoughts on bitcoin with the crypto community.
KlejdiCuni
I like your chart details. Thank you.
SpartaBTC
@KlejdiCuni, I'm glad to be helpful
YMGroup
Keep up the good work dear, thank you for your education update
SpartaBTC
@YMGroup, I'm glad to be helpful
Solldy
Extremely convenient design of the graph for perception. Deal with a good RRR, thanks for the idea)
SpartaBTC
@Solldy, I tried to explain everything in a very understandable way.
DeGRAM
Thank you for sharing your analysis. Great job!
SpartaBTC
@DeGRAM, I try to share relevant information and methods for trading
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