Bitcoin not yet looking compeling to flip from Tesla rally. But it's approaching soem natural support ranges for potential bounce and break those supply trendlines.
its like comparing donuts to dogshit just my opinion
D7R
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@Bishmar, comparing anytingto anything is just that... comparing anything to anything. You believe in narrative you bleive or the angle that allow you satisify your own beleif system. it's called correlation bias or availability heuristics . If you have "experts" telling you that something is legit comparison the human-herd like mentality will lead to you beleive there is indeed any special significance. Now if you are both a bitcoin and tesla investor you can use this as basis to model to when you could allocate more to tesla vs allocating more to bitcoin (it can be simple as this or it can be simple as any other reason out of our scope of interest). There is always someone that will find this ratio, comparison or basis useful some others wont ...and that is ok too.
patricgates
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Loved your charts. Would you mind sharing the indicator / template please.
Thank you.
D7R
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@patricgates, thank you.🙏 Indicators are part of DELTA7 Suite (premium). Get touch via details in my signature if interested
scheplick
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This is an interesting way to look at the market. Tesla hype, clean energy, product and business vs. crypto and the financial revolution. Both different forms of innovation and industries. Also both with different forms of investor interest. I wonder if this will turn and when
D7R
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@scheplick, likely when Bitcoin break the 10k resistance and find support above it to test the ATH range a few more months (and possilbe local double top, tripple with 2017 top).
We must not forget that Bitcoin aims at the marketcap of Gold as commodity and currency at same time. Likewise, the upside for Bitcoin is incredibly greater than any stock.
Skipper86
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very pretty
jonfuentesX
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What's the relationship between these two markets?