Paranoid_Trader

Bitcoin VS S&P500 comparison beginning Feb 2016

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Lets look at the Bitcoin and S&P500 from Feb 2016 to today May 2020.

Fibonacci Timezone is marked in Blue.
Looks like Feb 2016 was the start of the Great Bull Run for both Bitcoin and Stock Market.

BITCOIN 02/2016 - 11/2017
671days
5300% gain
Retracement to 0.23 Fib ( $3100 zone )

S&P 02/2016 - 02/2020
1467 days
5300% gain
If the same as in Bitcoin , Estimated Retracement 0.23 Fib ( $2100 zone) .

BTC wave Curvy is marked in orange.
Wave up 2/16 - 11/17 (21month)
Wave down 11/17- 11/20 (36month)
Wave time cycle ratio: 21/36 (0.58)


S&P wave Curvy is marked in orange.
Wave up 2/2016 - 2/2020 (48 month)
Estimated wave down 2/20 20- 11/2020 (9month)
Estimated wave time cycle ratio: 48/9 (5.33)


After comparing the numbers
We notice that Bitcoin gained ATH faster and retraced slower than S&P500 .
Keep in mind the correction can continue unfolding.
This analysis assumes we are in BULL MODE ON MONTHLY.

Comments

Whoah!!! That's a lot of lines!!!
Reply
Paranoid_Trader LadyAmalthea12
@LadyAmalthea12,
These are support and resistance based on Fibonacci retracements
Also, Fibonacci timezones

EXPECT NEXT BIG MOVE in November 2020(next fibo timezone)
Reply
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