I have a theory on Bitcoin. I noticed that a good amount of marijuana stocks turned Bullish right around the time that Bitcoin turned Bearish in beginning of 2018
My guess is that the market movers were taking their gains and then pumping it more with mj stocks
So this setup will be interesting to follow.
Because Bitcoin is nearing a potential Bear market
Will the pattern repeat if Bitcoin fails at it's support level?
This is a risky trade and mainly trying to document the theory
Always set tight stop loss on these type stocks.
My guess is that the market movers were taking their gains and then pumping it more with mj stocks
So this setup will be interesting to follow.
Because Bitcoin is nearing a potential Bear market
Will the pattern repeat if Bitcoin fails at it's support level?
This is a risky trade and mainly trying to document the theory
Always set tight stop loss on these type stocks.