Bitcoin vs Nasdaq This chart is a representation on BTC/Nasdaq
Mind you it is not in fiat terms but more of a ratio.
The chart uses Heiken-Ashi candlesticks on MONTHLY timeframe to show trend and potential long term target around 14.
We see over an over the same consolidation but I think BTC will outperform Nasdaq in longer term.
This mean if Nasdaq goes up, BTC will go up more and if Nasdaq goes down, BTC is likely to hold better. BTC can still go down in Dollar terms but is likely to fair better.
We are still in those consolidation patterns and once we break up, our target is around 450% - 500% higher from current level.
In other words, if you were contemplating where to put your money, this chart can help determine which asset is likely to outperform so you can make decision.
Again, this is likely but not a guarantee. I will update the chart if I turn bearish but until I post an update, this just means I still believe it is likely to play out.
Any feedback is a welcome.
Trade well.
