BTC versus NASDAQ 100 near term chart.
BTC/NASDAQ 100 chart. BTC has been highly coupled with tech, ARC, TSLA etc. It needs to break out from those guys as they are still highly overvalued. Lot of evidence that the same investor class has sent money to both places, so I see one beating the other as significant paradigm shift. Bars trend down = NASDAQ outperforming BTC. Bars trend up BTC outperform NASDAQ.
Top pane is weekly roadmap vs Nasdaq 100 and bottom pane is daily. Daily is clearly showing signs of short term change in trend! It really needs to hit its take off zone to breakout on big run (against Nasdaq). September was an early shift.
Red line takes us through a dip (possibly 10-12k). Green line doesn't. Long term outcome is virtually the same though.
DISCLOSURE: Not investment advice. For entertainment purpose. I think there are much better risk/reward investment setups in energy/commodities at the current moment.
Top pane is weekly roadmap vs Nasdaq 100 and bottom pane is daily. Daily is clearly showing signs of short term change in trend! It really needs to hit its take off zone to breakout on big run (against Nasdaq). September was an early shift.
Red line takes us through a dip (possibly 10-12k). Green line doesn't. Long term outcome is virtually the same though.
DISCLOSURE: Not investment advice. For entertainment purpose. I think there are much better risk/reward investment setups in energy/commodities at the current moment.
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