Ape Index: What could be running the show?
Is it Bitcoin? Probably.
As you can see on this comparison, red weeks on the Bitcoin chart have been followed with proportionally large green candles on the "Apes Index." It appears when Bitcoin goes down, people switch to other volatile assets to recover from their loss or continue gambling. The size of the green candles may be proportional to the fear of how low BTC may go, and of course, the occasional short squeeze that fuels this fire. So if BTC follows the predictions and tests the 20k support line, the APE index should potentionally continue rising.
As you can see on this comparison, red weeks on the Bitcoin chart have been followed with proportionally large green candles on the "Apes Index." It appears when Bitcoin goes down, people switch to other volatile assets to recover from their loss or continue gambling. The size of the green candles may be proportional to the fear of how low BTC may go, and of course, the occasional short squeeze that fuels this fire. So if BTC follows the predictions and tests the 20k support line, the APE index should potentionally continue rising.
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer
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