Bitcoin and Crypto Will Lag The Rally in Stock Market
Nothing is never the same.
2017 was once and done deal.
We will not see 2017 euphoria anytime soon in Bitcoin and Crypto.
This is because everything requires momentum and there is no momentum in the whole crypto space.
Back in 2017, after stocks breakout, Bitcoin and Crypto also breakout to new all time high. And then around May 2017 is when Bitcoin went parabolic AGAINST EVERYTHING ELSE, fueling the parabolic rally in every other Crypto.
That moment is not happening anytime soon. They are plenty of RESISTANCES that bitcoin needs to go through in order to do that kind of crazy things.
Which means that most LIKELY Bitcoin and Crypto will LAG the movement in the stock market.
Stocks will rally first, blue chips are making moves, then capital flow to mid cap, then capital flow to small cap and then maybe eventually the capital will flow into crypto and crypto will rally, but not as much as in 2017.
A proper capital management remains to have some exposure in Bitcoin/Crypto for super long term, maybe it might be wiser to ride the gain in stocks first, and then use that gain to move in crypto.
Again, I don't fall in love with any particular asset classes. I will follow where the money is flowing, and I will follow the smart money.
Be smart, not dumb. The big gains in short term remain in stocks.
Regards.
2017 was once and done deal.
We will not see 2017 euphoria anytime soon in Bitcoin and Crypto.
This is because everything requires momentum and there is no momentum in the whole crypto space.
Back in 2017, after stocks breakout, Bitcoin and Crypto also breakout to new all time high. And then around May 2017 is when Bitcoin went parabolic AGAINST EVERYTHING ELSE, fueling the parabolic rally in every other Crypto.
That moment is not happening anytime soon. They are plenty of RESISTANCES that bitcoin needs to go through in order to do that kind of crazy things.
Which means that most LIKELY Bitcoin and Crypto will LAG the movement in the stock market.
Stocks will rally first, blue chips are making moves, then capital flow to mid cap, then capital flow to small cap and then maybe eventually the capital will flow into crypto and crypto will rally, but not as much as in 2017.
A proper capital management remains to have some exposure in Bitcoin/Crypto for super long term, maybe it might be wiser to ride the gain in stocks first, and then use that gain to move in crypto.
Again, I don't fall in love with any particular asset classes. I will follow where the money is flowing, and I will follow the smart money.
Be smart, not dumb. The big gains in short term remain in stocks.
Regards.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.