BTC Compared to the S&P 500, Guess Which One Outperforms.
Updated
I have a few notable things to share, here:
1.) BTC outperformed the S&P 500 by six point nine times (!) between 4/20/15, when I first started trading BTC, and 12/11/17 - that's a 6.9X out-performance of the index in just over two and a half years. Crazy!
2.) BTC is still outperforming the S&P 500 index by about 2.8X, from that same date (4/20/15)! This means that you'd currently have 2.8 time more profits if you invested the same amount of cash into BTC and the S&P 500 on that date.
3.) The BTC price is above the quarterly (13 week, red), yearly (52 week, black), two-yearly (104 week, blue) and four-yearly (208 week, grey) moving averages. The only moving average that isn't printing higher prices is the yearly. That said, they are arranged in the right order for a strong bullish move (the quarterly over the yearly, which is over the two-yearly, which is over the four-yearly), for the first time since prices fell from it's current ATH at around 20K!
4.) Notice how strong of a support the four-yearly has been so far, only allowing weekly wicks, never closes, to reach below it!
1.) BTC outperformed the S&P 500 by six point nine times (!) between 4/20/15, when I first started trading BTC, and 12/11/17 - that's a 6.9X out-performance of the index in just over two and a half years. Crazy!
2.) BTC is still outperforming the S&P 500 index by about 2.8X, from that same date (4/20/15)! This means that you'd currently have 2.8 time more profits if you invested the same amount of cash into BTC and the S&P 500 on that date.
3.) The BTC price is above the quarterly (13 week, red), yearly (52 week, black), two-yearly (104 week, blue) and four-yearly (208 week, grey) moving averages. The only moving average that isn't printing higher prices is the yearly. That said, they are arranged in the right order for a strong bullish move (the quarterly over the yearly, which is over the two-yearly, which is over the four-yearly), for the first time since prices fell from it's current ATH at around 20K!
4.) Notice how strong of a support the four-yearly has been so far, only allowing weekly wicks, never closes, to reach below it!
Note
I think BTC outperformed by a tad bit. Whaddya think? :)
Related publications
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.