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Btcvsnasdaq

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.
INDEX:BTCUSDLong
by AmandeepSingh2020
Bitcoin will repeat the history !!! (? ? ?)Hey fellas Look at this chart! doesn't look familiar for you? I had a TA about comparing BTC and NDX market crash before which you can find it here ( ). But this time i want to zoom in and take a closer look. This is part of NDX (2000) crash. we are in 2018 and NDX made an ATH again in 2016. So there is no argument that BTC will reach and pass its ATH anyway; BUT in the current situation our big question is " WHERE IS THE BOTTOM ??? " If i want to be honest with you, In my opinion we didn't reach there yet. I chose this specific part of chart for you to compare it with another chart of BTC in below. lets see we can find a solution or not! look at the every single LH and LL that BTC made in previous 3 months and compare it with Nasdaq. As you know technical analysis is based on three assumptions: 1-The market discounts everything. 2-Price moves in trends. 3-History tends to repeat itself. Why we are saying history can repeat itself? because people's psychological moves can be same in similar situations and in financial markets we had so many bubbles like Tulip mania and bubble dot com and so on. As you know most of bubbles making similar patterns too. BTC's last year move was like one of those patterns and every body were talking about it. now we all know the bubble is bursting, So if you are worried about your investment i want to tell you there is nothing to worry about but if you want to protect your capital you should find a good point to reenter the market. The best place for reenter to market is where we don't see the downside movements anymore. With all that said my vote is for going down until we see a good volume and good buying pressure in the market where the big money and smart money comes in. Be warned this is my personal idea and i will monitor the market every day and wait for the results. Peace <3
TVC:NDQShort
by saeedd