Hi Folks,
As many may have noticed, there is a striking similarity between the
AAPL and
TSLA charts and the 2017 - 2018
BTCUSD chart.
As you see the explosive run up of both stocks is almost identical to BTC's famous 2017 bull-run, even with the retracements at the same relative intervals.
This is AAPL

This is the TSLA chart

So the million dollar question is,...
While having wildly different fundamentals (one basically being 1's and 0's in a computer program and the others being real companies with actual buildings and tangible assets),
can one chart be a guide to how the other(s) will play out??
Charts are driven by supply and demand in the market (or at least should be), but a lot of that supply and demand is driven by human psychology and fear and greed,
which is in fact, fairly agnostic to the underlying asset and the reason why it's almost impossible when you see a naked chart to tell of which asset it is or even on what timeframe!!
(except, of course, some famous charts, like the forementioned BTC chart, that most people know)
The answer to that million dollar question, however, is for you to decide.
Just my 2 cents.
Gr, JD.
#NotTradingAdvice
#DoYourOwnResearch
As many may have noticed, there is a striking similarity between the
As you see the explosive run up of both stocks is almost identical to BTC's famous 2017 bull-run, even with the retracements at the same relative intervals.
This is AAPL
This is the TSLA chart
So the million dollar question is,...
While having wildly different fundamentals (one basically being 1's and 0's in a computer program and the others being real companies with actual buildings and tangible assets),
can one chart be a guide to how the other(s) will play out??
Charts are driven by supply and demand in the market (or at least should be), but a lot of that supply and demand is driven by human psychology and fear and greed,
which is in fact, fairly agnostic to the underlying asset and the reason why it's almost impossible when you see a naked chart to tell of which asset it is or even on what timeframe!!
(except, of course, some famous charts, like the forementioned BTC chart, that most people know)
The answer to that million dollar question, however, is for you to decide.
Just my 2 cents.
Gr, JD.
#NotTradingAdvice
#DoYourOwnResearch
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。