Semiconductors NVIDIA and TSMC Vs BTC Ratio

2023年5月30日

Semiconductors Vs BTC Ratio

- Since Sept 2017 we have been in a range
- The 3 channels are periods Semiconductors(SCRs)
performed better than BTC.
- The red resistance has been a sell indicator for SCRs.
- Exiting the 3 channels also meant sell SCRs.

Within months we are reaching a potential exit point for SCRs with BTC potentially offering better returns once we reach resistance or leave the current channel.

Factoring in yesterdays tweet regarding TSM, the next 3 - 6 months will be pertinent for SCRs and will likely provide a final upward thrust and an exit opportunity. It is possible that we break the resistance on the chart however this has not happened since Sept 2017 and may not happen. If it does we can reenter on a retest of the resistance turned support. I would still sell having enter the resistance.

This chart gives us another metric to watch for the SCR and BTC trade simultaneously. With AI making news lately the AI driven sentiment could offer the final thrust and exit position opportunity we are looking for for NVDA & TSM. Given NVDA has has such an epic move and factoring in that TSM appears to be signaling that its now its turn to rise (yesterdays tweet), my positioning would be into TSM. Furthermore, anyone wanting to diversify an AI holding, may sell NVDA into TSM. We shall see. A fascinating sequence of events that we can observe and trade off over the next 3 - 6 months.

PUKA