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!
Comment:
I think BTC outperformed by a tad bit. Whaddya think? :)
