** Introduction **
Sympathy trading, a strategic approach rooted in both technical and fundamental analysis, capitalizes on correlated movements between assets to uncover profitable opportunities. In this article, we delve into the nuanced realm of sympathy trading using Bitcoin (BTCUSD) and Coinbase Global Inc. (COIN) as case studies, exploring how a blend of...
You are all familiar with the similarities between Bitcoin (Digital Gold) and Gold on the long term and on a cycle wide scale.
Similarities that have allowed to accurately price Bitcoin's bottom:
Or still see an early entry on the Golden Cross occurence:
Even spot the parabolic extension from the 0.382 Fibonacci level to the 0.618 peak:
What...
I am going to keep it simple on this one. After all Bitcoin is not a complicated asset, it follows the same patters and cycles again and again (longer term to a greater extent).
So if you are into Fractal Analysis I have something for you that may be of interest. Since the December bottom we have a steady rise. Steady and not aggressive/ parabolic as BTC is still...
Ok apart from the humorous title, what I want to make clear on this chart is that Bitcoin has entered the final stage before the lift off. Before every low is higher than the previous. Before the new bull cycle essentially begins.
How that happens? Well for starters we can, with a high degree of certainty, say that the bottom is in (priced on December). The...
