SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : CFZ E-Wiggle Workspace
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: skinowski9/21/2024 10:08:56 AM
1 Recommendation

Recommended By
kckip

  Read Replies (1) of 41466
 
To me, the most interesting chart out of the 4 is the last one, SPY:BTC. If you’re Bitcoin investor, you want this ratio to be heading down. You want your BTC to outperform SPY.

One interesting thing is how nicely the ratio keeps “dancing” around its 50 week ma. On numerous occasions this ma serves as support - resistance. Most of this year BTC was correcting, with SPY slowly gaining ground against it. Recently, the ratio bounced off down from its 50dma - just as BTC started to show some strength. If BTC wants to continue to be relatively stronger, it picked a good spot to try for a turnaround.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News