BTC is analysed from price 0, 12 Jan 2009. Aggregate of stock markets (IWM, SPX and IXIC) are analysed from 2009's crash. Both asset classes are normalised to gold.
Using the Elliot Wave Theory on the long-run movement of BTC and Equities the following has been determined:
1. BTC has converged to the stock market's movements
2. Equities and Cryptos have passed the Wave 5, currently finishing the Wave B corrective movement.
Using the Elliot Wave Theory on the long-run movement of BTC and Equities the following has been determined:
1. BTC has converged to the stock market's movements
2. Equities and Cryptos have passed the Wave 5, currently finishing the Wave B corrective movement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.