Are AAPL and TSLA going on the BTC road?

2 พ.ย. 2020

Hi Folks,

As many may have noticed, there is a striking similarity between the AAPL and TSLA charts and the 2017 - 2018 BTCUSD chart.

As you see the explosive run up of both stocks is almost identical to BTC's famous 2017 bull-run, even with the retracements at the same relative intervals.

This is AAPL


This is the TSLA chart



So the million dollar question is,...
While having wildly different fundamentals (one basically being 1's and 0's in a computer program and the others being real companies with actual buildings and tangible assets),
can one chart be a guide to how the other(s) will play out??

Charts are driven by supply and demand in the market (or at least should be), but a lot of that supply and demand is driven by human psychology and fear and greed,
which is in fact, fairly agnostic to the underlying asset and the reason why it's almost impossible when you see a naked chart to tell of which asset it is or even on what timeframe!!
(except, of course, some famous charts, like the forementioned BTC chart, that most people know)

The answer to that million dollar question, however, is for you to decide.

Just my 2 cents.

Gr, JD.

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