No fancy numbers here. Just an idea to make a nice debate out of it.
* As you see on the chart, BTC and GME seem to be negatively correlated since the beginning of this year. When Bitcoin started falling after Jan 08, GameStop started rising, something that evolved parabolically.
* When BTC bottomed on Jan 27, GME peaked on the exact same day. Immediately as Bitcoin started recovering posting a new aggressive rise, GameStop deflated.
* BTC peaked again on Feb 21, and 2 days later GME posted a new impressive rise, which is holding until today.
So can we make something out of this negative correlation? Could it be that retailers pour in the abnormal profits they make from GME into BTC and vice versa? How long can this last? What do you think?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> SocialCryptopreneur
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* As you see on the chart, BTC and GME seem to be negatively correlated since the beginning of this year. When Bitcoin started falling after Jan 08, GameStop started rising, something that evolved parabolically.
* When BTC bottomed on Jan 27, GME peaked on the exact same day. Immediately as Bitcoin started recovering posting a new aggressive rise, GameStop deflated.
* BTC peaked again on Feb 21, and 2 days later GME posted a new impressive rise, which is holding until today.
So can we make something out of this negative correlation? Could it be that retailers pour in the abnormal profits they make from GME into BTC and vice versa? How long can this last? What do you think?
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> SocialCryptopreneur
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.