A Strange Situation with Bitcoin and Stock Markets (divergences in key markets)
A strange situation with bitcoin and stock markets (divergences in key markets). We are seeing strength in certain markets like bitcoin and Nasdaq while there's relative weakness in other markets such as the S&P, Dow and the Transportation index. But which charts are showing the "correct" path for the markets? We discuss. #stockmarket #bitcoin #AlessioRastani For our membership (including the 3 months extra offer): https://bit.ly/3C8nU5j For Charlie Burton's gold level membership: https://bit.ly/charlie-burton-2022 Subscribe: http://bit.ly/2lz33DQ| 🔔Make sure to enable ALL push notifications!🔔 Watch the NEWEST videos: http://bit.ly/2md7PHD Follow Alessio Rastani​: Twitter: ​https://twitter.com/alessiorastani Watch more Alessio Rastani​: Expert Interviews: http://bit.ly/2lHdK7n Important Videos: http://bit.ly/2md78y1 Latest Videos: http://bit.ly/2md7PHD Popular Videos: http://bit.ly/2mcbaXj DISCLAIMER and RISK WARNING: Trading has large potential rewards and also large potential risks. You must be aware of the risks and be willing to accept them. Don't trade with money you can't afford to lose. We are neither an investment advisory service nor an investment advisor. Data and information provided are solely for educational purposes. Nothing in this channel, videos and the information provided in it should be construed as a recommendation to buy or sell stocks, ETFs, futures, indices, forex, cryptocurrencies, commodities or any market. The past performance of any trading system or methodology is not necessarily indicative of future results. Current analysis can change due to future market events. Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated, therefore anyone considering it should be prepared to lose their entire investment.
A Strange Situation with Bitcoin and Stock Markets (divergences in key markets)
Comparing Stock Markets with Bitcoin
In this video, Alessio Rastani compares the chart of stock markets with Bitcoin and discusses the current situation where there is strength in certain markets but weakness in others.
Strength in Certain Markets
- Bitcoin has surged higher as expected.
- Alessio has maintained a bullish bias and perspective on bitcoin for the last several weeks and months.
- As long as the stock market remains above the December lows, Alessio will remain bullish on the stock market and Bitcoin.
Weakness in Other Markets
- We're seeing relative weakness in certain charts like S&P 500, Dow Transportation, and Dow.
- Eventually, Alessio thinks that these weaker markets will catch up with stronger markets like NASDAQ and Bitcoin.
Conclusion
- There are many factors involved that give us a much more bullish picture towards the end of July but let's wait and see if we get that confirmation in the next several weeks.