Hello dear friends! This post is informational only. In it, I try to compare correlation of the price movement of Tesla with the price movement of Bitcoin and Doge!
Why Bitcoin? - Understandable, because recently we saw news <<Tesla buying Bitcoins>>, which caused a significant increase in price of Bitcoin.
I communicate with many traders and newbies and many of them believe, that Testa bought Bitcoins at exactly 32k and now Bitcoin has reliable support from Elon Musk.
Is it so or not? Let's think about it.
Now pay attention to the chart. Let's take a look at the price movement of Tesla (black line) and Bitcoin (blue line).
For the first time, a correlation between price movements has been observed since June 2019 (then Bitcoin cost 4k) and it lasts exactly until moment when the news about <<Tesla's buying of Bitcoins>> comes out.
Coincidence? - I don't think so๐
On the chart, you also can observe the following important correlation points, which prove that Tesla bought Bitcoins at a very reasonable price๐
What is Doge doing on my chart, you may ask?
Pay attention on Doge's pump in July 2020 and what happened with Tesla that time!
Guys, of course, this is not a direct relationship! This is a POSSIBLE influence! Believe in it or not, it's up to you!
I hope it was interesting for You, would be glad to see Your feedback๐
Do you really still believe, that Tesla bought Bitcoins at 32k? Or it sold at 32k?
Thanks for attention๐ Always sincerely with youโฅ๏ธ Your Rocket Bomb๐๐ฃ
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