What links Tesla and bitcoin is not just Elon Musk , but it is traders and investors who participate in the trades!
Since both are volatile more than many other assets in the world, and their market cap is high, it also makes the two a very good target for algorithmic trading!
I noticed this phenomenon last year and it helped me to predict their crash very well..!
February 17th, 2021 Tesla analysis:
April 14, 2021 Bitcoin analysis:
As I predicted Bitcoin crashed based on Tesla’s crash pattern, analysis April 9, 2021:
I published a comprehensive video analysis on April 9, 2021 : https://youtu.be/0BJ3x4fJzxc
What happened next:
I noticed some changes in the tesla chart and published this analysis on May 21, 2021:
I also publish a bitcoin analysis (buy) on July 27, 2021:
I have published many short analyses on Tesla and Bitcoin in the past few months and lots of you may not know my strategy is not long-term in short positions!
I try to buy naked puts and close my positions in 1-3 days, and I always have stop loss to protect me from my mistakes! (Please pay attention to Red dots on chart)
(I explained this many times below my posts.)