WEED stock and Bitcoin price has inverse relation.

8 Agu 2018

Hello traders,

This is just a interesting findings. It seems like someone is moving their asset between Bitcoin and WEED stock in past half a year. When ever bitcoin goes up, WEED price does down, and vise versa.

WEED just broke key resistance and looking for trend reversal. Because money are flowing into WEED, 6K Bitcoin is now on the table again.

10 Agu 2018

Trading ditutup: target tercapai

Let's see if it goes 5.7K again.

11 Agu 2018

Catatan

Also, good time to hype up WEED in preparation for marijuana legalization in Canada. Weed is currently at 38.6% Fibonacci retracement, and if it can surpass this level, $40 will be on the table. My bullish view will be invalidated if it bounces from this level.
However, Bitcoin is currently at oversold region in daily chart so there may be some pull back for weed in upcoming week (potential bull flag formation in preparation for $40 in WEED)

22 Agu 2018

Catatan

WEED is reaching the all time high and looking for pull back, while Bitcoin just had massive pump. Coincidence? Guess not!