BTC TSLA Pair - Tesla Still Acting as my “Money Market”??? (Patreon)

A chart I look at every day but do not talk about it. A friend who is HEAVY BTC has no TSLA and asked should he rotate some. I said well you may have missed the boat on that trade for this qtr.

Rem BTC and TSLA half the time are correlated, half the time inversely correlated.... but this will be interesting to keep track of if there is a BTC BEar Market and a huge AI Autonomy revolution. Now back to the chart.

The BTC/TSLA ratio chart shows how many Tesla shares equal one Bitcoin, currently at 240.6. Over the past two years, it’s oscillated in a range between 220 (support) and shot as high as 470 (resistance) - REM 1 BTC for 470 TESLA is a great trade.

Recently, the ratio broke below the 260 support, dropping nearly 9% in a week, TSLA has been outperforming BTC vastly since July and I think it has more to go unless BTC starts to get some Q4 action which has been missing so far this year... yeah this time is different.

I expect the ratio hits 220 and TSLA trades up to $500 over the next few weeks. Secretly I am hoping BTC has a pop - in November so happy to be wrong here.

Final note.... ATR works flawlessly on this pair

My ATR Settings for this pair