In this video I review how the performance of Bitcoin is in line with the performance of the Dow Jones Industrial Average for the last 10-years. Bitcoin has never been tested during an actual bear market for the DJI. It has always been in existence during the bull market for the United States stock market. During each pull back in the stock market, Bitcoin also had a correction. I also compare the DJI chart to the Ethereum chart to show that the fractal formation of the stock market appears to show that we are in the final wave 5, before we make a multi-decade long correction.
Hi, this is the Blockchain Backer, bringing you the latest crytocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
Disclaimer: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions.
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