There is probably no co-relation between Tesla stock and Bitcoin. I compare them out of sheer curiosity after reading this article .
I won't long Tesla for now as I am not comfortable with its current price and I think the mad rush chase by retail traders are getting out of hand. That is my opinion, who knows, it might follow BTCUSD and goes up exponentially so much so that the short sellers have to declare bankruptcy like what Elon Musk previously did.
Make sure you insure yourself properly if you want to partake in such risks like not borrowing money to bet on this stock, employ stop loss, correct position sizing and capital management.
I wish you the best of luck !!!
I won't long Tesla for now as I am not comfortable with its current price and I think the mad rush chase by retail traders are getting out of hand. That is my opinion, who knows, it might follow BTCUSD and goes up exponentially so much so that the short sellers have to declare bankruptcy like what Elon Musk previously did.
Make sure you insure yourself properly if you want to partake in such risks like not borrowing money to bet on this stock, employ stop loss, correct position sizing and capital management.
I wish you the best of luck !!!
Komen:
8 months later, when we review this chart again, there seems to be some co-relation to BTCUSD and TESLA.
