In the investing world, two assets are currently all the rage… Bitcoin and Tesla.

Bitcoin has turned many early investors into multi-millionaires over the course of the last eight years or so.

Tesla stock has turned its majority shareholder, Elon Musk, into the world’s wealthiest man.

Both have spiked to new all time highs in the last couple of months.  The funny thing is, I see more people interested in shorting Tesla and buying Bitcoin.

Regardless, both assets provided traders and investors with new opportunities to jump on board this past summer at levels far below where they are now.  Yet, more people seem to be interested in buying Bitcoin on a pullback.

Let’s have a look at the daily price charts for each.

As you can see, Bitcoin dropped significantly in March along with the stock market.  It then climbed up from those lows, and by early May, was testing the February highs.

It then traded sideways for several months before a breakout in late July.  That move wasn’t long lasting however, and Bitcoin pulled back to the $10,000 support level.  It slowly crept back up again in September and broke out to new highs.  Until today, it really hasn’t looked back since.

Here is the chart of Tesla over the same time frame.  It sold off along with the market in March, then crept back up and tested the February highs by June.  After a short period of sideways trading, it then broke out in late June.

Tesla then provided a couple more opportunities to jump onboard in August and then with the new breakout in November.

These two charts are quite similar, and it is not uncommon to see these patterns play out in other assets, including stocks and futures markets.

For example…

Check out this chart of MARA.  After making new 52 week highs in August, the stock settled down again and formed a multi-month basing pattern we call the Cup with Handle.

The Handle formed in December, and then the stock broke out to new highs above the high of that handle in mid December at about $7.  On Friday, it hit a high over $25.

The point I want to make here is that it makes no sense to chase moves after you’ve missed them.  There are always other opportunities.  You just need to learn how to look for them and trade them.

Also, some people indicate that they just buy Bitcoin for fun, and are actually willing to lose their entire investment.

That seems crazy to me.

Why not learn how to actually trade, treat trading as a part-time business, and build some wealth without thinking you are just going to the casino?

It can be done.

I can help you with that… visit Tactical Trading Research.

Thanks for reading!