The ratio(0.51) of Crypto/Apple (CP) has broken out above a key level after finding support at 0.30-0.37.
The support for CP ratio lasted for 15M, from June2022 to Sep2023.
The ratio recently took out the its M21ema at On the macro basis, this give bulls high confidence level to continue the uptrend.
The next key level of resistance will remain 1.1-1.3.
Once broken, will reevaluate based on the AAPL market at that time.
I'm not confident that the CP ratio could hit 2.0 in this Bull MARKET if APPL continues to trend higher and and its marketcap hits at or above 4.0-4.5T.
The support for CP ratio lasted for 15M, from June2022 to Sep2023.
The ratio recently took out the its M21ema at On the macro basis, this give bulls high confidence level to continue the uptrend.
The next key level of resistance will remain 1.1-1.3.
Once broken, will reevaluate based on the AAPL market at that time.
I'm not confident that the CP ratio could hit 2.0 in this Bull MARKET if APPL continues to trend higher and and its marketcap hits at or above 4.0-4.5T.
