🔥 NASDAQ / Bitcoin Indicator: End Of Bear Market Signal

In this analysis I want to take a look at a metric that we don't see analyzed very often. By dividing the NASDAQ by BTC we can get a clear view on when the NASDAQ is outperforming BTC, or when it's the other way around. As you can see that this line is generally trending downwards, which means that BTC is generally outperforming the NASDAQ.
However, there's also periods when the NASDAQ is outperforming BTC, see the yellow areas. The yellow areas can be classified as crypto bear markets.

Every single time the bear market has ended, what followed was a period of BTC outperforming the NASDAQ. This moment has always started when the NAS100/BTC line has lost the uptrend and made a lower-high & lower-low after a period of only making higher-highs and higher-lows, see purple circles.

Use this indicator in your trading toolkit to determine we're in a good or bad environment for trading crypto. Seeing that the indicator is still rising, it's a bad trading environment for crypto. Be patient for a definitive downtrend.