Due to the confliction between Ukraine and Russia , I decided to look back in to the history , and see what happened to Bitcoin , Gold and SPX when we had war or confliction.
Here is the list of the wars that I mentioned in the chart : ( I understand of the ongoing wars and some other I did not mentioned ! )
1 . Iran shoots down US drone aircraft
2 . Iranian General Assassinated
3 . Operation Martyr Soleimani
4 . Nagorno-Karabakh war
5 . Tigray War
6 . Fall of Kabul
According to my studies all of the war news has been bullish for the 3 assets ! (Except for one time for gold on Tigray War which can be ignored. )
Just to be said , this would be far different if we get in to a world war !
The question is : in case of starting a war between Russia and Ukraine , what would happen to cryptocurrencies ?
As a technical analyst , we always look backward and see what happened in history , then we get some information and that's where analysis starts !
So , we can say BTC and Gold are safe assets during the war , and also SPX ( focus on arms stock! they are to sell weapons ! ) Its just the same for fuel carriers and oil!
Be aware , this is not financial advise , It's just a study of what happened in the history and there is no guarantee for now.
Here is the list of the wars that I mentioned in the chart : ( I understand of the ongoing wars and some other I did not mentioned ! )
1 . Iran shoots down US drone aircraft
2 . Iranian General Assassinated
3 . Operation Martyr Soleimani
4 . Nagorno-Karabakh war
5 . Tigray War
6 . Fall of Kabul
According to my studies all of the war news has been bullish for the 3 assets ! (Except for one time for gold on Tigray War which can be ignored. )
Just to be said , this would be far different if we get in to a world war !
The question is : in case of starting a war between Russia and Ukraine , what would happen to cryptocurrencies ?
As a technical analyst , we always look backward and see what happened in history , then we get some information and that's where analysis starts !
So , we can say BTC and Gold are safe assets during the war , and also SPX ( focus on arms stock! they are to sell weapons ! ) Its just the same for fuel carriers and oil!
Be aware , this is not financial advise , It's just a study of what happened in the history and there is no guarantee for now.
Not
Penhan AKA JavadIsHere
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Penhan AKA JavadIsHere
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.