Don't ignore stock prices for your crypto decisions

Have you noticed how the crypto market and stock market often move in tandem? For instance, now AI is a hot topic in the news, AI related crypto prices and stocks tend to rise simultaneously. This correlation can be extremely valuable, as it can help us make more informed decisions about which investments to go for. By keeping a close eye on the stock market, we can get a good idea of which crypto coins might be on the rise and vice versa. This can give us a competitive edge and potentially lead to bigger profits.

I bought some C3.AI stocks when AGIX and Co. started to move, which turned out to be a smart move. Now most stocks are idle for a few days while the AI cryptos are still going strong - this could either mean that the stocks will follow or that the cryptos will crash soon.

Another example where I was quite successful with this is when Facebook rebranded and I gambled on a hype boost for decentraland.

However, it's crucial to remember that this correlation is not foolproof and shouldn't be relied on as the sole basis for investment decisions. But considering the stock and crypto markets often move together, keeping track of both can certainly be a helpful tool. It worked out for me this time around for sure...

Are you also trading stocks and crypto in tandem? What are your favourite indicators or strategies and tips?