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Artificial_intelligence

BTC: 2017 Bull Market Case Study - BUY THE 21 Week EMAYes - BTC is in a selloff once again but this is normal and we've seen this before. In fact, in 2017 we had 5 instances where BTC traded to the 21 Week EMA and even below if for periods of times before the weekly candle close occurred. This is ONLY the first time BTC has touched the 21 Week EMA in this bull cycle and it is actually very healthy to maintain the macro bull structure. The largest selloff during one of the five 21 Week EMA touches in the 2017 bullrun was 40%. The selloffs ranged anywhere from 30% to 40% but typically averaged around 34%. The lowest we go in this current selloff (although I think it isn't likely, maybe 20% chance) is $39k which would complete a 40% top to bottom selloff - again, I don't think it is likely to fall that low, but it could. We're at an 80% chance that we've already seen the current bottom imho. Currently BTC has sold off 35% so we are likely nearing the end of this current selloff which has touched the 21 week ema and has wicked below (remember we are still very early in the week). This has the effect of shaking out every weak hand who just bought in the last 6-8 weeks who will then buy back in once they realize this bullrun is not over. The alts have been performing well which tells me we are about to see a major run occur once BTC stabilizes. XRP, FTM, FET, ONT, LINK, UNI, and RAMP are top altcoins I have been accumulating. Here is my latest view and chart on XRP - yes I know a lot of people have strong opinions on it - fortunately I'm not in the business of making people happy but am trying to earn the highest risk-adjusted return - I've never been big into XRP, but I can clearly see this is going to re-test aths shortly considering it's still way below it's ath of $3.29 and it should have its lawsuit either dismissed or settled by the 21st of May.
BITSTAMP:BTCUSDLong
by ich1baN
6
FET: RSI Gearing up for Major Move to $8-$9 Range by June/JulyYes it is indeed looking more likely that we will have 2 major peaks in this bull cycle altseason and FET (Fetch.ai) is one of my favorites to perform beautifully. The reason I like coins like FET is that they have a beautiful market structure that they JUST corrected 50% or more from in the last 1-2 months to their previous critical market structure and have bounced beautifully from that previous critical market structure. FET fell 62% from its recent high and tested the previous critical market structure level of around 0.33 cents. As you can see FET performed magnificently and bounced from that critical market structure level meaning it is about to gear up for a major power play move to new ATHs ... possibly way beyond $10 in the next 1-2 months. You'll want to position before this occurs - stay tuned :) On the TA side, the RSI is at a very healthy level and rising with PLENTY of upside room - we are in the right place at the right time.
Long
by ich1baN
5
FET: Autonomous AI Economic Agents PT: $8.40This is perhaps one of the more hidden gems in the tech / blockchain space. If you don't know anything about FET yet, take some time to read about it here in their latest dev post: aea.dev Tyler Winklevoss has posted on TSLA using Autonomous Economic Agent frameworks in order to create a truly autonomous driving experience - there's a chance we see TSLA and FET teaming up in the future imo and even if not, FET has lots of headway from other major corporations - BOSCH is already a partner in this framework. FET is basically the new IOTA. IOTA attempted many of these ideals but failed to see the vision through. FET is actually the real deal backed by the most prestigious researchers and programmers. Top notch dev team.
Long
by ich1baN
10
I think you buy IBM and hold it for a decadeIBM dipped after its earnings report Friday and now sits at an important support level. While I'd love for it to dip to $110 or even $100 so I could place a larger buy order there, I have my doubts that it will dip that far. Dips have been hard to come by in this bull market. And while IBM had a disappointing quarter, executives forecasted that it will be back on track to sustainable revenue growth by the end of the year. For a technology stock, IBM is surprisingly inexpensive. I've currently got the stock's forward P/E at about 10.5, and forward P/S at about 1.4. Compare that to, say, Microsoft with a forward P/E over 30 and a forward P/S over 10. In addition to providing a good earnings yield, I forecast that IBM will yield 5.8% in dividends over the next year. Overall, I estimate that IBM has over 17% upside to its median price-to-value ratio of the last four years. The reason IBM is so cheap is that its EBITDA per share has been in a long, slow slide for the last ten years. For the last four years, EBITDA has shrunk over 1% per year. Sales growth over the last four years was barely positive, with a growth rate of 0.01%. However, I'm not convinced that these are the most relevant numbers. EBITDA is not a very good measure of profitability, and in fact its current popularity in the investment world is a bit worrisome. A better metric is IBM's free cash flow, which has grown about 0.5% per year over the last four years. And its dividend has grown about 1% per year. So personally I think the company has already turned a corner to the upside in terms of profitability. Plus, IBM has unusually good ESG ratings and generally positive market sentiment, with put/call ratios looking quite bullish and average analyst price target 15% above the current price. Most importantly, I think IBM has incredible potential as a technology leader. They've had more patents than any other company, by a wide margin, for 27 years running. They're averaging 82 patents per year per billion dollars of market cap, which means you're buying an incredible amount of cutting-edge technology for the price you pay. Of the companies I follow, the next best value in terms of patents-to-market-cap is HPE, with just 26 patents-per-year-per-billion. And IBM's patents are in potentially world-changing fields, like AI and quantum computing. This is by far the best value in the market for a Singularity technology play. And that, more than anything else, is why I think you buy IBM here and hold it for a decade. IBM has crossed into the lower half of its ten-year triangle and has fairly good risk-reward within the triangle from here. Assuming it eventually breaks out of the triangle to the upside, I'd expect it to eventually recapture its 2012 highs over $200 per share.
NYSE:IBMLong
by ChristopherCarrollSmith
14