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Bitcoin went full-on parabolic & watch price move even higher...Bitcoin has been the best performing asset of the year, and is certainly challenging the hegemonic order of global finance. What a blessing to be in this bull market guys! When compared against all legacy financial markets such as Gold , Spiders, Diamonds and the Q's it has outran them all. We are talking about a stunning year-to-date gain of 148%! Here are some key concepts to consider: • Institutional Adoption - MicroStrategy , Square, PayPal (4% of the total supply of bitcoins now reside on corporate balance sheets) • Paypal and Square treating clients like a bucket shop holding the actual asset for them and only enabling clients to hold. Again good for the price as supply is trimmed down as price bids up. • CME Group advised open interest on Bitcoin derivatives has reached its highest level ever • Whales will accumulate the underlying asset to "control/manipulate/influence" the price as a few % points will enable them to make the derivatives market & kick the price around • Retail all at this point sitting in profitable positions encouraging "hodl" culture • Viewpoint evolving from retail "median of exchange" to institutional store for wealth or engine of wealth as the derivative market becomes popularized • According to Forbes "60% of the available supply of bitcoin has not moved in the last year and over 40% has not moved in the last two years." • Bitcoin flooding out of exchanges at the most rapid rate of its history indicating this is camping in long-term wallets • Google keyword volume for Bitcoin is only 10% of its peak (2017 runup) indicating retail is not driving the relentless volume • Technicals are all incredibly bullish - moving averages are all pointing straight up at a very steep angle • Seeing comments on how the RSI is indicating oversold - it is worth touting that oversold conditions can continue on for a very long time • Macro environment of central banks easing and pushing for higher inflation targets makes this financial product an outlier as it is engineered to increase in value and not inflate away • The U.S. Dollar Index is down 0.25% Tuesday and continues to be in the doldrums versus a basket of other fiat currencies. • Articles speculating into the future (after firmer regulation) that Fidelity/ Blackrock /Vanguard some massive player will introduce a low fee passive ETF fund which will require a huge amount of the underlying asset for the fund creation. Similar thought process of why the TSLA price runup with their inclusion into the S&P 500 - forced institutional buyers as they balance out the passive spider funds • Adoption and regulation of BTC coming however the SEC is already offering clarity (links below) • Gary Gensler (Former chairman of CFTC) was tapped to lead Biden's financial policy transition team concluded "that XRP and ether should be regulated as securities." • Fun idea here, but I have seen so much grumbling from gold bugs on how gold is a greater store of wealth. I likewise am a goldbug and continue to accumulate gold as well - worth stating though what happens in a generation from now when we final visit the last frontier and become a space faring race and start mining asteroids? Supply of gold in the future may be remarkably more prevalent than we could possibly imagine. Am I one of those calling for $100k in price? Well let's target 19k first bulls. Sources www.forbes.com www.forbes.com www.forbes.com www.forbes.com www.coindesk.com www.theblockcrypto.com www.forbes.com www.coindesk.com
BITSTAMP:BTCUSDLong
by ZenMode
WATCH OUT FOR THIS TRAP ON BITCOIN!!Drop a like if this helps you out, its free! :) Bitcoin seems to be in a very interesting spot. With all the bullishness going around (I am bullish long term as well) I thought I would bring another side to bring some objectivity to the table. On the daily time frame bitcoin looks like its momentum is waning. As price continues to rise up past 14000 the volume and RSI is declining while forming a particular bearish chart formation (A ascending broadening wedge) If you zoom out on the weekly you will also notice some quite strong divergences being formed. NOW I am not saying bitcoin it going to 0 tomorrow. NO What I am saying is that watch out for a potential short squeeze maybe even as high as $16 000 but I do believe that at some point Bitcoin is going to bump its head and make its way south
BYBIT:BTCUSD.P
by BitcornBen
2
BItcoin Analysis ☆☆☆ Bitcoin ANYLYSIS ☆☆☆ If Btc Failed To Hold This Support Zone 12920 - 12950, We Can See Btc At Those Lower Support Zone Below Shared... 1️⃣ Support Zone 👉 12788 2️⃣ Support Zone 👉 12630 3️⃣ Support Zone 👉 12490 Otherwise If Btc Hold This Support Zone 12920 - 12950 & Successfully Break Resistance Zone 13156 - 13185. We Will See Btc Near At 14100. ✌ Hit The Like Button & Appreciate My Hard work ✌ ⚠️ CHECK YOUR OWN ANYLYSIS
BITSTAMP:BTCUSD
by CryptoLearnersBd
DIVERSIFICATION IN TRADING|PART 2:SIGNALS VS ACCOUNT MANAGEMENTDiversification part 2: Signals and account management What are they, and how are they different? PART ABOUT SIGNALS Well, signal service is when a professional trader sends you recommendations as to what trades to enter with stop loss and take profit. But YOU decide whether to enter the trade or not. The signal provider typically charges a monthly fee, that depends on his popularity and sales strategy So you pay the same amount whether your account is 5000 dollars or 5 million dollars, so the signals are cheaper. However, you need to be always on alert, and be prepared to make a trade at any time, as the price moves fast, so you can miss the opportunity. Having mobile apps from brokers makes this task much easier these days. Many people ask themselves, why would a successful trader sell signals at all? Aren’t they all in Goldman Sachs? Don’t they all trade 10 million dollars accounts that they made in 10 years of trading? Well, no. To know why you need to understand, that even the best traders have bad weeks or even months. We are all humans, so being sick or sad, or having the current market is such that it does not fit your strategy affects your results massively. There are hundreds of reasons, but the fact remains: there are times at which all traders loose money. Whoever tells you differently is lying. And traders eat what they kill, so a loosing month means they don’t get to eat anything. That affects the mood, and there is a higher chance to make loosing trades in future. Selling signals helps to balance this equation, as the stream of signal subscriptions keep coming even if you lost money this month. So this way, the trader patches a hole in his otherwise good life, having a small but stable income, which helps him better deal with losses on the market, which ends up making his trading better, as it keeps his mood more stable. So even the best traders sell signals! But don’t they re-invest their profits and quickly end up trading a 10 million dollar account? Well, some do, some don’t. It is the same diversification story. No matter how good you are, you will not have all your money tied up in your account. After all, you might get sick, or go crazy(literally). Also, there is a thing called psychological threshold. It is different for everyone, but there is a certain risk per trade, in dollar terms, that the trader just can’t handle anymore. Can you make a trade with your own money risking 50.000 Dollars at once? Even if you have a 10 million dollar account? Some can, others-can’t. It does not mean that if he can’t-he is a bad trader. No, It just means that he knows his limits, which is good. And so after they’ve reached a limit- they seek other ways to increase their income. These are teaching, account management and signal services. The account management will be in the next article! Stay Tuned! P.S:Read part 1 in the link below!
COINBASE:BTCUSDLong
by ProSignalsFx
8
SPY (S&p 500 Index) Trying to Hone in on Fair Value?I was playing around with pitchforks on the weekly timeframe for SPY and noticed that the uptrend slope (as determined by the slope of the pitchfork median line) has consistently decreased: from 47 degrees in the "internet bubble" bull market of the 90's, to 33 degrees in the recovery (leading up to the 2007 financial crisis), to 28 degrees in this latest bull run up from the aforementioned recession. There is a strong power relationship between these three data points, with an R-squared value of 0.9966 (and, yes, I do understand that this is a ridiculously small sample size), suggesting that the next bull run (after the next recession...that might have already happened?) will produce a trendline slope of around 24 degrees. Now, the actual value of these slopes will change, depending on how far in or out you zoom into the chart (which explains why the values are different on the chart that I've uploaded), but they will always change proportionately to maintain a consistent difference in value, such that the R-squared value and, therefore, the value determined by the equation will still be valid. One way to interpret this (and I'm in no way suggesting that it is the most accurate way) is that it's slowly honing in on a fair "future market" value, wherein the slope will eventually be near zero, at which point the fair value will have been determined, the formation of market bubbles will have virtually been eliminated, and the price volatility will be virtually non-existent. Of course, it's a bit foolish to think that three data points will accurately project out decades and centuries into the future, regardless of how neatly they fit into a mathematical equation. It may, however, be a useful bit of insight into the next market cycle, whenever that happens to take place (might have already started?). The power equation that I've applied here is: f(x) = 46.697x^-0.476 where x = the number of market cycles since before the "internet bubble" market cycle (internet bubble = x = 1; recovery from internet bubble pop = x = 2; etc)
AMEX:SPY
by JamesBrown