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BTC Logarithmic CurveTHEORY - I never understood why most students needed to learn what a Log was until I've studied a BTC chart. - A Log curve in simple term goes 0 to .99999999 - It never touches 1. It is infinite. Meaning it goes forever always getting closer to 1. - My assumption is that BTC will become stable one day. It may take many more halving's for that to happen. - With that being said, that's why BTC is an excellent investment opportunity in the year 2020. (Of course with a proper bottom entry) - Each halving comes a significant reduction of (RIO) Return On Investment. CHART - After many hours of studying this chart. I observed a pattern. BTC usually switches trends yearly on the macro level. - I base that theory on this chart. If historical evidence does in fact repeat then my theory analysis will be true. - I like to think of this chart of like playing darts w/ a blindfold on. It is a million dollar question. OPPOSING VIEW - Many say BTC is in a Wyckoff pattern. " Fill the gap" I tend to believe that Bitcoin will revolutionize the world the same way the internet has been able to. I will remain optimistic because I believe in the technology. Like & drop a comment on what you think will happen.
BNC:BLXLong
by AthenticWhale1
52
BTC/USD lets talkThe fact that BTC/USD is going up in the long term is pretty much established. So as an investor there is pretty much not anything to worry about, you just buy and hold and sell when you think Bitcoin has reached its matured established price. But we as traders it is a bit more difficult but here are my thoughts on what may happen.. PLEASE let me know what you think in the comments section below Bitcoin currently bullish but I think we might see some consolidation for sometime if the price does not breakthrough that ascending triangle formation which is a sign of a continuation in trend. My reasons for thinking this : 1) Bitcoin is in a uptrend 2)We have seen consolidations in the price in regular intervals.
COINBASE:BTCUSDLong
by Trade_with_H
GOLD SELLERS LINE IDENTIFIED - GC1! - DAILYThe general trend of the COMEX GOLD FUTURE is still valid as an uptrend as soon as it is above the blue slope support. The red line marks the most important line where the sellers won't let the market go above. The yellow metal have seen recently strong sellers push and have revealed an area (The red line) where the fight is going on between sellers and buyers. Going down further and passing the under pink rectangle zone would probably mark a strong validation of a declining price. We have seen in the past strong downtrends stretching and erasing all seller by squeezing them up, to then, return again above the blue up trending slope. So beware of any surprise. For the moment, we are observing this fight at the red line zone. It would probably better to look at the fight and jump on the spot with the winners. Possibility of easy trade and a profitable one. Hint: the volumes are a bit down since few days, probably it is a good idea to follow up on any significant increase of them...
COMEX:GC1!
by Diallo_Charts_Ideas
4
Bitcoin Buy the dip 10,400 and 9,100?Forgot I had a buy order at $10,400. Set the next one at 9,100. Entering in relatively small positions while respecting my rule of not letting crypto exceeding 10% of my investment portfolio and Bitcoin exceeding 5%. What's fascinating with this selloff with crypto was that it foresaw what happened in the US markets on the following day. I don't really know what to make of it but find it interesting. It has held up better than equities with this selloff. Stronger hands with bitcoin? Wall street finally accepting Bitcoin as an asset and allocating some in their portolfios could be a major catalyst for the BTC bull market. Supply is limited and shockingly not many investors can understand that in this world full of infinite money supply and abundance. What gives value? Adoption, utility or scarcity? Or a bit of everything? Even a mere 0.1% allocation in a 10BN fund is $10M USD of BTC. When it's that small of a portfolio, they may simply use it as a hedge and not even worry about short term price volatility which effectively puts a floor on the price. Heading into volatility and headwinds we've never seen before, even a small allocation in an uncorrected asset might be on many investor's minds. Also starting to see value investing groups pivot to learning about blockchain and crypto. Current bitcoin volumes dwarf in comparison to the ones from previous bull market. Still got a long way to go imo #cashlesssociety
BLong
by ashainp
Gold showing March20 patternThis look familiar, but the worst is yet to come. Donald Trump twits he tested positive covid-19 on 2nd Oct (Friday). Presidential election on 3rd Nov. The gold price is crashing and did not response as hedging assets against stocks at all as what all old man told us. This is weird, actually nothing is weird when gold is actually exist more in ETF or paper. Liquidation of paper will come first when stocks is in selling off. This results the spot price or future price of gold fall instead.
COMEX:GC1!
by silvermerlion
1
Future of learning and education with $CHGGTA -120EMA Support. High volume at $62 level. - Early May 2020 shows double the volume from the previous highest volume day= Institutional accumulation. Average volume 2.8M. May 5th volume : 38.5M - Distribution volume slowing down - RSI reversal - MACD golden cross - Strong relative strength FA, - Integrated platform = Chegg study+ Chegg Writing+ Chegg Math solver + Chegg tutors + High quality future proof skills based courses - Structural tailwind with e-learning/self-learning. - Yahoo finance Growth rate : 25%+. Simply wall street growth rate : 68% - FY15 to FY20 CAGR revenue 39% - Accelerating Earnings, revenues and margins in consecutive quarters(Almost Code 33) - Growing subscriber base= Network effect with more tutors and students - High growth and high margin. FCF positive - Good management Current subscribers of 3.9M with 29% YoY growth. Total opportunity at 102M subscribers - Baillie Gifford ownership : 11%. High quality fund ownership + Growing institutional ownership. #smartmoney Concerns, -Increased competition : Amazon, Khan Academy, Open study, Linkedin - Physical textbooks are a thing of the past. - Debt of 900M and interest coverage of 1.09. However, Cash is at 700M with a healthy current ratio of 8+ Added at $72.
NYSE:CHGGLong
by ashainp
2