JamesRennie

JamesRennie Updated 

Starting first looking at what the company is doing. AI The buzz word of most news headlines. $200 Million Investment: FPT has committed to a landmark $200 million investment to build an AI Factory in partnership with global chip giant NVIDIA. The goal is to create a complete ecosystem for AI development, offering not just the raw computing power (GPU...

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Bitcoin as a store of value is not a new idea. I've been on this road a long time and my old posts are just timestamps of that. Currently price is sitting on the Dec/Jan highs. It appears that which was resistance before could become support now. The fact that the market reacts very fast to small market dips with fear seems like a good sign to me. ...

JamesRennie

It's Friday and today's post is of less serious nature. Sometimes it's good to have a little fun and get back to very serious posts next week. Gold and Silver often are part of the same conversation. It makes sense Silver and Gold price data have a correlation coefficient of approximately 0.80 over the past 20 years. I mean they are like to inseparable friends...

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--- ### 🇻🇳 Vin Group (VIC): An On-the-Ground Perspective from Vietnam 📈 After first visiting Vietnam in 2022, it became clear Vin Group is doing a lot of interesting things in Vietnam. To me, Vin Group seemed like an obvious thing to get exposure to a lot of the growth in Vietnam. * **Accessibility Note:** HOSE:VIC is not easily available outside Vietnam,...

JamesRennie

The Race to $25 Trillion: Why M2 Money Supply is My Key Market Indicator In what seems like a relentless march, the US M2 money supply is closing in on the $25 trillion mark. While many focus on daily market noise, I believe this high-level metric is one of the most critical indicators for understanding the long-term picture for asset prices and currency...

JamesRennie

BTC.D: A Long-Term Weekly Analysis of Bitcoin Dominance This post is about the overall long-term trend of BTC.D, not the day-to-day action. All analysis is based on the weekly timeframe. Fundamental Catalysts for a Trend Change A significant downturn in Bitcoin Dominance would likely be preceded by a combination of these factors: US Rate Cuts: An increase in...

JamesRennie

Trading the DXY increase in 2022 was my best trade of that year. Specifically on the USD/CAD pair not the whole index. Options worked great for this. I had call options on USX not the company. It's Options on the US Dollar (USX) on the TMX exchange in Montreal Canada. To gain exposure to a rising dollar, or to hedge existing positions, call options on USX...

JamesRennie

Virtuals Genesis Launches is one of the most interesting things I have seen in a long time. The Virgen points system is really well done. Allowing projects to both raise the starting capital they want as well as getting a lot of smaller holders that can be early users/promoters. All the attention Virtuals got previously was from the Prototype Agents setup. ...

JamesRennie

Cookie is a very interesting application. Like Coingecko for AI Crypto projects. I am seeing other platforms build their insights into their websites. A change in regulatory environment has allowed AI projects to come out in a way that has not been seen since ICO era. What has changed is it become viable to publicly fund projects again without fear of...

JamesRennie

To first look at Ray we can start with RAYUSDT and move to RAYSOL and RAY BTC. RAY is not sitting below all of the moving averages. Not an ideal position. So far MACD cross down does not mean much as the week has not ended yet. Ideally to stay bullish it need to end the week not crossed down. Stoch RSI cross down Below 0.015 there is elevated...

JamesRennie

I am definitely admittedly late to the party with Solana. Though I was very correct about the ride down to $8 and did not own any Solana for that. I was also wrong about The Return of Solana. During the ride down from ~$300 to ~$100 I was able to get some Solana. Though most of it is liquid staked Solana now. As seen in the image I think currently...

JamesRennie

Don't bother looking at BINANCE:ETHUSD if your not going to compare ETH to BTC also. So as you can see we now need to break above 0.02623. ETH must make sense from a risk reward perspective compared to BTC. Up till now that's not really been the case. ETH is the only asset other then Bitcoin many people have heard of. Many people are think how I know...

JamesRennie

BTC.D just broke up from a double bottom on the daily chart. On the weekly chart it needs to pass 42.21% Now above 20 weekly MA. RSI has not been overbought for a long time. Looking for that to happen again. MACD Is looking like it will move up now. s3.tradingview.com s3.tradingview.com s3.tradingview.com s3.tradingview.com

JamesRennie

I have labeled support and resistance areas on this monthly chart. BTC.D has been sideways for over a year now between the same to %. I will break out one way or the other. This post is less about direction and more about comparing the difference in return on a move either way.

JamesRennie

For months I have followed the dollar index and USDCAD. Though I did not directly trade dollar index it was a signal for both USDCAD and all other markets. Some of my views to consider Most global debt is in USD Interest rate increases can be seen as sell pressure to where most debt is concentrated Forced selling It does not matter how much you...

JamesRennie

ETH/BTC is sitting on support. A break below here will be a good signal of trend reversal. It will be important to see what happens next and Oscillators indicate it's likely support is broken.

JamesRennie

For around 1 year I followed the RSI and MACD divergence with expectation of a reversal. Last week was the first weekly close at a higher high. As you can see on the daily chart I labeled we have a bottom, a high, a low and a higher high. Betting against this now would mean betting against the trend with no indication of a reversal. To be clear indicators I...

JamesRennie

In 2021 I wrote about bottom for BTC.D since then effectively the same bottom has held. Can this this be the turn around? For months there has been a push away from Bitcoin in sentiment. It's old, slow, etc.. whatever reasons that get stated. Reality is it's still seeing adoption. So all it takes is a price crash in alts and narrative changes to how they were...