UnderstandingBitcoinPrice

UnderstandingBitcoinPrice

Bitcoin priced in ounces of gold shows a clear uptrend on the long term. Following previous cycle movement for a similar Fibonacci levels, would take us this cycle to around a 100 ounces of gold per bitcoin, which at current USD prices would be around 350.000 usd per bitcoin. Remember, fiat money is debt. Bitcoin and gold are hard and real money. Don't fall into...

UnderstandingBitcoinPrice

Touching long term resistance

UnderstandingBitcoinPrice

Should start a bull run after earnings. Invalidated if below LPOS

UnderstandingBitcoinPrice

FB is not fundamentally overvalued given growth rate and ecommerce increasing presence via instagram. The only bearish thing is the news that came yesterday, even if it is old news, maybe the perfect excuse for a sell off.

UnderstandingBitcoinPrice

Previously it consolidated the 20k, 35, and 47-50k. I think it will consolidate the 60k level the next two weeks.

UnderstandingBitcoinPrice

Chart explains everything. Would like to be challenged by short thesis. Take care.

UnderstandingBitcoinPrice

So I just picked previous blow off tops from the last two years: - 5 of these blow off tops correct around 8%-12% and held the 200 MA: 3 of those touched the moving average and bounced. 2 of them did not even touched the MA. - 2 of them corrected more than 20% and lost the MA. Therefore: - There is high probability of a 2%-3% correction at least...

UnderstandingBitcoinPrice

Everybody is bearish so I am going to put a contrarian view. I just took the current bull run and create a ghost pattern given that the first part of the bull run (55 days) is similar to the second one (fractal), by doing this I derived a potential scenario in which a $100,000 bitcoin is possible using the same fractal pattern.

UnderstandingBitcoinPrice

Can 10x in next bull market.

UnderstandingBitcoinPrice

In accumulation range. Can moon in the next few months.

UnderstandingBitcoinPrice

Fundamental analysis: - Revenue growing (~30% YoY) - Going into crypto: increase in revenue will not be substantial at the beginning but this open a whole new product and business line for Paypal that can grow both organically and through adquisitions (custodian services for crypto, allowing merchants to process payments in crypto easily and keep it in crypto). -...

UnderstandingBitcoinPrice

Forget about the noise, we are in a multiyear gold bull market. Few people realize how big this gold bull run can be: - No alternative assets as fixed income is yielding negative rates and central banks can not increase them or everything will fall apart. Just bitcoin could compete with gold but it is a much smaller market. - All countries have huge amount of...

UnderstandingBitcoinPrice Updated 

It is cheap and we will probably be range bounded until November elections with some spikes until 45-50, maybe even 60.

UnderstandingBitcoinPrice Updated 

My favourite asset so far. Macro context is very supportive for higher prices (money printing, political instability, health and economic crisis...) My only two doubts are how high it will go and how long it will take. My estimates are 1900 in August and potential pullback to 1750$ in September (in case we have a vaccine). On any pullback, load the truck.

UnderstandingBitcoinPrice Updated 

Seasonality will take prices to 45$ by the end of August. Expect pullback to 41$ by September for the same reason. US elections, COVID, and year end seasonality will take the price to 52$

UnderstandingBitcoinPrice Updated 

Very similar set up to that of 2008. X5 to 10x your money. Fundamentals look good. Wait for the gap to fill to start accumulating.

UnderstandingBitcoinPrice Updated 

My favourite stock at the moment. Likely to be hyped in the coming months as: - SPCE will get tge approvals for starting operations. - Richard Branson to the moon. - Potential announcement of different product lines and revenues from agreements with NASA and maybe Disney (new CEO is ex-Disney) Buy at 21$ pull back. First target 32$ --> achivable next week when...

UnderstandingBitcoinPrice Updated 

So it seems GDX bull market of 2020 could follow a similar path to that of 2009.