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Bitcoin Technical Analysis Update (3 Charts)
The bitcoin price jumped about 6% higher over the weekend – ending the week at just under $28,000 a coin. This level is also about 13% above its September low of around $24,800. Here are 3 bitcoin charts I’m looking at right now to see if this move is sustainable.
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3 Things Every Crypto Investor Should Do Right Now
Crypto is incredibly dull right now, but this is not the time to get complacent. So, here 3 things every crypto investor should be doing.
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Supertrend Indicator: Good For Timing Bitcoin?
The supertrend indicator is touted as a top tool for spotting the trend of an investment. In this guide, you’ll learn what it is, how it works, and whether it’s any good for timing bitcoin’s moves.
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Is Solana A Good Investment? A Plain English Guide
Investing legend Peter Lynch once said: “Know what you own, and know why you own it”. So if you’re wondering if Solana is a good investment, this guide’s got you covered. First, we’ll focus on understanding what Solana is and how it works. We’ll then explore its potential long-term investment case. So, let’s jump in.
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Bitcoin’s Bullish Engulfing Candle (1 Point to the Bulls)
This chart shows the weekly price movements for Bitcoin since mid-August. As you can see, “Candle 2” (which ended last week Sunday) was the first green candle of the bunch. But more interestingly, it was a bullish engulfing candle.
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Keeping It Simple: Ethereum Ascending Triangle
When it comes to technical analysis, there’s a lot to be said about keeping things simple. And this Ethereum ascending triangle is about as simple as it gets for most crypto traders. It’s a weekly chart – meaning each red or green bar represents one week of price movement. This way, the chart cuts out the short-term noise to focus on the bigger trade.
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RNDR Token Guide: 5 Things Investors Should Know
RNDR token has been one of the top-performing cryptos of 2023 so far. So if you’re considering it as a potential long-term investment, this guide has 5 things you should know.
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Two Reasons To Sell Nvidia (And One Reason Not To…)
Unless you’ve been living under a rock, you’ll know that Nvidia’s been one the best investments of 2023 so far. The AI chip maker’s stock is up over 200% this year, and over 300% since it bottomed last October. But for the contrarian investor, there could be two reasons to sell Nvidia over the coming months (or at least, take some profits…).
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What To Do About The Bitcoin Drop
Bitcoin has dropped about 20% since July, when it was just under $32,000 a coin. But with the price now trading closer to $25,000, you might be asking yourself what to do. So here are three things to consider about the bitcoin drop.
First, A closer look at bitcoin’s technicals
Let’s break down bitcoin’s weekly chart. Each bar you see represents one week’s worth of price action. By looking at it this way, we can get a clearer view of bitcoin’s longer-term trend – minus the daily distractions.
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MVRV Z-Score Guide: Decoding Bitcoin’s Value
Want to know if Bitcoin is a good buy or too expensive? The MVRV Z-Score can help. It’s a useful indicator first developed by David Puell and Murad Muhmudov that uses info from Bitcoin’s public transactions on the blockchain to find its “fair value”. In this guide, we’ll learn what the MVRV Z-Score is, how it works, and how to use it to check if Bitcoin is currently a buy or not.
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An Investor’s Guide To Ethereum And Ether
Ethereum is the second biggest digital asset behind bitcoin – and for good reason. In this guide, I’ll explain what Ethereum is, how it works, and why ether (ETH) belongs in most crypto portfolios.
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A Bitcoin Head And Shoulders Pattern Is Forming…
There’s a bitcoin head and shoulders pattern forming. It’s a bearish technical pattern, and you can see it brewing on this chart. It first shows the left shoulder, where bitcoin peaked in late April at around $29,300. It then shows the head in the middle, where bitcoin topped at $31,000 in mid-April. And finally, there’s the right shoulder, where the price got to about $30,000 in late April before heading down to where it is now.
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Best Investment Books Of All Time: My Top 10 List
Benjamin Franklin said it best: “An investment in knowledge pays the best interest”. And whether you’re a seasoned pro or just starting out, reading the best investment books can pay big dividends later. So, I’ve put together a list of my top ten (in no particular order). Together, they cover everything from the basics to more advanced investing strategies. I’ve also included an interesting quote from each book that got me thinking. So without further ado, here’s the list!
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What The Failure of First Republic Bank Says About Bitcoin
First Republic Bank has failed. Its shares stopped trading before US markets opened on Monday after regulators seized the firm. It’s the second biggest regional bank failure in US history, and here’s what it says about bitcoin.
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Solana Has Reclaimed Its 200-Day Moving Average
If you’re looking for a decent risk-to-reward technical setup in the crypto market, Solana seems like as good a bet as any to me.
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Silver’s A Bargain, According To The Gold To Silver Ratio
Gold’s pretty much trading at all-time highs. Silver’s only halfway there. The gold to silver ratio says silver’s a bargain. Let’s dig in.
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Ray Dalio And The All Weather Way Of Investing
Ray Dalio founded Bridgewater Associates, one of the world’s biggest hedge funds with over $200 billion of assets under management. Bridgewater is famous for its All Weather Fund, which it built to weather any economic season. So let’s take a closer look at how Dalio invests, and how you could do something similar in your own portfolio through a basket of ETFs.
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Why It Does Not Pay To Sell In May
“Sell in May and go away” is a popular phrase in investing: the idea is to exit stocks in May and then buy them back in November. But even though that might work out sometimes, history suggests it isn’t the best strategy for building long-term wealth. Here’s why.
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They Don’t Call Them Growth Stocks For Nothing
If you’d invested $10,000 in the Invesco QQQ Trust ETF (QQQ, blue) ten years ago, you’d be sitting on just over $50,000 right now. QQQ tracks the Nasdaq 100 index, which currently has almost 50% in the high-growth US tech sector. But if you’d put that money in the iShares Russell 1000 Value ETF (IWD, yellow), you’d only have about half that. So over the past decade, value stocks have generally taken a back seat to growth stocks.
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Bitcoin Dominance Is Losing Steam. Altseason Coming?
Bitcoin’s reigned supreme this year and almost doubled in value since its November low. For the most part, it’s outpaced the rest of the crypto market – with altcoins generally lagging behind. But this bitcoin dominance chart suggests that could be changing. Is the king finally stepping back to let the knights and nobles catch up?
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An Investor’s Guide To Bitcoin
Bitcoin was the fastest investment in history to go from zero to $1 trillion in market value. And it did it without a CEO or board of well-paid executives steering the ship. So what exactly is Bitcoin and how does it work? We’ll break it down for you in this guide – and explain why you might want some in your investment portfolio.
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Bitcoin’s Having A Bollinger Band Squeeze: Big Move Ahead.
Yesterday bitcoin didn’t do much: it finished up just 0.02% from where it started. And over the past couple of weeks, it’s mostly hovered within a narrow 5% range. But this chart shows another Bollinger Band squeeze in the works (blue circle). And that suggests bitcoin’s next big move is coming soon.
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Bitcoin Will Have A Big Drop At Some Point. But At What Price Level?
Bitcoin is on a rally of epic proportions. But at some point, it’s going to pull back in a big way. The question is at what price level? This chart might offer some clues.
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Should You Ditch The 60:40 Portfolio For This Alternative?
The 60:40 portfolio is a popular strategy for investors who want a good tradeoff between risk and reward. But there’s probably a better one for that – and I’ll explain it in this post.
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Why Now Might Be The Time To Get Into Altcoins
Most digital assets haven’t kept up with bitcoin this year. But for contrarian crypto investors, now could be the time to spread your bets into a mix of stronger altcoins. Here’s why.
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Gold or Bitcoin, Which Is The Better Investment?
Gold or bitcoin? It’s a question you might ask yourself in this economic climate. One is a store of value from Ancient Babylonian times. The other is modern, digital, and mathematically programmed to get scarcer by the day. Both can’t be debased like fiat currencies. Gold bugs hoard gold. Bitcoiners HODL bitcoin. Both cost money to mine. Which is the better investment?
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Here’s What Ethereum’s Shanghai Upgrade Means For Ether
The folks over at Ethereum just announced it: the Shanghai upgrade is set for 22:27:35 UTC on April 12, 2023. It’s a big deal for the No.2 blockchain that could have big implications for the price of ether. So here’s what you need to know.
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A Rare Buy Signal Just Flashed For US Stocks
With so much economic uncertainty afoot, you might be wondering whether stocks can still go the distance this year. So I used ChatGPT-4 to help me program and backtest a long-term investment strategy in TradingView. And it’s just flashed a rare buy signal for US stocks.
