The Ten Rules of Bitcoin Investing: No. 3
- Tom Lee's First 5 Bitcoin (Replay)
- The Ten Rules of Bitcoin Investing: No. 1
- The Ten Rules of Bitcoin Investing: No. 2
- The Ten Rules of Bitcoin Investing: No. 4
- The Ten Rules of Bitcoin Investing: No. 5
(FSInsight.com’s head of research Tom Lee revealed the first five of his ten rules of Bitcoin investing on April 23, 2020 and gave an updated outlook for the remainder of the year. The final five of ten rules will be published later this year. The webinar is available on the website and the following is a condensed version of his comments. This is the third in a series of 10 scheduled reports, one for each of his rules. Stay tuned for the next one.)
The Ten Rules of Bitcoin Investing: Rule No. 3
Rule #3: Buy Bitcoin when it is higher than the 200-day moving average
If you have read the first two parts of this series, you’d know that the U.S. is going to be very important in the continued development of Bitcoin and crypto currencies and that the Bitcoin Misery index is a proprietary FSI tool that has been a good way to evaluate how investors feel about Bitcoin’s price action.
Now, I’m going to describe the usefulness of Bitcoin’s 200-day moving average (dma), and the halvening, which took place May 11. Bitcoin could be back in a bull market soon and here’s w...Reports you may have missed
Over Friday and Saturday last week, Avalanche Labs put on their second edition of ‘Avalanche House’ in Brooklyn (with the first one in Berlin). The team attended Friday afternoon’s session as outlined below and shared the following notes and perspectives from the panelists. FIGURE: AVALANCHE HOUSE PANELIST SESSIONSTRATEGIC FUNDRAISING DURING A BEAR MARKET _Lydia Chiu (Ava Labs), Tom Schmidt (Dragonfly Capital), Nina Bambysheva (Forbes), Travis Scher (North Island Ventures)__ _The...
We are writing to update our clients on the events of this past weekend and highlight a few data points we will be keeping an eye on moving forward into the next couple of weeks. On Friday, December 3rd, over $2 billion in long positions across the global crypto market were liquidated, nearly $850 million of which were from BTC futures.Almost $500 billion in total market value was wiped from the...
As shown below, Bitcoin's forward performance is far stronger when it is trading above its 200D moving average: >200D, 6M forward return +193% <200D, 6M forward return +10% You get the picture, Bitcoin is a network effect/network value asset, and also apparently aided by price momentum. _STRATEGY: BUY BITCOIN OR BUY CRYPTO EQUITIES_ The associated action for Rule #3 is simple. - go long _WHY IS THIS...
Articles Read 1/1
🎁 Unlock 1 extra article by joining our Community!
You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.
Already have an account? Sign In e0e1b2-81c8f2-973f07-9c9740-2aa10d
Already have an account? Sign In e0e1b2-81c8f2-973f07-9c9740-2aa10d
