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
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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...