Identifying Bitcoin Bottoms
I have been identifying trends using my newly coded indicator, “Time Series Long vs Short Volume (TSLSV) beta.”
The first three vertical lines are located at the lowest point of previous market dips.
The location of the last vertical line is what I am observing.
It does have a correlation to the last three previous dips in that the short volume is higher than the long, AND both are increasing at the same time.
This is not an occurrence that can be observed at any other point in time which indicates that it has uniquely identified the bottom of bitcoin 12.30% dips in the past.
Because of the absolute dominance that bitcoin 12.30% has in the cryptocurrency market, it is likely that a bottom in bitcoin 12.30% would translate to the bottom for other crypto coins.
Hopefully, this will trend will continue.
Happy Trading
Following the Bitcoin Trend – Go LONG
This pullback scales correctly against the preceding rally. While retail investors are scared out of their wits, many see this as a buying opportunity.
The main point is that this slump is within a reasonable volatility range for Bitcoin and should not be classified as a market crash.
XRP Retracement Complete – Go LONG
XRP has completed the retracement and is now sitting below what is considered FV.
Ethereum – Another Era
Technically speaking, based on trends and percentages, this is the road Ethereum 6.96% will take to $1690. Over/under trading may result in some slight deviation.
Monaco – A New Era
Monaco coin should move to ≈ 85$ within the next 50 days.
Many announcements are expected soon and the big money will move just before.
1. Key partnership announcement.
2. Global App release
3. MCO 2.73% Token lock-up.
We all know what happened to XRP during the announcement wave. It is coming soon for Monaco.
MCO 2.73% holders will be winners as the moves are almost always too quick to act on.
Enjoy the monetary gains.
Monaco: The Story So Far
MCO – Pinescript Trading Indicator
ASX:NCM Newcrest Mining (GOLD) Bullish Outlook
This company has a high Price to Earnings ratio (33.72) relative to the sector (15.18). However, this can be explained as the stock is very strong fundamentally.
Newcrest has a very low debt to equity ratio (26.7%) for the size of the company (17.498bn). We can compare this to ASX:ASL Ausdrill, another gold 0.45% company that closely tracks the global spot price ofgold 0.45% as both companies have a over 80% of revenue attributed to gold 0.45% .
Ausdrill has a debt to equity ratio of 61.7% and only a market capitalisation of 0.9bn, yet trades at a Price to Earnings ratio of 27.72.
If we were to value Newcrest based against these statistics alone, the Price to Earnings of Newcrest should be 37.42 which is 10.97% higher than the current ratio. This would allow the price to break up above the trend and continue on an upward trajectory.
This discovery is significant because Newcrest can comfortably retain more debt which can bring benefits such as acquisitions or new project ventures that add value to the company, or an increase in shareholder dividends that adds value to the shareholders and as a result, an increase in share price.
The dividend yield of Newcrest (0.7%) is relatively low for the size of the company, especially when comparing the figure to Ausdrill (1.6%). The dividend stability of Newcrest is negligibly higher compared to the difference in return value between the two.
This is just a brief observation and should not be considered trading advice. I also have a bullish outlook on the global spot price of Gold 0.45% which can be viewed in my related ideas below.
Monaco Coin – Ready for TAKE-OFF!
Monaco coin has been consolidating since early December. This coin has a very low market capitalisation and will likely experience the institutional pump very soon. The past few days has presented a “Crypto slump” where most cryptocurrencies have experienced some extreme corrections from all-time highs. The last 24 hours presented large-cap cryptocurrencies down 20% or more. Alternative cryptocurrencies across the board were affected, although Monaco coin weathered the storm relatively unscathed.
This coin has the potential to triple in value within the coming months.
Top rated trade.
Monaco (MCO) Coin Long Position to 45$+
Technically speaking, Monaco is primed for an influx of long volume .
I am bullish on this coin up to 60$.
These scripts require a Tradingview Pro account and can be found at https://www.kenzing.com
TENX Pay Buy
TENX has been long forgotten. This coin used to be just below XRP, NEM 1.11% , and XMR mid 2017. This coin has heaps of catching up to do.
I have just purchased around 5500 Pay tokens at this price. I am hoping to sell them anywhere over 10$ depending on momentum.
