I have been identifying trends using my newly coded indicator, “Time Series Long vs Short (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 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.
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 has completed the retracement and is now sitting below what is considered FV.
Technically speaking, based on trends and percentages, this is the road Ethereum 6.96% will take to $1690. Over/under trading may result in some slight deviation.
Monaco coin should move to ≈ 85$ within the next 50 days.
Many announcements are expected soon and the big money will move just before.
Enjoy the monetary gains.
This company has a high Price to 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 ratio of 27.72.
If we were to value Newcrest based against these statistics alone, the Price to 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 outlook on the global spot price of Gold 0.45% which can be viewed in my related ideas below.
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.