LD4 Business

  The price of Bitcoin has beeen falling lately, with yesterday's price falling by a little more than 5%.  The following chart shows three of the closest support levels that may support the price of the coin if it keeps falling.  Support Levels 1) The blue area represents the price between a 28.3 to 28.8k area: a multi-weekly rising trendline and a 38% Fibonacci level converge at around that point, so the price might encounter some bullish resistance at around that area.  2) 200 SMMA: Long-term averages always act like strong support or resistances although this time it will act a strong support at around the 25.8k level if the first support level is broken.  3) The read area represents the price between 24.6 and 25k area: This is the last area of support before the price of Bitcoin turns for the start of a continuation of a bear period, which is yet unclear where it could bring the price of Bitcoin.  Although it is difficult to see the value of your portf...

  Crude oil has recently been in a bull-run fueled by OPEC deciding to cut production by 1.2 million barrells per day. Nonetheless, I believe the current price of oil is unsustainable and we will soon see a reversal to the downside with a bear continuation, mainly due to technical analysis reasons.  The following chart shows the daily price action of crude oil.  As you can see, the price was not able to hold above the 200 SMMA and was rejected to the downside. This is a major bearish signal as the price falls below the long term average and continues its downtrend.  According to technical analysis tenets, if today's price were to close below the 80.50 level (red line), the short position on oil would be confirmed with a take profit at the green line (73.14 level). If the price did not close below the 80.50 level, the short position would not be confirmed.  For a safer position, oil could be shorted to fill the gap at 75.80 if the trader did not want to run as mu...

  In recent years, Iceland has emerged as one of the most stable Bitcoin mining jurisdictions in the world. This is due to a number of factors, including the country's abundant renewable energy resources, favorable regulatory environment, and strong infrastructure. One of the key reasons why Iceland has become a hotbed for Bitcoin mining is its abundant supply of renewable energy. The country is home to a number of geothermal power plants and hydroelectric dams, which generate electricity at very low costs. This makes Iceland an attractive destination for Bitcoin miners, who require a lot of energy to run their mining rigs. Another important factor contributing to Iceland's success as a Bitcoin mining jurisdiction is its favorable regulatory environment. The Icelandic government has been very supportive of the blockchain industry, recognizing the potential economic benefits it can bring to the country. This has led to the development of a regulatory framework that is both suppo...

 We are finally seeing some movement in crypto today and I have made a short-term prediciton for the price of Bitcoin here: https://ld4trends.blogspot.com/2023/04/what-price-is-bitcoin-signaling-in.html I have also decided to change my portfolio allocation, locking in my profits in Ethereum and reinvesting all Ethereum funds into Bitcoin, while still holding small positions in alt-coins.  2 Reasons why I decided to Allocate my Entire Portfolio towards Bitcoin 1) Highest Risk-To-Reward Ratio Crypto of the year Bitcoin has so far demonstrated to be one of the best-performing cryptos of the year, with a YTD return of 75%. In comparison, Ethereum, the second largest crypto by market cap, has underperformed at 57%. Now, this begs the question, why would an investor decide to hold a less well-known crypto that is unable to outperform a less risky investment? That is why I decided to reallocate my Ethereum positions to include mainly Bitcoin. Yes, of course the crypto market has...

 The best Bitcoin Strategy for substantial long-term gains is, as with the majority of assets, to accumulate with the long-term in mind. In fact, one should now be accumulating Bitcoin if he believes in the power of the asset and the possible price increase that could come post-halving as well as the hedging qualities of the crypto through the banking turmoil.  It is my opinion, that traders should currently refrain from trading Bitcoin, not only because long-term returns on Bitcoin can be more rewarding but also because current market conditions do not point at a short-term rewarding trade.  Following is the daily chart of Bitcoin: Recent technial analysis shows that Bitcoin is facing a supply zone on the 28.6 to 30k and a support zone through an increasing trendline that is forming a bullish flag on the daily chart.  Bull flags not only point the direction in which Bitcoin could be moving (bullish in this case) but also help us manage a price target. For examp...