LD4 Business

 It has been some time since I have published an article. My excuse is that apart from US debt ceiling discussions, not much has happened with US equities & cryptos.      Nonetheless, upon looking a second time at the chart of Bitcoin, I have realized how a classical textbook bullish signal might have been posted on the charts.  In fact, Bitcoin has, since its recent highs, slowly corrected down to exactly touching the 200 SMMA and carefully getting rejected at that level.  Not only is that a classical bullish move, but the fact that Bitcoin's price increased much after getting supported by the line is a possible indication that Bitcoin might be set to possibly rivisit or break through the recent highs of $30'500.  What I also like about this chart is that Bitcoin's price denied a head-and-shoulders formation that had been forming since March. A second possible indication that price might have been able to hold strong downward pressure from increas...

  Throwback to a short position on Crude that I had signaled to take back on April 19, which has hit the target (green line). Whoever took that position since I signaled it would have made a 8.86% gain.  Now I think that another crude oil position could be taken that follows the directives shown in the following image: green line (target) and red line (open position price)  If this position hit target,a nother 6.87% gain could be made. SL must be set according to your rsik appetite although I would place the SL at a more risky level as I think this position looks promising. 

  Since the Silicon Valley Bank Collapse, I had predicted that a flight of capital would ensue among small & regional banks throughout the United States into larger too-big-to-fail banks.  The banking sector is crumbling, reaching secular trend lows as investor sentiment decreases.  The following chart represents the monthly chart of the Nasdaq Bank Index. Current prices are reaching the trend lows that were last seen during the 2020 covid crash and the 2008 banking meltdown.  In other words, because some regional and other small banks are imploding, the whole banking sector is taking hits as the general investor pulls his capital out of banking stocks, including larger banks that might not be at risk of failure.  Recently, the failure of smaller banks, such as Pacwest Bancorp and Western Alliance Bancorporation, which are the banking stocks that took the greatest hits in yesterday's trading sessions.  The idea goes that these failing banks have insuffi...

  TOTAL PORTFOLIO VALUE: $6025 Due to the price of Bitcoin so far only consolidating after a large correction, I have decided to increase my stake in BTC after concluding that accumulating at these prices was worth it in the long-run.  I have already closed a position in Ripple that had turned slightly profitable to direct the funds into buying more Bitcoin. My plan is to close the small altcoin positions I have as they become profitable and invest the proceeds into Bitcoin.  This move will increase my stake in Bitcoin by nearly $430.  In turn, I am also devising a plan in which I would diversify my portfolio by gambling a small predetermined quantity of funds into buying many different meme coins. I would only invest money I am willing to lose into this initiative.  Nonetheless, I will publish a more detailed plan regarding this as I have more information. 

  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...