Bitcoin Outperformed All Currencies in 2016, to Pass $800 ...

Bitcoin Price Chart from 2016 (Bitcoin for Dummies) - I love looking back at this from time to time and thinking about how everyone was wondering if it'd ever eclipse $1,000 again after doing so toward the end of 2013. (x-post from /r/Cryptocurrency)

Bitcoin Price Chart from 2016 (Bitcoin for Dummies) - I love looking back at this from time to time and thinking about how everyone was wondering if it'd ever eclipse $1,000 again after doing so toward the end of 2013. (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin 100K $ price prediction chart (Mar 2016)
What do you think?
submitted by mughat to BitcoinMarkets [link] [comments]

Are you or ? RSI on BTC day chart is at its lowest since 2016 indicating price is likely to go up. BTC has tested 6k support line a few times and bounced back. Will it do this again? While Hodling has worked for many traders, the key to make money is BTFD. Who is buying in this dip? /r/Bitcoin

Are you or ? RSI on BTC day chart is at its lowest since 2016 indicating price is likely to go up. BTC has tested 6k support line a few times and bounced back. Will it do this again? While Hodling has worked for many traders, the key to make money is BTFD. Who is buying in this dip? /Bitcoin submitted by SimilarAdvantage to BitcoinAll [link] [comments]

[Daily Discussion] Sunday, October 11th

Welcome to the /xmrtrader daily discussion thread!
Thread topics include, but are not limited to:
Thread Guidelines
submitted by AutoModerator to xmrtrader [link] [comments]

What Could Shape the Bitcoin Price Chart in 2016?

What Could Shape the Bitcoin Price Chart in 2016? submitted by Danbelte to Bitcoin [link] [comments]

Daily chart of Bitcoin price vs top Reddit posts. Each data point has a link to the top posts from /r/btc+bitcoin for that day. Source code and demo included (Jan-1-2016 - Feb-17-2016). /r/btc

Daily chart of Bitcoin price vs top Reddit posts. Each data point has a link to the top posts from /btc+bitcoin for that day. Source code and demo included (Jan-1-2016 - Feb-17-2016). /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What Could Shape the Bitcoin Price Chart in 2016?

What Could Shape the Bitcoin Price Chart in 2016? submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin hash rate hits an all-time high again

Bitcoin hash rate hits an all-time high again submitted by Miladran to Bitcoin [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins? and are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs, Coinbills, Piixpay,, Bylls,, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar,, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

Some Bitcoin Analysts and Prediction Today and Yesterday & Why "It's not the Price, Dummy"

This is just for fun, I generally have no strong feelings toward bitcoin price (I'm just fundamentally against zero-sum get rich schemes). But today I decided to do a little bitcoin search in and see what today's bulls were predicting in 2018. Side note, almost all of the news articles came from crypto sites. I tried my best to stay away from them. Farming magazine telling you agriculture is the future isn't exactly shocking.
To people who invest, please don't consider this as a prediction that price will fall. I'm not astute or smart enough to predict either way. The only possible use is to make sure you are more skeptic regarding predictions. Keep in mind, a rich CEO or consultant can lose 100 million and not really affect his life that much, but a 10k or 100k lose for some people can be devastating. And remember, some of these rich hedge managers don't believe their own bullshit, and hopefully, some of these quotes will emulate that.
(Note, I won't waste time linking them all, but by quoting them directly, it should be easy to google)
(another side note, I didn't purposely search out specific names. I went by the first names I came across, and only ignoring those that I couldn't find anything regarding crypto in past years)

Mike Novogratz

Present: Business Inside: Bitcoin is like 'digital gold' and won't be used the same as a traditional currency in at least 5 years, billionaire investor Mike Novogratz says
Past: On Nov, 2017, he said: "Bitcoin could ‘easily’ reach $40,000 by the end of 2018, hedge fund legend Novogratz says"
2018: "Michael Novogratz calls a bottom in cryptocurrencies" (it wasn't)
Novogratz started a crypto funding in 2018. First 9 months "Mike Novogratz’s Crypto Trading Desk Lost $136 Million in Nine Months" (Bloomberg). Quarter 4: "Galaxy Digital Posts $32.9 Million in Net Loss for Q4 2019". Feb 2020 "Mike Novogratz’s Galaxy Digital Slashes 15% Staff"

Raoul Pal

Present: "For Raoul Pal, CEO of Real Vision, the bullish atmosphere had been reinforced, and further gains were more likely than ever.
“There are literally only two resistances left on the #bitcoin chart - 14,000 and then the old all-time high at 20,000,” he tweeted."
In a tweet today, he said, "Bitcoin is eating the world...
It has become a supermassive black hole that is sucking in everything around it and destroying it. This narrative is only going to grow over the next 18 months.
You see, gold is breaking down versus bitcoin...and gold investors will flip to BTC"
Past: 2014: "Put them in the same kind of equation we get a value of bitcoin and that value is a million dollars. Now, you'll never hear an analyst say this—but I don't mind this—I could be wrong by 90%, and it's still worth $100,000." (to be honest, that's a bit of an impressive prediction in 2014)
On the other hand, he probably didn't really believe his own prediction because in June, 2017 (when it was 2000 USD or so), he said: " “This is the most exponential move we have seen. I don’t know how far it goes, but I sold out last week… and I’ve [owned Bitcoin] since it was $200. Anything that moves exponentially, always [blows up].”"
In 2016, "This view brings Pal to the asset he favors most over the next year out of bonds, equities, currencies and commodities: the dollar."


Eh, that was just two. I was hoping to mention several people, but it appears not many people are actually making predictions anymore, and anyone mentioned are basically not big people so I couldn't find much on them regarding bitcoin before 2019.
So, the main thing I like to highlight are the analysts and such are going to make money whatever happens. Fund managers are playing with people's money and, as long as they are not involved in frauds, there is no real harm to them against wrong predictions. Generally, successful business people are successful because they were loud, confident, and were able to convince others that they had the right idea. Even when wrong, they bounce back. Most of us aren't like that.
Some bitcoiners come here to boast when price goes up, as if the increase in price is an indication that argument against bitcoin has been proven wrong. While some people here are fanatically anti-bitcoin, I am not one of those. I have nothing against people making money (why would I be upset that people I don't know around the world became wealthier??). But since bitcoin investing is by design a zero sum game, certain people will eventually lose, and it is most likely it is the people who were listening to predictions by experts that would ultimately be financially hurt, and not the experts making the predictions.
Crypto investing has been a platform where the average person works hard in his day to day life, and then brings the fruits of his labor into this field. The actual productive part of that person's life is the one outside crypto, where they had been productive for the community, and in exchange, they receive wages. Crypto investing's promise is for this wage to increase without the actual productivity. The concern is mainly that the result of all that labor will be misused by crypto "experts" who's own income (their labor) is directly linked to predictions on crypto.
The above paragraph is badly explained, but the main point is that the average person brings in outside money they worked hard for, while "experts" there is generally no outside money, crypto fund management or consulting itself is their job.
Money can be made, of course, but money being made isn't necessarily an argument for something. Bitcoin, and crypto, has for the past 1.5 decades still largely just about numbers going up. Google trend on "bitcoin" show top related queries being "bitcoin price", "bitcoin usd", "bitcoin usd price". When people come here when it hits a particular arbitrary price point thinking it's their gotcha moment, it actually just reinforces my argument that it is only about the price. Nothing in the history of human economy has ever lasted based only on the economic model of who you could resell it for at a higher price.
Even DeFi's smart contracts (as much as I could understand it) is about prices going up. It's like for these people the concept of contracts are based purely on money exchanging hands, and no actual task being done. Almost all contracts globally are based on specific productive tasks being done, such as employee contract, supplier contract, property contract, and so on. Only a tiny amount of it is based on "if this currency goes up, then give me that currency" contracts.
submitted by madali0 to Buttcoin [link] [comments]

Two data points. Bitcoin price 6 months post-2016 halving vs. Bitcoin price 6 months post-2020 halving.

Disclaimer: I am not a financial advisor, please do your own research.

Graph 1: 2016 post-BTC-halving price performance graph Graph 2: 2020 post-BTC-halving price Performance graph
Disclaimer 2: These are two imperfect data points, you could even argue and say "cherry picked" data (since we are not technically six months post-halving for Bitcoin yet, that day comes on november 11th). I just thought it would be fun to discuss this as I took two random screenshots of bitcoin's price performance on coingecko.
Graph 1 highlights: Day 1 price: $638.32 BTC. Lowest price on that graph: $517.13 BTC. Highest price on that graph: $1130.85. Final price on the graph: $894.03. (roughly 40% increase)
Graph 2 highlights: Day 1 price: $8752.62 BTC. Highest price: today's price. Lowest price: $8604.75 (May 12th 2020) Today's price: $13,106.05 (roughly 49.75% increase).
"History doesn't repeat itself, but the charts do rhyme."
submitted by sgtslaughterTV to CryptoCurrency [link] [comments]

A Physicist's Bitcoin Trading Strategy. No leverage, no going short, just spot trading. Total cumulative outperformance 2011-2020: 13,000,000%.
3. Backtest Results
Backtest results demonstrate significant outperformance over buy-and-hold . The default parameters of the strategy/indicator have been set by the author to achieve maximum (or, close to maximum) outperformance on backtests executed on the BTCUSD ( Bitcoin ) chart. However, significant outperformance over buy-and-hold is still easily achievable using non-default parameters. Basically, as long as the parameters are set to adequately capture the full character of the market, significant outperformance on backtests is achievable and is quite easy. In fact, after some experimentation, it seems as if underperformance hardly achievable and requires deliberately setting the parameters illogically (e.g. setting one parameter of the slow indicator faster than the fast indicator). In the interest of providing a quality product to the user, suggestions and guidelines for parameter settings are provided in section (6). Finally, some metrics of the strategy's outperformance on the BTCUSD chart are listed below, both for the default (optimal) parameters as well as for a random sample of parameter settings that adhere to the guidelines set forth in section (6).
Using the default parameters, relative to buy-and-hold strategy, backtested from August 2011 to August 2020,
Using the default parameters, relative to buy-and-hold strategy, during specific periods,
Using a random sample (n=20) of combinations of parameter settings that adhere to the guidelines outlined in section (6), relative to buy-and-hold strategy, backtested from August 2011 to August 2020,
EDIT (because apparently not everybody bothers to read the strategy's description):
7. General Remarks About the Indicator
Other than some exponential moving averages, no traditional technical indicators or technical analysis tools are employed in this strategy. No MACD , no RSI , no CMF , no Bollinger bands , parabolic SARs, Ichimoku clouds , hoosawatsits, XYZs, ABCs, whatarethese. No tea leaves can be found in this strategy, only mathematics. It is in the nature of the underlying math formula, from which the indicator is produced, to quickly identify trend changes.
8. Remarks About Expectations of Future Results and About Backtesting
8.1. In General As it's been stated in many prospectuses and marketing literature, "past performance is no guarantee of future results." Backtest results are retrospective, and hindsight is 20/20. Therefore, no guarantee can, nor should, be expressed by me or anybody else who is selling a financial product (unless you have a money printer, like the Federal Reserve does).
8.2. Regarding This Strategy No guarantee of future results using this strategy is expressed by the author, not now nor at any time in the future.
With that written, the author is free to express his own expectations and opinions based on his intimate knowledge of how the indicator works, and the author will take that liberty by writing the following: As described in section (7), this trading strategy does not include any traditional technical indicators or TA tools (other than smoothing EMAs). Instead, this strategy is based on a principle that does not change, it employs a complex indicator that is based on a math formula that does not change, and it places trades based on five simple rules that do not change. And, as described in section (2.1), the indicator is designed to capture the full character of the market, from a macro/global scope down to a micro/local scope. Additionally, as described in section (3), outperformance of the market for which this strategy was intended during backtesting does not depend on luckily setting the parameters "just right." In fact, all random combinations of parameter settings that followed the guidelines outperformed the intended market in backtests. Additionally, no parameters are included within the underlying math formula from which the indicator is produced; it is not as if the formula contains a "5" and future outperformance would depend on that "5" being a "6" instead. And, again as described, it is in the nature of the formula to quickly identify trend changes. Therefore, it is the opinion of the author that the outperformance of this strategy in backtesting is directly attributable to the fundamental nature of the math formula from which the indicator is produced. As such, it is also the opinion of the author that continued outperformance by using this strategy, applied to the crypto ( Bitcoin ) market, is likely, given that the parameter settings are set reasonably and in accordance with the guidelines. The author does not, however, expect future outperformance of this strategy to match or exceed the outperformance observed in backtests using the default parameters, i.e. it probably won't outperform by anything close to 13,000,000% during the next 9 years.
Additionally, based on the rolling 1-month outperformance data listed in section (3), expectations of short-term outperformance should be kept low; the median 1-month outperformance was -2%, so it's basically a 50/50 chance that any significant outperformance is seen in any given month. The true strength of this strategy is to be out of the market during large, sharp declines and capitalizing on the opportunities presented at the bottom of those declines by buying the dip. Given that such price action does not happen every month, outperformance in the initial months of use is approximately as likely as underperformance.
submitted by anon2414691 to BitcoinMarkets [link] [comments]

Prepping for a Financial crisis / hyperinflation.

So what can we do about it? Any ideas are welcome.
It has a lot of "what if's"... It depends how tax and law play out with it.Historically speaking:
  1. -I stock bulk diesel for my cars while following historical averages to buy cheap.
  2. -Rotating food stock
  3. -Extra maintenance items, including the big things like a roof on your home if its coming time. Not joking I have a spare water heater and backup heating options, along with minor parts and filters to fix them. Same with cars and engines, (spark plugs, filters (all different filters), oil, cheap sensors that usually go bad and are only 4-10$ each, 1-2 extra alternator per vehicle, belts, mowing belts, bearings, grease, ... and I've literally had to use everything on that list and reorder.)
  1. -Security, Locks, Alarms, Cameras, people steal.
  2. A deep freezer for instance can stock food you use and buy on sale.
  3. Solar energy and solar heating supplements energy you use anyways
  4. Rainwater can be collected and used rather than buying from a source.
  5. A cooking gadget vs eating out.
  6. Tools and learning to fix things vs hire.
  7. House insulation.-Better insulative windows, and sealing.
  8. Geo-Thermal
  9. Gardening
  10. Bidet on toilet (lol serious though...)
  11. Backup power
  12. Your education can be a huge one, not just for prepping but also in your work.
  13. Things that prevent rot, fire, flood / humidity, or failure. Humidity is a silent killer to many preps. (water sump pumps, dehumidifiers, leak prevention, fire extinguishers / sprinklers, )
submitted by AntiSonOfBitchamajig to preppers [link] [comments]

MCS | The US Election Is Near; What Is The Outlook For Bitcoin At The End Of 2020?

MCS | The US Election Is Near; What Is The Outlook For Bitcoin At The End Of 2020?
Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.、

An Eventful Year for Bitcoin and the Global Economy
Source: CoinGecko, Bitcoin Price Chart from January 1, 2020 to September 29, 2020
2020 was undoubtfully an eventful year, due to the aftermath of COVID-19, for the global economy. Bitcoin, also known as "Digital Gold", was also unable to avoid the impact of the pandemic. Earlier this year, Bitcoin was moving sideways from the 8,000 to 9,000 US dollar levels, but when the global stock market plunged around the end of March, it fell to around 4,000 USD in a very short period of time.
Many economists were pessimistic about the prompt recovery of the global economy based on past experience of the subprime financial crisis and the worsening of the COVID-19 situation. Nevertheless, thanks to the emergency stimulus policies from many countries, the global stock market rose up again very quickly and showed record-breaking high points every day as if nothing happened. Bitcoin also broke through the 10,000 USD line in August this year, rising to the point close to 12,200 USD. In the course of Bitcoin's rise, the fluctuation of Bitcoin moves almost like the fluctuation of the U.S. stock market, showing a perfect coupling with the U.S. stock market.

How Will The US Election Impact The Fate of NASDAQ and Bitcoin?
Source:, NASDAQ chart before and after the US Election on Nov 6, 2012
The US presidential election is scheduled for November 3, 2020. Financial and cryptocurrency traders around the world paying close attention to this election, and we know why by checking the chart above which shows NASDAQ prices before and after the past presidential election.
At the time of the US presidential election on November 6, 2012, the NASDAQ was moving sideways around the 3,000 USD level, but it showed a steep rise right after the election, breaking the 4,000 USD level the following year, showing tremendous upside. The NASDAQ flow chart at the time of the US election on November 8, 2016, is similar. NASDAQ, which was about 5,400 USD during the 2016 election, showed a rise, breaking the 6,000 USD mark the following year after the election. Because of this, financial and cryptocurrency traders around the world have keen eyes for this year's US election, and the majority of traders are expecting a huge rise in global stock markets and Bitcoin prices. Also, in the case of Bitcoin, the expectation is increasing even more since this is the post halving season.

Traders ALWAYS come first on MCS.
Thank you.
MCS Website:
MCS Official Twitter (EN):
MCS Official Facebook:
MCS Telegram Chat (EN):
submitted by MyCoinStory to MyCoinStory [link] [comments]

Dead Battery

For Trading September 24TH
Today’s market started off on the upside hitting the high of the day by 9:45 and started to fail. By 10:30 we had moved below unchanged and spent the next 3 hours going sideways to down, and then the real selling began, taking the DJIA to below last weeks low and after a minor rally moved down to close -525.05 (1.9%), NASDAQ -330.65 (3.02%), S&P 500 -78.65 (2.07%), the Russell -45.59 (3.04%) and the DJ Transports -119.44 (1.06%). Volume on the NYSE was roughly 7:1 down, close to climactic, but not quite, and the A/D was 7.8:1 on NYSE and 5:1 on NASDAQ. Housing price index was unchanged @ +1% as expected and mortgage apps. Increased 6.8% following a -2.5% last week. Covid-19 numbers are on the rise again with France the big winner (loser?) on number of new cases and deaths.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: Enjoy!!
TUESDAY’S RADIO SHOW: v With my guest: David Weinstein on Bio-Hacking !!
Tonight’s closing comment video:
SECTORS: The lunacy of this market knows no bounds. A company added a “EV Charger” business and it rallies from a prior close of $1.05 to a high of $46.67 and finishes the day @ $14.00 +1233%. This is the same kind of activity that occurred in 1999 when all you had to do was add “.com” to the company name and settle back to watch the fireworks. In reality, SPI Energy (SPI) is a company that had a high of $1,800 at the start of 2016. That may seem pretty extreme for a stock that closed $1.05 before the news, but it actually “reverse split” twice, 1:10 in 2017 and 2018. So, if you owned 100 shares in early 2017 at $20, you’d first go to 10 shares, and then again in 2018 down to 1 share. So, 100 @ $20, or $2000 worth of stock, you’d now have 1 share worth $14.00 at the close today. Talk about destruction of equity! No as bad as some, but not a great return. Caveat Emptor! spades. New Group:
AIR & CRUISE LINES were LOWER with CCL -.28, RCL -1.57, NCLH -.28, AAL -.37, DAL -.87, LUV -.53, UAL -.95, HA -.41, ALK -1.17, and XTN $57.50 -.85 (1.46%).
FOOD SUPPLY CHAIN was LOWER with TSN -2.59, BGS -.48, FLO -.23, CPB -.48, CAG -1.29, MDLZ -1.27, KHC -.48, CALM -.01, JJSF +1.40, SAFM -2.89, HRL -.21, SJM -1.67, PPC -.04, KR -.54, and PBJ $31.68 -.63 (1.96%).
BIOPHARMA was LOWER with BIIB -.56, ABBV -1.42, REGN -6.32, ISRG -8.61, GILD -.65, MYL -.42, TEVA -.16, VRTX -3.76, BHC -.29, INCY -.96, ICPT -1.64, LABU -5.39, and IBB $132.10 -1.68 (1.25%). CANNABIS: was LOWER with TLRY -.65, CGC -1.43, CRON-.24, GWPH -.85, ACB -2.11 (28%), NBEV -.12, CURLF -.05, KERN -.35, and MJ $10.37 -.70 (6.32%).
DEFENSE was LOWER with LMT -5.18, GD -3.25, TXT -.80, NOC -2.85, BWXT -1.11, TDY -7.71, RTX -1.79, and ITA $156.70 -4.14 (2.57%).
RETAIL: was LOWER with M -.13, JWN -.72, KSS -.71, DDS -1.39, WMT -2.80, TGT -3.88, TJX -1.36, RL -3.03, UAA +.33, LULU -2.60, TPR +.03, CPRI -.50, and XRT $49.28 -1.34 (2.65%).
MEGA-CAPS & FAANG were LOWER with GOOGL -56.82, AMZN -155.99, AAPL -6.21 FB -8.00, NFLX -22.37, NVDA -25.01, TSLA -56.40, BABA -3.39, BIDU -1.11, CMG +23.13, CRM -13.28, BA -6.45, CAT -3.07, DIS -4.21, XLK 109.90 -4.32 (3.79%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -4.22, JPM -1.77, BAC -.72, MS -1.21, C -1.52, PNC -2.86, AIG -.88, TRV -1.76, AXP -2.88, V -5.71, and XLF $23.20 -.53 (2.23%).
OIL, $39.93 +.13, Oil was higher all day. I am looking for about another $1.00 or so before I would consider selling it for a correction. The stocks were lower with XLE $30.21 – 1.43 (4.52%).
GOLD $1,868.40 -39.20, opened LOWER but and gave up most of the recent gains and finished well off the low but substantially lower. I have closed out the NEM calls at a loss. I will take another look after I’ve seen some sideways action.
BITCOIN: closed $10,280 -215. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $10.74 -.53 today.
Tomorrow is another day.
submitted by Dashover to OptionsOnly [link] [comments]

A Closer Look at Ripple's Distribution of XRP

I consider myself to be an informed member of the XRP community. I have a Twitter feed of all the prominent personalities/researchers to keep tabs on the news. I watch the metrics on daily and even wrote a calculator to help understand what ODL is doing over time. I regularly check in on global metrics like volume, wallet openings, and the distribution of XRP within wallets.
Up until recently, if you asked me to explain how XRP is distributed out to the public, I would point you to two resources. The first is an article on XRPArcade explaining how Jed McCaleb's XRP sales are structured (not the topic of this post). The other place would be the XRP Markets Reports provided quarterly by Ripple. There you would understand that for the past year Ripple has increasingly slowed the sales of XRP and only is selling in small amounts to facilitate liquidity in markets. Based on this data, I've seen discussions on /cryptocurrency and elsewhere claiming that XRP's inflation rate is lower than Bitcoins and is near 0. Based on publicly provided data I've realized that this is not the case. XRP's distribution rate is very different than the impression painted by the XRP Markets Reports.
TLDR; Ripple is trying to paint a narrative that very little XRP is entering the market. In reality sales of XRP are very low, but XRP entering circulation remains much higher from an inflationary perspective and that rate has remained relatively unchanged from 2016 onward.
Before I dive into the data, I'd like to take a brief pause and state that in no way am I writing this to be FUD. Clear and accurate data is extremely important to me. Much of the recent community conversation has revolved around hopium and dot connecting that is unverified. It's a public ledger, but most people don't take the time to track the numbers. I'm hoping to shed more light on these important factors since there is no doubt that XRP's rate of distribution can effect the price. Ok, soapbox over.
I first was clued in that something was off while listening to a SamIAm video here. Basically Sam is calling out Ripple over their Q1 Markets Report because they didn't mention around $18 million of XRP paid to MoneyGram. Now technically this isn't a sale of XRP, but it's convenient to leave out and we would only know that this was happening because the SEC forced MoneyGram to report it on their Quarterly Investor Report.
Next I was scratching my head over a data discrepancy. Tether flipped XRP on LiveCoinWatch weeks before the other tracking sites like CoinGecko and CoinMarketCap. Upon closer inspection I realized that all these sites retrieve the XRP circulating supply from a single API call and LiveCoinWatch had coded their site incorrectly. They were pulling the XRP numbers from last year.
The API is here and anyone can checkout the data: I believe that there is a companion private API Ripple uses to power their pie chart here: Notice that the market performance (at the time of this posting) is for May 17th while the public API only goes to April. I don't know why Ripple hasn't updated the public API in a month. Since the public API has a history of postings you can go back and track the "distributed" tag all the way back to the middle of 2016. Here's what I found.
XRP Released into Circulation Yearly Inflationary Rate
2016 (starts mid year) 1,229,851,071 3.5%
2017 2,667,133,033 7.34%
2018 2,035,094,018 5.22%
2019 2,325,833,516 5.67%
2020 (May 1st) 773,689,933 1.78%
2020 End (at current rate) 2,321,069,799 5.35%
The 2016 data starts halfway through the year, so you can make an educated backfill guess for that year's number as well. Ripple has been distributing between 2 and 2.6 billion XRP a year with 2017 being a the high watermark. Interestingly the number distributed in 2019 is not that much different in spite of Ripple touting significantly reduced sales for almost the whole year.
So lets talk about the term "XRP Distributed" versus "XRP Sales" obviously Ripple is providing the data for both stats, but they only talk about sales in the markets reports. Distribution is a much wider term. It can include things like "Business Development" like MoneyGram discussed above. It could be compensation incentives given to Ripple employees. Xpring is known to fund investments using XRP. All of these items aren't reported because they are not sales. Even with some generous guesses to the above categories, I have no idea what Ripple is really doing with the XRP in 2020 if they're not selling it. Even factoring in about 90 million XRP given to MoneyGram, there's still a significant amount distributed and I would love some opinions on what they think Ripple is doing with this XRP.
Some takeaways for me:
submitted by RetirePerspired to Ripple [link] [comments]


For Trading JULY 8th
JOLTs 5.4 vs. 5 Million
NVAX gets $1.6B from BARDA
Today’s market got off to a very soft start in the DJIA but not so much in the NASDAQ and S&P-500, with the DJIA starting off -240 and managing a rally only as far as -125 before spending several hours going sideways until the last hour of trading when the NASDAQ and S&P ran out of steam and fell below the close and the selloff resumed. It’s never a good thing when and overbought index makes a new all-time high and then closes down and on the lows. The DJIA was -396.85 (1.51%), NASDAQ -89.76 (.86%), S&P 500 -34.30 (1.08%), the Russell -26.89 (1.86%) and the DJ Transports -108 (1.1%). The internals were 3:1 down on NYSE and 2.5:1 on NASDAQ with volume on the NYSE 2:1 down also. The DJIA was 28 down and only 2 up with WMT the big gainer +55 DP’s and on the downside, BA-62, GS -55, and UNH -43DP’s. Even with the good JOLTs number, this market is just over-extended and tired. The stat I mentioned in tonight’s video about the S&P is very telling, I think, with the S&P only 2% off its high, the median S&P stock is down 11%. This market has simply gotten too narrow and it will correct.
We sold half of the remaining NEM 7/17 $60’s bought @ 1.55 and added to last Friday @ $1.30 for an average of $1.47 triggered a 100% Up Rule sale at $2.94, and today’s sale was @ $3.20. They closed today $3.20. We also own a position in SLV 8/21 17 calls @ $ .74, and they closed $ .75, and we also added a spread using the NEM 8/65 / 70 calls at a $1.30 debit.
Tonight’s closing comment video
Our Discord Forum link is on the video description..
SECTORS: The FAANG names all finished near the lows, several like MSFT coming off a new all-time high and closing down on the day. Not a good sign if they follow-thru to the downside tomorrow. Also having trouble was CCL, who has had to cancel several cruises for Q4 and Q1 2021. It closed $14.57 -1.04 (6.7%). Add to that, the UAL report that it is giving warnings that it will be laying off “10’2 of thousands of employees.” UAL finished $32.55 -2.66 (7.55%). These two companies do not operate in a vacuum, so both groups are in jeopardy, again. Novavax (NVAX) got a $1.6billion grant from BARDA (Biomedical Advanced Research and Development Authority) to help it along in it’s search for a workable vaccine. The stock, up from $8 as late as the end of February had worked its way up to $85 last month and opened today $104 and traded as high as $111.77 and finished $104.56 +25.12 (31.63%). Don’t get too crazy with this one, this is not its first rodeo. In 2015 it was trading $300 before it had a failure on a different vaccine and the stock fell to $80 before a rally and then in the week of 9/16/2016 it fell further from $169.80 to $23.20 and then on to the adjusted (1:20 reverse) low around $4.00. We’ll hope for a better outcome this time around. Walmart was the big winner on a RECODE that said they are ready to launch Walmart +, to compete with Amazon Prime for same day grocery delivery and next day for other products. Its move today added 55 DP’s to the averages. I don’t think it’s a big deal since for the same money, with Prime you get streaming too. And the margins on groceries are razor thin.
FOOD SUPPLY CHAIN was MIXED with TSN -.67, BGS +.70, FLO -.03, CPB -.11, CAG +.54, MDLZ -.22, KHC +.22, CALM +.03, JJSF -1.43, SAFM +.54, HRL -.14, SJM +.18, PPC -.34, KR -.03, and PBJ $31.56 +.06 (.19%).
BIOPHARMA was MIXED with BIIB - -1.72, ABBV +.72, REGN +14.50, ISRG -9.30, GILD -.13, MYL -.43, TEVA -.29, VRTX +8.35, BHC -.59, INCY +.86, ICPT -.74, LABU +3.36, and IBB $140.15 +.71 (.51%).
CANNABIS: was LOWER with TLRY -.13, CGC -.40, CRON -.19, GWPH +2.93, ACB +.17, CURLF -.07, KERN -.62 and MJ $13.08 -.01 (.08%).
DEFENSE: was LOWER with LMT -8.59, GD -3.29, TXT -1.73, NOC -7.89, BWXT -1.78, TDY – 7.84, RTX -2.12 and ITA $160.32 -6.10 (3.67%).
RETAIL: was LOWER with M +.03, JWN -.58, KSS -.72, DDS -.88, WMT +9.11 (7.66%), TGT -1.40, TJX -1.84, RL -2.49, UAA -.41, LULU -6.66, TPR -.51, CPRI -.18 and XRT $43.78 -.43 (.97%).
FAANG and Big Cap: were MIXED with GOOGL -7.40, AMZN -44.69, AAPL +1.06, FB -.91, NFLX +.69, NVDA +3.06, TSLA +9.42, BABA -2.60, BIDU -4.54, CMG -10.92, CAT -2.03, BA -8.57, DIS -.53 and XLK $106.34 -.77 (.72%).
FINANCIALS were LOWER with GS – 7.91, JPM2.52, BAC -.63, MS -1.32, C -1.53, PNC -3.15, AIG -1.36, TRV -2.45, AXP -3.48, V -3.13, and XLF $22.93 -.48 (2.05%).
OIL, $40.62 -.01. Oil was lower in last night’s trading before we rallied in the morning. I mentioned in last night’s charts with comments section in the Weekly Strategies letter, prices are trying to work higher towards $45.00. We needed a close over the previous high close of $40.83 and while we were there, we sold off to close below that number. The stocks were higher with XLE $36.26 -1.19 (3.18%).
GOLD $1,809.80 +16.40. It was a continuation rally and a new recovery high OF $1807.70 Last night I said “we’ve moved $50 since the low on Friday and while the trend and momentum are positive, we may have to test 1790 to consolidate our gains.” Unfortunately, we pulled back to 1,767 instead. We rallied a bit and finished only slightly better. We bought back the 3rd and final lot of NEM @ $58.86. And, we also added a half position in NEM 7/17 60 calls @ $1.55, and additional 50% @ $1.30 on Friday. We sold half on the 100% Up Rule @ $2.94 and half of what was left today @ $3.20, we closed $3.20 + .80 today.
BITCOIN: closed $9,290 -65. After trading back to 8985 we rallied back to close – only $5. Since last week we have closed between 9200 – 92.85 every day with narrow ranges and today was a good start to move higher. A break over 10,000 still sends us higher. We added 350 shares of GBTC @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $9.76 - .19 today.
Tomorrow is another day.
submitted by Dashover to options [link] [comments]

Price Discovery in Bitcoin exchange

About thirty days ago I shared a chart on Price Discovery in this sub. There was a lot of interest in it and I promised to explain in detail a Bitcoin price discovery algorithm.. I do so in this post.
*this text post is a slightly shorter version of what I wrote in my blog.


I applied price discovery algorithms to 5 Min OHLCV data from Bitmex and CME contracts and Bitstamp, Coinbase, HitBTC, Kraken, Poloniex, Binance, and OkEx BTCUSD/BTCUSDT markets from March 2016 to May 2020. Some exciting results I got was:


Price discovery is the overall process of setting the price of an asset. Price discovery algorithms identify the leader exchanges whose traders define the price. Two approaches are most famous for use in Price Discovery. Gonzalo and Granger (1995) and Hasbrouck (1995). But they assume random walk, and a common efficient price. I do not feel comfortable assuming random walk and common efficient price in Bitcoin Markets. So I used this little know method by De Blasis (2019) for this analysis. This work assumes that "the fastest price to reflect new information releases a price signal to the other slower price series." I thought this was valid in our market. It uses Markov Chains to measure Price Discovery. Without going into the mathematical details the summary steps used was:
De Blasis (2019) names this number Price Leadership Share (PLS). High PLS indicates a large role in price discovery. As the sum of the numbers is 1, they can be looked at as a percentage contribution. I recommend reading the original paper if you are interested to know more about the mathematical detail.


Andersen (2000) argues that 5 Minute window provides the best trade-off between getting enough data and avoiding noise. In one of the first work on Bitcoin's Price Discovery, Brandvold et al. 2015 had used 5M window. So I obtained 5M OHLCV data using the following sources:
Futures data are different from other data because multiple futures contract trades at the same time. I formed a single data from the multiple time series by selecting the nearest contract until it was three days from expiration. I used the next contract when the contract was three days from expiration. This approach was advocated by Booth et al ( 1999 )


I can't embed the chart on reddit so open this
In the figure above, each colored line shows the total influence the exchange had towards the discovery of Bitcoin Price on that day. Its axis is on the left. The black line shows a moving average of the bitcoin price at the close in Bitfinex for comparison. The chart was created by plotting the EMA of price and dominance with a smoothing factor of 0.1. This was done to eliminate the noise. Let's start looking from the beginning. We start with a slight Bitfinex dominance at the start. When the price starts going up, Bitfinex's influence does too. This was the time large Tether printing was attributed to the rise of price by many individuals. But Bitfinex's influence wanes down as the price starts rising (remember that the chart is an exponential moving average. Its a lagging indicator). Afterward, exchanges like Binance and Bitstamp increase their role, and there isn't any single leader in the run. So although Bitfinex may have been responsible for the initial pump trades on other exchanges were responsible for the later rally.
CME contracts were added to our analysis in February 2018. Initially, they don't have much influence. On a similar work Alexandar and Heck (2019) noted that initially CBOE contracts had more influence. CBOE later delisted Bitcoin futures so I couldn't get that data. Overall, Bitmex and CME contracts have been averaging around 50% of the role in price discovery. To make the dominance clear, look at this chart where I add Bitmex Futures and Perp contract's dominance figure to create a single dominance index. There bitmex leads 936 of the total 1334 days (Bitfinex leads 298 days and coinbase and binance get 64 and 6 days). That is a lot. One possible reason for this might be Bitmex's low trading fee. Bitmex has a very generous -0.025% maker fee and price discovery tend to occur primarily in the market with smaller trading costs (Booth et al, 1999). It may also be because our market is mature. In mature markets, futures lead the price discovery.
Exchange bitmex_futures bitfinex coinbase bitmex okex binance cme bitstamp okcoin kraken poloniex
Days Lead 571 501 102 88 34 12 8 7 6 4 1
 Table 1: Days Lead 
Out of 1334 days in the analysis, Bitmex futures leads the discovery in 571 days or nearly 43% of the duration. Bitfinex leads for 501 days. Bitfinex's high number is due to its extreme dominance in the early days.
Exchange binance huobi cme okcoin bitmex_futures okex hitbtc kraken poloniex bitstamp bitfinex coinbase bitmex
Correlation 0.809190 0.715667 0.648058 0.644432 0.577147 0.444821 0.032649 -0.187348 -0.365175 -0.564073 -0.665008 -0.695115 -0.752103
 Table 2: Correlation between the close price and Exchange's dominance index 
Binance, Huobi, CME, and OkCoin had the most significant correlation with the close price. Bitmex, Coinbase, Bitfinex, and Bitstamp's dominance were negatively correlated. This was very interesting. To know more, I captured a yearwise correlation.
index 2016 2017 2018 2019 2020
0 bitfinex 0.028264 -0.519791 0.829700 -0.242631 0.626386
1 bitmex 0.090758 -0.752297 -0.654742 0.052242 -0.584956
2 bitmex_futures -0.011323 -0.149281 -0.458857 0.660135 0.095305
3 bitstamp 0.316291 -0.373688 0.600240 -0.255408 -0.407608
4 coinbase -0.505492 -0.128336 -0.351794 -0.410874 -0.262036
5 hitbtc 0.024425 0.486229 0.104912 -0.200203 0.308862
6 kraken 0.275797 0.422656 0.294762 -0.064594 -0.192290
7 poloniex 0.177616 -0.087090 0.230987 -0.135046 -0.154726
8 binance NaN 0.865295 0.706725 -0.484130 0.265086
9 okcoin NaN 0.797682 0.463455 -0.010186 -0.160217
10 huobi NaN 0.748489 0.351514 -0.298418 0.434164
11 cme NaN NaN -0.616407 0.694494 -0.012962
12 okex NaN NaN -0.618888 -0.399567 0.432474
Table 3: Yearwise Correlation between the close price and Exchange's dominance index
Price movement is pretty complicated. If one factor, like a dominant exchange, could explain it, everyone would be making money trading. With this disclaimer out of the way, let us try to make some conclusions. This year Bitfinex, Huobi, and OkEx, Tether based exchanges, discovery power have shown a high correlation with the close price. This means that when the traders there become successful, price rises. When the traders there are failing, Bitmex traders dominate and then the price is falling. I found this interesting as I have been seeing the OkEx whale who has been preceding price rises in this sub. I leave the interpretation of other past years to the reader.


My analysis does not include market data for other derivative exchanges like Huobi, OkEx, Binance, and Deribit. So, all future market's influence may be going to Bitmex. I did not add their data because they started having an impact recently. A more fair assessment may be to conclude this as the new power of derivative markets instead of attributing it as the power of Bitmex. But Bitmex has dominated futures volume most of the time (until recently). And they brought the concept of perpetual swaps.


There is a lot in this data. If you are making a trading algo think there is some edge here. Someday I will backtest some trading logic based on this data. Then I will have more info and might write more. But, this analysis was enough for to shift my focus from a Bitfinex based trading algorithm to a Bitmex based one. It has been giving me good results.
If you have any good ideas that you want me to write about or discuss further please comment. If there is enough interest in this measurement, I can setup a live interface that provides the live value.
submitted by warproxxx to BitcoinMarkets [link] [comments]

Bitcoin Market Is Looking Like Early 2016—Just Before The Bitcoin Price Exploded (current BTC/USD price is $11,840.69)

Latest Bitcoin News:
Bitcoin Market Is Looking Like Early 2016—Just Before The Bitcoin Price Exploded
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Russia, With Bitcoin Playing Bit Part, Tried to Hack 2016 US Election, Senate Report Finds (current BTC/USD price is $12,021.49)

Latest Bitcoin News:
Russia, With Bitcoin Playing Bit Part, Tried to Hack 2016 US Election, Senate Report Finds
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

Bitcoin Predictions Update: Bitcoin Halvening Coming Up, Let's Review 2020's Bitcoin Price Predictions so far ...

Wrong, wonderfully delusional bullshit predictions:
Special thanks to Fran Strajnar and Dumpie Lee for their delusional coin shilling idiotic predictions, and extra special thanks to Redditor u/diydude2 for going way, way, way beyond the call of duty and continuing to make the dumbest and most delusional bullshit coin shill predictions the world has ever seen.
Anyway, enough with those delusional coin shilling idiotic predictions. What does the near future hold ?
Here's the coming Bitcoin Price predictions for May-2020:
Got any others ??? Please let me know. 😀
Anyway grab your popcorn 🍿🍿🍿 guys and gals, because the forecast is for yet another spectacular crop of delusional predictions to be proven to be bullshit. 🤣🤣🤣
submitted by Crypto_To_The_Core to Buttcoin [link] [comments]

For Trading April 3rd

For Trading April 3rd
Oil Recovery
Trading the Range
Jobless Claims Double
Today was pretty constructive in that we opened lower with the futures and of course the blockbuster news of Mr. Trumps tweet (which I find not believable) about and Oil deal between Russia and the Saudi’s, that sent us up to the high of the day +534, before we has some sideways action until around 1:15 when we started to sell-off and headed back to down on the day to -90 before we rallied and finished +469.93 (2.24%), NASDAQ +126.73 (1.72%), S&P 500 +56.40 (2.28%), the Russell +13.81 (1.29%) and the DJ Transports +93.13 (1.27%). There was plenty of news to start the day with Initial Jobless claims that were double the prior number at an astounding 6.6million. Unfortunately, the number next month will be higher. Tomorrow, we have the monthly employment number for March as well as the ISM non-manufacturing pre-open. I regarded today’s market action as very constructive. The lower open and then rally and a second round-trip to a close near the highs was impressive. While there is still plenty of work to be done, plenty of bad news on the economy and COVID-19 to come, we seem to be building some underlying support. Market internals were positive but unimpressive with gains outnumbering losers by 1.4:1 on both NYSE and NASDAQ. Volume was also lower that I would have liked to have seen. On the DJIA there were 25 gainers to 5 losers with BA -50, UTX -36, and WBA-18DPs, while the gainers were led by CVX +50, PG and CAT +36 and MMM+32 DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 800 members.
SECTORS: Walgreen reported earnings today and although they had better than expected numbers, they gave less than stellar guidance and the stock fell to a lower low than the March bottom and made a new low close since 2013. WBA fell to $39.41 and closed $40.32 -2.71 (6.3%). We used the decline to buy some CVS calls, which has been consolidating and has outperformed its competitor. Shopify suspended its guidance and the stock, another darling that was priced for perfection got slammed. The stock, up from $20 in 2016 topped out over $593 in February had fallen to 303 last month but climbed back to $470 last week fell to $334.55 before closing 346.30 -38.37 (9.97%).
And last, the Disaster Du Jour was Luckin Coffee (LK), the Chinese Starbucks, sort of. The stock spent 7 months between $15 and $25 before taking off on a run from $18 to over $50 late last year. It fell back to $28 but had traded up to $43 last month before starting down and closing just above $26 yesterday. Unfortunately, the COO was found to have basically fabricated all of the results since Q2. Muddy Waters wrote up the company on 1/31 saying it had “evolved into a fraud.” The stock gapped down to open $4.92, rallied back to $10.58 buy gave up the gains and finished $6.40 -19.80 (75.57%). Clearly a disaster on any day.
BIOPHARMA: was HIGHER with BIIB +11.20, ABBV +1.08, REGN +1.35, ISRG +8.74, MYL -.23, TEVA -.35, VRTX +16.68 (7.4%), BHC M+.10, INCY +4.32 (5.82%), ICPT +.89, LABU +1.98(10.42%) and IBB $108.69 +4.90 (4.72%).
CANNABIS: This group was MIXED with TLRY +.25, CGC +.29, CRON +.14, GWPH -.50, ACB +.04, PYX -.37 (13.26%), NBEV -.04, CURLF +.08, KERN +.04 and MJ $10.77 +.21 (1.99%).
DEFENSE: was HIGHER with LMT +14.98 (4.43%), RTN -3.93, GD +.35, TXT +.07, UTX -5.37 (5.88%), NPOC +7.30, BWXT +2.24, TDY +14.50 (5.23%) and ITA $136.94 +.47 (.34%).
RETAIL: was LOWER with M +.01, JWN -.13, KSS -1.12 (8.66%), DDS -2.29 (8.20%), JCP -.02, WMT +4.36 (3.82%), TGT -.97, TJX -.77, RL +.28, UAA -.42 (5.08%), LULU +2.08, TPR +.04, CPRI -.69, and XRT $27.64 -.39 (1.39%).
FAANG and Big Cap: were HIGHER with GOOGL +14.90, AMZN +8.80, AAPL +2.99, FB -1.80, NFLX +3.92, NVDA +11.06, IBM +4.31, TSLA +53.44, BABA +.89, BIDU +1.12, BA -6.32, CAT +5.06, DIS +1.18 and XLK $78.33 +1.79 (2.34%).
FINANCIALS were HIGHER with GS +5.21, JPM +3.02, BAC +.68, MS +2.14, C +.50, PNC +3.38, AIG -.20, TRV +3.79, AXP -1.14, and XLF $20.04 +.49 (2.51%).
OIL, $25.32 +5.01. The explosive move in Oil today was spurred on by an early morning tweet from Mr. Trump claiming that Russia and the Saudi’s were close to an agreement. My first thought was BS, but the market held and finished strong. My only warning is that we have had several of these spikes that have failed with news that we knew was real. The stocks were stronger across the board with CVX the big winner +7.56 (11.03%) and added 50 DPs. XOM +3.12 (8.13%), OXY +2.05 (19%), OAS +.06, NBL +.47 (8%), MRO +.33, MPC +.58, RIG +.02, APA +.68 (16.92%), BP +1.80 (7.38%) and XLE $30.15 +2.53 (9.16%).
METALS, GOLD: $1,637.70 +46.30. After the recent gains, Gold has failed to break through the highs around $1700 and have fallen back. Today’s rebound is of little technical value. I will reassess and look for a new entry point.
BITCOIN: closed $6,865 +655. After we traded in another short-range day yesterday we had a range of over $1000 today, closing about midrange. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.72 +1.22 today.
Tomorrow is another day.
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BITCOIN PRICE BACK TO $12k?! THIS BTC CHART SAYS YES! Bitcoin Price History Chart 2009 - 2018 #BitcoinPriceHistoryChart BITCOIN 2016 “SOLD EVERYTHING”  HISTORICAL BTC HALVING PRICE DATA SUGGESTS NEW ATH BE READY!!! BITCOIN TO $14'000 BEFORE THE HALVING!!! INSANE BTC CHART!! Bitcoin Price Charts Bitcoin Peak Identified - YouTube

The overall Bitcoin price move during the 4th week of the new 2016 is definitely bearish. After reaching $405.97 during the last hours of the 3rd week, the price started the new week with a stronger decrease during decent trading volumes. Week 4 Bitcoin Price Behavior === This is the H2 chart of the BTC/USD pair, which embraces the whole last week (Jan 25th – 31st, 2016). The long black ... Bitcoin Price. provides fast loading real time bitcoin price charts and historical bitcoin charts with advanced technical indicators and chart drawing tools. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin. Bitcoins are traded in many different exchanges around the world and exchanged for many different national currencies as well as other ... During 2016 a landmark in bitcoin price history occurred when bitcoin and other digital currency became recognised as currency proper in Japan. Consequently, the demand and thus the value of bitcoin grew. Bitcoin value rose from just over $400 in early 2016 to almost $1,000 by year's end, as demand for, use of and confidence in digital currency ... Der Bitcoin - Euro Chart zeigt die Entwicklung des Bitcoin - Euro in grafischer Form und erlaubt somit einen schnellen Überblick über Kursverlauf, Höchst- und Tiefststände. 2016: $693 (+61%) 2015: $430 (+34%) 2014: $320 (-58%) 2013: $754: Biggest Moments in Bitcoin’s Price History. There have been a few defining moments for the price of Bitcoin, here are the biggest price movements: June 2019 Bull Rally. Following the dump in November 2018, Bitcoin spent several months slowly creeping up to the $8,000 mark. Then, in the month of June alone, Bitcoin rallied to ...

[index] [21704] [11098] [2009] [50498] [47213] [20099] [36002] [35604] [26930] [51352]


bitcoin exact 2016 repeat incoming?!! proof we are overdue!! must see evidence - only moments away PROOF WE ARE OVERDUE!! MUST SEE EVIDENCE - ONLY MOMENTS AWAY - Duration: 18:32. In this Bitcoin Price charts report, lets refer to this indicator reported in the Bitcoin Golden Ratio report page at With this 2 MA graphs, we c... bitcoin price chart since 2009 Bitcoin history – Price 2009 to 2018, Charts, Data – Bitcoin View Bitcoin's price since its inception in 2009 and all the way up to today. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price moves in a very volatile way, there is much opportunity in being prepared for upside and ... Bitcoin price has many different support areas leaving room for BTC to consolidate for next move up. As always, it is a battle of the bulls vs. bears. With targets for btc price to $12k and down ...