Analyst: Bear Market Not Over Yet, Bitcoin to Resume Downtrend Soon Mati Greenspan // LinkedIn Bitcoin could be in the last phase of the bear market but several analysts believe there is still a long way to go before the dominant cryptocurrency recovers to previous levels. Bitcoin Bear Market: Is It Over Now? March 30th @TKThomas Kuhn, CFA. Crypto, Markets, Trading. We take a look at Bitcoin from the technical perspective. In this paper we illustrate why we think that Bitcoin has hit its low but that the ghost of the Bear market . over, but bitcoin Bitcoin nears its. Why Today's Bitcoin Rally is still here. bear market - Quartz has been by What is a bear The “Nature” argument We're 92 percent in , do you know if mainstream financial Over bear market is over, — Still, the drop zoologists, but bulls tend may be over.
Bitcoin bear market not overBitcoin Bear Market: Is It Over Now? | Hacker Noon
We would be quite concerned about the asset long-term if it did go lower. After making its lows we see that the market refused the opportunity to play out the parabolic collapse. Now that the BTC market is full of professionals it explores its themes and narratives in a more unforgiving and aggressive way for participants. There are also a large number and value of leveraged retail positions that pushed it higher. In a market of professionals as well as significant retail punters with high leverage it is always most likely that these positions have to be taken out if they are there before the market can move— to quote one G.
So here at the highs it looks like the market was locked up in a butterfly spread or similar to build a short position to and rinse the market out one more time to the down-side. Volumes had dropped off while the asset was locked up. As well as that any market savage worth half their salt would know here that there is a juicy trade pushing longs out into the area coloured in blue. It is one of the few opportunities for a decent-sized fund to get a solid trade completed in the asset.
Because of course, creating cognitive dissonance in longs with their most likely eventually valid narrative with the momentum on the short side should allow traders to bully bulls out of positions. Nothing is better than trading against a rational idea when the market is out of position for that idea to realise itself. To go back to the very broad view, all of this leads to a bid somewhere in here.
For the time-being we expect something like this — that as the market goes on a bull-run it will seem to validate the macro-narrative triggering a strong FOMO event. Gold will likely have broken through its high by then and more problems will emerge in the financial system. So although a false-break of the range is expected, we also expect a return to the consolidation afterwards. Our original thought on what would push it outside of the range for good longer term was when each Bitcoin underwrites more sophisticated financial transactions of larger values in decentralised finance and digital assets and where Bitcoin would act as the fundamental value underwriting it all.
Having said that, it will be interesting to see if increases in the Gold price or failure in the financial system is capable of changing this macro-narrative. If they were to look at the same indicator on the monthly chart however, they would realise crypto winter is far from over. How wrong they were. Again, speculators remained bizarrely bullish on Bitcoin and the cryptocurrency space in general, despite all signs pointing to further downside movement. The longer we stay at the more spot bitcoin you should be accumulating.
Keep bids at yearly lows incase of one final dump, but this looks more and more like bottom with each day. See shitcoin accumulation cycles for reference. The monthly MACD remains some way off a bullish cross, with both lines highlighted in the image above facing down. In the previous bear market, the bearish MACD cross on the monthly chart preceded 16 months in the red before a cross to the upside.
As this level acted as such a key level of support, the indication is that there will still be buyers at this level, and thus when yearly support is broken, it should be a key stopping point. Bitcoin, and the cryptocurrency market in general, needs to fall to this level to remind the bulls and speculators how scathing and difficult a bear market can be. Capitulation is needed for the next market cycle. If you think Bitcoin will rally back to all-time highs following a low-volume consolidation period at a fairly insignificant level, you are probably viewing the chart through Bitcoin-tinted glasses.
This was the top of the bull market, and breaking out of this level in was incredibly significant. What about them? Altcoins were the spawn of an evil ICO revolution that was built on hype and not innovation. There are a few altcoins that will survive — the likes of Binance Coin, Ethereum, and even Litecoin should make it through the bear market — but the vast majority are completely useless. The ability to raise huge amounts of capital through an unregulated ICO allowed failed businessmen a get out of jail free card.
But to this day, there is not even one platform that has gained mass adoption. This is why you should exercise caution around altcoins. Avoid people like Ian Balina, Michael Suppoman, and other social media shills who are just trying to gain a quick buck.
If you truly believe a project will succeed over the next decade, then great — put some money in and hope for the best. But be prepared to lose it all. Altcoin markets are extremely illiquid. This space would have been nothing without Bitcoin. There will always be copycats and competitors, but Bitcoin has retained dominance of this digital asset class for the last decade, and it will moving forwards as well.
This level of mainstream and institutional interest in Bitcoin could well spur another bull market. For more news, guides, and cryptocurrency analysis, click here. Disclaimer: The author of this article does not hold Bitcoin or any other cryptocurrency. The post Bear market not over as Bitcoin looks set to break yearly lows appeared first on Coin Rivet. It has since been updated to include the most relevant information available. That means my stock pick for January will have a corporate name beginning with J, then an F for February and so forth.
Its year-to-date YTD total return through Dec. That suggests that could be a breakout year for this Dividend Aristocrat.
This payment processor is having an underwhelming year relative to the U. It sits just a fraction lower than it did this time last year. So, this is not a glamorous stock but its services are certainly in demand. Currently, the industry leader has an FCF yield of 2. The decision to go on its own was a result of two reasons. Beyond Meat would have surely taken some shine off of the Golden Arches. That makes it one of the best stocks to buy for the upcoming year.
It did and then some. For my list of best stocks to buy in , it represents the month of May. Like Adobe, MercadoLibre is faring far better than both its internet retail peers and U. Likewise, its revenues are on fire and growing like weeds.
True to the Amazon comparison, this name will also probably see exponential growth in its free cash flow over the next few years. At the time, I argued that it had a dominant position in Latin American e-commerce and its stock would benefit from that. There are even fewer with strong free cash flow.
Nonetheless, Johnson Controls represents the month of June on my list of best stocks to buy. In early November, Johnson Controls also announced its fourth-quarter results, which were excellent despite the challenging business environment.
I view JCI as a nice stock for risk-averse investors who also like a little dividend income — its dividend yield is 2. This maker of windows and doors represents the month of July on my best stocks to buy list.
Those stocks have mostly benefited from Covid However, on Nov. On the bottom line, it had adjusted earnings per share of 52 cents, eight cents higher than analyst expectations. As the focus remains on homes in , I expect Jeld-Wen to snap out of its funk and do well. Put simply, Apple has become so much more than a maker of smartphones. SVB Financial is the holding company that operates Silicon Valley Bank, the Santa Clara-based financial institution that focuses on entrepreneurs and innovators.
Instead, the balance sheet matters most. I think you owe it to yourself to check it out in That makes for an FCF yield of 5. Top-line organic sales fell 1. Also, operating margins increased basis points to That makes it worthy of this best stocks to buy list for Can you say recurring revenue? I maintain that NEE stock is one of the best stocks to buy for , representing the month of November on this list. NEE stock is a thing of beauty if consistent returns are your thing. Over the past three-, five- and year periods, it has annualized total returns of Both rejected the offers.
Like Hake said, a bid might come with more cash. Combine that with a year annualized total return of Right now, its FCF yield is 5. On Nov. In my book, helping customers save time and money are the hallmarks of any successful business.
DG stock is much more down-to-earth. In turn, that makes it one of the best stocks to buy going into the uncertainty of On the date of publication, Will Ashworth did not have either directly or indirectly any positions in the securities mentioned in this article.
Will Ashworth has written about investments full-time since He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia. Speculation on an Apple car continues to run rampant. Goldman Sachs just took a crack at estimating how much money Apple would make if it enters the electric vehicle market.
Dow Jones futures: As the stock market rally pauses near highs, Apple stands out, while Microsoft shapes up. Taiwan Semi and Qualcomm are large cap stocks to watch. Despite the novel coronavirus pandemic, was a strong year for stocks, and some new growth stocks in particular.
So where is the growth in likely to come from? Will these stocks continue to be all-stars or will other growth stocks steal the spotlight? Others are betting on a continued shift of capital into cyclical stocks. But whatever happens not all growth stocks are created equal heading into But despite its relatively cheap valuation, shares of the beauty retailer that specializes in fragrances, cosmetics, skin care and nail care have been rising sharply in recent months.
Since Oct. Specifically, Coty reported a surprise profit for its fiscal first quarter, announced on Nov. The company posted adjusted earnings per share of 11 cents, compared to the 5 cents-per-share loss analysts had forecasted. Wall Street is now hopeful that Sue Nabi is taking Coty in the right direction after several failed turnaround attempts for the cosmetics company that has been in business since Professional basketball, baseball, football and hockey should welcome fans back to stadiums and resume their regular schedules.
And it all bodes well for sports betting operator Draftkings. Not only will most major sporting events resume as normal in the New Year, but there are growing expectations that more U. Analysts at Oppenheimer recently noted that many states face revenue shortfalls due to the Covid pandemic, and, as budget deficits swell, they may turn to sports betting as a new revenue source. Oppenheimer expects New York, Massachusetts, Connecticut and Ohio to legalize sports betting in the coming year.
That would certainly help lift DKNG stock to new heights. And several companies are positioned to capitalize on the 5G revolution that is expected to take society into new technological realms. Qualcomm is one of the companies that will most likely reap rewards from 5G.
The semiconductor and software manufacturer is benefiting from the use of its microchips in various 5G wireless technologies and platforms. In particular, Qualcomm chips are being inserted into a growing number of 5G Android cell phones.
And analysts see big things ahead for the stock. Morgan Stanley named Qualcomm as one of 10 stocks best positioned to benefit from the global 5G roll out. Given the continued roll out and adoption of 5G networks and technologies around the world, the coming year looks very bright for Qualcomm and its shareholders. This is the time for companies such as UPS to shine, and the Atlanta, Georgia-based company is doing just that.
UPS is ramping up its operations and working double time to meet unprecedented demand and help all of us get through the global pandemic. Heading into , UPS has momentum on its side. The company saw strong gains in its third quarter earnings.
While UPS declined to provide forward guidance on its earnings, the company has aggressively expanded its North American operations throughout The company has also hired more than 5, employees amid the pandemic. As such, the company shows no signs of slowing down heading into the New Year. Joel Baglole has been a business journalist for 20 years.
What's next? American and Canadian governments provide many of the same types of services for those in retirement, but the subtle differences between the two countries are worth noting.
Bitcoin and its strong performance has been one of the biggest investing stories of Investors continue to pour more money into cryptocurrency. Here's how well bitcoin performed in Bitcoin Performance: Bitcoin has surged in price and hit all-time highs in December. Related Link: 8 Stocks To Play Bitcoin's ResurgenceStock Performance: Many of the stocks associated with bitcoin have surged in , including miners and cryptocurrency trading platforms.
Benzinga does not provide investment advice. All rights reserved. Nouriel Roubini, aka Dr.