The recent rally in Bitcoin is strangely similar to the rally that took place in 2017. Although the range of price throughout the rally is somewhat different, the structure of price throughout the rally phase is very similar. Our researchers believe this similarity suggests a peak may be forming in Bitcoin and the big volume on Monday, December 21, 2020, may have represented a “blow-off peak” in price.
Bitcoin 2017 Peak Structure
The following Weekly Bitcoin chart highlights the three rally phases that took place before the peak level was reached in December 2017. Pay very close attention to the structure you are seeing on this chart and the highlights we’ve made to help you understand how the price structure is being mirrored in the current rally phase.
Seeking online approvals can be the most challenging course that any brand has to follow during its initial years. And that s why digital media marketing services extend several assisting tools for brands to gain online recognition and new business. One popular channel is Google Ads (formerly Google AdWords). However, there has been some debate around how Google Ads doesn’t always generate a strong ROI, and hence there is absolutely no point in getting involved as it will zap your budget. But you should know the problem generally doesn’t lie with Google Ads itself, but more with the campaign strategy employed.
My last look at AI stocks buying levels early September had some of the must own AI stocks trading at ridiculously high valuations for instance Amazon was trading on an EC of 148 against a target maximum of 100! Which prompted me to HIT the SELL button on over 50% of my holdings despite the promise of huge gains in revenues as the pandemic sales and profits came in.
Firstly what are buying levels?
Buying levels are high probability technical levels that a stock could trade down to during a correction i.e. it s an achievable technical chart level that could be used to for instance to put in buy limit orders at just above the buying level if one is looking to accumulate more stock in any particular company i.e. the Buying Level for Google (Alphabet) was $1395, so a limit order at $1395 or higher would be the objective depending on how eager one is to gain exposure to the stock i.e. If I really wanted to buy more Google then the limit order would be OVER $1400 as stocks tend to fi
This is a continuation of my in-depth analysis into the buying levels for the Top 10 AI stocks to ride the electron mega-trend the whole of which was first made available to Patrons who support my work so
immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month.
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