Bitcoin halving comes and goes. Many new cryptocurrency participants either via direct buying or indirectly through newly available ETFs are hoping (praying) to see the price of bitcoin shooting higher after that. For many of these newbies, the much anticipated bitcoin event seems to signal the next up-cycle of the price of bitcoin. However, from a chart prospective, at least in the near term, how wrong that could be. For those who don't know, bitcoin is programmed to undergo halving every 4 years. This is the 4th halving event for bitcoin. Whilst it is true that mining rewards are halved after each halving event, it doesn't mean bitcoin becomes more precious. Fact is the total number of bitcoin that can be mined is fixed and known. Furthermore, most bitcoins that could be mined are
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Tesla - going for $200?
What a difference one week could make! I posted an article about Tesla on 23/4 prior to the result announcement. I mentioned that it was hovering near 143 with no support thereafter. I also mentioned I expect to see the price goes all the way to around 101 to test the next support. However, I also mentioned that I expect rebound to take place given its oversold position. Rebound it did with Elon Musk's flip out session! It continues to roar pre-market today towards $200! From the chart's perspective, on its way up, it managed to move above 50 days MA. This is a good initial sign, as the quick rebound has probably surprised quite a number of shorts, forcing some to unwind their positions. However, due to the quick run-up, it has also left a gap between 146 and 158. The
Tesla - going for $200?
Bitcoin - Halving done, so what's next
Bitcoin - Halving done, so what's next
Tesla - where to from here
It has been a long time since I wrote about Tesla. Probably this article is not going to be too well received. Tesla, with Elon Musk looming large, either you like it, or you hate it. I am in the latter camp. Give credit when credit is due. Elon Musk and Tesla has jumped started EV. Elon Musk is also the face of SpaceX and many other technology frontier. Many Elon Musk's worshippers have defended Elon Musk and perceived anti-Elon Musk as not seeing his brilliance as what he is. However, celebrating his vision and embracing his wilfulness is two different things. Despite what Tesla has done, we have to remember that Tesla will not be what it is today without the massive subsidies the US government threw behind in its formation years. Without those massive subsidies, Tesla won't be cra
Tesla - where to from here
$59 it will be, since it was 72% for the other debutee. I am applying the same illogical logic [Happy] [Facepalm] [Spurting]
$BYD Co., Ltd.(BYDDY)$ The start of something?
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