BTC price right up against Realised Price, i.e. the average cost basis for all investors. It acts as a resistance level, but breaking through it has historically been a very good sign.
You may be suprised... Macro funds never sold their BTC in the 3 month bear slide.
Instead they went to cash by shorting on calendar futures.
Why? Because holding BTC and while shorting the futures market earned them 15% yield when bonds are pretty much negative.
Watching closely the number of new #Bitcoin addresses being created... 👀
A bullish divergence appears to be forming between this metric and $BTC price. I'd like to see the number of new #BTC addresses surpass 417,000 to confirm the optimistic outlook.
Basic arbitrage would be going opposite direction same industry two different assets. $KO vs $PEP would be a good example….then ofc you got to watch careful what the real experts do….#tradewithcaution@quantfury
I've been optimising a fund of funds portfolio using numerical methods. So you need to give it an optimisation criteria for risk/returns.
Findings:
- Sharpe Ratio is stupid
- Sortino Ratio is fundamentally broken
Does Wall Street seriously use this crap for ideal risk/return?
We did get a currency backed by the energy of the Industrial Age. The US petrodollar was backed by oil. Oil is centralised so lead to conflict.
#Bitcoin marks the transition to electricity for the Digital Age. Electricity is decentralised and leads to peace.
Circular reasoning - TETHER
The idea that we convert one fiat currency unit (USD, EUR, et al) into another fiat currency unit (tether) so as to protect the store of wealth of the first fiat currency unit is nothing but a gigantic mind fart.
I've seen similar price action to $GC_F $SI_F many times over the years. This has all the finger prints of a bank/brokerage house conducting forced liquidation upon a huge leverage speculator.
Quantfury (QTF) will be listed on Bitfinex!
QTF (ERC-20) deposits are now open. Trading for @qtftoken on #Bitfinex will start from 26/05/21 at 1:00 PM UTC.
Discover $QTF available pairs⬇️
https://t.co/pXhXfmeNIo
A short 8 year history of dips below NVT Price.
NVT Price estimates an organic valuation supported by long term investors (by using on-chain volume moving between them).
USD monetary inflation (M2): 37% over 2 years.
(USD M3 inflation is probably higher, but the Fed discontinued that metric right before the last financial crisis circa 2008.)
Types of orders
Mkt - at market
Stp - stop
Lmt - limit
SL - stop limit
OB - or better
MIT - Mkt if touched
FOK - fill or kill
OCO - one cancels other
MOC - mkt on close
HAP - hope and prayer
CIC - cancel if close
ONNAL - oh not, not another loss