Month: December 2024

Though this pullback isn’t pleasant, it’s healthy

InvestorPlace Digest: Between Trump’s win on election day in November and Bitcoin’s high last week, the granddaddy crypto exploded 57%. For perspective, if we annualize that gain, it comes in at just under 500%. That’s no longer a sustainable growth rate for Bitcoin given its near-$2T global market cap today. Keep in mind, all of this is happening right around the psychologically significant level of $100K, which produces its own extraordinary gravity. When Bitcoin approached $100K on the way up, this psychological level lured more buyers into the market in anticipation of the milestone. But once above it, Bitcoin was still influenced by the powerful psychological gravitas. Some traders took profits, resulting in small pullbacks, that scared weak-handed “me too” investors who then sold. Rinse/repeat and the gravity of $100K pulled prices lower, and then some. Today, we’re seeing a course correct that’s par for the course for Bitcoin. Too much exuberance, too quickly, leads to froth that results in a profit-taking selloff. This transfers Bitcoin from weak hands to strong hands where we begin the cycle over again. Bottom line: A 57% explosion that brings us to a massive psychological level requires time to digest. We need a pullback to regroup before a wave of renewed buying pressure can help Bitcoin achieve “escape velocity,” pushing it beyond the gravitational pull of $100K. So, how long will it take? No one knows. But I’d err on the side of patience and wouldn’t be frustrated if we move sideways for several weeks to a couple of months. But let’s be clear about what this isn’t – the end of the Bitcoin bull run Consider that Bitcoin has survived since 2009… experienced crashes of 94% (in 2011), 86% (in 2013), 84% (in 2017-2018), 50% (in 2020), 77% (in 2021-2022), and 40% (in 2023) … Meanwhile, it’s now finally seeing a wave of institutional buying pressure… has countries using it as official fiat currency (El Salvador) … and has our president elect considering an official National Bitcoin Reserve… And yet, the extreme bear case is that now, after finally hitting $100K, that’s when Bitcoin finally peaks and begins a slow slide toward $0 and irrelevance? Unlikely. It’s far more likely that we take a breather (perhaps a meaningful one) and then keep climbing. It’s also far more likely that my friend from the gym will be lamenting not buying at $94K come mid-2025. submitted by /u/FXgram_ [link] [comments]

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TKL: Are quantum computing stocks the next big thing? Call options trading value on quantum computing stocks is now 2,500% ABOVE average.

Call options volume in IONQ, RGTI, QBTS, and QUBT relative to their average volume has risen 10 TIMES in just 1 month. To put this into perspective, Nvidia’s, NVDA, record volume in March was 435% above average. As a result, the quantum company ETF, QTUM, has jumped 23% over this time and is up 50% year-to-date. A trend worth watching. submitted by /u/XGramatik [link] [comments]

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XAGUSD🥈Silver rebounded after a robust decline, facing a crucial 29.80 resistance zone. The RSI oscillator breaches above the 50-line, and the 9-MA crosses the 14-MA up, giving a short-term bullish momentum.

⚠️ XAGUSD🥈Silver rebounded after a robust decline, facing a crucial 29.80 resistance zone. The RSI oscillator breaches above the 50-line, and the 9-MA crosses the 14-MA up, giving a short-term bullish momentum. submitted by /u/Yuriy_UK [link] [comments]

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📊🤓💡US100, in a long-term bullish trend, has formed an ascending channel pattern. The price bounced off the lower trendline, crossed the ascending FRAMA, CCI came out of oversold zone, and it can cover the Imbalance.

💵 US100, in a long-term bullish trend, has formed an ascending channel pattern. The price bounced off the lower trendline, crossed the ascending FRAMA, CCI came out of oversold zone, and it can cover the Imbalance. submitted by /u/Yuriy_UK [link] [comments]

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HODL

submitted by /u/XGramatik [link] [comments]

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Historic moment for Telegram Pavel Durov confirmed that the company has become profitable: revenues have exceeded $1 billion, and reserves on accounts will amount to more than $500 million by the end of the year. All this is without taking into account TON.

Historic moment for Telegram Pavel Durov confirmed that the company has become profitable: revenues have exceeded $1 billion, and reserves on accounts will amount to more than $500 million by the end of the year. All this is without taking into account TON. submitted by /u/glira31 [link] [comments]

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TKL: This is wild – MicroStrategy’s (MSTR) daily average options volume has reached a record ~650,000 contracts. This marks a +1,000% increase over the last few weeks.

The vast majority of this volume has been in call options as retail investors have bet on the rise in the MSTR stock price. MicroStrategy is already considered to be a levered play on Bitcoin, a highly volatile asset. Through options, traders are effectively taking on even more risk on a levered risky asset. Has risk appetite ever been stronger? submitted by /u/XGramatik [link] [comments]

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Market Cap Titans of 2024: Apple, Microsoft, and Nvidia’s Trillion-Dollar Showdown

In 2024, Apple, Microsoft, and Nvidia vied for supremacy in the trillion-dollar market capitalization club. Apple, the first U.S. company to reach a $1 trillion valuation in 2018, briefly hit $3 trillion in January 2022. Microsoft followed, reaching $3 trillion in January 2024. Nvidia’s rise was extraordinary, starting from $360 billion in 2022 to surpass $1 trillion in May 2023, $2 trillion by March 2024, and $3 trillion by June 2024. By October 2024, Nvidia overtook Microsoft and challenged Apple’s long-held leadership. From U.S. presidential election day in November 5 to November 22, Nvidia outpaced Apple. Since 23 November, Nvidia lag the Apple and from 13 December to 19 December, remained behind Microsoft. In December 20, 2022, Apple $3.85 trillion market cap far behind Nvidia with $3.30 trillion and Microsoft with $3.25 trillion. https://preview.redd.it/b831oo81ol8e1.png?width=900&format=png&auto=webp&s=d01e98f6055ffbae6305340d2a83f6289554ad66 submitted by /u/Pllover12 [link] [comments]

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