Bitcoin bounces $1,200 in an hour as bulls try to rally.
In today’s video we’ll discuss where price may be heading next, key areas to watch, I’ll answer your questions and so much more. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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Blue Apron is responsible for pioneering meal kits to the masses and went public in 2017, but they really had no competitive advantage. After Amazon bought Whole Foods, two weeks after Blue Apron went public, Amazon announced it was entering the meal kit business.
Than with the advent of the fast / gourmet delivery service companies, it gave consumer many more options.
SIDE NOTE: I know people who know people who will order one coffee/latte through grubhub even though Starbucks is one block away from their apartment building.
Ever since Blue Apron went public the stock has been in a decline and did actually go under the $1 level. Because they feared being delisted, Blue Apron did a reverse split to artificially inflate their stock price. Why is this important….
Blue Apron Holdings Inc’s beleaguered stock closed 35% higher on Tuesday after the meal-kit subscription service said it would add Beyond Meat Inc’s plant-based burgers to its menu, betting on a growing market for premium meat alternatives to attract new customers.
Blue Apron said its Signature Two-Serving Plan – a curated meal plan subscription – would include recipes using the Beyond Burger, a four-ounce patty with 20 grams of plant-based protein.
“We know a growing number of customers are interested in plant-based proteins, whether as an alternative to meat, a desire to explore a new ingredient, or an opportunity to make more sustainable food choices,” Blue Apron Chief Executive Linda Kozlowski said in a statement.
According to a report by Bloomberg NEF, the global investment in clean-energy projects has dropped to its lowest level in six years, at $117.6bn for H1 2019, representing a 14% decline yoy.
China has reduced its investment by 39%, following reductions in solar subsidiaries. The US and Europe also reduced their investments by 6% and 4%, respectively. Spending in Japan, India, Spain, and Sweden rose.
The drop follows a slowdown in renewable-energy construction last year, and coincides with a reduction of private investments into clean energy companies (down by 2% to $4.7bn).
Despite the drop in China’s investments, the country remains the world’s biggest clean-energy spender. Spending may pick up again in H2 as some big offshore wind deals come through and China holds an auction for solar power.
Analytics and Comments
Renewables were becoming unsustainable as the grid was already starting to fail to cope with them. In 2016, solar curtailment rates in China rose to 16% as a result.
This is the reason why solar plus energy storage is the only option, with massive growth already happening in places such as the US and Australia.
With growth in high power DC charging infrastructure, utilities and transmission companies will be forced in to invest in stationary storage, microgrids, virtual power plants, and electricity trading between households and commercial clients.
This is already happening and, in my view, represents a growth opportunity for the likes of big industrials such as Siemens, Schneider, ABB, and also smaller players such as Alfen, PSI and EPS.
The news comes at a time when a new study by PLoS One, a peer-reviewed scientific journal, reports that more than 75% of the world’s major cities will experience drastic changes in climate by 2050.
Bitcoin has officially created new local lows. We’ve been talking about a $9,400 target for quite some time. Today, price nearly hit that target, dropping as low as $9,420.
Looking at the daily chart, we can see that yesterday price decisively broke (daily open and close) the all important 21 day EMA. For those that watch my videos, you know this was your sell signal. Price has now broken below the 50 MA.
Today’s video was created just as price broke below $10,000. You’ll be able to watch my response as it happened in real time. We’ll also discuss where price may be heading next, key areas to watch and so much more. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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In my last update we discussed the real possibility of bitcoin breaking down to test $9,950 (0.618 fib), where I said to expect a decent bounce. Price has since done just that, bouncing right below $9,950 and currently trading around $10,500. If you took that scalp trade, congratulations!
Price has broken below the 21 day EMA. It found support right on the 50 day MA.
In today’s video we’ll discuss where price may be going from here, key areas to watch, price targets, and so much more. I’ll also answer some of your questions. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here: https://brave.com/wor485
Bitcoin is currently dancing right on top of the $11,000 support. Bears are threatening a break down that would lead to at least $10,650, if not lower.
Zooming in on the 4 hour chart, we can see the Bollinger bands starting to bottleneck. The 8, 21 and 55 day EMA are all converging with the 50 day MA. This suggests a larger move is likely to take place over the next 2 days.
In today’s video we discuss where price may go from here, key areas to watch, targets and so much more. I also answer some of your questions. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
If you found this post informative, please:
Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here: https://brave.com/wor485
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
If you found this post informative, please:
Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here: https://brave.com/wor485
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
If you found this post informative, please:
Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here: https://brave.com/wor485
Yesterday we discussed major resistance at $12,950. Bitcoin needed to decisively penetrate this zone in order to continue its bullish momentum. Bears were having none of it as price was rejected, falling as low as $11,550 before finding support.
The daily chart shows the bulls are putting up a fight, defending the 8 day EMA.
In today’s video we discuss where price may go from here, traps to avoid, key areas to watch and so much more. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
If you found this post informative, please:
Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here: https://brave.com/wor485
Trading can be difficult, especially in the volatile cryptocurrency market. Very few people can honestly claim to make consistent profits day trading. Like any skill, becoming a successful trader requires countless hours of studying and practice. Most people gain experience by trading with real money. This almost always results in a loss, at least initially. THERE IS A BETTER WAY!
Paper trading is a risk free way to learn how to trade, test new strategies or just sharpen your skills. All without actually risking capital. This video will show you how to freely use the paper trading function on Tradingview. I hope you find it helpful!
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
If you found this post informative, please:
Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here: https://brave.com/wor485
