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Jonathan Hobbs, CFA Profile
Jonathan Hobbs, CFA

@jbhobbs

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Making sense of financial markets. Not investment advice. My opinions are my own.

London, England
Joined January 2020
Don't wanna be here? Send us removal request.
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@jbhobbs
Jonathan Hobbs, CFA
1 year
I've spent the past 6 months building a 20-video technical analysis course. Here’s the 1st video. From the 7th minute on, I cover 5 technical analysis case studies: #Bitcoin ’s April/May 2021 drop #SPX bottoming last year #Oil ’s M top last year #GBPUSD reversing last year
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@jbhobbs
Jonathan Hobbs, CFA
1 year
@Trader_Jibon First, it would only be forming a third top IF it starts to go down from here. You can’t say “it’s forming a triple top pattern” yet. Second, triple tops do not have an 80% hit rate. Statistically, the more price tests a ceiling, the more likely it is to break it.
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@ToniGhinea I agree that buying here is riskier - prices have moved much higher since your last "warning", so by definition, it is now riskier to buy as the rally has become more extended. But this risk has nothing to do with some deluded conspiracy that BlackRock is trying to "trap" retail
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@BitcoinNewsCom Even a broken clock is right twice a day
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@jbhobbs
Jonathan Hobbs, CFA
1 year
@ToniGhinea The key difference here is that the bitcoin spot ETF will likely be launched before the bitcoin halving. So it would still be very early in the bitcoin cycle compared to the other examples you have cited above - which were all launched at very late stages of the bull market /
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@AltcoinDailyio Their index funds own 10% of Coinbase. Those are passive investments. They have to buy the shares when they buy the index on behalf of their investors.
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@jbhobbs
Jonathan Hobbs, CFA
7 months
@BitcoinNewsCom Bitcoin hasn’t even hit 100k yet. Just take it level by level no need to get carried away.
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@jbhobbs
Jonathan Hobbs, CFA
1 year
Render token ( #RNDR ) has been one of the top-performing digital assets this year – having jumped about 300%. So if you’re wondering what RNDR is and why it’s gained so much interest from crypto investors, our latest guide explains it.
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@BitcoinMagazine The bitcoin bear market ended at the start of this year.
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@jbhobbs
Jonathan Hobbs, CFA
5 months
@BitcoinVanguard No. The bitcoin price at any point in time is the end result of buying and selling randomly among investors.
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@jbhobbs
Jonathan Hobbs, CFA
4 years
Here is a quick video on my new book: Digital Assets. Thanks to @antoniokmadeira from @CryptoCompare for writing the foreword. Grab paperback or Kindle here: Also on Apple and other online retailers. #book #cryptobook #bitcoin #digitalassets
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@jbhobbs
Jonathan Hobbs, CFA
10 months
@coinbureau But Satoshi Nakomoto is from Japan, right? So he wouldn't care what the IRS say 🙃
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@jbhobbs
Jonathan Hobbs, CFA
2 years
Money managers feel better about the economy than in November, per BoFA's January Global Fund Manager Survey. If you bought #stocks when recession fears peaked in March 2009 or April 2020, you caught the bottom of the global financial and Covid crises. Will history repeat?
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@jbhobbs
Jonathan Hobbs, CFA
3 years
Tried to send money from my bank to a crypto exchange today. Transaction held up by the bank “to protect me”. Now I’ve got to go to the bank in person to approve the transfer. And the bank wonders why I’m investing in crypto? #bitcoin
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@jbhobbs
Jonathan Hobbs, CFA
10 months
@BigCheds Now THAT really would be a “sell the news” event…
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@jbhobbs
Jonathan Hobbs, CFA
3 years
@bbands Been reading your book John. It’s quality!
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@jbhobbs
Jonathan Hobbs, CFA
2 years
Is #bitcoin getting immune to bad news? 1. Terra Luna implosion (yellow): huge drop. 2. FTX scandal (orange): big drop. 3. BlockFi bankruptcy filing (blue): meh. 4. Genesis bankruptcy filing (white): no impact. #BTCUSDT #ftx #LUNA #Blockfi #Genesis
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@Ninjascalp There is also hidden bullish divergence connecting the higher lows. Something to keep in mind on the other side.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
Hard to apply technical analysis to new meme coins, but #claw looks like it is trying to bounce. I baught a small fun bag in case the cats catch up to the dogs. #memecoins
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@TheMoonCarl Past performance does not equate to future results.
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@jbhobbs
Jonathan Hobbs, CFA
8 months
@MichaelSuppo SOL, MATIC, LINK, ETH, BTC. No shiny object chasing just solid fundamentals.
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@jbhobbs
Jonathan Hobbs, CFA
9 months
@AltcoinDailyio None. The point of trading crypto cycles is to make money. If $1M hits your account, you take the profits and cash out.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
#Ada could be a good shout. Volatility is on the floor right now, had nice pull back from 3 dollars. Assuming market does not dump I think this could really move once it breaks this compression 👀 #cardano
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@jbhobbs
Jonathan Hobbs, CFA
3 years
#ADA looks like it is confirming a bear trap here. Final confirmation for me of a strong upside macro move would be a cross of the yellow 21 EMA with the blue 50 SMA on a daily candle close. #cardano
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@jbhobbs
Jonathan Hobbs, CFA
2 years
The week is not over yet. But if #ETH can finish it above $1,750 on Sunday, it would have done something it hasn't done since the crypto market peak in November: make a higher low on the weekly time frame. Each bar is one week's worth of price movement. #Ethereum #TheMerge .
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@jbhobbs
Jonathan Hobbs, CFA
2 years
The #bitcoin halving is +- 64 weeks out. It's where the amount of new coins generated by miners per transaction block gets cut in half, making bitcoin's supply less inflationary. If past halvings are anything to go by, these build-up periods have been good times to stack sats.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
#bitcoin has been be very boring lately. If you are a trader, it won’t be boring for long. Now is the time be paying attention.
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@jbhobbs
Jonathan Hobbs, CFA
9 months
@gaborgurbacs They hold them in passive funds that track an index. Since the index holds MicroStrategy, they must hold it or they will not track the index.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
If there’s one thing I’ve learned with investing it’s this: Eventually the fundamentals win. #bitcoin
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@WatcherGuru $19.9 million is an insignificant position for the world's 3rd largest pension fund.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
If you’ve been in #crypto long enough, you eventually become political. That’s because crypto shows the inefficiencies of the current monetary system. #blockchain #Bitcoin
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@jbhobbs
Jonathan Hobbs, CFA
1 year
@JakeGagain None. Utility trumps all.
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@jbhobbs
Jonathan Hobbs, CFA
5 months
@JoeCarlasare I can’t tell you what it will do, but I can tell you with certainty that it will not go to $12k in the next 90 days…
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@jbhobbs
Jonathan Hobbs, CFA
3 years
@Sheldon_Sniper Yes, possible to get to support zone 1 now.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
@DominicFrisby @spectator The journalist of this article from @spectator does not understand bitcoin.
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@jbhobbs
Jonathan Hobbs, CFA
7 months
@ByzGeneral OG whales still control it.
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@jbhobbs
Jonathan Hobbs, CFA
10 months
@BitPaine @ewarren This is why blockchain makes sense as an alternative secure data and value storage mechanism. And why centralized attempts to KYC the blockchain make no sense.
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@jbhobbs
Jonathan Hobbs, CFA
5 months
@awealthofcs Time in the market is better than timing the market, it seems
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@jbhobbs
Jonathan Hobbs, CFA
3 years
@Sheldon_Sniper Keen to get your thoughts on my new book Sheldon!
@jbhobbs
Jonathan Hobbs, CFA
4 years
Here is a quick video on my new book: Digital Assets. Thanks to @antoniokmadeira from @CryptoCompare for writing the foreword. Grab paperback or Kindle here: Also on Apple and other online retailers. #book #cryptobook #bitcoin #digitalassets
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@jbhobbs
Jonathan Hobbs, CFA
2 years
#bitcoin is getting restless. Big move is coming soon.
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@jbhobbs
Jonathan Hobbs, CFA
4 years
Thanks to @Cointelegraph for reviewing my new book, "Digital Assets". Both the paperback and Kindle versions will be released worldwide on 13 April on Amazon and other retailers! You can pre-order the Kindle version on Amazon today.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
Volatility is decreasing on #bitcoin . Which means, now is the time to be paying attention. When the God candle comes, it will be glorious.
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@jbhobbs
Jonathan Hobbs, CFA
2 years
Bitcoin derivatives leverage ratios are at an all-time high, while the price has barely budged in weeks. Expect big liquidations of longs or shorts depending on which way this breaks. Big volatility ahead IMO. #CPI tomorrow could be the catalyst. #Bitcoin
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@jbhobbs
Jonathan Hobbs, CFA
7 months
If you are overexposed and considering selling on this dip, ask yourself: If you had spare cash on the sidelines would you be buying? If you would be buying, do not sell. If you would not be buying, sell.
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@ToniGhinea Depends on the investment and your investment time horizon I guess. If an asset is trending higher over time, it can be a good strategy to always hold some of it in your portfolio (i.e. be a perma bull) - assuming you can withstand the volatility in the short term. If an
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@jbhobbs
Jonathan Hobbs, CFA
10 months
@greg16676935420 Not necessarily. There may have fewer buyers than sellers, but the sum of the buyer’s buys was bigger the sum of the seller’s sells…
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@jbhobbs
Jonathan Hobbs, CFA
3 years
Today's #bitcoin update. My take on the current dip below $30K: #BTC #BTCUSD #Crypto #cryptocurrency #cryptocrash
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@jbhobbs
Jonathan Hobbs, CFA
3 years
#bitcoin highest monthly closer in history.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
Trade after the candle close, not before it.
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@jbhobbs
Jonathan Hobbs, CFA
4 months
@GertvanLagen Looks like we’re at the stage of the bull market where posting about the highest possible bitcoin targets drives the most engagement.
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@jbhobbs
Jonathan Hobbs, CFA
4 years
@cryptomanran Don’t short in a bull run. There is no need to. Even if it’s doge.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
Not yet confirmed, but a potential bear trap in progress for #bitcoin . For confirmation on the 1-hour chart, I would like the see the 21-EMA (yellow line) cross the 50 SMA (blue line). In my opinion, that would give bulls enough momentum to liquidate stops of leveraged shorts.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
An interesting fractal. #Gold today vs #Bitcoin after the March 2020 crash...Very #bullish on gold.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
#Bitcoin held the 200 day simple MA yesterday while altcoins are having a strong bounce. But bitcoin closed yesterday on a lower low, so it's important for the bulls that it does not now make a lower high. Analysis here: #ETH #BTC #Crypto #EGLD #Solana
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@jbhobbs
Jonathan Hobbs, CFA
3 years
#bitcoin hash rate had a major jump over the weekend. When the hash rate is up, it means more mining resources are being used to mine bitcoin. In other words, miners see it as profitable to mine bitcoin instead of taking their resources elsewhere. The network is healthy.
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@WClementeIII Absolutely, Will. Bitcoin is finite, so it tends to do well when central banks increase the global money supply - which happens during prolonged periods of slower growth (assuming inflation isn't too bad, or going down, which it now seems to be). When there’s more currency
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@jbhobbs
Jonathan Hobbs, CFA
10 months
@ToniGhinea With respect you have no idea how ETFs work. BlackRock is an ETF provider who buy and sell assets passively for their clients. They are not an actively managed hedge fund that shorts the market for their own gain. The market is dumping because of profit taking from crypto
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@jbhobbs
Jonathan Hobbs, CFA
5 months
@TheCryptoLark Maybe, maybe not. But there are much better investments than Ada so why buy it
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@jbhobbs
Jonathan Hobbs, CFA
4 years
@scottmelker 100% agree. ETH is not dead. And if something is not dead when everyone else thinks it is, that’s usually the best time to buy it.
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@jbhobbs
Jonathan Hobbs, CFA
1 year
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@jbhobbs
Jonathan Hobbs, CFA
11 months
Some (highly speculative) long-term dogecoin price analysis... #dogecoin #doge #memecoins #dogeusdt #dogeusd
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@DaanCrypto Well said. The problem traders have now is that it looks like the market wants to break out at some point, but they just don’t know when. So the trick is to get into a position, with a wide stop loss, so as not to get wrecked if there’s a quick pull back in the short-term. Wide
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@AGTG_TRADES @ToniGhinea They are investing so much into Coinbase stock because they have other “passive” ETFs and index funds that have to buy Coinbase stock because it’s part of the stock market index that those funds track. It’s not an active decision - they simply track the market for their clients -
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@jbhobbs
Jonathan Hobbs, CFA
3 years
Trendline break on daily RSI similar to what we saw in July last year. Don't know if the bottom is in. But a good sign of buyer strength increasing relative to sellers. #bitcoin #BTC #BTCUSDT #BTCUSD
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@jbhobbs
Jonathan Hobbs, CFA
4 years
#digitalassets is now available on Apple iBooks. Check it out!
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@jbhobbs
Jonathan Hobbs, CFA
3 years
The #crypto market is the most volatile market in the world. If you learn how to effectively trade it, you will always be financially free. #altcoin
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@jbhobbs
Jonathan Hobbs, CFA
11 months
A quick video update on the long-term prospects of Binance coin (BNB) – and my take on yesterday's news: Binance's potential $4 billion-plus settlement with the US Department of Justice (DoJ). #bnb #binance #binancecoin #cryptocurrency #crypto #technicalanalysis #BNBUSDT #BNBUSD
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@jbhobbs
Jonathan Hobbs, CFA
7 months
The crypto market has been extra volatile lately. So to cut out the noise and focus on what’s important, here’s some straightforward crypto chart analysis. In this piece, I've analyzed the Crypto Total Market Cap Index (TOTAL) in TradingView. TOTAL shows the market size of the
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@jbhobbs
Jonathan Hobbs, CFA
3 years
Another #bitcoin bear trap in the making
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@jbhobbs
Jonathan Hobbs, CFA
2 years
I keep seeing on Twitter that we need to see a “capitulation” event for #bitcoin to bottom. That’s certainly one way of bottoming. But not the only way. The other is a slowing downtrend until sellers run out of steam...
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@jbhobbs
Jonathan Hobbs, CFA
4 years
@cameron I wonder how many of @HSBC ’s newly wealthy clients will now take their future business elsewhere as a result of this. Seems like a poor long-term business decision, considering that bitcoin and crypto is going to be around for a very, very, very long time.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
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@jbhobbs
Jonathan Hobbs, CFA
3 years
It is the hallmark of every good trader to accept that they don’t know what the market will do next. This way, the trader is forced to have systems in place to mitigate downside risks when less expected outcomes occur. #trading #FederalReserve
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@jbhobbs
Jonathan Hobbs, CFA
3 years
@cryptomanran I did a study of that in this book Ran. Have a read!
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@jbhobbs
Jonathan Hobbs, CFA
11 months
Coinbase stock price analysis. #Coinbase Breakout Level: 3rd Time Lucky For #COIN ?
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@jbhobbs
Jonathan Hobbs, CFA
2 years
#Bitcoin blasted 39.8% higher in January – its best start to a year in a decade. Only in its really early years did it see a better first month to the year, with gains of 83.4% in 2011 and 51.4% in 2013. #BTC
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@jbhobbs
Jonathan Hobbs, CFA
11 months
@Crypto_Chase I'd say the best traders have taken profits on bitcoin already and have began recycling them into Ethereum and stronger altcoins.
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@jbhobbs
Jonathan Hobbs, CFA
3 years
#bitcoin volatility is very low right now on the daily chart. #Volatility will eventually expand...This will lead to a very big move for bitcoin in my opinion. Explanation below: #trading
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@jbhobbs
Jonathan Hobbs, CFA
8 months
ETHBTC Analysis: Ascending Triangle & Ethereum ETF Deadline Breakout? If you’re pondering whether Ethereum or Bitcoin will do better this year, take a look at this chart. It shows a potential ascending triangle forming for ether priced in bitcoin (aka the ETHBTC trading pair).
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@jbhobbs
Jonathan Hobbs, CFA
5 months
@AltcoinDailyio He would have to take profits first - unrealized gains don’t count
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@jbhobbs
Jonathan Hobbs, CFA
3 years
#BitcoinDominance is in the process of making a classic W bottom reversal pattern on the weekly chart. This suggests #bitcoin is likely to have relative strength vs. #altcoins over the coming weeks.
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@jbhobbs
Jonathan Hobbs, CFA
9 months
Bitcoin now vs May 2021: Moving average fractal in progress? As the old saying goes: history doesn’t repeat, but it often rhymes. The image below compares bitcoin’s current price action with what happened in May of 2021. Notice how bitcoin lost the 50-day MA first, then
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@jbhobbs
Jonathan Hobbs, CFA
9 months
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@jbhobbs
Jonathan Hobbs, CFA
2 years
Two charts. Top one is the S&P 500 and bottom is the Nasdaq. Both bounced at the 0.618 golden Fibonacci retracement level, meaning they retraced down 61.8% of their moves up in July and August. Let's see if they can reclaim the 0.382 Fib next. #Fibonacci #stocks
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@jbhobbs
Jonathan Hobbs, CFA
2 years
Excellent risk reward trade set up here to long GBP/USD (with risk below support). So far trying to bounce at the March 2020 lows. #GBP #Pound #Sterling
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@jbhobbs
Jonathan Hobbs, CFA
2 years
1/ Ray Dalio, founder of Bridgewater Associates, started his career in the early 1970s on the NYSE floor. As gold prices soared, he got into commodities trading, eventually getting his MBA and trading from a converted barn in Connecticut. #RayDalio #BridgewaterAssociates
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@jbhobbs
Jonathan Hobbs, CFA
9 months
Big Announcement: I’m excited to share we're partnering with @plutus – the UK-based fintech company that blends traditional banking services with crypto. I’m proud to publish our latest guide on staking for passive income. 🔗 Note that Plutus itself
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@jbhobbs
Jonathan Hobbs, CFA
2 years
Ethereum has been outperforming bitcoin for a while. From the Covid low until the bull run peak, ETHBTC gained 225%. From that peak until the last market low on June 18th this year, ETHBTC dropped 30%. But ever since that low, ETHBTC is up over 50%. #Ethereum #ether #ethbtc
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