What was that on Bitstamp? $8400 spike? Looks like someone had a pretty penny staked on $7350! As we head towards a potential new Higher Low, it's easy to post a chart and say, "Hey, good news, BTC is on sale! we could go up or we could go down!" Instead of stating to obvious and predicting a 50/50 sway, let's take a quick look and one of the biggest factors that affect crypto...the media. For markets all around the world, the buzz is that Apple is the first publicly traded company to hit $1 trillion dollars. Second closest is Amazon AMZN, in the 900 billion range plus and growing. Here's the difference, Apple is held in 400 billion shares and Amazon is in 471 million shares. $209 vs $1871 a share. For most if not all of us on tradingview, this makes sense, we all know what this means. But for those that are new to trading, and maybe have dabbled in crypto recently with BTC run up last year, the markets now have their attention.
People are listening. They are interested. Google Search shows Apple $1T. Investing will be the new Clash of Clans. Everyone will have a tradingview account. Similar to what we saw on youtube, as new and seasoned traders flocked to create their new channels, it's likely that we will see more approachable and coachable trading personalities bring the market into peoples homes. People will want to know how to buy Apple stock. People will want to know, "What's the next best buy?". Netflix has seen record gains despite missing the mark for their projected subscriptions. But with Apple and Netflix and so many more household names making news for their shareholders, one can expect day traders to be born daily. TA and charting will be better understood. We will see a flux. Apple stock seems cheap compared to Bitcoin. Apple stock belongs to a company that is "real"! "Hmm...I can get 35 shares of Apple for one BTC! Apple will hit 2 trillion! I'll be rich!"
We'll touch 6's but smart money will bring us back to the 8's. Sure 5's, 4's and 3's even 0 is possible. But not anytime soon. I predict, number one gifted present this Chrtismas...shares. Whether it be Crypto, Apple or other, this is the year of the rookie investor.
People are listening. They are interested. Google Search shows Apple $1T. Investing will be the new Clash of Clans. Everyone will have a tradingview account. Similar to what we saw on youtube, as new and seasoned traders flocked to create their new channels, it's likely that we will see more approachable and coachable trading personalities bring the market into peoples homes. People will want to know how to buy Apple stock. People will want to know, "What's the next best buy?". Netflix has seen record gains despite missing the mark for their projected subscriptions. But with Apple and Netflix and so many more household names making news for their shareholders, one can expect day traders to be born daily. TA and charting will be better understood. We will see a flux. Apple stock seems cheap compared to Bitcoin. Apple stock belongs to a company that is "real"! "Hmm...I can get 35 shares of Apple for one BTC! Apple will hit 2 trillion! I'll be rich!"
We'll touch 6's but smart money will bring us back to the 8's. Sure 5's, 4's and 3's even 0 is possible. But not anytime soon. I predict, number one gifted present this Chrtismas...shares. Whether it be Crypto, Apple or other, this is the year of the rookie investor.