micahjmiller

micahjmiller

I think LendingClub has a genius business model. Giving an alternative investment for the average person and quick access to capital for the average person. However, this company is still losing money, they have had regulatory run-ins with the SEC, and have a Debt/Equity of 2.8. This company is taking on a massive amount of risk without much industry moat. From...

micahjmiller

After the quick move down in Bitcoin, we are in an oversold condition with the RSI. It is likely to see a bounce up anywhere from $5,200 to $6,000 from here, before continuing lower. We have yet to see a cross of the 100 and 200 weekly MA to declare a bottom, so there are likely further lows to be made.

micahjmiller

BTCUSD The most common question that I see in the cryptocurrency space is, "When will the new bull market begin for Bitcoin." The short answer is I don't know, nobody does. But, what we can do is analyze Bitcoin as an assets and look at its past boom and bust to get a better idea of how this asset performs within its own cycle. In its last cycle, Bitcoin...

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micahjmiller

COINBASE:BTCUSD As we know, each asset class has a cycle. Stocks have 7 year bull and 2 year bear markets. Commodities peak every 30 years. As for cryptocurrency, we don't have ton of data. The best we can do is look back on Bitcoin's cycles back to 2009. Apparently, Bitcoins cycles last about 2 years. There will be a 2 year period of growth, followed by...

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micahjmiller

Welcome, guys! Thanks for checking out my content. I hope this content gives you a good outlook as an investor, so you can attack these markets and be successful with your finances. The first point in this video that I touch on is the American stock indexes; the S&P 500, Dow Jones, and the Nasdaq 100. It's important to note that these indexes have had their worst...

micahjmiller Updated 

What's going on guys! It's another sad day for crypto HODL'ers as the price of Bitcoin continues to get hammered. I'm pro-crypto, but I'm not one to choose to go against what the market is telling us. If we look closely, we can see a negative resistance holding the price of Bitcoin down. It attempted to rise at $12k and $10k and failed at both price points. We...

micahjmiller

What's up guys! We see Bitcoin in a long-term triangle recently testing the bottom, now searching for resistance. We see volume has decreased greatly since it's high of $19k in December. This is signalling to me that market interest is extremely low, and we might be near a price where we can start accumulating along with the big players. HOWEVER: Bitcoin may...

micahjmiller

A lot of you out there are expecting Bitcoin to take off. I'm here to tell you that this is the beginning of a huge slide to the downside in the mid-term. Short-term, I also see downside. On my charts I've spotted two bear flags back to back which are known to be continuation patterns. Don't fight the trend, and be weary of trying to jump in on one of these flag...

micahjmiller Updated 

Bull Flag Forming for ? Happy Tuesday everyone. I was doing a bit of digging on the crypto charts and found this beauty... Looking at Ethereum on the 30 minute bar chart, it appears that a bull flag is forming. I've caught it a bit early, and it is still entirely possible that this turns into a more bearish signal like a triangle. Ethereum may be looking to...

micahjmiller

LTCBTC is currently bouncing around a major line of support with a triangle pattern formed. In the midst of this, it appears that it may be forming a medium-term head and shoulder pattern. If it breaks down from this support line, it certainly is. You may have noticed the drop in volume, this also has be wondering if the price will break down to the negative...

micahjmiller

Bitcoin (BTC) has been all the rage these last 9 months or so. Back in March 2017 BTC reached around the price of gold at around $1277. Personally, I didn't think that it could surpass one of the most coveted hard assets around. How wrong I was. BTC pulled back down to around $1000 in April. From there, BTC sky-rocketed up to its current price of $6,370 with...

micahjmiller

In the financial world, silver has been treated like trash. In financial markets, It's known as one of the worst possible investments along with gold. Yet, when you look at this chart, over time silver has massively outperformed the SP500 along with the Dow Jones Industrial average. As it catches it's breath, some are saying it will continue to tank while...