Keep an Eye on BEST Tokens by Bitpanda | 27 November close
S&P 500 Weekly Standard & Poor's 500 Price Risk Analysis Forecast
(Previous week in brackets)
|Standard & Poor 500||LT-M||MT-W||ST-D|
|Trend||↓ (↓)||↑ (↑)||↓ (↓)|
|87 (86)||75 (70)||78 (75)|
|Allocation Limit(30%)||Invested||0% (0%)|
27 November: Whilst the week produced another burst of Helium in the near unlimited size balloon, Tesla just continued towards $600 ending on a PE ratio of 1160. Makes sense right? S&P, across technical tools, is still showing extremely high risk in the Medium and Long term time frames. Not participating simply protects from that risk whilst removing all opportunity (read greed). It is the common belief amongst even conservative equity traders and investors that Modern Monetary Theory may be the answer to all traditional monetary evil after all. Sidelines is still the call even though new highs are again in play. 3650 appears a hurdle level, but nothing can surprise anymore in this bigger than ever divide between lower/middle and upper class
20 November: As Tesla is likely to become a member of the S&P500 family of stocks the company with sign TSLA hit a PE ratio of 1000 and closed well above it on November 20, 2020. This performance is nothing short of amazing and makes economists around the globe wonder what they're getting wrong. How many Dutch Tulip mania's are we witnessing at this very moment or is this a new normal? With global debt load increasing close to 17 Trillion dollars in 2020, surely this mania cannot be a new normal. And all of that in a Corona driven highly insecure global economic environment. But of course, the vaccin will demolish any future negative influences and create a world with prosperity for all, enough housing with 30 year mortgages under 2% and a fully modernised infrastructure. Wouldn't that be great.
We will stay away from all highly speculative markets until the world recognizes it needs to settle for calmer conditions to even have a future. The developing technical picture remains highly suspect which it has done now for 2 years. Our compensation with the present strategy is a serious but slightly smaller return on precious metals and almost everything else, except for a number of individual asset opportunities, is a bubble. Those bubbles are running out of oxygen at some point and we know what happens then. No Change.
Brent Crude oil Weekly Brent Crude Oil Price Risk Analysis Forecast
(Previous week in brackets)
|Trend||↓ (↓)||↑ (↑)||↓ (↑)|
|47 (46)||67 (50)||92 (88)|
|Allocation Limit(10%)||Invested||0% (0%)|
27 November: Vaccin optimism continued to drive oil price higher peaking midweek and slowing into Thanksgiving. This market does not look terribly strong even though the recent move is substantial. It lacks technical support with Weekly risk weight looking to develop bearish divergence and Monthly in very neutral ground without strong directional support, i.e no strong uptrend visible in any technical tool. This is a suspect market with only shortb term circumstantial fundamental reasoning. No Change.
20 November: Oil was strong this past week as a result of serious hope for revival following the vaccin phase 3 Trial results. This market is not set up for longer term investment allocation and should only be traded very short term with small speculative bias and with minimum leverage. No allocation in our portfolio. No change.
BTC Bitcoin Price, Weekly Bitcoin Price Risk Analysis Forecast
(Previous week in brackets)
|Trend||↑ (↑)||↓ (↑)||↑ (↑)|
|87 (89)||91 (93)||50 (92)|
|Allocation Limit(0%)||Invested||0% (0%)|
29 November: BTC dropped 20% from the high in volitile midweek trading now experiencing a weekend rally. Technically the short term looks a little bullish, but the continued overbought condition of Medium and Long term risk weight makes an allocation irresponsible, especially since we still do not understand the narrative that Bitcoin as is good as gold. A new daily high during the coming week is likely to develop bearish divergence inside the daily time frame. This could trigger a very rapid decline unless this asset simply continues just like Tesla. Technically we continue our belief that the chance of filling the breakaway gap at 2800 is still realistic. The battle between the fiat currency monopolists and the crypto token crowd is yet to begin and we could become witnesses to a very interesting money war.
22 November: The 80% Bitcoin price increase since mid September is nothing short of spectecular. The issue however is that BTC has become too much of a challenge for new investors, whilst retail investors are known to be slaughtered in highly speculative markets. BTC as a hard asset is still extremely difficult to understand for most people, ourselves included. We understand and read that some of Bitcoins ultimate opponents are now beginning to consider they might be wrong. Time for contrarian action? This is such a difficult call, but technically we can only see continued high risk, which indeed never means that markets cannot double again, and again. We have seen current levels before. In Mid Dec 2017 on the way up and down again. As risk weight resides in high risk territory any short term pullback can set up for another strong rally or be the trigger for a massive correction. We consider this market an edvery time asset bubble of higher degree which has become more accessible due to a universal technological revolution that has expandex exponentially in just ten years. The good thing is that we have invested in BEST tokens instead, representing the crypto revolution, but also a lot more than that. Crypto will surely be the future for many if not all asset classes and individual assets at that. But we stay out as we rightly or wrongly still believe in that 99% chance of filling all gaps. No Change.
Bitpanda Pro - BEST Token Price Risk Analysis
(Previous week in brackets)
|Bitpanda - BEST/EUR||LT-M||MT-W||ST-D|
|Trend||↑ (↑)||↓ (↑)||↓ (↑)|
|78 (82)||90 (95)||55 (96)|
|Allocation Limit(10%)||Invested||100% (100%)|
Bitpanda BEST token
29 November: A very interesting development during the past week that already started the previous two weeks from the 0,0825 level. Last week BEST broke its previous 0,0950 high and started the week with a continued solid move towards 0,1000. A break of 10 euro cents quickly drove this token up another 15% to a high of 0,1150 before closing the normal trading week at 0,0995 and now moving around that 10 €cents level during the slower weekend. The equally sharp correction from that 11.5 cents top has now created space for further short term rallies whilst Monthly is showing the potential for developing a real market high somewhere during the next 6 months. As this extra-ordinary asset with real potential is still in its infancy, the information from longer term technical tools cannot provide the same diagnosis as with highly liquid mature assets. We believe BEST tokens have similar potential as some of the best performing assets in and outside the crypto space and it offers serious real benefits for owners trading any asset on the Bitpanda exchange. One of the fundamental reasons for this potential success is Bitpanda's Pantos project supported by the 2018 PAN ico token now trading at $0,045. The PANTOS project could easily become the leading blockchain development of the 2020's putting Austria and Bitpanda on an exclusive path to dominance in a fully regulated world of 'New investing' and 'New banking'. If that dominance materializes BEST could even shown stronger price moves than Bitcoin. Long term hold.
22 November: BEST tokens have performed strongly during the week (up 5%), possibly and likely helped by the advance in crypto currencies, BTC in particular. BEST at this moment on Nov 22 is making a new season high above 0,0950 which makes as much sense, more sense in our opinion, as Bitcoin. BEST represents a perpetual real value benefit for anyone trading an asset on the Bitpanda exchange. We particularly like the introduction of physical precious metals on the Bitpanda echange. All current and future Bitpanda account holders will benefit for owning BEST as it not only still trades below its intrinsic value, but offers real discount on trading commissions if paid with BEST as well as an actual yield in the process. This is quite a unique phenonemon even in today's Fintech environment. It will not prevent the BEST token from trading well above its intrinsic value just like Bitcoin, any other crypto currency or equities like TSLA. Arguably BEST offers the same if not a better opportunity to increase anywhere between 3 and 50-fold. Or even become the 'go to' safehaven. Whatever the market wants to believe and offers a high enough level of trust becomes of microscopic interest.