Tom Lee Owns His Bad Consensus Forecast But Was He Wrong?

While Tom Lee owns his consensus forecast, as a trader I know that markets often take out short term participants before heading to their eventual targets. As such, I am still weighting whether or not there will be a delayed "post consensus" bump. The thesis for this trade would be that short term traders were … Continue reading Tom Lee Owns His Bad Consensus Forecast But Was He Wrong?

Monitoring Tom Lee’s Consensus Bullish Outlook

In addition to reading the tape, quantitative price analysis, and technical analysis, are there any tools we can use to monitor whether or not Tom Lee's bullish outlook on Bitcoin based on Consensus is playing out or fizzling out? One possibility might be to use the Google trends to monitor searches for both Bitcoin  and … Continue reading Monitoring Tom Lee’s Consensus Bullish Outlook

Deflationary spiral possible for Bitcoin?

Reuters reported that Gemini has won approval to offer privacy focused ZCash. While recently, CME group announced the creation of an Etherium index. Recently, I shared analysis that might suggest that Bitcoin could be weighed down by MT GOX liquidator needing to sell over 100k+ coins. This is certainly another wrinkle. If we imagine deflation … Continue reading Deflationary spiral possible for Bitcoin?

Alternative Data Sources: Ideas to monitor for geopolitical and currency risk and crypto interest

I share an idea to monitor for possible geopolitical or currency risk by using Google trends to track the change in interest in Bitcoin and other crypto currencies. A comprehensive search would need to adjust for other factors such as news events, mining interest, speculation interest, etc. A quick review suggests possible increasing interest from … Continue reading Alternative Data Sources: Ideas to monitor for geopolitical and currency risk and crypto interest