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Bitcoin, Oil, Gold, Apple and Dow Jones, Who is the Strongest of Them All?

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  • Vadique Magenta
    📈 Price Predictions

    The nature of the origin of the trend determines the entire fate of the asset, as well as the development of the fetus in the womb in many ways determines human health.

Bitcoin, Oil, Gold, Apple and Dow Jones, Who is the Strongest of Them All?
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

I have been working in the technical analysis field many years and I know the importance of the trends, particularly their pivot points, that form at the very beginning of trading history. If the price is above the basic line, then it can return to long-term growth even after a huge drop.

We can say that the nature of the origin of the trend determines the entire fate of the asset, as well as the development of the fetus in the womb in many ways determines human health.

That is why I went back to the very origins, neatly marked out the four financial assets, including Gold, oil, Apple stocks and, of course, Bitcoin, as well as the Dow Jones Index to analyze the early stages of trend development and determine their impact on the current market situation.

Top 5 assets

The weakest is oil. Oil’s only ridge was broken on the second blow and since then the asset has no chance to grow and will likely remain on the bottom.

In fourth place is Gold, where the bottom of the trend is not in danger and its support looks only temporarily broken.

2

Third place is the Dow Jones Index, which drifted far from its foundations and is looking very strong in the global perspective.

3

Second place goes to Apple, where there is a total of three core support levels and none of them were affected throughout its whole existence.

4

And the first place goes to Bitcoin that has four support levels and none of them have been broken. Moreover, the fourth and weakest of them has already been tested and has proved its importance.

5

Bitcoin has strongest support

From this small research I come to the conclusion that the character of the origin of the trend does in fact determine the fate of the asset.

For example we can follow how weaknesses in Oil’s origins have affected the future. It can also be confirmed that among all assets Bitcoin has the largest amount of support that formed in the early stages and will support further growth throughout its existence.

Be sure to independently assess the market situation yourself. This review is not a direct recommendation on investments and speculative activity.
Wishing you successful trading!

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About the author

Vadique Magenta is a financial analyst with experience in cryptocurrency trading.

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$300,000 Worth of Bitcoin Demanded by Kidnappers of Belgian Teenager

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  • Alex Dovbnya
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    Kidnappers demand $300,000 for the release of Theo Hayez, a missing Belgian teenager

$300,000 Worth of Bitcoin Demanded by Kidnappers of Belgian Teenager
Cover image via www.123rf.com

The kidnappers of Belgian backpacker Theo Hayez demand a cool $300,000 worth of Bitcoin for the release of the missing teenager, The Australian reports. 

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The 18-year-old disappeared off the radar during his trip to Byron Bay, Australia, on May 31.

Bitcoin Ransom
image by 7news.com.au

The text messages of alleged kidnappers, which were received by the teenager's godfather Jean-Philippe Pector, claim that Hayez is still safe, but he was moved out of the Byron Bay area to Gold Coast due to an ongoing search. 

The text messages
image by dailymail.co.uk 

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After dealing with the initial shock, the distressed family member adopted a skeptical approach to these demands.      

“You start wondering ‘Is it true, is it not true?’ My first reaction was to immediately contact the police. Their response was ‘Don’t contact them, we will investigate that’.” 

The police found out that the heart-wrenching message was sent by someone from South Africa. Thus, Jean-Philippe Pector was likely to deal with opportunistic scammers instead of actual kidnappers.    

Whether this ransom is legitimate or not, such black swan events are not unusual in the crypto space. Back in October, a group of hackers attacked Johannesburg, South Africa's biggest city, and demanded 4 BTC for not publishing stolen data.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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