and support, respectively. That, he thinks, is a much more speculative play, than investing in the base-layer protocol cryptocurrencies. Japanese candlestick on October 11, however, it lacked the momentum to pull the pair down below the 6,000 zone. The next closest proxy, according to Woo, is sales or, in the case of PayPal or bitcoin, the total value of the transactions that ride on their networks. For the first time, we can invest in these protocol stacks and any app thats built on them, you get a kind of cut, said Woo, adding: You can buy the real estate in which people plant down their businesses. Nevertheless, entering the market along with a strong bullish trend could be an excellent option. Stochastic Oscillators are bent southwards above range. A well-known cryptocurrency analyst, Willy Woo has revealed recently that he believes that now is a perfect time to buy the flagship cryptocurrency, Bitcoin, as its price is still undergoing a bearish trend and sitting comfortably under the 200-day moving average.
Willy Woo, Author at CoinDesk
Using Google Trends to Detect Bitcoin Price Bubbles Mar.
Hey there, Im Willy Woo, and this is simply a place for me to document my brain farts as I do some data-driven research on cryptocurrency as an investment.
You may find some of this work published on Forbes, CoinDesk and BraveNewCoin.
I hope you find this work useful.
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A proportion between the two data points led to a Bitcoin Network-to-Value (Bitcoin NV) Ratio and is similar to the P/E Ratio used in equity markets. Btcusd saw the formation of a bearish. The veteran Bitcoin analyst also gave a historical correlation between Bitcoin NV parameters. If you have any questions and comments on Bitcoin today, use the form below to reply. And while everyday investors might be bewildered by those concepts, its not too surprising for Woo, given his background. We shall find out. Binance is my favourite crypto to crypto exchange right now, the UX is great and their asset selection is solid. I hope you find this work useful. You may find some of this work published on Forbes, CoinDesk and BraveNewCoin. And sure it takes some initial due diligence Woo advocates researching the founders and advisers to see whether any big names are willing to put their reputation on the line for the project, as well as spending time in related social channels and forums. And with that thinking, Woo doesnt worry much about investing in applications.