Meta Crypto Education

Meta and other companies have a long-term vision of building 360-degree immersive worlds, which people will access through virtual reality goggles like Meta’s Oculus.

Sandbox: SAND is the utility token used throughout The Sandbox ecosystem as the basis for transactions and interactions. It is an ERC-20 utility token built on the Ethereum blockchain.

Decentraland: MANA token is the native currency of Decentraland. It is a cryptocurrency (ERC 20) and can be used to buy in-game goods and services

NASDAQ – Valuation Review

NASDAQ’s PE ratio is now 27X forward earnings with 2022 earnings growth rate forecast at 12.3%. The recent rally is a significant extension given the move higher in interest rates.

The graph below looks at the valuation of the S&P relative to US GDP.

9/4 update: The downside momentum continues in the NASDAQ.

Bitcoin – Sell Signal

The rebound in the NASDAQ has been sharp and it’s possible we’re now looking at a level of overhead resistance. For crypto investors, this provides an opportunity to consider hedging or an outright short position.

The strategy requires a stop loss which means any short exposure is closed out if the market rally continues.

7/4/22 update: BTC-USD has rolled over and the technical setup remains negative.

Bitcoin – Sell Signal

The rebound in the NASDAQ has been sharp and it’s possible we’re now looking at a level of overhead resistance. For crypto investors, this provides an opportunity to consider hedging or an outright short position.

The strategy requires a stop loss which means any short exposure is closed out if the market rally continues.

Coinbase: Crypto Infrastructure

Coinbase is a NASDAQ listed stock, Coinbase Global, Inc., branded Coinbase, is an American company that operates a cryptocurrency exchange platform.

The company is part of our Crypto Infrastructure list and model portfolio constituents. After 4 months of heavy selling, Coinbase is now finding increased buying support, and the technical indicator set up highlighted in the chart below, identifies our recent trading alerts.