Back in the 80s, it was easy to make money as a casino because there’s little to no competition.Then, competition stepped in as more casinos entered the business. And the players got “smarter”.At this point, market conditions have changed.And if a casino refuses to adapt to changing market conditions, it’ll go out of business.So what […]
According to a study by Cesilla Horváth and Richard Paap, they found that casinos’ revenue was correlated with economic growth.This means during a recession, a casino’s business will be negatively affected as fewer people visit the casinos.So, what do they do?Well, they could…Reduce the number of staff to reduce their expense since they have fewer […]
In recent times especially as Bitcoin began with its volatile movements to the up and downside from the 8th January till today, there is a meaningful discrepancy between mainstream media news and the actual Bitcoin price-action development. Such a pattern has already existed in the past and since the beginning of 2021 it became very clear. Always when the […]
Areas of supply for a market is at overhead price levels is what creates resistance. An area of supply is a price zone where many traders and investors are holding a stock and willing to sell it. Overhead resistance is created when people sell to lock in their gains at profit target levels. A supply […]
If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Technical analysis is largely impacted by some very important factors. One of those very important factors is the type of the market day. Analysing the type of the market day […]
Bitcoin has not made any progress since my previous article, which simply means the market is OUT of play. Price structure continues to present the same two levels of interest: 30K and 38K. Until price decisively takes out one of these areas, the consolidation is likely to continue. What to do? “Nothing” is a viable option. […]
BTC continues to trade in this descending triangle pattern, currently I see a rejection of the 35k to 35.5k upper trend line , indicates it could possibly range back downwards to 30k to 31k. We could test this 35k mark for a bit longer, we are approaching the end of this pattern which could bring volatility as we saw at the end […]