IA's Daily Digest 27 Nov, 2023 (Patreon)

InvestAnswer's Discord Daily Digest 📊 Date: 27 November 2023

thanks Josh 

Tesla:

• InvestAnswer (IA) emphasizes that we are still in the early stages of electric vehicle (EV) adoption.  We are about to go vertical on the S Curve - UK just hit that level following CA and Norway.
• IA dismisses concerns about energy grid infrastructure supporting EVs, noting an EV consumes ten times less electricity annually than an air conditioning unit. Clothes dryers are as bad.

BTC and Proxies:

• IA highlights MSTR's impressive stock performance since adopting a BTC strategy, outperforming various assets including BTC itself, index funds, big tech, and enterprise software stocks.
• IA comments on a macro economist's ambitious $70 price target for CLSK, significantly higher than IA’s conservative $12 estimate. IA notes that for CLSK to reach $70, its market cap would need to surpass $8 billion, a stark contrast to MSTR's market cap of $7 billion despite holding over 1% of the total BTC supply. (note IA believes 5M BTC are lost forever or until Quantum AI can crack it).  IA will do some modeling around this.
• IA doubled down on Bitfarms reducing his cost basis after they said they would build out 17 eh. That is a game changer.
• IA concurs with speculation that BlackRock might be acquiring BTC through miners to avoid impacting its price, as per a tweet shared by @Acrobat from @BitcoinNewsCom.

Crypto Assets:

• All 2023 we saw significant net inflows are observed from ETH to Solana.
• Post IA’s criticism of ALGO, the ALGO community has quietened, possibly strategizing or laying low.  ALGO fell out of the top 50 today.
• Echoing previous sentiments, IA reiterates a negative stance on ICP, which has plummeted 99% from its peak.
• IA always said Hex was the top crypto scam up against extreme competition.  Remember 98-99% of Crypto will fail.  Be in the 1%.

Trading Tools :

• IA describes the ATR model as highly versatile and simple to use but remember it is geared for the daily timeframe... sometimes 12 hour but not lower than that for optimal results.
• IA regards ATR as the simplest yet most effective model.
• IA advises using the LILO model best on an uptrend crossing the 200-day moving average within the past 6-9 months, citing TSLA as an exemplary case.

Stocks:

• IA acknowledges impressive earnings growth in $CRWD.

Note: This digest encapsulates IA's insights and analyses from the community over the specified dates, offering a concise overview of their perspectives on various financial and cryptocurrency topics.

Shout out to George 73 Crushing It