Me and my friends talked about sports bets on the NBA final soon but my one of friend said to us that “Its a waste of money, Eventually you will lose your money for nothing and you will not gain something in the end” so i realize that sports betting is not that good or enjoyable to some people they got bad luck.. I need your opinion guys and share some of your sports bets on what have you achieve from it
Gambling “not just sports” any type of gambling from Dice, Slots and Lotto are a negative sum game. people losing money are more than people betting. The house edge in sportsbetting is a little higher with an increase in transparency since the game is being played in front of you – so it should all be fixed –
Sports betting is one of my favorite games in gambling and I do not consider it as games with a house edge, I have the liberty to select the odds that I love and I can even have more than 2.00 odds for better return. It’s easier compared to other games as you have the chance to analyze the game and test your capping skills on where it will take you.
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The bitcoin market has been getting chopped to pieces for weeks as the market has faked up, faked down, consolidated and routinely stopped out traders. Last week, we discussed a due to a consolidated symmetrical triangle. However, the breakout failed to garner any momentum and ultimately flopped as the move upward quickly died down and ultimately reversed.
At the time of this article, however, the market is poised in a precarious situation as it tiptoes around historic support/resistance along the parabolic envelope: Figure 1: BTC-USD, 2-Hour Candles, Parabolic Curve Test
As noted in previous bitcoin analyses, this parabolic envelope has been the dominating trend for the last three years:
Figure 2: BTC-USD, 1-Day Candles, Macro Trend
Over Thanksgiving, the parabolic trend that was previously governing much of the three-year bull market broke upward as the market’s parabolic movement accelerated aggressively upward. Since the break to the top of the parabolic envelope, the market has been on shaky ground where, at one point, it even did a massive 50% retracement. Since that aggressive retracement, the market has yet to fully recover and resume any semblance of a bullish continuation. Currently, the once-supportive parabolic curve is now proving to be a point of resistance as the market has made several tests of the upper resistance.
To date, this marks the fifth test of the parabolic trend. This time, however, we are testing it from the bottom of the parabola. Previous tests from the top side of the parabola were swiftly rejected causing very little market activity to take place below the parabolic trend. It seems, yet again, bitcoin is at a crossroads as it decides if the upper parabolic resistance is too strong to resume an uptrend.
If the market continues downward, we can expect to find support along the low boundaries of the trading range (shown in blue), the linear trend (shown in pink) and the lower parabolic curve (shown in black):
Figure 3: BTC-USD, 2-Hour Candles, Next Lines of Support
Summary:
Choppy market conditions have led bitcoin to test the parabolic support — a previous guiding trend for the last three years.
A failure to break the upper parabolic resistance may cause a test of lower values.
Support will be found at the lower ranges of the trading range and along the linear and parabolic trend lines.
Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.
