BITCOIN long breakout possible if this current trend holds!There is a potential long breakout possible on bitcoin if this current trend holds and higher highs are made to break the near term fib resistance. A break of 10k is not enough to send bitcoin surging. A higher-high is needed and we will need a run to break 12k~ in order to make real gains. On the other end of the spectrum, we can see support levels at 8.7k~, and 7.9k~ and if both of these levels are broken down, we will have a few weeks/months before a real uptrend begins.
With the halving that just took place, if past trends continue, we should see a long breakout within 3 to 6 months. According to passed halvings, we should see a slight dip after the initial miners that can't stay on anymore begin to turn off. Some people believe the halving price was already factored into the current price of bitcoin. There is a lot more money in the system right now with every country printing money to help stabilize the economy. There are also many more people that are paying attention to bitcoin then there ever have been before in the past. This could be a potential moon landing for bitcoin but it also can really hurt it at the same time. People having the option to short bitcoin was one of the biggest contributors to the last bitcoin fall from 20k. There are a lot of whales in the game on standby and we are just fish in their ocean. If we do see a huge surge in bitcoin, there may be whales that will attempt to dump their bitcoin, which will cause major pullbacks during the rise. These pullbacks, if large enough could ignite a bear market for Bitcoin. If those dumps started happening now, I don't know if bitcoin will be able to recover for a long time.
In regards to COVID-19, we have noticed that as usual, when the market takes a downturn, people invest in gold as a safe haven for their money. As a result, gold has surged. There is the possibility that bitcoin can fall due to COVID uncertainty and market instability. There is also the possibility that people may finally start investing in digital gold as a safe haven, but not enough government regulation scares investors from getting involved. The recent surge we have seen in bitcoin could be the same reason we have seen a surge in gold, but it also could be a result of speculation with the halving. Only time will tell.
I am long on bitcoin because of the trends that are displayed in the chart and the real world. It is not a matter of why we need bitcoin and crypto, we know we need it. The market is not big enough yet. We are still just at the start of the race. I consider bitcoin digital gold and unlike the rest of the world, bitcoin has a set inflation rate and supply. Since we are still at the start though, it is possible for whales to influence the direction of the market, hence why I am giving the potential for both directions of bitcoin to ensue. The trends and indicators point up, but we will have to see what institutional investors think about the market.
2019
Novavax (NVAX): Tell me about my Schiff!I'm bull-ish on Novavax (see Related Idea). I think their approach to the COVID-19 vaccine is promising - their recombinant nanoparticle vaccine technology and Matrix-M adjuvant. They also have positive long-term prospects with their proprietary NanoFlu candidate. This is the big one to me. It's unclear whether COVID-19 becomes seasonal or not but influenza is established and recurring. It fact, it's becoming more difficult to handle with every year. The strains are becoming more advanced and unpredictable. Whether or not Novavax can produce a profitable candidate, I simply don't know. I believe that their patented tech is promising.
Novavax might not produce a COVID vaccine before its competitors (or at all) but they continue to demonstrate their technology and approach works. Example: ir.novavax.com
That being said, tell me about this random Schiff I plotted :)
Matrix-M Adjuvant: novavax.com
NanoFlu Phase 3 topline data: novavax.com
RSV F Vaccine: novavax.com
Gold Markets Continue to Build Pressure
Gold markets went back and forth during the trading session on Monday as we continue to dance around the $1700 level.
We continue to look at the $1700 level is an area that is a bit of a magnet for price. With that in mind, you should also notice that there is an uptrend line that sits just below forming part of the symmetrical triangle that the market currently sits in.
Fears of a second wave of coronavirus infections should support gold prices
Limited activities in spot markets could cap major upsides in near term as SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell marginally to 1,081.07 tonnes on Monday.
Fresh spike in coronavirus cases in places that have eased lockdown-related restrictions such as China's Wuhan, South Korea and Germany have stoked fears of a second wave of infections. Wuhan, the epicentre of the outbreak in China, has reported its first cluster of virus infections since a lockdown on the city was lifted a month ago.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell marginally to 1,081.07 tonnes on Monday.
Best Penny Stocks 🚀 to buy and watch in May 2020NASDAQ:EVFM
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FDA date of approval - 25th of May
Our Strategy with this Stock :
This company is a silent player in beer bug vaccination , I'm keeping an eye on it due to the strong upper trend of the company.
I'm putting two alarms, one at 2.99 to monitor any anticipatory run up.
I'm putting two alarms, one at 2.40 to monitor if it hit the support .
What’s the real story :
The beauty of Penny stock that I trade in particular , They are ALL pharmaceutical companies. The AMAZING part is 90% of Biotech penny stocks get approved , Still there is 10% that will go the other way ! That's why I'm here for my students to scan all the markets and give them the conclusion that I personally apply .
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Remark Holdings Strong Pre MarketBroken trend line EOD Friday does not concern me; just normal dip before close/weekend. Pre market has easily regained the trend and is holding strong above support. Possible dip buy opportunity near open around 1.02 - 1.04 area.
Looking at
PT1 1.18-1.20
PT2 1.34-1.36
10 minutes ago
Comment: Forgot to mention the large amounts of accumulation last week.
Fed Prints Money to Fight COVID19: M1 and M2The chart shows the sharp increase in US "money supply: upon Senate approval of a $2 trillion coronavirus stimulus package
Money Supply: There are two definitions of money: M1 and M2 money supply. M1 money supply includes those monies that are very liquid such as cash, checkable (demand) deposits, and traveler’s checks M2 money supply is less liquid in nature and includes M1 plus savings and time deposits, certificates of deposits, and money market funds.
The Federal Open Market Committee (FOMC) and associated economic advisers meet regularly to assess the U.S. money supply and general economic condition. If it is determined if, and how much, new money needs to be created.
NZDUSD
Here on the NZDUSD, we have a market that has just come into a level of resistance that I will be paying attention to for short trades. This is an area that has been tested multiple times as support and could possibly be a level that this market pushes down from. This would qualify as a valid Optimal Trading Zone where I'll be lookng to short.
Weekly Resistance Zone (0.60800-0.61820)
Also, NZDUSD is essentially in an Uptrend, with a slight indication that the market will continue in this direction if our Resistance Weekly Zone is broken. If the market does break our Resistance Zone, then this area will be an area that I look for possible long trades out of throughout the week.
OIL PRICES: Recent EventsOIL PRICES: Recent Events
The price of oil decreased substantially in 2020 due to the COVID-19 pandemic and the 2020 Russia–Saudi Arabia oil price war. On 20 April, WTI Crude futures contracts dropped below $0 for the first time in history. Oil Prices collapse into negative prices on Monday was a clear warning of just how scarce storage space for oil is getting. The following day Brent Crude fell below $20 per barrel.
"It will take time and money to turn it back on. It's not like a light switch," David Trainer, CEO of New Constructs, an investment research firm based in Nashville.
The outbreak of Coronavirus impacted the oil price as many people are staying home. The social-distancing and stay-at-home orders are thought to partly be one of the major factors that crippled the oil price market in the first place. Return of the oil boom is speculated to be coming in the next few months as the world reopen after COVID-19 lockdowns. The demand of oil is thought by experts to return and in turn increase oil prices in the coming months.
"When demand comes back online, there won't be as many people there to make the oil," said Trainer.
Profiting from a oil price CFD increase:
Let’s say you buy an oil price contract at a current market price of US$11.55 per barrel, believing the market price will rise by a certain time. If the oil price has risen at the expiry of the contract, you’ll make a profit based on the difference between the buy and sell price. However, if oil price falls below the buy price at the point when the contract expires, you’ll lose the trade.
Heikinashi Fibonacci Resistance Level: $28.77
Heikinashi Fiboacci Support Level: $0.06
HOME DEPOT ($HD): Essential Business Uptrend Scalp/Swing✨ New charts every day ✨
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Home Depot has been doing business through COVID, earnings were good last quarter and expectations seem reasonable for this quarter's earnings on the 19th.
Assuming this uptrend continues until earnings, there should be a a nice scalp long or two in here. Let's look for a setup.
Resource: www.earningswhispers.com
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1. Fractal Trend is signaling an uptrend (Blue bar color) on the 30 minute chart, and that means we can take long setups with our strategy.
2. With the strategy, we are looking to open a long position after a reaction from either a bullish orderblock plotted by Orderblock Mapping or a S/R level plotted by Directional Bias.
3. S2 and S3 look like they will act as support in the current uptrend and offer us a great entries.
4. Our target for our S2 entry (Scalp trade) is a retest of R1, with our stop loss just below the previous gap from the S2 entry.
5. The target for our S3 entry (Swing trade) is the right below the previous swing highs at ~245, our stop for the S3 entry is set below the S4 levels as we expect those levels to support price if we have a correctionary pullback.
6. Exit any positions if stop losses are hit or if Fractal Trend turns bearish (Maroon bar color) indicating a downtrend.
I used to take the bus!As we see more opening ups hapening , and more people going back to work I think those who felt safer on public transport, I being one of them will feel safer on ride hailing services... the golden cross in the MAs along with the bounce and this I think paint a nice picture for a 30% gain in short term , I would put the Stop Loss at 27$
VBI vaccines $4 EOY Target Successful completion of the pivotal Phase 3 program for Sci-B-Vac®, on-track for submission of regulatory approval applications in the U.S., Europe, and Canada expected to begin in Q4 2020
Announcement of pan-coronavirus vaccine candidate targeting COVID-19, SARS, and MERS – human clinical study material expected to be available in Q4 2020
Expanded immunologic, tumor, and clinical data from recurrent GBM Phase 2a clinical study of VBI-1901 expected mid-year and Q4 2020
Human proof-of-concept data from Phase 1b/2a study of hepatitis B immunotherapeutic, VBI-2601, expected H2 2020
Net cash proceeds of approximately $54 million added to balance sheet from underwritten public offering in April 2020
11 Million shares bought by insider www.sec.gov
Where is the Death Rate Allocated among?1142416 Confirmed - Recovered (12%)
66189 Deaths = 5% (Current-result death rate)
17% Known result
83% Unkown result
Forcing statistics result on the number of unkown result simply may serve to find the real result of the illness, though result vary depending on multiple factors among where the death rate is allocated upon such as immunity, not to say age because 37% are within 18-44 yrs old according to data from the CDC.
Based on numbers that are changing after my calculation, I will present what I had calculated. Assuming there was no further spread, to find the result for these numbers:
Confirmed: 1130494 Recovered: 141706 Deaths: 65605
5.8% Death
12.5% Recovered
81.7% Unknown = 923613
Of the unknown, recalculated: with the % found:
53569 Deaths, then,
754591 Unknown, (following this "% of" pattern)
43766 Deaths
+35757 Deaths
+29213 Deaths
+23867 Deaths
+19499 Deaths
+15931 Deaths
+13015 "
+10633 "
+8687
+7097
+5798
+4737
+3870
+3162
+2583
+2110
+1724
+1408
+1151
Last few based on discovered % death rate:
+6151
= 31% Death rate
Giving the % death rate as low in the news outlets allowed the perception of a minor disease = less care.
Possible Long on CSVWhat is CSV?
Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
This is an update to the previous chart, i posted. it looked like it was either gong to breakout or reject before and it seems that we got the rejection a few days ago with the whole market.
However, CSV has been playing this channel really nicely so we could take a long around $13.90 area.
Entry 13.9
target $15.9
stoploss $12.9
XSPA 1D - Awaiting breakoutThis represents ~20% of my RISK ADVERSE portfolio. Cost basis @ 0.40 but have been buying since the 0.30s.
This company is currently trying to add to it's current portfolio of Spa Centers located in airport terminals (post TSA checkpoints) to become testing centers for COVID.
Current news is that there are pilot programs going on, but the only location that seems to have actually started this program is the JFK airport.
I know they are in a lot of the major airports across the country and world so there is a big opportunity for them if they play their cards right.
Once the news hits that they are testing thousands of airport employees daily (pilots, maintenance crews, TSA employees, and potentially antibody testing).
This speculative play has a big upside and low downside as this was a 2 dollar stock prior to COVID, just operating as a spa in airports that will eventually get foot traffic back.
ALSO they have been diluting to raise capital so this has been keeping the stock price down with all the selling in the market. This should end soon and remove the selling pressure.
Do your own due diligence, IMO buying around 0.50 or below, if it closes below 0.48 they are in trouble. But I believe with the hype and dilution slowing down we see it hold 0.48.
PRICE TARGET: $1.00+
All it would take is 1 Press Release saying they will be testing all the pilots and TSA members as a matter of national security or Trump mentioning testing at airports during a conference to BLAST OFF.
GOOD LUCK
DISCLAIMER: I AM NOT YOUR MONEY MANAGER, THESE ARE MY OPINIONS AND NOT SOLICITED FINANCIAL ADVICE. TRADE AT YOUR OWN RISK AND KNOW WHAT YOU OWN.
$SPY: Fed induced rally hiccupsThe 6 week rally from the low on Mar 23 appears to be digesting the gains or struggling for direction, as you see fit.
$SPY ended lower for the week, down -2.65% on Friday on a very low volume day as most of the exchanges worldwide were closed for Labor day holiday. The critical 61.8% retrace and gap resistance is acting as a wall at present.
The US markets started May poorly, especially the small caps (IWM), which was trounced for -3.97%.
FED induced rally appears to be running out of steam. $SPY has lost the 20 EMA. Price and momentum are diverging. Cycles are pointing to a low around 3rd week of May.
Story stocks like $AMZM, $ZM, $TDOC, strong sectors like semiconductors (SMH) -4.71% are likely trading heavy due to anticipated 2nd round of tarriff war with China. These geo political tensions, alongwith economic devatation from Covid-19, does not bode well for the markets for the near future.
Technically the markets are showing weakness, though a supportive tweet or further FED stimulus can again rip the markets higher.
Bitcoin Up 23% YTDBitcoin is up 23% YTD recovering significantly after the COVID-19 crash. Bitcoin has performed better than gold (XAU/USD) amid COVID-19.
Disclaimer:
This is not financial advice in any form and is not an attempt to spread FOMO or FUD.
Do your own research and trade at your own discretion
$SPY : Absence of FED bazooka$SPY support is at 280 and resistance at 293.
$SPY is struggling to get past 61.8% level of the sell-off but has not yet triggered a sell signal. Talk of progress in treatment or vaccine for Covid or a supportive tweet can jolt the market from is current lower drift.
$SPY needs a bazooka from the FED to keep moving higher. But absent that stimulus #SPY is adrift.
If that was not enough US is threatening further tariffs on China.
All this contributes to a sour mood at the open in about 45 mins. $ES futures are down about 2.1% as of this writing.
APPLE bullish trend continueation forecastapple has been on a nice uptrend but has fallen a bit due to the the new corona virus...…
We can see that price quickly bounced up indicating that the situation most likely wont worsen for apple as more people are now at home.....they will be probably using there phone a lot more..which if anything is beneficial to apple.
so wait for the bullish breakout and buy the successful retest if in your opinion looks good...…….don't buy just because I said so u sld have your own analysis always!