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EURAUD WeeklyAs you can clearly see, EURAUD broke out of a rising wedge and shot in an upward direction of around about 1.82000. Breaking its current support and showing me good strength in the currency. I do believe if it breaks out of the yellow rectangle, which showed to be a good area of consolidation last time it got so high, it will drop to the resistance of the wedge and use it as support as it takes another go at rising. I do believe it will drop to the area of 1.74000 and test that support line before hitting back in the direction of 1.80000 - 2.00000. Follow this at your own risk, this is a chart made by myself and not following influence from other traders. Any profit or loss will be taken at own risk. I find this fun and therapeutic and am in no way a professional trader nor do I have a 100% success rate. Please be cautious of your account and all your capital. If you are unsure don't trade. Also please be wary off upcoming news events as most will be highly impacting. New to publishing charts so any feedback would be greatly appreciated. Thanks, R.
by RuairidhFX
1
Weekly look at GBPUSDI see GBPUSD hitting the 1.26000 1.27000 mark before dropping down to around 1.18000. A high impact news week and a lot of heavy decisions. I can see the pair beginning to rise until further GB news regarding CoViD19. Please note: This is a personal view, not influenced by any other chart creators, follow this at your own risk as the next few weeks seem very volatile and strongly depend on the news given by world leaders, I do not know the outcome of their actions/words until the same time you do, so please keep an eye on the news and react accordingly. This is also my first chart that I've published so any feedback would be appreciated, Thanks, R.
by RuairidhFX
NVIDIA to break $280 by 2023Bought 2 shares yesterday morning. Although Nvidia is predicted to find resistance where it is currently trading today, it will be able to break past $280 by 2023. Advancements in GPU technology has not even fully been realized for its full potential. Although there is competition in the GPU computation space, Nvidia has a foothold similar to that of Intel in the 1980s-1990s. This company will continue to innovate and return positive value for shareholders and customers.
NASDAQ:NVDALong
by youareallset
1
This is my Zcash Analysis Long termJust sharing my point of view of Zcash. i am just a very beginner at the technical analysis but being in the space for a long time. I did discover the bottom for zcash so now am thinking we are going to see much higher price in Zcash because i think the bull market has just been start. not only Bitcoin wil go up but also some of the best altcoins there will get you a very good investment return. Zcash will have its halving at the end of the year so that will pump the price even more. hopefully my idea will come true and i hope you all guys will get as much gains as possible! :)
BITFINEX:ZECUSDLong
by AliAl-Sharqi
1
My response to a friend asked if she should start using BitcoinTLDR: I think Bitcoin is good for humanity, and it’s worth researching it to see if its right for you. Disclaimer: This is not financial advice, this is my opinion. I started out thinking this would be a quick, one or two short paragraph post but then I ended up writing nearly 2000 words. There’s no easy way to give a quick explanation of Bitcoin, and money is an important subject to weigh in on so my communication needs to be clear. I’m giving my opinion about an entirely different monetary system than we’ve had our entire lives. I wanted to spread some information that I’ve found through a couple years of research and trading. Above all I just want to live in a better world and I think there’s always room for improvement in all of our systems. I’m willing to experiment to find out how to do that. The text is footnoted to help you understand some of the jargon and facts. I dedicate this to my brother who got me started with this. It’s his birthday today. Happy birthday Ty. -- By now I imagine most of you know what Bitcoin is or have at least heard of it, but still most of you haven’t thought to buy any and use it. I think it could make our world a much better place if we all adopted it as a means of paying each other. I’ve bought a few things online with Bitcoin. It can be spent in person too. I prefer to spend it instead of debit/credit if the vendor I’m purchasing from accepts it, but many still don’t. I feel safer using it, it is more secure than Fiat currencies1. I think if you’re a vendor, you should consider accepting it, because it gives you access to more customers (the Bitcoin spenders). I can understand peoples hesitation to buy it and use it, or get involved in other parts of the Bitcoin ecosystem. The price paired to Fiat currency is extremely volatile. It has a reputation for being used to purchase illegal goods and services, and it’s an obscure thing. Money in general is obscure because it has no intrinsic value (you can’t eat it, drink it, smoke it, wear it etc). Worth noting, exceedingly more Fiat currency is spent on illegal goods and services than Bitcoin is.2 I’ve heard many other criticisms’ as well. The fact you could buy some today, and it could be worth two thirds as much in a just a week; the cause being that many average people (or a few very rich people) decided to sell it.3 However, since Bitcoin’s inception, it has proven over and over again that if you hold on to it, it will increase in value over a long period of time. By doing this, it incentivizes saving. People don’t want to spend as much because it’s consistently increasing in value, so they save it instead. It increases in value when new Fiat currency flows into it from the public, and less Bitcoin flows out, which has been normal through its history. When more people are seeing that it’s value is going up, it incentivizes them to buy in. In theory, the ‘saving incentive’ means that people would buy less goods and services and conserve earth’s natural resources better. It is still in a very early stage in terms of becoming a meaningful currency that average people use, so these observations are speculative. It may sound like a Ponzi Scheme to some, but then what is Fiat currency if you look from a broad perspective? The main reasons it outperforms Fiat currencies is because it’s decentralized, and censorship resistant. No one entity controls it. It is not the property of the bank of any country. Each users holds their own unique keys to their money. It can’t be manipulated by any government, bank, or corporation. The creator of the software is anonymous.4 It can do cross border payments in a manner of seconds, and for a tiny fraction the cost of fiat, and make what were once inaccessible payments, accessible. There is no borders with Bitcoin. Governments tend to print money on a fairly regular basis which can artificially inflate prices of goods and services. Some very corrupt governments have printed so much money that it hyper-inflates their currency and becomes nearly worthless.5 Bitcoin has a fixed supply which will be about 21 million coins once it has all been mined6, so it’s not possible for it to be inflated. It’s built into the software to continue slowing production of new coins until it ultimately stops producing them. There is still a risk of the price of Bitcoin going to zero, everyone could decide to sell it and it would become worthless. However that risk theoretically exists with many currencies and part of my interest is what’s happening in the future for our children and grandchildren. Every Canadian could trade all their dollars for, say, US dollars, making Canadian dollars worthless. However unlikely, it’s a theoretical scenario. Everything starts somewhere. Bitcoin is brand new, it has only been in use for 11 years, but it’s possible it could be in use for the next 100 years and beyond. It depends on humanity’s decisions. This is a chart of the price of bitcoin over it's lifetime, relative to US Dollars. It has followed this parabolic curve it’s entire existence, and never fallen below it. One Bitcoin was worth a fraction of a penny when the software was first developed, to now over US $8000. It is, undoubtedly the best financial investment of all time for early adopters.7 If it continues to follow the parabolic curve, it will be worth US $1,000,000 around the year 2030. However, that’s a big if - no one knows precisely why it follows the parabolic curve, and if it will continue along it. There are only theories. One of them, the Stock to Flow model,8 is very plausible. It doesn’t explain the parabola per se, but gives evidence of what drives the price. What I would recommend if you’re interested, is to first do as much research as possible, then if you still feel it’s a good idea, try buying a small amount and see how it goes. You would be helping grow the ecosystem. You can buy as a little amount as you want. It is infinitely divisible. Remember, this is not financial advice. You must be willing to lose what you put in. There are also security measures that you should be aware of before purchasing. I can help you with this if you ask me. Also, as I side note I’m trying to encourage that people never sell for Fiat, and instead hold or spend it. This is what is best for the ecosystem. However I understand the desire to exchange back to Fiat to make profits that you can spend at the grocery store, or wherever. I do this myself. Technically, a trader is anyone who buys or sells. For those wondering what professional traders actually do, they provide liquidity9 for the market, so others can buy and sell easily. There is no get rich quick scheme. It takes just as much work, or more than the average job to make a living at it. In time you can get more efficient, and some people are able to master it and get rich from it, not unlike many other types of business. I am far from a master, but would be happy to teach what I know. This only scratches the surface, there are still many questions to be answered such as: how does our society work with this, how are governments responding, how can you loan and borrow Bitcoin, how are taxes paid, where can you spend it right now, what’s the best time to buy, where do you buy and sell it, how do you store it, how does mining work, what about all the other crypto-currencies, what is the blockchain, what is cryptography, what do you do about slow transaction speeds, and many more. I’ll do my best to answer if you ask me, but some of the answers are just my opinion based on the different sources I’ve read throughout the past few years. I don’t know if I’m right or wrong about the future of Bitcoin but my estimate is that it will be around for a long time to come. I’m doing the best I can to piece the puzzle together. Some of the facts I stated could have different interpretations. I did my best to fact check before posting because I think telling the most precise truth is most important, especially for something that could change everything we know about money. I might have got some facts wrong. If you see something please let me know. Thanks for reading. Leave a comment, ask me questions. Ask your friends questions and please share this freely. Cheers For similar content, find me on twitter @ aSongForThis Footnotes: 1 Fiat Currencies are what most people use around the world right now, including USD, CAD, EUR, JPY etc. 2 Cryptocurrency research firm Chainalysis noted that dark web transactions now account for just one percent of Bitcoin transactions, down from 30 percent in 2012. 3 When the software was first introduced to the public, there wasn’t nearly as many people involved, so a small minority of people who hold Bitcoin, hold large stacks of coins from the very early stages of development. These coins are being distributed to the public as time goes on, so intra-day trading can be very volatile in part due to these people selling and buying large amounts whenever they want, and often at strategic times, and likely working together at times. They’re often referred to as Whales, along with whoever else has large stacks of coins. 4 There are several people who claim to be the creator of Bitcoin software, but there has never been verified proof. When the software was released, a paper explaining the purpose of it was released with it, called the “white paper,” and was authored by an anonymous person who went by Satoshi Nakamodo. Weather the name’s real or fake we don’t know, and we may never, and it may be more than one person. The paper can be seen at bitcoin dot org 5 Examples include Venezuela, Hungary, Yugoslavia, and Zimbabwe. 6 Miners run the Bitcoin software, it is free and open-source. Miners solve complex math equations to verify transactions, and get rewarded for it. The costs of mining are hardware and electricity. Anyone can mine Bitcoin. Miners get rewarded with freshly minted coins and transaction fees. After all 21 million coins built into the software are minted, there will be no more. Miners are still necessary to settle transactions, and will earn their Bitcoin solely from transaction fees. This wont happen until the year 2140. 7 If you invested US one hundred dollars in mid 2010, and sold in late 2017, you would have made between US 30 to 40 million dollars, depending on the exact timing. 8 A model created by an anonymous Bitcoin user that has garnished much attention. I can’t post a link so search “Stock to Flow Model medium” 9 Liquidity is a term used to describe the availability of an asset. Bitcoin has enough liquidity for most common investors. Twitter @aSongForThis
BNC:BLXEducation
by aSongForThis
eGain to Break $9.00 Starting in Q3 2020I purchased 58 shares of eGain today at an average of 7.68. Expecting it to break $9.0 by Q3 2020. This company is undervalued. As a beginner trader, I am not able to articulate the technicals that can back this up but I am using this post so that I can review my pick down the road. I completed research using the following resources: " The 4 analysts offering 12-month price forecasts for eGain Corp have a median target of 11.50, with a high estimate of 15.00 and a low estimate of 8.00. The median estimate represents a +48.39% increase from the last price of 7.75." - CNN Business Forecast RobinHood estimated earnings versus actual continuously shows that a ctual earnings, since Q3 2018 have been higher than estimated. Previous Holding Experience with eGAN: January 15, bought 50 shares at 6.38, January 15 bought 8 shares at 6.41, January 17th bought 2 shares at 6.95, January 22, bought 66 Shares at 6.95, Sold 126 shares at 10.67. June 4th purchased 46 shares at 7.60, June 24th sold 46 shares at 8.22.
NASDAQ:EGANLong
by youareallset
5
ITV - (possibly?) broken out of 4 year old downtrendThe stock has been in the downtrend for the last 4 years. Since mid August 2019, the price has been moving up and so far has gained ~50%. It has broken out of the downtrend mid October 2019, retested the area multiple times and has continued rallying upwards (there is no decline in volume either). The moving averages are still facing downward on Weekly, but have now turned up on a Daily. Buy off a pullback and confirmation from support zone / bottom uptrend channel line and use a tight (is that the right choice here?) SL. Watch price action at ~£1.51 and ~£1.57 and consider taking some profits. The above is purely from looking at the chart with no idea about fundamentals. Should possibly have a look.. ;)
LSE:ITVLong
by pinc0de
1
Ultimate Beginners Guide For Bitcoin Profit in 2020As we head into December, We can see that the major drops I had predicted since November 14th has occured. Bitcoin is currently fighting to stay above the major Support line that developed back in march of this year 2019 when Bitcoin had the golden cross and rallied to 13k zone. This support line is set to break as we are no where near the end of our capitulation cycle. as you can see on the chart labled "C2" Allow me to further explain... Back in November 2018 we capitualted around the same time and the cycle brought us from $6,400 down to $3,200 once capitulation reached it's peak. See C1 label on chart. From these two capitulation zones we can chart our next two support zone.... First support being set to $6,400 labeled on chart as S1 If we fail to hold $6,400 zone, Then we will see another 50% capitulaiton completeing a 100% retracement back down to our previous capitulation lows of $3,800 Labeled on chart as S2 And If $3,400 doesn't hold... Well We could see $2,500 low Labeled on chart as "MOAB" Mother Of All Buys As Of right now, I am predicting our capitulation cycle will be completed in January. I will be buying in March of 2020 where I will hold until October or until further Technical Analysis depicts. Follow my Page for my updates.
COINBASE:BTCUSDShort
by ILL_Midas
14
EURGBP - LONG - DAILYPlease criticize and provide some insight on what I've gone good/bad or if I've completely messed up. EURGPB is in a long term uptrend since ~2015, I'd like to believe the current state from OCT 2016 till now is in a bull flag. I'm seeing a 61.8% retracement as seen on the chart, we could see a breakout-continuation of the uptrend providing we break 0.93210 successfully. It looks like we're currently waiting for either a pullback to the trendline or a break-retest of the CTL. An entry from the break-retest would give an SL of 105 pips, and a TP of 430, but hopefully we can get a pullback to the trendline for an even better entry. Thanks for any comments, criticism and advice!
Long
by MiyagiRy0ta