META Platforms Options Ahead of EarningsIf you haven`t bought the dip on META:
Then analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week,
I would consider purchasing the 395usd strike price in the money Calls with
an expiration date of 2024-2-9,
for a premium of approximately $19.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Buysellindicators
LINK Chainlink Aiming for a Triple TOPIf you haven't bought LINK's Perfect dip mentioned in the last article here (52 week low!):
Then you need to know that with the stock market at an all-time high, I anticipate crypto assets to follow suit.
In this scenario, considering Chainlink`s chart as well, I think that we are heading for a triple top formation, with a price target of $17.60, before a correction.
CVX Chevron Corporation Options Ahead of EarningsIf you haven`t bought the dip on CVX:
nor sold the Double Top:
Then analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $9.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WDC Western Digital Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WDC Western Digital Corporation prior to the earnings report this week,
I would consider purchasing the 72.50usd strike price at the money Calls with
an expiration date of 2024-4-19,
for a premium of approximately $4.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
HFT Hashflow Price TargetBinance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is HFT Hashflow.
I've set a short-term price target for HFT Hashflow at $0.26.
Looking forward to read your opinion about it!
XRP Price TargetIf you haven`t bought the dip on XRP here:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is XRP.
I've set a short-term price target for XRP at $0.53.
Looking forward to read your opinion about it!
SNAP Options Ahead of EarningsIf you haven`t sold SNAP here:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of SNAP prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t sold DIS before the previous earnings:
Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $3.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
PLUG Plug Power Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PLUG Plug Power prior to the earnings report this week,
I would consider purchasing the 6usd strike price in the money Calls with
an expiration date of 2023-11-10,
for a premium of approximately $0.54.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CELH Celsius Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CELH Celsius Holdings prior to the earnings report this week,
I would consider purchasing the 180usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $10.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SCHL Scholastic Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SCHL Scholastic Corporation prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BIT BitDAO Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for BIT BitDAO is $0.32.
Looking forward to read your opinion about it.
CHFAUD Potential ReversalThere are indications of a potential reversal in the CHFAUD currency pair. The suggested stop loss is set at 1.626, which acts as a risk management tool to limit potential losses if the reversal doesn't materialize as anticipated. On the other hand, the take profit level is identified at 1.647, representing the desired price target.
It's important to note that technical analysis provides insights based on historical price patterns and indicators. However, market conditions can be unpredictable, and there is no guarantee that the anticipated reversal will occur or that the price target will be reached.
Looking forward to read your opinion about it!
Dogecoin DOGE Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My Dogecoin DOGE Price Targets:
DOGE/USDT short
Entry Range: $0.070 - $0.080
Take Profit 1: $0.065
Take Profit 2: $0.055
Take Profit 3: $0.050
Stop Loss: $0.0.090
Terra LUNA Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
LUNA/USDT short
Entry Range: $2.10 - 2.60
Take Profit 1: $1.95
Take Profit 2: $1.65
Take Profit 3: $1.00
Stop Loss: $2.95