Palto Alto Networks - New uptrendTechnical Analysis
We are breaking a previously tested resistance at $230.
To enter the new channel, we probably need to close above $235.
OBV is at all time highs.
RSI(10) @72, has been following setting lower lows and higher highs.
Overbought can continue to be overbought.
Check risk reward ratio in-chart.
** I would wait for a breakout to the new channel, or at least a pullback to the $230 now new support.
Cloud
LONG - BCHABC - Trading OpportunityBCH trying to breach the bottom of the daily cloud, as it failed on the previous attempt but now back at it again with stronger volume, the play here is to wait for the daily candle to close for a buy in opportunity.
Entry: 0.02984
Target 1: 0.0327
Target 2: 0.0352
SL: 0.0283
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USD/CAD Long Opportunity.We can see that the bearish momentum is fading, furthermore we have bullish RSI divergence, and price is now sitting on a key level of support. DXY is showing bullish movement and with the expected rate cuts in few days we will see a strong bullish move. Good risk reward ratio, so very tempting trade. Trade carefully and risk no more than 2% of account.
Netapp made a couple bullish trend line breaks; target 57On October 14, options traders bought a bunch of November puts on Netapp, apparently betting that the stock would get rejected from the trend line it was testing and fall further toward the high-volume support node around 40.50. Instead, Netapp successfully made two bullish trend line crosses. There's quite a bit of upside potential here. It should at least test 57. Possibly it will gap fill to 57.45, in which case the next target is about 62.50. In the most optimistic scenario, it could test the next trend line, maybe around 66.50 early next year.
The average analyst price target is slightly below the current price, which could be a drag on the stock. Cloud services like Netapp have been weak this earnings season, and Netapp next reports earnings on November 13. I'd tend to expect the stock to be bearish going into earnings.
However, analyst ratings on Netapp have been improving, and it's currently got a 6.9/10 summary score from Thompson-Reuters. Netapp also has an attractive P/E under 14 and forward P/E under 13. It's rated highly undervalued by S&P Capital IQ. If analyst firms raise their price targets after this trend line break, that could be an upward catalyst for the stock.
Bullish options activity implies an earnings win for MSFTOptions traders have been buying more calls than puts on Microsoft ahead of earnings, implying that they expect the stock to beat analyst expectations. It's close to the bottom of its recent trading range right now, making it a good buy today for a potential pre-earnings pop as well as a post-earnings bump. Popular strike prices are 140, 142.50, and 145.
Microsoft is one of the more reasonably valued mega cap stocks right now, with a P/E of 27 and an 8.7/10 analyst score. S&P Capital IQ rates it undervalued. Driving Microsoft's growth right now are its Azure, LinkedIn, and Dynamic 365 platforms. It's also getting back into the phone game, this time using Android rather than its own Windows operating system.
Long the retest of flipped resistance/ supportlot of factors at play here on the 1 day candles chart.
1. gold cross attempt
2. Stochs at 0 multiple days
3. Impulsive move down from impulsive move above $34
4. Goldman bullish story published
5. recently off of ex-dividend/ record date
6. 9/20 calls/ puts at 32.50 resolved
#bitcoin - 3D E-to-E (end-to-end) #ichimokuGood morning guys,
today we are having a very simple look at what´s been happening without drawing a single line or zone.
Fact 1: We have talked about the bearish descending triangle with the Quarterly Pivot as Support and been saying this has better odds to break down than up and it´s anything else than a bullish formation.
Fact 2: For those who know me well enough: the 3D-interval (my absolute fav) is essential looking at the Ichimoku cloud, Bitcoin has tested the P-Q once more whilst diving into the cloud and failed to bounce, this was the final hint.
Fact 3: The Yearly Pivot plus the support through the cloud has been clear target of this major move.
What happens next?
Assuming we ignore BAKKT, the Yearly Pivot is key, right now we could accumulate here and once more find support exactly at this price level (couple of hundreds of $ swings within). Asking myself how the odds are that we break down further doesn´t make sense right now, also a fact is, it would not be nice if we would as we might see levels as low as 5.4k-4k.
Without reversal signs, this is a an area that does not give away a direction and is, therefore, a classy no-trade-zone.
___________________________________________
Warm regards,
Neru
ORCL technicals at resistance level with earningsTechnical Analysis
On June 20th, we started and important channel, and we are back at this level at $55.5
Since this date, we have a slight RSI upward trend, with an even bigger OBV uptrend.
Fibonacci retracement level at 50%
Important dates
Earnings will be announced Thursday September 12th, after the close.
USOIL - Continuing to buy dipsTrade Idea
The move higher is mixed and volatile, common in corrective sequences.
Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher.
Previous resistance located at 57.40.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
News events could adversley affect the short term technical picture.
Preferred trade is to buy on dips.
We look to Buy at 55.50
Stop: 55.00
Target 1: 57.00
Target 2: 57.40
#litecoin - $100 remains level to break "3D"Litecoin is struggling to hold itself above a key support level around $90. LTC did not manage to hold the $100 mark, which has been tried and failed. If the 3D is going to close below this level tomorrow night, the picture is going to change to more bearish, possibly heading down to labeled supports. The Key-Leadline is broken and tested several times from below. Litecoin needs a serious push from wherever to save this, otherwise the Yearly Pivot seems out of reach for the near future.
Next support would be in the $70 area. Cloud is almost turning bearish, and Litecoin should not enter it.
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Warm regards,
Neru
Intel gobbles up Barefoot (cloud flexibility platform)I have always been grateful to have knowledge in both tech and finance.
To be able to Forex EMA 8,12,15,20,25,50 swingtrade & to be able to understand the tech behind the market.
People might read this headline in think so what big deal?
People have no idea the significance that cloud storage (specifically a platform that’s multifaceted, flexible, fungible , scalable, user-friendly and is garnering a massive buzz in the tech circle in Silicon Valley.
If you ask me this was a poor move; rather a cowardly one on the developers of barefoot. Unless one of their family members got a terminal illness and they needed money for medical bills or there’s some exigent circumstances that required them to need a large sum of money ASAP , selling Barefoot While still in its infancy is perhaps the stupidest move they could’ve done....comparable to Gates selling Microsoft IBM in 1988 or Zuckerberg selling FB to Microsoft in 2006— granted Microsoft and Facebook are much wider in terms of user base and market cap however with smartphones costing as little as three dollars in 3rd World poverty-striken, remote regions in Southeast Asia/India (courtesy of the American consumer) upgrading their iPhones every year so that they could refurbish our old iPhone 1-3 for practically pennies and that coupled with India’s most wealthy billionaire and venture capitalist/entrepreneur (as well as patriot to his nation) being a real estate mogul has made a massive investment in his country to install seven 4G Wi-Fi towers with a radius of 15 to 20 Km & putting them in the most densely populated regions of India... he is not only investing in his nation; He is modernizing India as a whole.
Some of you might not be old enough to remember the dreaded AOL dial-up robotic sounds or the 2 FPS bandwidth it came with (My God it makes me cringe thinking of how mining Cryoto on dialup would’ve been lmao) my point being:
They do not have to climb the rugs at the ladders from Dialup-broadband-1g-2g-3g-4g but with the $4 billion dollar investment in infrastructure ushering in the implementation of the cell giving the worlds worst second populous nation towers, he’s not only giving the worlds worst second populous nation—over 1 billion people (700 million of which are all within the range of each tower strategically placed by engineers, meteorologists, architects, sociologists & consumer based economic analysts to maximize user base and efficiency.
Just like that overnight india goes from having no cell phones to having 4G smart phones and this is something that is not widely discussed but really should be as the east will be the sole determining factor in the future of the crypto market.
One out of three people do not have a bank account on earth. When you narrow the region down to the south east Asia/India you’re talking 1/2 with no access to digital payments yet very much a need to use them just like the rest of us.
This is my argument and I stand by it for why I believe Omisego will be a game changer in 2020.
They are just now toying with their phones; playing Angry Birds, Adopting social media and finding their footing...It’ll be absolutely no time before they discovered Crypto and once they do you’re talking Roughly 3.5 billion people who do not trust the financial Infrastructures nor the governments at all.
What do you think they will do when they find out they can be their own bank? More so what do you think they’ll be inclined to do with they find out they could do it ANONYMOUSLY? I’ve visited Mumbai for a brief time circa 2014 & It was absolutely mind boggling to see bazaars & makeshift tents with merchants and consumers alike holding live chickens over their heads & bartering/paying for all goods with a QR code on the fabric of the tent.
Why do child soldiers exist in Africa? (Somalia, Libya, Nigeria, etc.) It was a rhetorical question.
The answer is because you could buy an AK-47 at any age from anyone for the cost of a fast food meal ($2-4) & when munitions are cheaper than food,
People will buy them and use them to kill others to steal food.
Without straying too far from the argument the point here is that much like ANY revolution be it the Internet, smartphone, social media, or financial...India will rapidly see a surge in GDP & much like Xi did with modern China, at least half 1 billion people will be lifted from poverty to middle class.
What this means for global markets is contingent of the Geo political situation when all is said & done.
What this means for the global Crypto markets is a massive parabolic bullrun. I’ve said it many times on Twitter (and other platforms) throughout the past 3 years since we begin our decline into cryptowinter...once we reach $100,000 on BTCUSD there’s no going back & it will only start early but slowly climb from there.
To be honest it might even be sooner because after half a decade of insider trading & Wells monopolizing pump and dump schemes, unfortunately.
That will be the threshold where price action cannot longer be manipulated as the minnows collectively will always determine market outlook and the whales have no choice but to go with the flow.
Anybody that’s “too big to fail” I.e. Rothschild Goldman Sachs JP Morgan Citibank Lehman Brothers & Wells Fargo (among others) Has already bought around 3700 bottom and this is not my opinion just go on the Blockchain network and look at the wallets with the biggest holdings in the top 10 market cap.
The very fact that they have had their entries for over 140 days and are still HODLing despite any selloff or reversal suggests that they took a “If you can’t beat them join them” approach after Trying to disparage / suppress crypto for over a decade starting with the silk road scandal.
But let me get back to the topic at hand. Intel is already a major tech hardware and software conglomerate. This acquisition was perhaps the smartest move on their part although if they waited a couple months they probably could’ve gotten it much cheaper nevertheless it will still pay off tenfold as they have major issues with data compression...
Apps and services like dropbox or Google Drive will be obsolete as intel finds a way to combine both their hardware and software from Barefoot to create data sets compiled into fractions of a megabyte. There are more reasons than I could list as to how this will change the game for one and perhaps most obviously, there will be no data plans.
Your phone bill price will fluctuate based on (presumably) bandwidth, As phones at 2025 and forward will be advertised NOT for the amount of data they could hold but how quickly they could process it.
Now this is still at least a decade away; but intel just made a huge move and you know the expression “buy the rumor, sell the news” and so a beautiful short position entry on intel is probably a good idea.
Let me emphasize why I believe it would be better to go short—I’ve dealt with this type of News time and times again.
There’s two types of headlines that could impact the market:
1) ASAP news (I.e. trump tweets “I am putting a 50% tariff on the entire world” which would probably send the market in a death spiral and
2) Patch/upgrade news (i.e. an announcement has been made; though practically irrelevant in terms of how it will be used in the company in the case of the intel acquisition— Just the news alone will spin the market to #FOMO.
This brings me to why I suggest a short position because after we see our upswing/growth from this acquisition news by intel and Barefoot; Almost immediately after you’re doomed to see a bunch of greedy shorts who will then start a dominos effect causing massive FUD & a sell off will ensue...afterwards a bunch of greedy folks will try to take advantage of said selloff by making a huge entry before consolidation.
I’ll be the first to admit I am no stock guru by any chance, yet I am a crypto wiz and when it comes to reading charts, indicators do not discriminate nor give a shit what it is.
Beit a currency, equity, bond stock, crypto; it makes no difference. Burkowskis DBL bottom will always result in the same chart pattern & The only difference being volume/mkt cap this timeframe.
So in summation for you “TLDR” folks out there —
intel just made a huge game changing cloud flexibility acquisition that will strengthen their market outlook for atleast a decade to follow.
India will contribute immensely to the global markets within the next year & if you can forex trade stocks, you can forex trade crypto and vice versa.
It’s just a bit harder with Crypto because everybody knows what Samsung & SIRI & Viacom does: nobody knows what the roadmap/whitepaper for Iota is. In addition to having to learn the tech behind the market cap tokens and coins, cryptocurrencies are the wild west of Wall Street in a global market that never closes.
I’ll admit at first I was a bit intimidated to branch out to nyse & Wall Street; yet after trading crypto from Q1 2014 to Q2 2016, I figured I would start with baby steps and so I branched out to first other currencies. Then commodities . Then bonds. Those stocks and I pretty much straight trade everything.
Institutional Wall Street investors with over 20+ years experience will resent me for saying this but the truth hurts: Forex trading crypto is like riding a mountain bike on gear 10 up Mt. Everest in a blizzard.
In comparison, to go & start trading on Wall Street/ NYSE , it felt like riding a 4 year old toddlers bicycle with training wheels on flat terrain....
So even though these wall st fat cats will never admit it— they envy us for we can do what they can and they can’t do what we can.
Research research research!!
If a bachelors degree is 248 accredited hours towards a specific field/subject and you spent 16 hours a day seven days a week for four years straight amassing > 3000 to 4000 hours of Self education and I’m talking rigorous off education it’s not for everyone for some people cannot teach themselves and that’s OK.
Hate to hit you with another cliché but knowledge is power.
We all have our strengths & weaknesses. Mine? I am a socially awkward geek loser with 0 friends. But I’m okay with it. I have my girl I have my family and I have my kitties and that’s all I need.
With that being said— Do not pursue this career choice as a Forex trader ( esp wit crypto) If you are is it for just the money. You will never win it that way.
If this isnt for you; cut your losses and find your niche, then go all in on that. Not only will you be up much happier person your quality of life will improve but you will also be successful. I promise you.
So that’s it for Tuesday mornings lecture as the morning bell has rung. Let the games begin!
Safe trading everybody. Peace & Love.
-@a1mTarabichi
Sia -The only truly decentralized cloud storage -update inc!A new update is just behid the door. I'm not telling that we are going to the moon right now, but Sia already reached its bottom and started new uptrend, which can be slow and steady but also there is good opportunity for some massive growth/pump at this point (negligible resistances, good BTC position, new Sia update - this all may bring us to 300-500% very quickly).
The new update will move Sia one more step closer to become the only fully decentralized cloud storage. Sia team is working very hard to reach their visions and the progress is awesome. The future is very bright for Sia. For this price SC has very good R/R ratio.
A few informations for people who don't know what Sia is about:
- Sia is decentralized, encrypted, peer to peer cloud storage platform. It is encrypted, multiplied, chopped into little bits, and then all those little bits are sent around to a bunch of different hosts. When you want access to your file, the appropriate bits are recompiled and you get your file.
- Sia has reduced overhead dramatically by building the framework and outsourcing the storage to anyone with an internet connection and a hard drive. That’s why it can charge a much lower fee. They multiply the bits in case a node holding a piece of your file happens to be offline.
- Unlike most new coins, the Sia team chose not to hold an ICO. Instead, Sia began life when its genesis block was mined. This is very unusual in the cryptocurrency world. However, so far this has seemed to work out for Sia. Thanks to prominent investors such as Fenbushi Capital, Raptor Group, Procyon Ventures, along with angel investors like Xiaolai Li, the Sia team managed to raise over $1.25 million in funding without an ICO.
Just imagine if any big company (paying big fees for data storage at this moment + dependent on 3rd party which can crash or whatever) starts using this technology to pay X times less fees and become fully independent.. Think about it and possibly you come to the conclusion that maybe there won't be better time to jump in than RIGHT NOW!