DOGE REVERSAL ?!BINANCE:DOGEUSDT
Taking a look at doge for some reason lol
but hey check it out it is doing some very interesting things!
obviously when Elon is in the news for buying an entire social media platform you may see a reaction out of his favorite crypto.
taking a look we can see that DOGE is holding the 886 fib level like an absolute legend rn.
its also showiing so heavy hidden bullish divergence
AND
a nice local inverse head and shoulder.
all these can be seen on the daily timeframe.
is DOGE gonna set the trend for crypto in the near future? or will the markets just continue to drag all of crypto down?
let me know what you guys think in the comments
happy trading
mindset matters
Elonmusk
TSLA: It's the beginning of a slow bleed?The Twitter deal was the pin that popped this bubble? Musk is no doubt a brilliant man, but this is just one more thing that divides his attention. In my opinion, the psychological support level is 420 (50% lower). The yearly performance is still up 30%, I expect more profit taking ahead. There is also significantly more competition in the EV space.
BITCOIN 4H TA : 04.27.22 (Update)By re-analysing the bitcoin's chart in the 4-hour time frame, we see that the price is still in the support range and should consolidate above $ 40,800 to start a new uptrend. With $ 37,700 support, we can expect to reach the targets identified in the previous analysis.
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.27.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
DOGE - Shift In Momentum!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DOGE is approaching a strong demand zone in green so we will be looking for buy setups.
on DAILY: DOGE is stuck inside a range in the shape of an inverse head and shoulders pattern.
Trigger => Waiting for a momentum candle close above the blue neckline to buy.
Meanwhile, until the buy is activated, DOGE would be overall bearish and can still trade lower till the lower orange trendline.
In this case, we will be looking for buy setups on lower timeframes.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SHIBUSDT 1D TA: in a Wedge PatternThe price is in a wedge pattern that can be attractive in two ways if it fails. If it is broken from the top, it can move up to the resistance range, and by breaking the resistance, it has attractive targets. Otherwise, a downward trend occurs with the pattern breaking down.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Elun Musk has power to explode tweeter???As we saw doge coin experience last year its pump to 0.7 and its fump to 0.14 , I personally expect this dump dor tweeter to 24 and even 12 .
The channel can break from bottom but it is based on weekly timeframe and long-term analysis
NFA
It is my opinion and it is not financial advice
Bullish Fundamentals BTC/ Harmonic pattern dailyHello All!! So Glad to be here today 😃
Short Technical overview: 🧐
Upon technical analysis we created a Bullish Shark 🐮🦈 pattern, and have been in an upwards (ascending channel,) ever since. This movement allowed BTC to break its 3 month descending price action ⭐👏
Since ascending channels can be considered bearish, we have laid out some resistances (bearish targets)🐻🎯 ahead, in the event that the bullish shark/fib extension targets don't play out.
I am looking to hit a few of our bullish targets 🐮🎯listed above, and possibly push out of this ascending structure ⤴🔝 towards ~60k.
We are at the bottom of the channel currently, if we break below, this prediction is unvalidated.
Fundamentals: 🐶
For today🌏 we are focusing mainly on Elon Musk as he has a lot of influence in digital finance
With concerns of one of the only semi-uncensored media platforms becoming increasingly censored and biased🙈🙉🙊, Musk started adding stacks💸 of Twitter stock to his portfolio ~ Jan 23rd 2022 ,
Since Elon Musk has been gossiping about buying Twitter in the recent weeks, investors in Bitcoin have been rejuvenated💧 as free speech and decentralization kind of go hand in hand 🤲🆗
~ Half of BTC investors started investing in 2021, if you know about Network effect 💻📳 and exponential growth ↗, this is very alarming⏰ and should not go unnoticed 📌👀📈👍
What do you think Michael Saylor would do
🌪
Thank you so much!!!🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment. Always have a stop loss ✋🛑💲 set🆗
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Jazerbay 🌠
Why Investors Should Be Wary of Doge and Twitter SpeculationsThe recent news about Elon Musk (who is an avid fan of Dogecoin) buying Twitter sparked rumors of a possible rally around Dogecoin in the near future. On Apr 25th the coin climbed over 20% in price in one day.
As the chart shows, however, DOGE quickly tanked shortly after its initial climb - which has mostly been the pattern of the coin in the last few years. The populist nature of Dogecoin's branding makes it susceptible to hype-trends, which often climbs in response to the news or trends on social media but struggles to maintain longer term growth.
This isn't necessarily a bad thing - the community itself has made utility and accessibility an explicit goal for DOGE and in that aspect, the coin has done very well. And past performance indicates that DOGE tends to be more resilient during downturns since it functions more like a stablecoin in practice.
This might not necessarily be what DOGE holders want to hear, but it's important to make a distinction between coins designed for speculation vs one for utility, since it tends to affect prices in a very different way.
INVERTEDE HEAND & SHOULDER PATTERN Upon announcement that Elon musk bought the bird 🐦 app, doge coin rallied 24% in a day, the meme coin has formed an inverted head & shoulder pattern, for bullish rally, on its way it will break my 200EMA and touch my trendline to setup the bigger timeframe decending triangle.
@De_Dommex
It's at a support ☺️ currently with BTC deeping more and more.
Fundamentals will play a huge role in those meme coin chart play.
Elliott Wave Analysis On Twitter: Be Patient With Bulls Twitter.
Don't get too excited with "Elon Bulls" just yet.
New projects, and changes need time to develop, and lot of work is needed before ideas are put in action. It won't happen overnight.
Time (cycle) and price pattern analysis suggest a potential multi-year swing low for stock in 2023.
Moving on...Let's see how DOGE is behaving.
This is a 1H chart. (Short Term)
Elon Musk has bought Twitter for $44 Billion, and as soon as the news came out, Dogecoin pumped to the first resistance level.
After touching the resistance level, it got rejected back to the support level, and the support level couldn't hold the price, so as you can see on the chart right now, it's below our support level.
More news about Twitter can affect the market, so be careful with your positions.
Support levels: $0.1491
Resistance Area: $0.1669
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing BUY volumes for DOGE.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that DOGE is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.1483
Let me know your ideas.
Good luck.
Tesla (NASDAQ: $TSLA) Heading To 50-Day MA After Twitter Buyout!Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; and purchase financing and leasing services. This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products to third party customers; services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
BTC Vs FED FOMC Meeting"Elon Musk Buy Twitter" news work as fuel for Market. DOW Bounce near 600 point and bitcoin back to $40000+ after announcement.
$42500 is major resistance for bitcoin and Market cant ignore FED FOMC meeting on May 4. Bears will like to play short near $42500. Daily closing above $42500 will create fresh momentum in market.
If BTC hold $37k support till May 4 than it will be very good for Bitcoin market.
BTC VS FED FOMC Meeting: FED FOMC meeting turn into one of the main trigger for Bitcoin. We can see in chart that BTC price slip before Fed Meeting, before going up again after. Same we saw from last 4 days. Twitter news has been pumping market but its good to eye on daily closing, But be ready for volatility, Market can give more opportunity before FED FOMC meeting
Twitter BULL FLAG? Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions and news. The company's services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet. The company can also be used as a marketing tool for businesses. Its products and services include Promoted Tweets, Promoted Accounts and Promoted Trends. Twitter was founded by Jack Dorsey, Christopher Isaac Stone, Noah E. Glass, Jeremy LaTrasse and Evan Williams on March 21, 2006, and is headquartered in San Francisco, CA. The listed name for TWTR is Twitter, Inc.
$DOGEUSDT Supernova 💫❤️🕊️What is Dogecoin (DOGE)?
Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply.
Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.
The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
What you need to know to trade Twitter ahead of Thursday’s earniTwitter (NYSE:TWTR) is set to announce its first-quarter earnings results on Thursday and some analysts expect the microblogging platform to again incur losses on the back of its increased infrastructure and marketing spending amid tight competition.
Saturated market
The company, once among the most popular social media channels globally, has become old news particularly to young people with the emergence of platforms like TikTok and Snapchat (NYSE:SNAP).
Facebook (NASDAQ:FB) remains the market leader among social networking sites globally in 2022 in terms of the number of monthly active users, while Twitter has lagged far behind WhatsApp, Instagram, WeChat, TikTok, Snapchat, Telegram and Pinterest in terms of the number of users, according to data from Statista.
Stronger market competition over the past years has prompted Twitter to boost its spending on research and development, and sales and marketing over the recent years.
Losses mount
In 2021, Twitter’s R&D expenses ballooned 43% from 2020 to $1.25 billion, while sales and marketing costs surged 32% year on year to $1.18 billion. These pushed the company’s overall costs and expenses up 51% to $5.57 billion in 2021 and resulted in a net loss of $221 million for the whole year.
Still, the figure was down from a net loss of $1.14 billion in 2020 when the pandemic battered the company’s operations. For the first quarter of 2022, Twitter expects GAAP operating loss of between $225 million and $175 million, against an operating income of $52 million in the year-ago period.
Twitter also expects its quarterly revenue to range between $1.17 billion and $1.27 billion, up from $1.04 billion last year. Analysts expect the company to post a 22% jump in Q1 revenue to $1.57 billion, significantly up from the company’s targeted range. The analysts pegged Twitter’s earnings per share for Q1 at $0.33, down 13.2% from last year.
In the fourth quarter of 2021, although total ad engagements fell 12% year over year, Twitter still managed to rake in $1.41 billion in fourth-quarter ad revenue, up 22% from a year prior.
Musk’s $44 billion offer
Ahead of its earnings release on Thursday, Twitter became the subject of an acquisition offer from Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk. On Monday, the New York Times reported that Twitter is close to reaching a deal to sell itself to Musk after the latter launched an unsolicited go-private bid worth $54.20, or a total transaction value of ~$44 billion.
That figure represents a substantial premium from Twitter’s current $37 billion market value as of Friday.
Musk has made his plans for Twitter quite clear. Even before the billionaire built a 9.2% stake in the company for an estimated $2.9 billion, Musk has been vocal about how Twitter’s policies quash free speech. However, the Tesla CEO has been notorious in the past for making big market-moving stunts that lead to bigger regulatory concerns for companies that he control.
In his letter to Twitter’s board made public on Friday, Musk said "Twitter has extraordinary potential. I will unlock it.”