TAO/USDT: Analysis - will it bit and soar? or bit and sorry?!THIS IS SUPPOSEDLY VIEWABLE FOR ARCHANGELS: NOW PUBLIC.
SUMMARY FOR LAZY READERS:
🚨 Traders, this TAO chart’s a battlefield, and the bears are winning. The 0.618 Fib level’s been snubbed—no bullish bounce in sight. We’re in deep bear territory here.
📉 MAs are out the window; the 50-day and 20-day are being blatantly disregarded. Price action is breaching these with zero respect. It’s bearish, and anyone saying otherwise is selling dreams.
👊 That huge wick? It's a tease, not a trend reversal. Don’t get suckered into bullish traps. This isn’t a buying zone; it's a warning shot.
💥 Sellers, get ready. The 'safe' MAs? They're targets now, not supports. Expect prints at 200MA or 150MA because we might not be done dropping.
#TAO #Crypto #Bearish
See photo for more elaborated explanation.
For more detailed takes. Here is why.
🚨 TAO's chart is in full bear mode, and here's why:
📐 Fibonacci's telling a grim tale. The 0.618 level's been shunned, and when you ignore the golden ratio, you're asking for pain. A false rally to 0.114 was nothing but bears in sheep's clothing, baiting for a drop.
🟡🟣 MAs are crying wolf here—the 50-day (yellow) and 20-day (purple) have been breached with no bounce-back, solidifying the bearish stronghold. Prices slicing through MAs like this? It's not a sign of health.
👀 That wick at the top isn't a bullish battle cry; it's a one-hit wonder. The market's not finding any solid ground, making those 'buying zones' more like quicksand.
🔮 Predictions of a touch on the 200MA or 150MA? It's not just probable; it's like destiny at this point. We're heading south until those levels say 'stop'.
💸 Sentiment's a mixed bag with talk of influencers and VCs pumping. But remember, real markets don't run on hype alone.
In short: Bulls, take a breather; bears, take the wheel. We're not in Kansas anymore, and this yellow brick road's heading straight for a cliff.
#TAO #Crypto #Bearish
FA
$ORN: Perfect retest before launch of public terminalJust wanted to quickly point out that $ORN broke above previous resistance, and has now retested that S/R level and is now printing more bullish candles. If these next few 4 hour candles can close above the previous ath that turned around quickly in order to retest? Then price discovery will continue.
Fundamentally? The release of the Orion Terminal will fuel wild fomo into this project. Once crypto twitter and retail realize the kinds of gains you can make by staking $ORN? Once people understand the utility of this platform and the problems that it solves? I'd be surprised if it wasn't pushing 3 figures by early summer.
Hold on to your butts fam. This is about to get crazy.
BTC Bitcoin analysis short-middle termBitcoin has managed to bounce from the $ 45-46k area, forming a trading zone around $ 47,500, with a growing pattern.
In 1D candles the technical situation is negative, along with a bearish divergence between the RSI indicator and the price action. In 4H candles the indicators remain neutral on the way to being positive, which is a good sign. Also, Bitcoin's fundamentals could push the price all the way to $ 50k or more.
If the price breaks the moving average in 4H candles, it is highly likely that we will see a bounce at $ 44k, or a stronger correction to $ 41,200.
Remember that Bitcoin is not always technical and fundamentals often mark the direction of price action and its momentum.
$LINK: Notice a pattern here? Hint: it goes up. 1W chartOn the Weekly log chart, $LINK is establishing a clear upward trend that the pitchfork median -> .5 deviation has really captured well. Logarithmic charts for projects like $LINK make sense for me as it is a hugely popular and, in my opinion, grossly undervalued project. If we copy the fractal of the previous two attempts at getting above the pitchfork median, it lines up with some pretty key emotional areas of resistance around that magical $100 dollar mark, as well as the 200 and 400 dollar marks.
Also! When link has made an attempt at that logarithmic median? We've seen a roughly 65% correction both times. $LINK is just now breaking out of the lower 1.0 deviation test. Which has acted as super solid support in its upward trend over the last dozen weeks or so. If $LINK can get above that 0.5 deviation? I'd expect it to continue marching its way towards that $100 dollar mark and we'll see what happens around then. Taking some profits around there would be something I might look to do as a swing trade, I would also look to load up on more link around the bottom of the pitchfork before it continues on towards 4 figures.
Fundamentally.... $LINK is the most important project in all of crypto in terms of the dependency factor of ALL of #Defi. They've built the solution to all of the trust problems inherent with centralized finance, and the dependency that Smart contracts have on data. If you're not looking to trade? This is a buy and hold for 10 years. Just forget about it until you're ready to retire.
Good luck marines. I'm excited.
TREND EXPERIMENT: IS KPOWER A SUPER PERFORMANCE STOCK?Well, this is the very 1st time I'm posting here (also acting as my own practical notes).
*Premium account tu sebab aku tersalah beli, cost me few millions, sekian. (No way a pro in this field, just yet!)
Simple revision based on:
1) William J O'niel's How To Make Money In Stocks.
2) Mark Minervini's Trade Like A Stock Market Wizard.
3) Simply Wall St website: Do Subscribe although a bit expensive. This would give you a diagramatic presentations which is super simple to understand.
4) MalaysiaStock.Biz
Why do I choose this particular counter? I have made 18% and pulled out too early knowing that if I still keep it till today, I could have easily made almost 50% gain in capital and made few billions like Bezzos within 30 days. Lesson learnt, be fear not if the company adheres strongly to the FA + TA + CA = "Trend is your friend" says the great investor Marty Zweig.
FA: Fundamentals (CAN SLIM)
C- Current QR reports have been showing super profitability for past 4Q. Yesterday's announcement 30/11/2020 of QR could be a huge catalyst.
A- Annual Report shows outstanding profits YoY
N- Previous business based on retail goods, which later ventured into Constructions and Clean Energy (now on huge trend globally) + New big boss appointed on last November 2019 + New Q121 profit + YoY profit 759% + secured multiple projects globally for past 1 year mainly on energy plants + Ex dividend date 8/12/2020 & Pay date on 23/12/2020.
S- Supply Demands +++
L- Leader in its sectors? OTW
I- Tokyo Marines, Allianz, AIA, NORGES BANK, UOB-OSK, Affin Hwang, Barklays Bank, Maybank Investment. LET EM' SHARKS IN!
M- Market? Uptrend and following current global needs for green energy.
TA; Finding a possible super performance stock criteria based on his "Trend Template". I find this company chart fits most of it.
1) Phase: In Stage 2/ Uptrend/ Accumulation Phase
2) Current stock price trading above MA50,150,200. GREAT!
3) Current stock price at least 30% above its 52WL (could be more before emerging as consolidation period)
4) Current stock price is at least within 25% of it's 52WH; in this case (on 12/1/2020) it's nearing peak!
5) 150MA >200MA
6) 200MA in uptrend for past 4-5 months (minimum 1 month)
7) Relative Strength is no less than 70, preferably 80s or 90s
TRADING PLAN: 2 WEEKS SWING
All seems good for this counter? cashed in on 30/11/2020 at
EP: 4.830 x ????units
COST: RM ?????.00
SL10%/ 4.35 / -RM???
TP8%/ 5.2 / +RM???
TP10%/ 5.3 / +RM????
TP15%/ 5.55 / +RM?????
OR
Follow trend for 2 weeks and take profit.
EXTRAS: VALUATION (based on Simply Wall St)
Fair value of the stock price is at RM10.22 compared to current price RM4.84.
USOil can be up!!!Russia Supports Deeper OPEC+ Output Cuts
Feb 07, 2020 at 09:51 | Irina Slav
Russia will support deeper oil production cuts across OPEC and its partners, Foreign Minister Sergey Lavrov told media at an event in Mexico. “We support this idea,” the top diplomat…
gisanddata.maps.arcgis.com
Corona Virus Total Confirmed
37,592, Total Deaths
814, Good news is Total Recovered
2,922 increase.
GBPAUD Long IdeaHere is an idea: GBPAUD Long. Why you may ask, here are a few reasons:
- UK General Elections on December 12th (current predictions are Tories winning the elections, and market wants Tories to win)
- December 15th Tariffs (Trump still hasn't taken a decision on what to do with December 15th tariffs, most likely I believe he will keep them as tensions has started to rise a little bit between the 2 countries)
- China (CNY) Exports numbers weren't very good, and by direct correlation AUD gets also impacted negatively as AUD and CNY are partners.
Let me know what you guys think, any comments, fell free to let me know.
TTOO - Federal Contract Creating Hype. Above The TrendT2 Biosystems, Inc. engages in the development of proprietary technology platform. It offers the T2 Magnetic Resonance technology which enables rapid detection of pathogens, biomarkers and other abnormalities in a variety of unpurified patient sample types. It products include T2Bacteria Panel, T2Candida Panel, T2Dx Instrument, AND T2MR Technology. The company was founded by Michael J. Cima, Robert S. Langer Jr., Tyler Jacks, Lee Josephson, W. David Lee, and Ralph Weissleder on April 27, 2006 and is headquartered in Lexington, MA.
SHORT INTEREST
5.5M 08/30/19
P/E Current
-2.07
P/E Ratio (with extraordinary items)
-2.04
Average Recommendation: OVERWEIGHT
Average Target Price: 3.71
NEO - Patience Required - Good Future Prospect Depending on your strategy. This could be an interesting entry. NEO could with good FA be a fantastic coin to investing. You just need to wait for the right moment to jump in. At the momentum, the same old mantra is waiting for Bitcoin Dominance to come down until making a move.
LINKBTC Blue Sky Breakout Retracement Hello Traders,
Today's Technical Analysis will be on LINKBTC with its decent retracement from its blue sky breakout.
Points to consider
- Held support at the .618 Fibonacci level (Fib levels are only considering body candles not wicks in this TA)
- Three touches confirming trend line
- Structure has been putting in lower highs and higher highs
- Potential falling wedge pattern
- Extremely low volume thus breakout is highly probable
- Potential Higher Low in place if trend continues bullish
- EMA's neutral not showing much significance right now
- RSI currently neutral
- Stoch's however showing more potential of downwards momentum
Link could retrace right back to the .618 Fib before making another move up, however if the trend line is broken, then whole market structure will be overturned. This will make the structure more bearish, signifying that the correction is not over and further downside is probable...
What are your thoughts?
And remember,
“Holding losses and hoping to break even is not an investing or trading plan. That is dumb money on suicide watch!” ― Fred McAllen,
Zcoin at the Cliff of Death - but it might have wingsWhen price action dries up like that on a coin which is actively developed , with their cryptographer being invited to Las Vegas by competitor Monero because they're considering to adopt Zcoin's upcoming privacy protocol (Lelantus) and Bitcoin Amir Taaki calling it "the most promising privacy coin" and Zcoin a "small focused team, smart group of guys using a simple clever solution", then... well then... you tell me if that's worth buying.
NZDCAD about to make new lows (TA and FA)According to the elliot wave theory, FX:NZDCAD . is at its correction phase, and using the fib extension we get T1 for the small ABC wave and T2 for the bigger wave; T1 is short term while T2 is mid/long term
Another thing to keep in mind, is that China is expected to report on Monday that economic growth cooled to its slowest in 28 years and this means that CNH is going down and we all know that CNH is positively correlated to both AUD and NZD.
Bitcoin Daily Analysis 13.10Hello, dear subscribers and TradingView readers! Our traders team has prepared for you daily bitcoin technical analysis.
Yesterday we wrote that there is a chance of going both ways, but there was a small probability of falling. Now the situation is exactly the opposite - a small preponderance in the direction of growth, further I'll explain in detail.
During the night, we did not see a way out to one of the parties, which tells us that we are expanding the triangle, and the “bearish rectangle” has completely failed, so there are more chances to go up now. So far, only 2 points indicate a possible fall: 1) StochRSI at the top, 2) A divergence in price and volume has been detected. But these two points are simple enough to explain.
1 - We found a similar moment on September 8-10, when, after a sharp fall, a triangle was formed (the graph on the left), which is very similar to today (the graph on the right). Actually, at the end of the triangle in September, StochRSI was quite high, but at the same time the price still went up.
2 - We are moving in a triangle, and so in it, decrease in volume is normal, but it is not means we are moving to exit. In addition, exactly the same situation with the divergence was in September, but with that triangle, we went up perfectly.
In total. What we have listed above is not an exact long, these are just moments why the way up is now a little more probably, but the way down is also apparently. Therefore, if you don't want and are not accustomed to risk, then it is better not to enter the position.
S&P PlaytimeS&P has retraced from all-time high back to breakout. Current options position is (slightly) net short but approaching 0 deltas and considering going net long with some shorter dated end of month calls. Also short on UVXY just in case we chop around for a while.
Lots of potentially juicy decisions and policies to look out for right now:
-US-China tradewar updates (200 billion or nah)
-US Federal Interest rate decision end of September (postponement of hikes could indicate fed worry over trade war's negative effect on US economy)
-NAFTA negotiation result eh