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FAZ Weekly - swan sighting?FAZ weekly chart presented and comparing last two price run ups to current condition. AO appears to want to go positive. See chart for price reaction last two times this occurred on the weekly. RSI bouncing off 18 month low with harmonics generally supporting a turn soon. Plenty of upward room for the stoch, but it does appear to be faltering a little here. Note large volume buying of FAZ starting mid-June 2021 and a lot of overall interest in this derivative since just before the COVI-crash. This volume isn't retail. They say you cant' predict a black swan event but FAZ seems to be sensing something wicked. Not financial advice.
AMEX:FAZ
by Akksujean
Bitcoin Still Going to $20,000? I Wouldn't Bet On It...Bitcoin is a wild stallion that cannot be tamed. I believe if it wasn't for the positivity and confidence about Bitcoin that came out of the B-Word conference we may of continued down a path below $30,000 making a stronger case for the bears. The B-Word conference has definitely lightened the extremely negative sentiment brewing throughout the space. Even the tone from Elon Musk is a drastically different tone than what we heard over 2 months ago which was the major catalyst for the crash in May. We are still not quite out of bear territory yet but this a much better sign of a positive trend and narrative going forward. Without Elon Musk's trolling fear, uncertainty, and doubt tweets or more negative Cryptocurrency news from China it will be harder for the bears to get Bitcoin to their beloved $20,000 levels or lower. But be prepared for anything in cryptocurrency. Getting down to a $20,000 Bitcoin is definitely not impossible, but I believe the longer we build heavy support above $30,000 the more difficult it becomes. $30,000 is looking more and more like the base floor price of a modern day Bitcoin. The more positive sentiment builds up the more difficult it becomes. The only place left to go from being fearful is being back to greedy. Things to consider moving forward: * We're still below the 200 Moving Average on the daily. * We're still trading between $30,000 - $40,000. * We are still fearful on the Fear & Greed Index but out of the Extremely Fearful territory for now. * Ethereum EIP-1559 tentative in August. * Tesla will resume accepting Bitcoin payments in the near future. * We are coming out of negative territory on the weekly MACD (But we're still very high on the monthly MACD) * Potential Amazon adoption by the end of this year or next year. * We haven't bearishly diverged yet on the monthly MACD ( May still indicate the bear trend and negative price action will be prolonged) * The unclean energy narrative will no longer be a cause of concern in the near future. * More multi-trillion dollar stimuluses to come under the Biden administration and worldwide governments. * Global money supply continues to drastically expand at unprecedented rates in history. Where do we go form here? We want to see a retest of $42,500 on the and break past that price level to start a strong new continuation of the bull market. If we can't break past that there's always the possibility of going back to $29,000 levels. This is still very much a wait and see. We will get through this! But as I've been saying. The fundamentals going forward are way more bullish than bearish. Much peace, love, health and wealth!
COINBASE:BTCUSDLong
by peacefuljustin
1
Eurgbp downtrend The currency pair tried to break the trend, but prices quickly sold out and returned to the trend level of resistance, under which savings are now forming, I think that the currency pair will not be able to renew its top and the price will fall even lower to support 0.847 —————— 17 / 19 last EURGBP ideas come TRUE ✅EURGBP №1 ❌EURGBP №11 ✅EURGBP №2 ✅EURGBP №12 ✅EURGBP №3 ✅EURGBP №13 ✅EURGBP №4 ✅EURGBP №14 ❌EURGBP №5 ✅EURGBP №15 ✅EURGBP №6 ✅EURGBP №16 ✅EURGBP №7 ✅EURGBP №17 ✅EURGBP №8 ✅EURGBP №18 ✅EURGBP №9 ✅EURGBP №19 ✅EURGBP №10 ————
Short
by fxpremiere
Thoughts on BTC movementThe past few days have been great for the crypto market overall. BTC is up more than 10% since the visit to 29k and that too without any short-term dip or revisits, which is the exact kind of event that makes me wonder whether this pump is justified or not. The bulk of the buying was due to the buzz around the recent "The ₿ Word", which did not yield any successful results, which is why I think the shown path is likely to be followed. Hopes remain high (I've shorted anyway). Let's see how it turns out. BINANCE:BTCUSDT BINANCE:BTCUSD
BINANCE:BTCUSD.PShort
by CryptoVernian
Devon Energy (DVN) | Technical Break, Wait For a Retest!Hi, another idea from the stock market. Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. Technical analysis of DVN looks promising. The price of Devon Energy has made a break above the trendline which is pulled from ATH in 2008. It has worked quite strongly as resistance and after the break above it starts to act as a support. There is also a minor level around $20. It has played quite a significant role considering history. It is good that the trendline and the strong horizontal area form a grossing zone which adds strength to the future retest. We haven't seen higher highs on the monthly, but if you look at smaller timeframes then there are some minor breakouts of the structure (higher highs) which are good confirmations for future growth. If you are made your own fundamental research and you see that it might be a good investment then technical analysis confirms it, at least mine. Remember, a perfect investment consists of good fundamentals and good technicals. If one of them does not meet your expectations then skip it, easy. If you have the green lights from both analyses then you can start building your positions from £23! Have a nice weekend, Vaido
NYSE:DVNLong
by VaidoVeek
1
PINDUODUO Inc. (PDD) | Chinese E-commerce Inside a Buying Area!Hi, Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverage, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China. Technically speaking, the price of PDD has landed inside the possible rejection area. Quite strong criteria matching each other around $81 to $106: 1. Fibo 62% 2. Minor trendline 3. 50% from the ATH 4. Role reversal 5. Round number Do your own fundamental research and if it looks attractive then you have the technical confirmation from my side to buy it! Regards, Vaido
NASDAQ:PDDLong
by VaidoVeek
10
BITCOIN | Multy-year Highs Are Waiting For!Hi, Long-time no see. After a short-term buying opportunity, I haven't seen anything considering the Bitcoin movement and even this one was a long time ago. "Interesting" times, looks like the summer vacations are fully on and BTC movement supporting vacations too. ;) Soon it might be over, so swipe the dust off your computers and start to prepare. As I have said previously, if the streets get bloody, the winners will be only these players who prepared for it. The current pressure is down and let's look at a bit lower prices from where the price of Bitcoin can find support. These price levels are not far away. Yes, price-wise 5k to 15k seems quite a huge gap to fill but if it starts to roll it can collapse quite heavily because we still need some liquidity. As you see from the image above the price of BTC has started to approach previous yearly highs which now starting to act as support. Also, I can say that this is a quite good retest area, especially the lower one which stays below 20k. There is a low chance that the price of Bitcoin cannot reach 20k and below of that because there are some interesting criteria that might work as a support. At the moment, the price approaching 2020 high and around the current price is also 2021 low. Some low amount of liquidity might have below of that price levels and there is also the Fibonacci retracement level waiting for us. Fibonacci retracement level of 62% has worked historically quite perfectly. Even in my technical analysis classroom, I have shown how perfectly Bitcoin will react to Fibo 62%. So, here is the opportunity for long-term investors to slowly start building their positions. The major area stays below 20k. There are quite a few previous yearly highs that now start to act as a support zone. A zone from where to make a technically good buy. It is a good sign that the price isn't retested 20k after the breakout. It adds strength to it because after the break of 20k the price just flew away. There we have multi-yearly highs which act as support levels plus there is Weekly 200EMA. It has been also quite a good criterion to hold the price up and even the bounces of that have guided the price of Bitcoin into the bull runs! From 3k to 14k and from 4k to 64k, quite an amazing history yes? :) Be prepared! The collapse might come and it might be fast. The pressure is down and these are the major lower zones that I'm looking for and I know when and why I will act! Regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
22