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Fintech

Square in Big Trouble, and Earnings May be the CatalystSquare has been extremely volatile over the past year, acting as an ATM for bulls and bears alike. From a purely fundamental perspective, their revenue is directly correlated with the health of American small businesses. Fewer swipes results in fewer merchant fees. The same could be said of their lending product, which requires a healthy revenue stream in order to service. Their revenue has also been inflated due to valuations and stock holdings of acquired companies in their portfolio. Therefore, in a macro environment where growth is slowing, if not reversing, it is likely that their value, too, will do the same. From a technical perspective, the stock failed to breakout higher through its former supply zone, and will likely need to drop several levels in order to find fresh demand. Short sellers may be especially vicious. Short-term target: 65 Long-term target: 50
NYSE:SQShort
by axelroark
SQ, Industry Laggard Set to OutperformSquare, NYSE:SQ , hasn't performed nearly as strongly as the rest of the market that has just about surpassed their previous highs from the lows of late 2018. Other stocks in the Fintech space, such as NASDAQ:PYPL , NYSE:V , NYSE:MA , and NASDAQ:INTU have been extremely strong, already making all-time highs. Square is a clear industry laggard, with a lot of potential I think that Square is due to follow the rest of the sector and start making moves higher soon. It has been trading in a consolidating triangle, since February, building up power. If it breaks this triangle to the upside, I believe it should have very strong momentum, and follow through. As long as overall market conditions remain strong, there is no reason Square shouldn't be a leader going into the rest of 2019.
NYSE:SQLong
by HBtrader22
BTC/USD, Bears are almost done Ok, long time since last post, it has been a very bloody 2018, but seems like the sun starts to shine. Lets see what we have. As you can see in the analysis I made early in January 2017 (you will find it below attached), I was early anticipating that the correction at that moment may will be longer than expected and that may be we could be in a real Bear Market further than a simple correction, it seems that the analysis was extremely accurate as it has played out almost exactly with what I was seeing at that moment (in terms of prices and times/duration). This new analysis is based on that previous one, but now, we have more data to figure out were we might be going from here, I will try to do the analysis as simple as possible. - First, we have, that in the BIG PICTURE, since Bitcoin was created, until now, we have been following a 5 Waves Elliot Pattern, and we are almost getting done with 4th one (The 5th Wave is the next bull run). Each wave is marked with the number it corresponds to. THE PURPLE ONE IS THE FORECAST. - 2nd, I used a Fibo Extension Tool (The Yellow ones) which help us to forecast how far a next bull run can go, considering the strength of the previous bull cycle and the later correction. If we applied the Fibo Extension to the 2011 - 2013 bull run, we will find that it was saying us, the next bull run might reach levels of $4,800 (The first horizontal blue line), and in fact it went further than that, reaching levels of $20K (ATH). If we use the same Fibo Extension, but applied to the last bull run (the ATH one), it show us that at least, it may reach $100K (If we consider that the previous Fibo Extension exceeded what the analysis said), we can excpect it to go higher than $100K. 3rd and last, If we ee at the white circles, we can see that last week the RSI indicator touches it lowest level since 5 JAN 2015, last time the RSI touched that level in 5 JAN 2015, was the moment when the Bear Market ends and the new bull run starts, so it is a good indicator that the current Bear Market is exhausted and almost done. There are also other indicators like a inverted H&S, a bullish divergence and a strong bounce from a support at $3k in the daily chart that I will be posting later and that it compliments the idea that the blood bath is about to end.
BITSTAMP:BTCUSDLong
by Pepe0722
3
Bitcoin - A Telling ConfluenceOur recent point of major confluence validates, for me, two major patterns Bitcoin is exhibiting right now. We seem to be in a bearish descending triangle, which is due to terminate around 16 September. Third touches of trendiness can often be false breakouts, so be careful for a bull trap. We can say with even more confidence, however, that we are currently within a longer bullish falling wedge. This pattern is due to terminate around 6 February 2019. A close with continuation over $8,525 signals the beginning of a bull market; a close with continuation over $10,084 confirms it. Bitcoin should not drop below $4,075, and I'd be very surprised if it got that low.
BITMEX:BTCUSD.P
by fittsjk
BITCOIN! what comes next ? Hi people! I'm actually thinking 3 scenarios right now: the first one is that we'll start going down again from 7.7k with 3k target (if btc should break 6.8k down) but this could be obvious simply because more and more ppl are looking at that the second one is that the false breakdown of the descending triangle (like 2014) as bear trap and If I see the weekly close above 7.9k it will very likely go to 11-13k before really crashing. the third one is that btc will break 20k and will hit target like 40/60k+ because of etfs but I would be cautios about this scenario because most ppl are looking at this. we'll see how this will play out.
BITSTAMP:BTCUSD
by UnknownUnicorn3062184