Last time this happened, SOL moved higher by 116% in 16 days!The last time this happened in SOL - it moved higher by 116% in 16 days!
This matches with my fundamental value analysis and relative value analysis that SOL is at least mispriced by half and should be double the value it is today considering the 300+ dApps it has already rolled out and the WORLD CLASS dev team they boast - probably a top 3 dev team I've seen of all projects I've studied.... maybe even the best.
Anyways, the crypto market sentiment is nearly the same today as it was the last time the CC SMA 50 turned green in SOL and SOL moved 116% higher in 16 days.
There was a lot of doubt in the markets back in December 2020 and early January 2021 about whether Bitcoin would sustain a run above $20k. I think something similar will happen here as well. The senate in all likelihood looks like they will vote for the better of the two proposed amendments - the Toomey/Wyden/ Lumis version rather than the one that ironically favors PoW mining. Ironic b/c Washington DC has been telling the world for decades that they are here to save the environment and here they are positing an amendment in a bill that would favor PoW mining!
I know the virtue signaling will get to them as callers into their office will remind them today how the bill would favor high energy intensity protocols if passed. At any rate, it's clear to me that the Senate will in the end favor the bill that is agnostic as to picking winners and losers and this could set BTC off into a mini bull run, setting the stage for SOL's next 116% gain in 16 days.
A very wonderful merger b/w technicals and fundamentals.
Google (Alphabet)
Google Allows Crypto Ads on August 3rdThis is a change from their policy which banned it in March 2018. Starting on August 3rd, 2021 Google will allow exchanges and wallets to advertise crypto and crypto products.
This is a major turning point of the market imo - the number of people who will now casually see ads that never did before will be an order of magnitude higher.
Link to verify - straight from Google sources:
support.google.com(b)%20a%20federal%20or%20state%20chartered%20bank%20entity.
Alphabet Overbought on Hourly AHead of QuarterliesGoogle is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. The stochastic is above 80 level and maintenance here (blue arrow) increases the chance of a successful trade. However, the RSI is overbought (blue shaded area) and a pullback may give a better risk-adjusted entry, as the oscillator normalises. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques. Revenue is expected to be $55.95bn ($38.3 bn) and EPS is forecast at $19.19 ($10.13).
All Time High, Market is fragile more than ever..!while many are happy watching all times highs, pros no any all-time high could be just one day before a major correction or starting the first phase of a crash..!
The trading value of Mega caps decreased more than 30- 50% in a week..!
This is a comparison between trading volume since 2021
AAPL
NASDAQ:MSFT
AMZN
GOOG
NASDAQ:FB
This weekend could be a perfect time to watch "The Big Short" if it is not late...
$GOOGL ATH!All time highs today after that morning shake-out. Looked a little bit weak at first but came back strong and held the EMAs. A close above 2430 was the queue for a larger move towards 2450 as it cleared the 1.618 Fib level and confirms the continuation of the impulsive move upwards. The open tomorrow should tell us if this was just a test of the highs or if it will continue running. Early morning flows and market close flows are telling of the bullish bias that whales have on GOOGL. Those sweeps targeted the 2430 weeklies at open and the 2435 towards close.
Watch these patterns on GOOG! 👀Ok, GOOG has a head and shoulders in the 30min, and we see an advanced breakdown as well.
The RSI is not following the 4h chart as well. If GOOG triggers the head and shoulders in the 30 min, we’ll see a correction that could last for a few days. We were above the BB today too, indicating that any bearish sign trigger the pullback we are talking about.
This is not a sell sign yet, but we could see one soon! Oh, and no, I don’t believe GOOG will fail, please, but I think a correction will be very good for the stock. 😉
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
GOOGLE Signals showing further growth.Pattern: Channel Up on 1D.
Signal: Buy as the price is: 1) Still on the middle of the Channel, 2) The RSI not yet on its 10 month Resistance Zone, 3) The MACD is on a Bullish Cross.
Target: 2670 medium-term (the 2.0 Fibonacci extension, which has been met on all three previous Higher High waves of the Channel Up).
Useful facts: The 1D MA50 (blue trend-line) has been supporting since January 19, 2021. The last time none of the 1D MA50/ MA100 or MA200 were above the price was in April 21, 2020!
Most recent GOOGLE signal:
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🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> CryptoSurfer007
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Quality matters!I believe it is good to review how functional our analysis is.
I want to share the multi-timeframe analysis I published last week for my Patrons/private subscribers, and let you judge the accuracy of the contents!
Some People think I publish my post to bait people to subscribe to my services!
I challenge them to publish their own analysis and next week we will review whose work has a higher rate of accuracy!
NASDAQ:AAPL
Multi-Timeframe Analysis:
Hourly Chart: Flat Top (Neutral)
Daily Chart: Flat Top (Neutral), rejected from 50 EMA, trading near its support level
Weekly Chart: Flat Top (Neutral) 5 red weeks in a row, last time it happened was October 2018, followed by a 30% correction ( Bearish )
Monthly Chart: Flat Top (Neutral)
Daily average trading value (YTD): Trading 32% below YTD (money outflow) ( Bearish )
Weekly average trading value: lowest since November 2020, 38% below last trading year. ( Bearish )
Monthly average trading value: lowest since February 2020. ( Bearish )
Conclusion: Wait to see if Apple can hold its support line, (be ready for closing your positions if you have the stock)
The most concerning point is :
Whenever Apple's average trading value dropped below its 12 monthly average we saw a correction to the level of 50 EMA /monthly.
NASDAQ:MSFT
Multi-Timeframe Analysis:
Hourly Chart: Ranged below the resistance level (Neutral- Bearish )
Daily Chart: At the support line since Jan 15th, 2021 (Neutral)
Weekly Chart: after 4 negative weeks in a row, slightly positive(1.85)
Daily average trading value (YTD): Trading 33% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 24% below last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 14% below last trading year average. (money outflow) ( Bearish )
Conclusion: Wait for reaction to support line. The decreased trading value is seen in all levels (D/W/M) is a concerning pattern!
NASDAQ:AMZN
Multi-Timeframe Analysis:
Hourly Chart: Flat Top (Neutral)
Daily Chart: Moving toward its support line. (Neutral- Bearish )
Weekly Chart: Doji at the middle of the regression channel (Neutral)
Monthly Chart: Pure sideway between 3550-2870 in the past 9 months. (Neutral)
Daily average trading value (YTD): Trading 37% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading36% below last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 15% below last trading year average. (money outflow) ( Bearish )
Conclusion: Neutral to Bearish in a sideway channel
NASDAQ:GOOG
Multi-Timeframe Analysis:
Hourly Chart: double Top with signs of rejection! ( Bearish )
Daily Chart: Bearish engulfing followed by bearish harami. ( Bearish )
Weekly Chart: bullish regression channel
Monthly Chart: Dragonfly Doji .
Daily average trading value (YTD): Trading 9% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 7% above last trading year average. (money inflow) ( Bullish )
Monthly average trading value: Trading equal to the last trading year average. (Neutral)
Conclusion: Neutral to Bearish
NASDAQ:FB
Multi-Timeframe Analysis:
Hourly Chart: Double Top ( Bearish )
Daily Chart: Double Top ( Bearish )
Weekly Chart: at the top of the regression channel ( Bearish )
Monthly Chart: Dragonfly Doji , possible reversal??? (Neutral-Bearish)
Daily average trading value (YTD): Trading 32 % below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 12% below the last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 5.5% below last trading year average. (money outflow) ( Bearish )
Conclusion: wait for reversal confirmation ( Neutral- Bearish )
NASDAQ:TSLA
Multi-Timeframe Analysis:
Hourly Chart: at the support level of a short-time bullish trend started 12 days ago!(Neutral)
Daily Chart: Bearish Harami and trading below 50EMA ( Bearish )
Weekly Chart: Spinning Bottom in a downward regression channel.
Monthly Chart: Flat Bottom (Neutral)
Daily average trading value (YTD): Trading 42% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 26% below last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 27 % below last trading year average. (money outflow) ( Bearish )
Conclusion: Complex Correction with unpredictable moves!
what is your idea about the accuracy of these analyses???
Moshkelgosha
DOT BULLISH NEWS and BULLISH TA - June/July PT $80
DOT News on 6/1/2021
1) DOT ETP Launched in Europe on Swedish Stock Market (Grayscale is next)
cointelegraph.com
2) $USDT announces it will be first stablecoin launching on $DOT & $KSM ecosystems
tether.to
3) Westmine successful on DOT's shell parachain!
twitter.com
4) Kusama upgrading shell to Statemine!
(Same link as above)
Conclusion
Considering that the first 5 auctions on Kusama will roll out every 7 days once the schedule is announced any day - we should see DOT rolling out its first parachain in July... which is amazing considering the best estimates had this pegged at year end for PolkaDot - this is a huge shift in expectations and not many are pricing this in just yet.
Technicals
We're getting a bullish MACD daily cross and the EMA ribbons on 4H are decidedly turning bullish as the 20 is crossing the 34 4H EMA right now as we speak! .... it's especially bullish b/c this is happening the same time that we are getting a bullish cross in the daily MACD.... next up will be the 20 EMA crossing the 55 and the 34 crossing above the 55... DOT is looking more amazing every day on TA and is aligning amazingly well with fundamentals - still not too late to buy.
1st Series of STOCKS Buying Areas!Hi followers and other TradingView users,
My 600th post in TradingView and I need your help (activity) to start a new series. I would like to do something similar with stocks as I do with altcoins.
"Don't put your eggs in one basket." - the old saying but pretty important to achieve financial freedom. Considering that, let's find together some investment opportunities which can start to work for you as fast as possible - properly made technical analysis allows it to do!
I would like to know FIVE of your favorite stocks, criteria to get into the list:
* Name FIVE (max. nr.) of your favorite stocks, full name, and ticker. For example, Apple (AAPL), Tesla (TSLA)...or just ticker, the ticker is a must-have!
* Click the LIKE button of this post.
* Click the follow the get the update as fast as possible.
TOP10 most mentioned stocks get analyzed. I will point out some possible breakout opportunities to buy the strength and corrections to watch. Pointing out some lower levels where your alerts should be set!
I know that the bigger part of my followers has more interest in cryptocurrency but still, try to name your stocks to get into the list, and let's find buying areas for them.
If you look at my related ideas (below of this post), then over the years I have posted quite a lot of stock charts and the success rate of these ideas has been amazingly high!
So, quite an easy task to you, name five of your favorite stocks and you get the investment areas for free, areas that put your money to work for you as fast as possible!
Stay healthy,
Vaido
QQQ holding last trend lineOBV divergence signaled a potential correction, as price were making higher highs, OBV was making a lower high.
On the plus side, we are making higher lows since march lows.
There is a resistance trend line that is still holding, and is now coincident with the 61.8% Fibonacci retracement line.
A buy with a stop below the trend line has worked great the last 3 consecutive times it tested.
If we do keep selling off, I expect the next place we could pause at the $298 level, just below the 200sma.
How far Apple could Slip???Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Hourly Chart: Lower border of Megaphone, should be supported around 130. (Neutral)
Daily Chart: Lowest close since April 12, close below daily open in the last 5 trading sessions, and increased volume above monthly average while the price fails to close above daily open is in favor of bearish case! (Bearish)
Weekly Chart: Bearish engulfing after 2 Doji candles. (Bearish)
Monthly Chart: Failure to close above 132.49 in the last 4 months, which means Apple's return in 2021 is slightly negative so far! (Neutral)
Change in Average Dollar Value of Trades: -18% in the first 4 months of 2021 in comparison to the last 4 months of 2020. (Bearish)
Conclusion: Neutral-Bearish in May is the most probable scenario.
Educational Article:
1- Megaphone or Broadening Pattern:
www.investopedia.com
2-Bearish Engulfing:
www.investopedia.com
3-Resistance:
www.investopedia.com
4- Multi-timeframe Analysis:
www.investopedia.com
5-Dollar volume:
www.investopedia.com
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
What happened yesterday..?The key to success in this market is to know at least 3 things:
1- how retail investors behave?
2- how Algorithms Behave?
3- How big investment firms behave?
Then you can have a good analysis and act based on that:
I asked my private followers to short Tesla for the last 2 weeks and insist to do that yesterday after the Down Gap followed by the big Green candle!
Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Educational Articles:
1- www.investopedia.com
2- www.investopedia.com
3- www.investopedia.com
4- www.investopedia.com
If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
Do not follow ARK invest..!My private followers Just made a+50% to +100% gain by shorting Palantir when it was above 20 yesterday! (buy put 20, May 14, 2021, at 64 cents!)
I don't sell signals, I teach people how to make profits out of market opportunities.
For instance, do you know what type of Gaps were created in most Stocks yesterday, and how you should play them?
My followers know because I send them educational articles below my posts!
I spend 6 months studying the ARK investment behavior and I found most of their tricks..!
While Ark invest has had a great performance of +988% between Feb 2016 and Feb 2021, they had a -38% loss in the last 3 months!
Their best days have gone..! they are trapped in the bubble they created through social media propaganda! I warned people since mid-February 2021!
Exceptional Earning but no bullish move..!Technical review of the biggest 5 market cap companies with Tesla chart in January 2021.
1-Apple:
The good report followed by lower prices in the last 2 days!
2-MSFT:
The bearish two black gapping continuation pattern appears after a notable top in an uptrend, with a gap down that yields two black bars posting lower lows. This pattern predicts that the decline will continue to even lower lows, perhaps triggering a broader-scale downtrend. According to Bulkowski, this pattern predicts lower prices with a 68% accuracy rate.
3-Amazon: another great earning report but failed to close higher.
4-Google: exceptional performance but close 3-4% higher and create a long upper shadow.
5-Facebook:
The hanging man occurs when two main criteria are present:
The asset has been in an uptrend.
The candle has a small real body (distance between open and close) and a long lower shadow. There is little to no upper shadow.
Usually, at the end of any bullish run, prices open at higher levels but fail to close at a higher level. you can see this pattern in all of these tech giants.
If you compare these charts with Tesla's chart in January 2021, you will see the creat similar parents, although they did not experience the hype tesla experienced.
Another thing that makes it more concerning is the average weekly trading value decreased 40-50% in most of the equities in the market!
www.investopedia.com
www.investopedia.com
Google 5% jump holds Nasdaq and S&P500 positiveAs you see Microsoft numbers were better than expected but not enough to push the price higher, and the stock price drops to 20 days ago!
Gooogle outstanding report push it to the upper border of the channel but seems not enough to break above it!
Trim your positions could be the best Idea!
What Is a Bubble?A comparison between Apple, Microsoft, Amazon, Google, Facebook, and Tesla in the past decade.
Top chart: last 10 years
Bottom chart: last trading year
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Typically, a bubble is created by a surge in asset prices that is driven by exuberant market behavior. During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset).
The cause of bubbles is disputed by economists; some economists even disagree that bubbles occur at all (on the basis that asset prices frequently deviate from their intrinsic value). However, bubbles are usually only identified and studied in retrospect, after a massive drop in prices occurs.
At the end of a bubble, resources are moved again, causing prices to deflate.
(Investopedia)
How could fundamental analysis explain this phenomenon?
Tesla's stock price has approximately outperformed more than 5x of Amazon, 11x of Apple, 15x of Microsoft, 16x of Facebook, and 30x of Google in the past 10 years.
It becomes more interesting if we look at the total annual revenue and net income of these companies..!
While Tesla had 31.53 Billion revenue and 690 million net income in 2020, in the very same timeframe, Apple had 274.15 Billion in revenue (9x of Tesla) and 57.41 billion net income (83x of Tesla), Microsoft had 143.01 B in revenue and 44.28 B net income (4.5x, 64x of Tesla), Amazon had 386.06 B in revenue and 21.33 B net income (+12x, 31x of Tesla ), Google had 182.35 B in revenue and 40.27 B net income( 5.8x and 58.36 Of Tesla) and Facebook had 86 B in revenue and 29.15 B net income( 2.7x and 42x of Tesla).
Based on the information provided, you can judge if Tesla is experiencing a bubble or not??? to answer this question, you should divide Tesla's stock price behavior from 2011 to May 2019, and what happened after that.
Moshkelgosha