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.
Google (Alphabet)
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.
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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!
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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
GOOG ... We still early on this Triangle!I believe GOOG is a highly interesting setup to the upside at the moment... The pullback seen in FAANGS since the NASDAQ100 made its ATH in Mid-February has barely tickled this stock... This means the bulls are pushing it and momentum to the upside is perhaps much stronger than that of its peers... Moving on to business... Elliot Wave Analysis is my specialty... I go as deep and detailed as one can go in my wave analysis... Wedges / Triangles (you name it) are my signature setups... GOOG is carving out a very convincing Triangle that is just starting to break to the upside.
STOPS should be placed @2043… If the market breaks this level, my analysis becomes invalid… I will not go into detail as to why at the moment… I’d rather go deep in regards to the target price.
In regards to the TARGET, several things need to be pointed out… The NASDAQ100 and therefore, the FAANGS, are a bit risky to be traded to the upside at the moment… The market has been completely spooked by rising yields, which have specifically damaged the FAANGS in the investor’s community… Furthermore; there are certain times where bullish Triangles generate a very impulsive move to the upside, only to be followed by a sharp decline… One needs to remain humble on this trade… Other details could be mentioned, but it should be enough for now, so I’ll go ahead and specify the TARGET recommendation:
2320 should be the first target in upcoming days/weeks… 2400 could be reached and lastly I can see the market reaching as far as 2500… This are all Fib projections… For me personally, even 2320 is way too greedy, given the trading environment we are in… After breaking the 2153 level towards ATH, anything is possible… Perhaps booking profits early in the game, around 2200 and then trailing the stop could be the best way to go… Hope it helps and you have a solid trading.
I was BANNED on social media...The stock NASDAQ:GOOG is relevant to this video because they terminated my channel with very little reason. No warnings, strikes, or any further explanation. My heart is in my stomach and I just wanted to share my thoughts today.
I won't stop making content to help people become better traders. This is just a setback in my goal to reach people with actually useful trading ideas.
Thank you to all of my viewers on Tradingview for your good vibes sent my way. It keeps me motivated to know that folks appreciate what I am trying to do!
GOOG: H&S ShortHead and Shoulder with indicators at 4 hour and 5 minute timeframes.
4 Hour Time:
> 3 bullish impulses with continuous corrections.
> No 4th bullish impulse.
> 1 bearish impulse, with bearish continuous correction.
5 Minute Time:
> 3 bearish impulses with ascending channel corrections.
> Mini head and should forming from May 5th to May 9th.
White Lines: 4 hour timeframe
Blue Lines: 5 minute timeframe
Yellow curves: Head and shoulder indicators