Growth
ANOTHER -10% BTC DROP TO 60K BEFORE FRESH RALLYWe have seen longs getting rekt for the whole week, now due to long/short risk trader are willing to drive price lower to 60k whic i another -10% move. Fed interest rate decision next week is already priced in and might only cause a 2 to 3% move in the market.
The best way to trade this pullback is to set buy limit orders at 61K, 60k, 59k, 58k with a risk of 10% for a 2X reward which is the double top.
XCAD potential 4-5x in the coming monthsWith this weekly close XCAD will break through it's EMA and previous resistance, setting off the bull market frenzy.
It isn't all in the charts.
In February the last of the vested tokens from the IDO have been unlocked, meaning reduced inflation and less sell pressure.
On the 27th of March, there is a huge announcement coming, a major partnership.
Pattern in process with X Revenue Price and date range with 31 bars. Trend will follow the guidance of the white wave like it did before.
Short Long Short Long signals
G support wave using simple ATR
Keeping alert on date range with 31 bars while at the same time eyeballing the volume. As custom volume increases by the little, BTC increases.
VANRY aka TVK aka new ai layer one aka next 100xVANRY aka TVK is a name you might have heard of. Vanry has a limited 2.4 billion supply, largest whale holds 400 million leaving 2 billion to the masses and the mc is currently holding steady at $300m poised for a gigantic leap. The last play like this was performed by Chainlink. When Chainlink went on it's run from the .20's range it topped at out at nearly $20. It then found support around $7, went on a run up to $53 and is currently sitting at $20. Check out what they're doing over at Vanry. It's one of the most visually impressive web3 projects that I've seen yet. You can currently find this on Coinbase under TVK.
vanarchain.com
*disclaimer: it could also go to zero. This is for entertainment purposes only. Enjoy the ride.
MARA fell on a huge earnings beat LONGMARA fell a few days ago while Bitcoin is staging another leg higher along with other coins.
On the 30-minute chart, MARA is in undervalued territory below the mean-anchored VWAP
and near to the bottom of the high volume area on the volume profile but above the POC line.
This seems to be an obvious long trade for me to take. I will set a stop loss of $1.00 below
market price and a target of $31 halfway between the mean VWAP and the first upper VWAP
the line above it. A call option trade striking $30.00 expiring in three months will be
considered. MARA fell from excellent earnings which apparently disappointed some
traders /investors. The discount sale is hard to resist given the current fundamentals in the
crypto markets.
MSTR slammed earnings beyond the parking lot LONGMSTR while Bitcoin and the whole ETF thing has caused crypto momentum had a good
4QTR23 and 8Xed the analyst's earnings estimates two days ago. The momentum is expanding
as market volume is accelerating. Late afternoon the zero lag MACD showed some recyling as
some early traders took cash off the table. To emphasize however, there is no sign of bearish
divergence on the RSI. This has gained 25% in 3 days. Anyone into the prices needed to acquire
options contracts could consider looking for an option using their own typical selection criteria.
There are others who as price is overextended and it will fade. They say the same thing about
NVDA. For me, I will take a trade here even if the continuation is short lived. At the end of
the day, Bitcoin could go to MIL:1M per each as some of those with crystal balls forecast.
See also small cap miners BTBT BTCS Cleanspark HUT and some middle caps in RIOT and
MARA. It's a buyers' market right now but only if you do not chase. Look on a low time frame
for an oversold undervalued intraday moment and take your trade !
GBPUSD RSI 75 Draw Down and Back UPFX:GBPUSD RSI 75 first time in a good while. I think it will make a big swing before continuing to 1.28, which is not guaranteed obviously)) But looks like it could go down as low as 1.275/ 1.27 if tomorrows news will will not be as per forecast. At the minute I It looks like it will retest at 1.277/ 1.2755. FX:GBPUSD
GBPUSD - Price going forwardWith a more Fundamental approach that was revealed recently, this is my own personal forecast going forward with this pair.
- Cutting NI tax
- Consumer prices slowly coming back down
- Energy costs coming down
We won't feel this impact for a while, over a few months or so when we see it in our Ingoings/Outgoings and have a bit more freedom to buy on luxuries.
I think we will see a new range of consolidation until later news reports reveal the growth of the GBP but before that point, I feel some market manipulation will occur so the Big Players can buy GBP at a much cheaper cost.
*The path drawn isn't to scale, the path is more for the bigger picture of things that we would see on the 4h or Daily TF*
QTUM ANALYSIS🔮 #QTUM Analysis —— BREAKOUT 🚀
💲💲 #QTUM was trading in a Symmetrical Triangle, and breakout has already confirmed and also the breakout of major resistance zone, expecting bullish rally towards $8.946 and more💰 In Coming Days ✍️ ✅
📊Current Price -- $5.831
🎯Target Price -- $8.946
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#QTUM #Cryptocurrency #Breakout #DYOR
Beautiful Breakout and strong fundamentals - AppLovin NASDAQ:APP has an outstanding chart in my opinion. I've been following this stock for years now and waiting for the right time to get in. Although it's already rallied 70% YTD, the momentum this particular stock has combined with it's increasingly impressive earnings reports make it a strong buy.
They have been steadily increasing cash flow on top of accelerating earnings growth. The last 3 quarters it's beat analyst estimates and it's my personal opinion that we are in the midst of a era where web apps as well as mobile apps are being developed very rapidly, increasingly by individuals and smaller companies.
Net Income, Margins and Returns on Equity and Assets are all increasing. No wonder it's more than quadrupled since it's bottom of $9.00
Think of Streamlit, for you coders, and Snowflake's NYSE:SNOW increasing presence in owning these, and similar technologies. NASDAQ:APP is operating in a similar space and they really offer it all when it comes to building applications for your business.
The estimate revisions are surprising and look very strong going into next year.
See the Zack's Estimate Revisions below. (Current Quarter/Next Current Year/Next)
CQ NQ CY NY
Current 0.56 0.59 2.48 3.08
7 Days Ago 0.56 0.59 2.48 3.08
30 Days Ago 0.33 0.31 1.56 1.71
60 Days Ago 0.33 0.31 1.58 1.71
90 Days Ago 0.33 0.31 1.58 1.63
AMZN Joins the Dow at an Unusual PhaseThis hugely influential company should have been on the Dow 10 years ago. Listing as a component of the Dow Jones Industrial Average usually occurs when a company is about to enter a Market Saturation to Market Decline Phase. However, such is not the case with $NASDAQ:AMZN. It's quite the opposite.
Its fairly new CEO, who was the CEO of AWS, the division of AMZN known for its powerful and totally dominant PaaS cloud technology, has extensive experience in exactly what AMZN needs right now: front running new technologies and driving more new technologies to market introduction faster.
The challenge to be #1 in the use of Integrated Artificial Intelligence and other new technologies in the realm of Cloud Technology is on. Who will win depends on the CEO. Never underestimate the importance of the right CEO for the current market conditions.
The chart of AMZN stock implies a consolidation or platform may develop during the month and a half between earnings seasons. These patterns tend to form due to value-oriented quiet accumulation by the largest institutions while the rest of the market pulls back from buying or sells.
COINBASE(COIN)/BTC CorrelationIn the past months investors have been watching carefully the recovery of Coinbase as one of the biggest partners in the financial industry as crytocurrencies seem to recover from the last downturn. Many investors, traders and fans of crypto have been watching with a lot of hype the launch of the ETFs; which hasn't resulted in what most of them expected: a massive bull run as these instruments got green light from public authorities.
Cathie Wood's ARK investment instruments have been continuously dumping Coinbase shares in the last months, possibly to balance the holdings of the ETF ARKW(ark-funds.com), and the crypto-exchange shows 2 interesting things: certain degree of correlation with BTC and extraordinary earnings.
However the last earnings should have been fuelling this stock but they didn't due to weaknesses in their fundamentals and tough valuations with shallow price targets. If done carefully, COIN can be used to track small spikes in price and short trends in BTC and ETH. The future could be promising for Coinbase, but from a macroeconomic standpoint we are not out of the woods at all.
My observations tell me that the markets like to be bearish on COIN, but for short term wave riding, it could be worth it - just make sure you have appropriate risk management when doing so.