Growth
$ALGO Supports And Resistance Zones - TIME TO BUYEURONEXT:ALGO Is an asset I have a lot of history with, Currently, it is trading well below what it realistically should be, considering the overall state of the crypto market right now.
In this Chart I have not only added updated support / Resistance and target zones, I have left the previous Levels up that I charted in 2021
The more relevant data to current trades will be the levels established at the lower parts of the chart. Namely, the price points that follow.
Here are my levels to watch out for,
Here are my recommended options for entry.
You can wait for a breakout of resistance zone 1, wait for a breakdown to the support level ($.1230), or enter right now and risk a breakdown while still in the trade.
At this level I do believe it is a more beneficial move to either enter now or wait until a break of resistance, I don't necessarily see us dipping to support unless the overall market declines over the next few days.
Here are the levels to watch.
Set alerts are applicable prices.
Support / Entry level: $.1230
Resistance Zone 1: $.1405-$.1520
Target 1: $.2390 +97%
Target 2: $.3610 +190%
Target 3: $.5070 +320%
BTC / 1H / 27 OctoberI predict a three-wave Elliott wave pattern for Bitcoin's movement. The first wave moved towards the bullish target after the 2-day correction. The second wave needs 4 or 5 days to complete its correction and move towards the end of the third wave. The bottom of the wave seems to be $38,000
This pattern shows itself on the 1-hour time frame and is just a prediction based on the three-wave pattern on the same time frame.
I have put the daily or 4-hour time frame forecast in other analyzes on my page
The World of ETFsIn the vast landscape of investments, Exchange-Traded Funds (ETFs) stand as a unique bridge, merging the best of both stocks and mutual funds. While traditional managed funds pool investors' money into assets managed by professionals, ETFs introduce a compelling twist, allowing for the flexibility of stock trading.
Unlike managed funds, ETFs are akin to stocks, enabling investors to buy and sell them at any time during market hours . This accessibility aligns ETFs more closely with the dynamic nature of stocks, catering to the on-demand needs of modern investors.
However, just like any investment, ETFs come with their nuances and risks. Diversification, often touted as an investment safety net, does mitigate some risks but can't fully shield against market volatility.
Different ETFs carry varying levels of risk, making understanding these distinctions vital before investing. Additionally, the past performance of ETFs isn't always a reliable indicator of future results, underlining the importance of comprehensive research and sound decision-making.
Bitcoin ETFs: The Gateway to Crypto Investments
In recent years, the advent of Bitcoin ETFs has added an intriguing chapter to the investment narrative. These financial instruments enable investors to engage with Bitcoin's price movements without directly owning the cryptocurrency. Bitcoin ETFs, traded on conventional stock exchanges, provide an accessible avenue for traditional investors to venture into the crypto sphere.
Within the realm of Bitcoin ETFs, there are two primary types: spot and futures-based ETFs:
Spot Bitcoin ETFs offer direct exposure to Bitcoin's real-time market price, involving the actual cryptocurrency.
On the other hand, futures-based ETFs utilize Bitcoin futures contracts, enabling speculation on the asset's future price without owning the underlying asset.
The interest in Bitcoin ETFs can be attributed to several factors. First and foremost, they offer unparalleled ease of access. Trading on mainstream stock exchanges simplifies the process, allowing investors to leverage existing brokerage accounts without delving into the complexities of crypto exchanges.
Moreover, the regulatory oversight accompanying ETFs adds a layer of security, easing concerns related to fraud and market manipulation prevalent in unregulated crypto markets.
Additionally, the introduction of Bitcoin ETFs signifies a significant shift, indicating the integration of cryptocurrencies into traditional financial systems.
While the United States has yet to approve a spot Bitcoin ETF, several Bitcoin futures-linked ETFs have gained regulatory approval , broadening investment horizons.
Beyond Bitcoin: Exploring the Crypto ETF Spectrum
While Bitcoin has seized the spotlight, the crypto ETF landscape is not confined to it alone. Outside the United States, various Cryptocurrency Exchange-Traded Products (ETPs) encompass a spectrum of digital assets beyond Bitcoin. These offerings enable diversification within the digital asset space, catering to investors keen on exploring a range of cryptocurrencies.
In the United States, ETFs linked to cryptocurrencies like Ether also exist, albeit in the futures-related domain. Although spot-based crypto ETFs are yet to make their debut, the evolving regulatory landscape and market demand may pave the way for these in the future.
As the financial world continues its digital transformation, understanding ETFs and their crypto counterparts becomes paramount. By bridging the gap between traditional stocks and the dynamic crypto sphere, ETFs empower investors with newfound opportunities and avenues for portfolio growth.
Stay tuned for the evolving of crypto ETFs, where the world of investments meets the future of finance.
Will Companies Like Square (Block) Ever Make a Comeback?Ah yes... I remember the good ol' days of Square (now known as Block). It was one my best investments in my short career as a trader/investor. Way back when, the story was quite obvious: they had created the best solution for small businesses to sell goods & services either in a store or online.
It was fast and effortless.
The rise of Block, and subsequent drop, has been something to marvel at. I had sold my position many moons ago, but it's remained on my watchlist because I like the company and what it stands for.
Some people have given it a very hard time for its rebranding to Block, its new logo, and mission. However, considering that they are payment experts, I think it's notable and worth watching.
Nevertheless, can the stock really make a comeback? The chart is horrendous.
One factor contributing to this downward trend is the significant acquisition of Afterpay, which required a substantial amount of cash and stock, impacting Block's balance sheet. I still have NO idea why they paid this much to acquire an average company.
I guess the hype and FOMO of BNPL really got to them.
In August 2021, Block announced its intent to acquire Afterpay, a prominent "buy now, pay later" fintech company. I think the story made sense - it gave them the capability to add their own credit network. However, the sheer size of the transaction was just bonkers.
Block currently has a market cap of $28 billion. BUT, they acquired AfterPay for $29 billion! Ouch... the company is now worth less than their recent buyout.
It's important to note that such significant acquisitions often take time to yield the intended benefits. The share price decline may be partially attributed to investor impatience and a lack of immediate clarity on how Block plans to integrate Afterpay into its broader ecosystem.
The question is simple: will AfterPay ever yield the payout that Block intended it to have? If the answer is anything but "yes - it's happening" there's no reason to trade or invest in this any further. HOWEVER, if there are glimpses that show, just maybe, Block made a smart acquisition, adding a new layer to their payment network that is only just starting, then the return to highs is not far-fetched at all.
The trade is simple: watch to see how Block continues to integrate AfterPay, and, it is starts to work, it's worth evaluating further over 1-3 year comeback in share price.
Modeling a shift in SRAS and AD over the past year, I think. I used the U.S PCE YoY as the base, I then overlaid the M1 YoY and Real GDP YoY. I used the beginning of this years as a reference point as that is roughly when the fed began increasing interest rates.
As the price level declines demonstrated by a decline in the money supply and PCE YoY declining
Real GDP YoY is seen increasing
To my understanding this visualizes how SRAS and AD have shifted to the left over the past year
Saudi Aramco Stock on Tadawul ExchangeSaudi Aramco made more than 94,5 billions in profits this year. This is a good order to win the situation. After last year losses this ship is going to deliver. As you can see on the presented chart, we have prepared more complex strategy for this Asset. Alpha+Beta is when interests of passive and active managers follow the same road. Sigma stayed the same. Theta, also the same. Omega+Kappa is when interests of minority investors are divided by conflict of interests for some reason. Why we think this is truth, and not a hogwash? Well, truth in numbers, try to not associate yourself with this, calculate it yourself. Good luck with Saudi Aramco Stock, investors.
Gala's All Time High Return Gain %Just so you long term fan boys can see it.
If you long now and set an alert at Gala's all time high, you could be looking at 3900% gain.
Say $1000 into $39,000.
Say $5000 into $200,000.
Of course no one knows the future.
I just like the long term in clear view of it's all time high.
Happy trading.
Not financial advice.
Lumn in Accumulation Phase ?Despite all the negative news around LUMN, negative cash flow, negative EBITDA and finally negative outlook from market analysts, LUMN remains a pioneer in data infrastructure and fiber provider in the US market + the market cap ($1.5B) is far below it is total equity fair value ( MUN:10B ).
in other words, the fair price to the current situation is around 7 time the current stock price with negative outlook, this can be reduced by 50% which means 3,5 * 1,4 == around $5. (this is my personal analysis taking the worst financials case of LUMN for the next 4 quarters).
The weekly and monthly charts show continues sell off with possible accumulation phase just started, in the coming months this can be confirmed if we see price stabilization around $1 and volume remains high.
As per Fintel data, the institutional ownership percentage is dropping for the (at least) second quarter in a row.
This is an opportunity to target 2026/2027 at least, less then 5% of the capital to be allocated.
return may exceed 1000% (not guaranteed in shorter term), loss of 100% is highly possible if the new CEO fails to save the company + worst debt with higher yields.
Position open, target price $10.
Good luck everyone :)
UBER - ATH likely in 2024
I must admit despite all the TA I have tried with this name, profit has eluded me because most upward action has bee around ER. I have tried not hold big positions into ER, but this name has proved me wrong last three times.
Bounced off of 60 VMA nicely an caught fire. another test of 45 or flag above would set this up nicely for 60.
despite sluggish volume, this has help up really well. Suggests institutional ownership is high and when market conditions improve, this is likely to blast off.
No position
XTZ 4 the Fall Smart money Risk contraction meaning no guarantee to 85 cents; it usually surpasses it. Swing H/L with bullish contraction which now shows a completed uptrend because it’s reached first supply zone until further notice to reach top supply zone. 64 pips. Smart money magnet line means trend intends to stay sometimes within that area based on smart money momentum.
TARGET MET
DNOPY discounted on strong performanceDNOPY is my newest OTC long-term stocks. The company has a great organic expansion plan for their grocery stores in Poland. They only expand when a store has around 5000 individual customers, this allows them to avoid taking on huge debt by expanding appropriately instead of aggressively. They have strong financials in general and a logical management team. I like to have single stock exposure to international areas that have familiar economies. Poland does have higher inflation than America currently but the currency risk should be limited as the inflation seems to be dropping. The stock has a decent pull back recently allowing an opportunity for those who are interested.
Halfway thereWe're halfway through the year of 2023. Mega Cap earnings season begins in July. The 8 largest companies by market capitalization are AAPL, MSFT, GOOGL, AMZN, NVDA, TSLA, BRK.B, META. Here's an 8 split frame, 6 month chart with financial data.
AAPL 3.05 T
+49% YTD
Earnings 8/3/23
MSFT 2.53 T
+42% YTD
Earnings 7/25/23
GOOGL 1.53 T
+36% YTD
Earnings 7/25/23
AMZN 1.34 T
+55% YTD
Earnings 7/27/23
NVDA 1.04 T
+189% YTD
Earnings 8/23/23
TSLA 830 B
+113% YTD
Earnings 8/19/23
BRK.B 745 B
+10% YTD
Earnings 8/7/23
META 735 B
+138% YTD
Earnings 7/26/23
Revenue = The total amount of money brought in by a company's operations, measured over a set amount of time.
EPS = Is calculated by subtracting any preferred dividends from a company's net income and dividing that amount by the number of shares outstanding.
PE = The price-to-earnings (P/E) ratio is the ratio for valuing a company that measures its current share price relative to its per-share earnings.
PB = The Price-to-book value (P/B) is the ratio of the market value of a company's shares (share price) over its book value of equity.
PS = The price-to-sales P/S ratio is calculated by dividing the stock price by the underlying company's sales per share.
FCF = Free cash flow (FCF) represents the cash that a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Cash to debt ratio = The cash flow-to-debt ratio is the ratio of a company's cash flow from operations to its total debt. A ratio of 1 or greater is best, whereas a ratio of less than 1 shows that a firm isn't generating sufficient cash flow to meet its debt obligations.
PEG ratio = The price/earnings to growth ratio (PEG ratio) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. Generally, a PEG below 1 means a stock is undervalued.
Current ratio = The current ratio is Current Assets divided by Current Liabilities. It's a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. In general, a current ratio of 2 or higher is considered good, and anything lower than 2 is a cause for concern.
Snap: Is the Nightmare Finally Ending?Snap has struggled since growth stocks started crumbling two years ago, but now some traders may see chances of a recovery.
The first pattern on today’s chart is the potential basing pattern that began in August. Its bottom was slightly above the May trough. That could suggest that selling pressure is waning in the social-media stock.
Second are the pair of high-volume candles on October 16 and 25. The first came after The Verge reported that SNAP was setting ambitious internal targets for monetization and engagement. The second followed better-than-expected quarterly results.
At that time, investors were nervous about global tensions hurting growth. But if those worries fade, traders could target the third pattern: a large bearish gap that followed weak quarterly results in July.
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Supply Shock 2.0 - Before March 2024 Bitcoin[
Taking a break on this, but still traditional finance institutions refuse to release the data they have on the supply situation on Bitcoin meaning there's a big multiplier on every $1 that enters Bitcoin.
I always do Fundamentals on-chain before drawing macro trends on anything, Bitcoin would have to be the best asset for this as we can see everything on-chain unlike Gold or Stocks and Bonds to the exact unit.
Bitcoin cannot I repeat Bitcoin cannot remain under $200,000 if less than 2% of institutions allocate to Bitcoin. The supply is simply just not there.
ON-CHAIN DATA AS OF POST
Bitcoin: Total Supply Held by Long-Term Holders
14,850,716 BTC (Lost and holders who will not sell)
Bitcoin: Balance in Miner Wallets - All Miners
1,830,337 BTC
Bitcoin: Balance on Exchanges (Total) - All Exchanges
2,318,356 BTC
(I believe a lot of this balance is already allocated to the Spot ETF's so again it will be moved once launched and not sold)
End
SOL->AVAX Rotation trade, Point of maximum opportunityAVAX is now in the historic low of its range vs SOL and I've no information that Solana has somehow defeated Avalanche in terms of its value proposition, so it would make complete sense for there to be a rotation between the two platform tokens.
If you need fundamentals to drive a bullish position on AVAX, look at forthcoming blockchain games Shrapnel and Off the Grid, both very likely to be the biggest games in Web 3.0, also Avalanche appear to be courting RWAs and are said to appear in every conversation about asset tokenisation between the Big 4, see also Bank of America report on this.
All looking very good for Avalanche.
My Favorite AI Play - Bandwidth (BAND)Bandwidth (BAND) is my favorite AI play right now.
The chart looks really bad! I get it. Today, it trades for below even its IPO price.
But the reason why I think it's an AI play ready to double, possibly triple, is a fundamental reason that I'll explain in this post.
First of all, let me state something very interesting about Bandwidth - today it's one of the worst performing stocks in the entire market since 2020 and 2021. I don't entirely know why that's the case, but I do think the market has overreacted.
Let me now get the bad news out of the way: when BAND's stock was flying high, management took out several large loans to expand faster and grow globally. Those gains are starting to be realized, but it's key to mention this as the debt profile is still somewhat high. The question now is: can they keep paying it off? They're on target to have little to no debt within the next few years.
Okay, so why is Bandwidth an AI play? To understand this you need to know that Bandwidth is essentially the connector for data that is transmitted over the web. Bandwidth's platform helps data, messages, voice calls, video calls, email, and more travel from Point A to Point B.
For example, when you make a call on Zoom or even Slack or Google Hangouts, it's highly likely your call is being routed over Bandwith's network. The point is, Bandwidth is the toll keeper, the train conductor, for most modern communications that are triggered at scale.
So how does AI fit into this?
That's where this gets good. All of these AI companies NEED a company to help deliver the information to their end consumer. If OpenAI creates a chatbot that works on text message or sends push notifications or can even speak over calls, Bandwidth will most likely be the resource that delivers that information from business to consumer.
What's even more interesting is call centers and the future of talking to call centers to get help or support. In one scenario, you upload all your most frequently asked questions, pair it with an AI service, and then let users call that AI service over the Bandwidth network and now an AI customer support agent is solving issues at scale.
This is just one example.
I could go on and on.
But that's my play!
I own a little Bandwidth and will be watching closely in the coming years.