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QQQ Historical Fib Chart This will be interesting to see how the next few months go. I have no idea one way or another, I don't really believe anyone does, but this chart is very telling of the runup we had in QQQ with very low interest rates. Once the fed does actually begin moving, I'd expect a sharp drop off in growth stocks that rely on low interest rates if they are not making profits yet. The fed is warning of this as well, so my plan is to put money into high cash flow stocks for the time being and buy back into QQQ once we have a more stable fed rate.
NASDAQ:QQQ
by ATSpain
Micro Bitcoin Futures Will Increase the Addressable Market Each event lifted Bitcoin to new highs Next up- Micro futures Expanding the addressable market through lower margin requirements- Real Estate is about location; other markets are all about liquidity The market cap is still low and has room to rise The next event will be the ETFs- It could take time I remember a commercial that aired in New York for the lottery. The memorable slogan was “All you need is a dollar and a dream.” The odds of hitting the six lotto numbers along with the Powerball number were infinitesimal. At a recent Powerball drawing in Tennessee was one in 292.2 million. People have a one in 2.32 million chance of being killed in a lightning strike, to put the odds in perspective. Meanwhile, a $1 investment in Bitcoin eleven short years ago bought 166.67 tokens at six cents per coin. At the April 14 high at $65,520, the $1 invested was worth over $1.09 million, a jackpot. The incredible return continues to fuel widespread speculation in the digital currency arena. Each day new tokens come to market. While Bitcoin and Ethereum are the leaders, there were another over 9,500 tokens, and rising, at the end of last week. While Bitcoin’s value has risen steadily over the past eleven years, it has been a bumpy road. The Mount Gox debacle in 2014 shook confidence in the digital currency market and sent Bitcoin’s price substantially lower. High-profit critics over the past years have called Bitcoin and the other cryptocurrencies everything from a scam to a Ponzi scheme. JP Morgan Chase’s Jamie Dimon called it a “fraud” in 2017. Warren Buffet said it was financial “rat poison squared.” They were wrong as the digital currencies continue to challenge the status quo. The CME rolled out its first futures contract in December 2017. The move pushed Bitcoin’s value over the $20,000 level. Monday, the CME will introduce a micro Bitcoin futures contract, which is likely to add liquidity to the market and help in the maturation process. Each event lifted Bitcoin to new highs Bitcoin has been around for a little over a decade. From humble beginnings where those with the foresight to mine the tokens found a treasure if they held it, the price of the leading cryptocurrency has vaulted to new highs each time acceptance grew. In late 2017, the Chicago Mercantile Exchange rolled out futures contracts that sent the price to the first record high at over $20,000 per token. The chart highlights the peak at $20,650 in December 2017. This picture shows the incredible rise from price levels before the CME’s futures contract, which provided liquidity and expanded the addressable market. The CME rolled out Ethereum futures on February 8 with the same impact on the price of the second-leading digital currency. Ether’s price rose in anticipation of the futures contract, but the February 8 rollout turbocharged the gains. Ethereum hit an all-time high at $2803.75 on April 29 as the bullish party continues to push the price to higher highs. Meanwhile, other events have fostered a rising acceptance for the asset class, which has come a long way from Jamie Dimon’s classification as a “fraud” and Warren Buffett’s characterization as “financial rat poison squared.” Last September, Jack Dorsey’s Square (SQ), a payments technology company, bought $50 million worth of Bitcoin. They added another $170 million in purchases in early 2021. Meanwhile, Elon Musk’s Tesla (TSLA) swooped in and bought $1.5 billion of Bitcoin early this year and said it would accept the cryptocurrency for its EVs. Tesla is not the only company accepting cryptos these days. I've included a link to the growing number of companies and businesses accepting Bitcoins in the full article. The bottom line is that the more companies accept Bitcoin, the more investment capital pours into the market. At the end of last week, Bitcoin’s market cap stood at roughly the $1.082 trillion level. The Coinbase listing on NASDAQ was the last significant event. On April 14, the listing date, Bitcoin reached its latest record high at $65,520 per token. Next up- Micro futures The five-token Bitcoin contract had a nominal value of $327,600 when the price reached its April 14 high. Original or initial margin requirements or the good-faith deposit required to trade a Bitcoin future was roughly $160,000 per contract, precluding many market participants from trading the product. The extreme volatility in Bitcoin’s price requires a high margin level. This week, on May 3, the CME rolled out the Micro Bitcoin future, a pint-sized product that makes Bitcoin futures trading and investing available to a broader audience. The contract is 1/50th of the size of the original futures (0.1 Bitcoin per micro contract), meaning margin requirements will be around the $2,500 level. Micro futures will allow for hedging, speculation, and trading at a more manageable risk level for many. Expanding the addressable market through lower margin requirements- Real Estate is about location; other markets are all about liquidity In the real estate market, the mantra is location-location-location. In financial products, it’s liquidity-liquidity-liquidity. Mature markets offer buyers and sellers the ability to execute purchases or sales on tight bid-offer spreads. Tight spreads are only possible when there is enough critical mass or trading volume created by a substantial number of market participants with interest at all price levels. The CME’s micro product for Bitcoin that lowers nominal margin requirements could have an explosive impact on liquidity. The bottom line is that lower capital requirements make the market available to a growing addressable market, translating to increased liquidity. Liquidity measures include volume and open interest, the total number of open long and short positions in the futures contract. Moreover, increasing liquidity often causes price volatility to decline. We witnessed this in the natural gas futures ( NG1! ) arena, which began trading in 1990 on the CME’s NYMEX division. The price ranged from 1990 through 2005 was from $1.02 to $15.65 per MMBtu, and the price action was wild at times. Over the first fifteen years of trading, the highest-level open interest ever reached was below 600,000 contracts. As the market matured and liquidity grew, open interest rose to over 1.6 million contracts. Over the past twelve years, increased liquidity led to a significant decline in price variance. Please continue reading the full article using the link below. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This post does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
CME:BTC1!Long
by Andy_Hecht
Interesting lines to why we might face so much resistance hereThe green and yellow line represents the channel which both the 2012 and 2016 accumulation took part in. We have never been able to build support here since. In 2019 during the summer, we visited this narrowing channel once again as we were forming a top, and got rejected below. The blue line is drawn from the top of the 2013 rally (weekly tops, not wicks). We barely pushed through this line when we made the 2017 top, and have never been able to hold above this line either. This would mean, that if we are able to build support above these levels, and go higher, there is a chance of turning the historical resistance levels that we are facing now, into support. If it does, its a paradigm shift in terms of macro price action in my eyes. If not, the price may have to go down to gather the energy to one day push through. However, the macro picture to me looks very determined to conquering these levels. Exciting times!
BITSTAMP:BTCUSD
by UnknownUnicorn5920815
EOS Has a LOT Of Potential In Terms Of % GainsIn terms of percentage gains EOS has a lot to go. We probably wont see prices below $6, maybe even higher, but that is just my opinion from what i see on a chart. Where are at a beginning of a alt season so it is hard to miss a coin that would not have some kind of % gains in it, but to find the right one, you have to look from a bigger perspective so you can see what it has done in the past. History tends to repeat itself so as human psychology imo. From the chart perspective, 4.236 fib. extension takes us as high as $93, but in my opinion prices between 50 and 70 are more likely to be reached. It could just surprise us all and go even a bit higher than $100, but quite unlikely imo. We first have to break above $8.6 resistence line, from where we were rejected and couldn't reach for almost 2 years now. Breaking above this (blue) line would confirm the explosion in price, but will see. The predicted price is just a representation from a 2017/18 alt season and does not mean it will go exactly like that. I am not a financial advisor so don't buy anything that a say. Wish you all successful investment. BITFINEX:EOSUSD
BITFINEX:EOSUSDLong
by CR35
7
XRP Very Possible That The Show Is About To BeginTwo days back, xrp bumped out of nowhere and all that happened after btc setting new highs. Some say that market has experienced such price movements back in 2013 and if we are repeating that moment we are on a verge of a take off. We must not forget that at the moment xrp is one of the most undervalued altcoin that could provide such unique and useful utilities in financial system to begin with. Such useful projects among altcoins are needed for its financial growth and xrp is the leader in such usefulness imo. From the chard perspective we could wave a bit between yellow and blue lines, but there is also a great chance that when one line is broken upwards, the price could just keep going. We have also managed to stay above purple rising trend line, which is a very great sign for now. The alt season for xrp is however confirmed once we broke above a green resistence line I am not a financial advisor so don't buy anything that a say. BITSTAMP:XRPUSD
BITSTAMP:XRPUSD
by CR35
INSANE correlation between 2017 & 2021 Bitcoin charts!Take a moment to appreciate this beauty ... The upper chart is 2021's current situation, the lower one is 2017's bullrun. Pay attention to the brushed drawings on the chart and the respective Fibonacci levels. Pretty much EXACTLY the same !! >> This suggests we're topping out in short-term at ~63k and going painfully down to the 42k area once again, before continuing with the bullrun. I've been mind-blown with this. Seriously. Whales pumping or dumping didn't change the game that much after all! Backtesting works. Safe tradings, everyone! " History doesn't repeat itself, but it often rhymes " - Mark Twain
INDEX:BTCUSDLong
by B4Baggio
11
SPX's P/E Probability game Average crash 42 % Median crash 37 %All Major crashes since 1902: ------------------------------------------------------------------------------------- Year % Crash P/E@ Beg. P/E@ End Days lasted 2020 35 % 26 19 28 2007 57% 21 120 490 2000 50% 27 29!!! 763 1987 36% 21 13.7 28 1980 28% 9 9 609 1973 49% 18 7 609 1968 37% 18 13 483 1961 29% 22 16 147 1937 57% 16 8 1855 1929 84% 18 9 973 1916 37% 7 !!! 14! 1708 1909 28% 13.65 14.54 1764 1906 37% 13 9 637 1902 29 14 11 364 -------------------------------------------------------------------------------- Extra Info: All reading Above 21 P/E ------------------------------------------- April, 19 - Presents March, 15 - October, 18 crash November, 07 November , 09 crash June , 97 January , 04 bull August, 91 November, 93 bull July 87 July 87 crash March, 61 November 61 crash April 46 July 46 crash May 33 March 34 correction October 21 December 21 bull -------------------------------------- statistic wise, 66.33 we will crash/correct 33.33 bull market (Excluding present time) ---------------------------------------------------------------------------------------- Tips: ***Only 2 times in history we got reading as high as now. 1/ Current reading is 37 P/E 2/ similar reading A. October , 2008- December 2009 End of a crash B. October 2001 - May 2002 last 1/3 of a crash ----------------------------------------------------------------------------------------- summary: Probability game is : Average crash 42 % Median crash 37 %
SP:SPX
by samitrading
2
Overview Q420/Q120 for BitcoinNo meaningful TA here. Just an overview on the angle trends, price growth/loss during the past two quarters. General observation is that volatility grows each wave up, with the last correction volatility was highest, and the correction was significantly shorter than earlier corrections, though well within the range of correction, about halfway between the % correction of the previous two. Note, I'm still learning TA, welcome any other observations or feedback.
COINBASE:BTCUSD
by 1BigPapi
Doge Waves History !!!An interesting result was obtained by analyzing the correction wave lengths after a strong impulsive wave (with more than 50% price rise): - All correction "Minimum Price" (Red Arrows) are between 0.786-0.618 Fibonacci. - Almost all "Impulse Start Price" (Green Arrows) are between 0.786-0.618 Fibonacci and above the "Minimum Price" (Red Arrows). If it repeat itself , now we are may be in "Impulse Area". new impulse may be between 0.417-0.517. I used my naming in the analysis. It's just for education. I will be happy to use your comments.
BITTREX:DOGEUSD
by zeinol1371
ETH Potential Buying Opportunity Is NearingEven though it seems like ETH doesn't have that much of a % rise up as some other altcoins (400%-600% at most, while some others are waiting for a 1500-2000% gains), it can still be a good buying opportunity as it corrects, especially for a short sellers. We can still expect 400%-600% rise from expected correction point. As far as how deep this correction could go,... if it manages to brake beneath 0.786 fib. retr. level ($1135) it most likely won't brake beneath 0.618 level ($911), but even if it does, it won't be much deeper and should quickly bounce back up as BTC finishes its corrective move. I am not a financial advisor so don't buy anything that a say. Wish you all successful investment. BITSTAMP:ETHUSD
BITSTAMP:ETHUSD
by CR35
2
Bitcoin Blowoff top on Cinco De Mayo.. compare this to NASDAQI have analyzed the entire history of bitcoin price and I can say with certainty we are experiencing a 2x faster cycle than the one we had in 2017. This will end with a blowoff top in May followed by a 2-3 month bear market. I've analyzed 100 years of NASDAQ and DJIA charts, and compared them to every tiny mini cycle bitcoin has had, as well as the long term Bitcoin chart as seen here. I can also speculate that the Bitcoin chart from 2009 - 2021 is about 60% of the way through a bigger cycle that should end with a blowoff top in approximately 2030. If you have doubts feel free to discuss, but this is a very big deal.
CRYPTOCAP:BTCLong
by RickSmash
7
NASDAQ Will Have a Blowoff Top by AugustI have studied the hell out of this, and I can say for certain we are about to experience a wild bull run and then a blowoff top. This is the final stage of a 12.5 year cycle. This exact cycle took place from 1974 - 2000. The Nasdaq from 1974-2021 looks identical to Bitcoin from 2015-2021. In 2015 the charts obviously did not look the same at all. Bitcoin has mirrored 48 years of the NASDAQ immaculately, except it did it in 6-7 years. Bitcoin is now only slightly behind the NASDAQ and on pace to catch up within two months. This may be the most significant long term chart comparison in history and nobody is talking about it. Both are set to have a blowoff top by the summer, It's undeniable.
NASDAQ:IXICLong
by RickSmash
3