Potential Relief Rally to $8-9 upcoming? Price action in the MJ Sector are known for their extremely quick movements and the euphoria is short lived as retail traders take their profits. A quick and massive short squeeze plus hype from overall market sentiment is what it will take for this movement (Since much of the traders of ACB are retail traders). Historically it has done exactly just that.
Waiting to see if the next 2W candle (Ending January 31, 2020) creates a higher high above $3.02 and closes above $2.92 with strong volume. A close above 2.92 will form a bullish hammer on ACB's monthly chart, further solidifying this trend change.
Note: Historical price action between $4-5 moves quickly as there is little support/resistance developed in this zone. Strong buying pressure that lasts until $4 will leave many shorts who entered from mid November to now in the red, which may potentially cause a short squeeze into the neckline of the monthly Head and Shoulders (Around $6). A short squeeze that causes an artificial increase in price will further drive in retail investors to buy more from this hype, and perhaps lead to another short lived Bull Market as we have seen occurred thrice before.
Hype
Beyond Meat finally looks attractiveWith Beyond Meat finally having returned to its IPO-day price range, the stock finally looks fairly valued. BYND may stay here for now, but if its earnings outlook improves then it could once again explode higher. I think this stock has a lot of upside potential in the next two years, with analysts currently forecasting huge earnings growth. The current analyst summary score is pretty bad, at 1.1/10. However, it has a "buy" rating from Zacks, which is one of the most accurate analyst firms, and a low summary score means there's a lot of opportunity for upgrades to move the stock price. I also see a fair amount of bullish divergence on the chart.
Hyped cannabis stock ACB finally worth a buyAfter a long downward slide, Aurora Cannabis has finally hit a support critical level around $2.50. With the stock finally looking a little undervalued and a large recent earnings beat under its belt, ACB should rally higher. Call buyers are targeting $5.00 per share within two months, with over 40,000 call options located at that price. Cannabis is a hype sector, so when investor interest picks back up, it could quickly turn red hot. Several times in the last few years, ACB has hit over $10 per share.
Canopy Growth TSX WEED.TO.. The hype cycle. Weekly with reports.Things have definitely finally hit levels that are in line with a longer term bottoming and possibly the re-confirmation of a base support at these levels of previous highs. If not, things look grim for this entire hype based market.
Wait for the next report? Wake me up in the spring.
Short sell the disgusting climate hoax"It's very hard for people to reject what they have been taught their entire life since they were children even when presented with the evidence".
WEAK. Literally took me 1 second after seing the data to change my mind about the lies I was spoon fed my entire life since I was 5.
Donald Trump administration finally went against the dogma. Retiring scientists (their careers cannot be ruined anymore) are standing up to the establishment.
The truth is out and it will spread. We live in the internet age. They can try censoring it, but you cannot censor the whole internet. The truth will spread.
And all the GARBAGE, wasting, nature killing (ironic) companies built on the lie will collapse.
If you do not want an elite to control the world, push europe & na in misery, keep africa poor and even exterminate them, then you are a racist and a holocaust denier - er I mean "climate" denier. Climate change logic at its finest. They are actually dumber than middle ages witch burning peasants. And history does not exactly paint a very flattering image of those.
Facts don't matter, "approved" facts is what matters to them. They disgust me so much. And why are they so eager for news not to cover their buddy Epstein? It might steal valuable time from the climate change "only 10 years left" urgency? It's all for the good cause right?
Wait until we get the short interest on Tesla. Already shorting a company overrun by brainwashed cultists & Robinhood ignorant gamblers. Let's not also join a crowded short.
Don't go against the herd, as dumb as they might be.
In the past century there have been hundreds of stock market and real estate bubbles, stock bubbles happened in particular in "new tech" stocks that mainstream media talks about alot.
In the past century how many bubbles have there been in corporate bonds? Take a guess. Zero. Not one. Tells you everything you have to know.
If Bitcoin taught us something it's that retail is VERY SLOW to understand things and react, especially when it goes against what they want to hear. They can even ignore it. So I expect a downtrend to be slow.
If institutions are the main player in something they are so fast that you can't even get filled so it's not good either :(
Pros to short:
Tesla is not profitable, it's a trash company based on hype and Elon being a manipulative celebrity.
Climate change threat is an obvious lie. Literally takes 15 minutes to debunk 97% of their claims.
Near ath resistance & 1.236 extension of a sucker rally.
Cons to short:
The stock market in general could be entering its last phase, the parabolic run up.
Noobish morons cause bubbles, and will randomly buy anything.
Overcrowded short (we will know this soon).
Short at around 375 with a SL slightly above ath, or sell puts.
Or be long DJI/SPX while short TSLA.
Take advantage of millenials stupidity27% of tesla shares are sold short. Price is surging, sellers are going to cover.
After that happens, and maybe some hesitation, it may be interesting to short sell this.
Links to check %floats of most shorted stocks on the US market:
www.highshortinterest.com
www.marketbeat.com
Something like this can happen so let's first wait for short sellers to get squeezed :)
With millenials being what they are this thing could even go into a bubble.
They say IQs have dropped by 14 points since the last century...
And they're persuaded of being right. A giant herd of brainlets persuaded they are right that keep buying.
That alone would make the price go up up up.
Around 78.6%, IF shorts got squeezed (not too many shares sold short), would be a good place to sell.
Keep your eyes open for excitement "the bull market is back" if they start buyign aggressively the trade is cancelled, have to wait for the rally to end...
Why there is 90% chance for Bitcoin to break up from triangle!At the end of July, we predicted what will be happening with BTC in the upcoming months and we were right!
Yesterday we even had price manipulation on Kraken. (check RELATED IDEA "catch me if you can")
Now we are predicting the next wave coming!
More strong arguments, detailed explanation and correlation with other indicators coming in the updates.
Like the post or follow the author in order not to miss them.
Stay tuned!
It's around 90% chance we are just before the push we have been waiting for months.
I think, a new Hype for ETH just starting...bitcoin has a margin at this time in the Marketcap, but loosed the first position in daily VOLUMEN because USD. Yes, I know, it is only "Tether" and working on the Bitcoin blockchain. But it is the USD behind. We HOPE... The third position, ETH is interesting, because Tether was able to get the first position through the trades with ETH. ETH in USDT. Please see on Marketcap sometimes the Market stat also.
I think, it will be started a new HYPE for ETH. (and some other Alt's, what is INTERESTING (spell: SELECTED) for STANDARD INVESTORS)
Please read my post on the bitcointalk.org also: bitcointalk.org
HOW TO TRADE BINANCE COIN?Binance Coin - BNB in short.
- On 14-7-2017 ICO price was $0.1063 with Maximum Supply 200 Millions tokens of BNB runs on the Ethereum Blockchain based on ERC20 Protocol .
- Trading BNB started on 6-11-2017, opened at $1.5/BNB in first week.
- BNB pumped from $1.49 to $25.18 in 9 weeks then dumping hard to $5.52 in 4 weeks.
- 2017 has been ended with burning 2,807,586 BNB ($41.5 millions) by Binance's team.
- From February 2018 to June 2018, BNB tried to pump its price until $17.47 then dumping slowly to $4.12 in ~24 weeks.
- 2018 has been ended with burning 8,016,885 BNB ($88.4 Millions) by Binance's team.
- According to the news that Binance Chain will be launched in Q1/2019, the price started to increase from $4.12 to $20 on 1st week of April 2019, then dumping to $16.25 on 2nd week of April 2019.
- Q1/2019 has been ended with burning 829,888 BNB ($15.6 Millions) by Binance's team.
- After Binance had tweeted this , the price pumped from $16.25 to $25.49 in 2 weeks, then dumping to $18.30 on 1st week of May 2019.
- Before Binance launched HARMONY Project on 27-5-2019, the price had pumped from $18.30 to $35.48 in 2 weeks.
- The price of BNB dumped to $28.71
- Q2/2019 has been ended with burning 808,888 BNB ($23.838 Millions) by Binance's team.
- The price pumped to $39.59 as a new ATH instead of $25.18.
At that time, you had to sell at $39 at least before the hard dumping. According to weekly chart, the price pumped from $4.12 to $39.59 directly. Binance distracted you by following their launchpad's projects from the beginning of 2019. Take a look at Binance Launchpad .
To sell your coins at highest prices, you should increase the activity of your services such as;
- Updated Rules for Binance Launchpad
- Binance 2.0: One Platform, Two Functions
- Binance Lending and etc.
Binance and their team makes you buy and hold crypto at highest prices ( Especially BNB ), so you have to trade without losing and trying to read the trend of market.
Now, we should uptrend to $56 in organic buyers not bots or pumping from whales to see a new ATH ( The price of BNB controlled by Binance's team ).
TARGET 1
If we does uptrend to $56
We will see $77 and $93
TARGET 2
If we doesn't uptrend to $56
We will see $18.40 and $11.55
You can do scalping trades between $25.70 - $18.40 on your own risk, but if you can't handle your scalping trades without losing, SELL now and set a BUY order at $18.40
Do you really think Bitcoin can dip up to $8000 or less!?It is true that markets are sometimes hard to predict and the trader can never be 100% sure about the prediction.
However, when we go up soo many traders are calling new highs and when the price dips it looks like the end of the World is coming.
"Buy low, sell high!" tells us that if the price makes a strong move down we should more times call LONG than SHORT. In practice some do, but the majority doesn't.
Even if it's more probable to go up from there, then to go down. 90% probability is quiet a safe game to play. That's the probability of BTC not going to $8000 again (in our opinion).
There will be a few more posts showing the arguments and logic behind that, but let's start with historical comparison.
At the start of the previous bubble, we have local hypes where the majority of them finished as seen from the graph:
- dip with 1,2,3 local top (some with higher low other with lower low but actually it does not matter that much)
- x as recovery top (always going beyond top 3 and giving a false hope that we are going directly back to a year high)
- consolidation (which can happen faster or slower)
We posted way before the majority about local top and correction move into consolidation zone (check related ideas).
As you can see it hit upside perfectly and went just a bit out of the expected zone on the down, but that doesn't change the structure.
In the next posts, we will show more arguments about why it is so hard for BTC to go down from here instead of moving sideways or up.
Both of these scenarios should be great for altcoins market and none of them leads us to $8000! 90% sure about that.
Stay tuned and follow us and this idea so you can get automatic reminders.
THIS IS NOT FINANCIAL ADVICE.
Remember to trade safely!
If you just want to thank us you can hit like and leave a comment. Thank you for your support.
BTC TO $20K! 2017 was a hype's year. Market cap reached +$800 billions and for some reasons -$600 billions have been disappeared. ICO projects fails and scammed investors, Exchanges closed for anonymous reasons, Exchanges hacked, USDT (Tether USD) rates down to -$0.88 and other rumors in press. Do you remember the beginning of 2017? Ok, flashback with me. Binance didn't exist, Bitfinex suspended USD withdrawal, Tether USD printed, Jihan and Roger promoted BCash, BTC-e closed (It was a good crypto exchange at that time), Jihan (Co-Founder at Bitmain) stopped lots of miner from mining Bitcoin and enforced to mine BCash, John Mcafee (Bitcoin to $1 Million) , New ICO projects created quickly, Roger (BCash is real Bitcoin) and more... Back to the news from Q4 2016 to Q1 2018. That propaganda pumped Bitcoin to $19,890. It was a hard plan and have been achieved. We got a propaganda, but not for building crypto community. It was holding for more $$$ and getting new investors in crypto world!
Now, we should uptrend to $13,700 in organic buyers not bots or pumping from whales to see a new ATH.
TARGET 1
If we does uptrend to $13,700
We will see $18,600 and $23,300
TARGET 2
If we doesn't uptrend to $13,700
We will see $8,350 and $4,600
Advice: If you can't handle your trade without losing, don't buy!
How history hypes predict future price movement!Sometimes I ask myself why am I producing all this educational material on TW since it gets much fewer views than trade ideas themselves.
Usually, the answer is because I want to give something back. I want to teach the ones that want to learn how to catch a fish, not only get a fish.
Nikola Tesla said that we should check number 3, 6 and 9 and we would know much more about the World itself.
Let's check what number 3 tells about crypto markets.
Do you see 3 tops on all 4 graphs where the next one is lower than the previous one?
- 1st one is local hype top (peak)
- 2nd one is a local dead cat (where people still think run will go on)
- 3rd one is usually the last one (where weak players lose hands)
When that happens it's time for FUD to go away and recovery comes in place.
However, nothing can go exponential until the end. It has to stop to get some fuel for the next local hype.
That's consolidation before the next push. It can build up sideways also, but usually, it already has some upwards movement.
Some are faster like 135days or 185days to the next top in 2016 or 55-56days in 2017 when we are already deeper in the next bubble cycle.
Where are we today?
Is it consolidation or is it 3rd local top?
What do you think!?!
Give some opinions in the comments below and I will write down where I think we are. With approximately 90% probability! ;)
Enjoy your trades and don't forget that it's just an idea and not investment advice!
[BTC]: Catch the last train before it takes off!As you can see we had a double bottom.
TA wise:
- we had strong MA crosses on the 8h timeframe (check flags)
- there were lower highs (few dead cat bounces) after this local hype we had in previous months
News:
- Facebook's Lybra currency was an interesting catalyst in both ways
- Trump tweeting about crypto got some more PR into the crypto field
- Lybra might not ever see the daylight might have been shocking for some weak hands
However, I firmly believe this is still whales playground where they know how to use the news and key points.
It's been really interesting to see the push after the first double bottom low to 2nd dead cat high that was clearly made by big players in less than an hour!
Since it's hard to play against them, it might be better to join them or even better to read them.
What I read from presented zoom out graph (1day timeframe) is that we have reached the bottom.
I already talked about a possible falling knife, but it would have to be some serious FUD for the cut to happen, with a strong bounce from there expected.
Considering that this is less probable, I believe there is the last train that you can catch these days.
As you can see from the graph fast MACD made a nice cross 2 days ago which was the buy signal, where CCI was even faster and could be used by the ones that want to play riskier.
If your view is clear enough you can spot the hidden divergences on the first double bottom peak down and convergences now on the second one.
Thus, I believe we won't reach 8500$ level everybody is expecting unless crazily bad news happens. Probably even not 9000$ level.
The support line is clearly on the double bottom and previous peak level (around 9100).
I have put short term and midterm targets for shorter time frame traders, but the real deal for the majority here is probably to buy and hold until the next hype happens.
I'm 90% sure it will. Nothing in life is 100% but you have to play the odds when they are in your favor.
Remember, it's just an idea. Not investing advice. ;)
Take care!
Watch out for getting into hype
We can see the supports.
CD projekt RED went insane with the last E3 conference with Keanu Reeves. Everyone is hyped on the Cyberpunk project. A lot of people wants to buy some stock of that company to earn a lot of money... but whales only wait for a moment like this.
You also can see that on 4h and 1d charts we can see bullish trend bouncing of the red line... but the trend is losing a little its momentum as we can see on MACD chart. Maybe its only a correction ... BUT!
BUT if we look at weekly chart we can see the Double Top with a little bulltrap on the second top... and looking on MACD it's very likely to go back to 162 Zlotys (trend support) or 123 Zlotys (second floor but for opposite trend if it's going to break 162 ZL, maybe its forming a bull flag?)
To sum up... I'm watching this company for some time and it's very interesting to see what will happen. Will the hype push it to the new ATH or a lot of people will be eaten by whales? Let's wait and see.
Tesla-- bullish above the trend lineTesla has formed an upward sloping trend channel and is currently at the bottom of the channel.
It's currently at a minor resistance level, so it could break the channel Monday. If it does, look for breach of the 203-205 support zone to confirm an oscillation down to support at 188, forming a triangle chart pattern.
Alternatively, we could bounce off the bottom of the channel toward a stronger resistance zone at 220-223. This resistance zone repulsed Tesla's attempted move higher on June 11-12, so I'd expect a channel break here. The highest I think we go before breaking the channel is resistance at 230.
Tesla is on track to deliver a record number of vehicles in June, which could work as a catalyst in its favor. On the other hand, it has massively negative earnings and horrible analyst ratings headed into a market downturn. Yesterday the US government denied its application for tariff relief, and this has been a year of bad personal publicity for Elon Musk. Personally I wouldn't buy Tesla; I'd just look for the optimal time to short.
When will the SHOP craze end?SHOP has been on a tear since the crash in December last year, currently up 160% in the last six months. It’s easy enough to cry ‘bubble’ at a glance, especially when zooming out reveals a jaw-dropping 1600%+ return in the last 3 ½ years. The stock is experiencing growth that surpasses even AMZN, and in most ways appears to exhibit the same exponential increase in earnings.
Comparing a bit, Shopify has not yet reached the revenue that Amazon was pulling in back in 2005, but at its current pace this will be overcome within a year. Prior to that period in the early 2000s Amazon saw similar increase in its stock price, followed by a long period of volatility and decline until half of those gains had been clawed back. It takes time for the gamblers to move on and for more stable investors to show up and provide a bottom. This is the growing pains of every wildly successful investment. Shopify is no exception to this principle.
Currently where it sits, Shopify is twice as expensive as Amazon was at a similar point, but this makes sense given that we’ve seen the outcome of Amazon already and expectations are increased. My reservations about SHOP are entirely due to the pace of this stock’s increase, not due to the fundamental reasoning being wrong.
I feel that referring to SHOP as a bubble is akin to calling Bitcoin a bubble. It may be experiencing a bubble for the moment, but it’s a natural event when logarithmic growth collides with linear systems. Events like this don’t end with the bubble bursting unless the timeframe of the evaluation is as short a duration as the hype and despair. The expected outcome for this stock is very different based on if we’re speaking of six months or six years from now.
I’ve marked a few spots on this graph that I think are worth watching. The top arrow represents the line of the current trend. Breaking this means we will likely drop to the second arrow for a small correction.
The pullback I’m referring to though is quite a bit larger. The 3rd and 4th arrow down are where I expect us to return to, and the point at which I would be willing to invest in SHOP for the long-term. The 3rd is the 200-day MA which would represent another solid leg up in the price, while the bottom is SHOP’s lowest trend-line which would come of frenzied selling.
Overall from the numbers SHOP seems an incredibly solid choice, but I cannot buy into hype. Every moment of excitement is counterbalanced with despair, and the tab is being run up very quickly here.
Altcoins Market CapitalizationImportant announcement
All the crypto community are waiting for the Altcoin season. I officially declare the season has already started since the beginning of 2019
Since the beginning of 2019 until April
ENJ 600%
EVX 650%
OAX435%
DLT – 500%
THETA 335%
RVN-525%
HOT 320%
BNB 290%
KNC 215%
APPC APPC 160% and 120%
ONT 134%
TRX 180%
EOS 136%
The second season this year has already begun
The results of the coins that made more than 100% since May
TNT- 290%
GXS - 220%
AST – 195%
CELER - 194%
DENT -183%
BCPT -144%
BTT -150%
CELER - 194%
DENT -183%
HOLO – 103%
LINK- 128%
MITH -115%
MTH-100%
Nebulas -100%
REN -100%
SKY -133%
Storj – 125%
XEM -100%
XZC – 120%
Follow my social networks
I work for you my friends
Understand the hype around Binance Chain & Dex and its effectsThis is my first technical and fundamental analysis of Binance Coin (BNB).
I also take the opportunity here to draw a parallel with another altcoin, TOMOCHAIN, not yet available directly on Trading View.
I have shown by vertical lines each Burn of BNB that occur every quarter since 10-18-2017, 6 Burns now reducing the total supply of BNB tokens by 5.41%. This makes it possible to note graphically that there has been no influence on the rise of the course so far!
Binance in its whitepaper promises the destruction of half of the BNB futures. The amount of BNB to "burn" is based on the number of transactions made on the trading platform in the last 3 months. Thus, after each quarter, Binance burns BNBs according to the overall volume of user transactions.
What is, on the other hand, very significant, and this contrary to most other cryptocurrencies, is that the price of the BNB has dissociated itself from the Bitcoin price (master-standard of cryptos) as from 03-20-2018, on the rise!
For almost a year now, although BNB's price remains closely correlated with Bitcoin's share price in terms of variations, it still retains the difference in value recorded by the sudden rise from 20 to 22 March 2018.
This "hype" corresponds to the first announcement by Binance of the creation of its own blockchain for BNB, so named BinanceChain, and therefore no longer a "simple" ERC20 token of the blockchain Ethereum!
But also already, the rumor spoke of a new exchange platform for Binance, visually similar, but decentralized! What is called a Dex and which allows customers to own their personal private keys, a safe asset. So, there was already talk of a Binance Dex, adding FOMO to this hype.
However, at the end of January 2019, Binance's second more precise announcement about BinanceChain and BinanceDex, resulting in a new hype / pump that I have framed on my chart!
Good news for those who have already invested on BNB (or on TOMO as I will explain), they take advantage of this announcement effect.
BUT for those who would be tempted to invest on BNB (and TOMO), I don't necessarily advise you in the immediate future!
On the one hand, I highlight in red the presence of a possible horizontal resistance that has just been reached, constituted by the previous big support broken November 13, 2018!
In addition, I also highlight the RSI 14 oversold (> 70) in the last 10 days, which refers to the hype of the month of December 2017... As much as there can be beautiful green candles to enjoy, so keep in mind the catastrophic result as of mid-January 2018! Periods of pure speculation are dangerous for your wallet.
LTC/PAX Waves Patterns! MORE UPS? NEW TARGET ZONES IN R4! LETS THINK!
WE ARE BLOWING THROUGH RESISTANCES REACHING NEW SUPPORTS!
WAITING ON TOP 5 COINS UNTIL BTC REACHES 10% RECOVERY FOR RETURNING BULL PERIODS OF PROSPERITY AND DECENTRALANDS.
THIS IS MY IDEA.
AFTER LTC REACHES R5 AT 46. WE CAN EXPECT RELATIVE BTC GAINS FOR MARKET RECOVERY. PAIRED WITH HURTING STOCK MARKETS IT COULD BE TIME.
BitTorrent Analysis and Price PredictionHype is't over, so be ready with some capital after short-term retracement to buy zone.
My buy target near 20 sats area, so it is about 0.00066$
AT LEAST 9% TO 30% GAIN ON $MFT, ALSO SOME FUNDAMENTALS AHEAD.BINANCE:MFTBTC
ON THE CUP FORMATION MAY REACH IF FOLLOWS THE .786 AND .618 RETRACEMENT.
SOME FUNDAMENTALS AHEAD LIKE COINBASE LISTING AND MAINET, KEEP AN EYE ON THE TRENDLINES.
Reason to buy Ripple?! XRP vs. USDSo many people love to hodl overpriced Ripples.
Use classic demand and supply technics to buy and sell here, do not buy with hype.
If you look at the chart you can see we have 25¢ area which is good to do some entries for mid-term. Use low-risk strategy atm, cause we are still not sure about long-term bullrun.
Good luck and have fun!