ICE
Intercontinental Exchange (ICE) AnalysisStrategic Moves and Regulatory Tailwinds:
Intercontinental Exchange NYSE:ICE is set to benefit from recent SEC regulatory proposals that could shift more trading volume back to public exchanges, enhancing ICE's competitive position. Additionally, ICE's $13 billion acquisition of Black Knight Financial will bolster its presence in the mortgage technology sector, providing comprehensive exposure to the mortgage origination value chain.
Investment Outlook:
Bullish Outlook: We are bullish on ICE above the $124.00-$125.00 range.
Upside Potential: With an upside target set at $195.00-$200.00, investors should consider ICE's strategic acquisitions and favorable regulatory environment as key drivers for potential stock appreciation.
📊🏦 Monitor Intercontinental Exchange for promising investment opportunities! #ICE #MarketGrowth 📈🔍
SPX500 - bullish Adsorption or minor sign of strength
The Weis-methods shows clearly that the ice is tested for a following up-move.
-first lines converged
-strong down movement cutting the chanel
-a strong spring acoured and brought the price to the highest point and through the strong midpoint like a hot knife cutting butter
-actually the midpoint is tested very strong
-reaccumulation needed
SPX500 - Absorption takes time .. takes placeThe Weis-methods shows clearly that the ice is tested for a following up-move.
-first lines converged
-strong down movement cutting the chanel
-a strong spring acoured and brought the price to the highest point and threw the strong midpoint like a hot knife cutting butter
-actually the midpoint is tested
1INCHUSDT.P 1H long trade at resistance5M chart allowed to enter early
Aggressive trend trade 8R
- short impulse
+ resistance level
+ biggest level T1
+ biggest level 2Sp-
+ weak test
+ below first bullish bar closed entry
Calculated affordable stop
1 to take profit (can extend to 1 to 2 of 1H if closes volumed Sp)
1H chart situation
+ long balance
+ resistance level
- expanding ICE level
1D chart context
+ long impulse
+ significant bar level
ICE - Short Term Burst Before The Fall Continues?Following the recent sell off in the US market and general nervousness of investors is Intercontinental Exchange Inc attractive for short term gains?
Let's look at it in more detail.
Fundamental indicators:
Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - varies between 25% and 40%, so it is highly efficient company
P/E - 13.4x which is considerably lower than the current S&P500 ratio
Liabilities - liabilities to assets are within the norm, but debt to equity has been rising for several years and considered to be high
Technical Analysis (Elliott Waves):
Following the correction of March 2020 shares of ICE have enjoyed explosive growth cycle which is visibly slowing down now
And when the fifth wave is forming by a choppy movement in price it is very likely to be an Ending Diagonal, in this case Expanding one
It is likely that wave 4 has completed and we can expect another zig-zag to the upside to update the historic high of $139
Alternative Scenario: one of the risks with this scenario is the exceeding depth of wave 4 so as an alternative it is possible that the whole wave 5 has already completed, let's see how things develop
What do you think about ICE and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
Thanks
PS Below is the Educational post about Ending Diagonals
ICT Short EURUSD OTE Entry (just mute, I cannot disable laptop mic)
Another example of an NY trade today, Shorted the higher time frame bias, Have marked the chart up to show my logic, When you determine what you are looking for to fit criteria pre market and pre trade IE ( A rules based system) its much easier to sit back and wait for the boxes to tick themselves, I dont force trades and I don't make the market give me something, I just ride the wave.
This is another FTMO DEMO ACCOUNT pass for me while still testing this Strat, in just this trade. The market is making these moves everyday, Deciphering the chart and looking for evidence is all I do, It doesn't need to be more complicated, I truly believe that, I know my chart looks dirt but I've written all over it for this video and I'm also colour blind so trust me, In my eyes its beautiful (lol) -
Side note, If your studying ICT or OTE etc etc hit my inbox to join a discord with me, I'm not selling anything I'm not looking for anything other than to exchange ideas with like minded people as trading is a lonely game, What ever stage of your journey you are at. Hit me up lets start a conversation, Especially if your a London / NY session trader..
17% movement upwards for $ICEI have been preaching that $ICE is undervalued and the Wonderland FUD will die off, allowing $ICE to show its strength. Today, with all the bullish momentum in the market, $ICE is up 17%. When others are fearful, we are brave. My stabilized price target is ~$20-30 range. This means at least a 4x from here. Time frame from the start. has been 2-3 months, perhaps sooner if the market recovers appropriately.
UPDATE for ICE: ManipulationRecently we have had some manipulation in ICE with the yellow X's showing a large amount dumped quickly. This is likely to bring the price lower so that whales can buy back in the mid-high 3 dollar range. Not much sell pressure if you look at the order book. My understanding is that right now, it is time to accumulate and buy so that we can reap rewards with patience. When hope feels lost and people begin to sell, thats when we buy good projects like $ICE. We will see higher price levels in the future.
BKKT Extreme Volatility Option CallsBKKT is now at all time low, $3.41, after almost 3 months ago it was trading at $51.
Bakkt is oversold for the last 24 days!
But yesterday i noticed the highest out of the money calls that implied a huge volatility for BKKT: $35 strike price expiring May 20!
I haven`t seen such a 900% price difference since the GME calls 2 years ago.
This might be a great buy opportunity! if you don`t know BKKT, here are some details:
Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards.
Bakkt has announced a separate deal with Fiserv .
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
Manasquan Bank, a NJ-based mutual community bank will be participating in its early adopter program, which will allow the bank’s retail clients to buy, sell and hold cryptocurrency through the bank’s mobile banking app.
BKKT`s Market Cap is 194Mil, basicaly a penny stock, lower than some of the most obscure crypto exchanges utility tokens.
And when you think Bakkt is owned by ICE, Intercontinental Exchange , the company who owns the New York Stock Exchange!
How high can this stock skyrocket from here?
BKKT 15K calls expiring today + Dark Pool Prints More than 15K calls on BKKT are expiring today. and those are the calls from the last month only.
The strike price varies from 14 to 75usd.
The price of the stock is now 9.08usd.
Yesterday we saw a volume of 32mil.
Besides the 32mil, Dark Pool Prints were 33Mil.
Dark pools are private exchanges not accessible by the investing public. Dark pools facilitate block trading by institutional investors who did not wish to impact the markets with their large orders and obtain adverse prices for their trades.
I expect strong intraday volatility.
i know it seems a little bit exaggerated, but i wouldn`t be surprised the see BKKT trading at 14-15usd.
don`t forget that on Nov 21 BKKT was trading at $50.80.
Looking forward to see how this trading day will end!
What is your opinion about this trade?
BKKT vision is to connect the digital economyBakkt taps into the $1.6+ trillion of digital assets across cryptocurrencies, rewards and loyalty points, gaming assets, gift cards and beyond.
BKKT allows consumers to aggregate digital assets, access liquidity and trade, transfer and pay however they want.
Cryptocurrency exchange Bakkt announced a partnership with Mastercard to offer crypto debit and credit cards.
Thanks to Mastercard and Bakkt, businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them.
How big do you think this can be?
Bakkt's also announced a separate deal with Fiserv .
Gavin Michael: “We want to provide consumer choice. We want to be able to provide the availability to use crypto currency in an everyday transaction,”
Is this the start of crypto adoption or what?
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
Buying BAKKT in this area looks like a great opportunity in my opinion!
My price targets are: 17usd short term, 26usd mid term, an 35usd by the end of 2022.
BKKT depends much on the adoption. in the most favorable scenario, we can see a spike to $60 anytime now.
Intercontinental exchange - Huge influence So many would wonder why I'm looking at this, you'll see why very soon for it will determine everything that happens.
NYSE:ICE
SP:SPX
TVC:SPX
FOREXCOM:SPXUSD
OANDA:SPX500USD
TVC:GOLD
TVC:SILVER
TVC:NDX
NASDAQ:NDX
CURRENCYCOM:US100
CAPITALCOM:US100
AMEX:SPY
CAPITALCOM:SPY