<ICP> support and resistance zone. 20$, 40$, 60$,100$I present the idea of who trades the ICP instrument, the levels are for informational purposes, the price can be at any point, everything is at your own peril and risk. At this moment, we have a seller who sold hard and aggressively in the zones of 100, 60, 40 and 20 dollars, the last sale in the region of $ 20 was broken, a buyer appeared, let's see what distance he can withstand, it all depends on the zones of the seller, and they strong, be very careful in these areas. My target and scenario is a five-wave buying structure to the $100 zone, but things can be different and you should be ready for it. All profit.
Internet
WNW from $160 to $2.09Wunong Net Technology Company Limited Changed its name to Meiwu Technology Company Limited
Xinliang Zhang, CEO of the Company: “The Company’s new name better reflects the Company’s international business line beyond its Wunong Net business as a global high-tech internet trading platform with a global commodity chain and the comprehensive services such as online consultation, display, sales and after-sales services. We are excited about our development in this new chapter.”
This is a speculative buy.
CWEB Weekly Options PlayDescription
CWEB has been working it down from its ATH since FEB of this year, and has gotten stopped up in the congestion pattern.
I have been watching it to pick a direction to enter a position and it looks like it finally has broken to the downside.
I have been using Long Puts in all my short positions because I do not want to cap my downside potential to leave it open for fat tail scenarios in the current market environment.
Call Debit Spread
Levels on Chart
SL > 17.5
This level marks an all-time low in the security.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/17 16P
R/R & Breakevens vary on fill.
The long call is placed ATM for highest chance of profit at expiration.
12/17 is all I'm willing to go with for expiration because I do not want to pay the extra premium to push it out to January.
Manage Risk
Only invest what you are willing to lose
HNTUSDTcan it be HNT pattern ?? it is a 5G internet based on Blockchain .. IOT integrate project
it used POC proof of coverage! it's a very powerful distributed infrastructure of the internet
Internet Computer (ICP) can go down to $11Most of you can say this is a classic Wyckoff accumulation with the last shakeout spring, but it seems to be not.
Main reasons are that on 3d timeframe ICP looks very weak, this is not how spring usually looks.
I expect ICP to go sideways, maybe test its resistance and then go down to $11 or even less.
(ICP) Internet computer does not look good(ICP) Internet computer does not look good.
early investors are up 500X and selling off their shares.
Also there are not many users of ICP but that is growing.
It seems that the rules have bee set up to drop the price of this coin over the next few months as they build out infrastructure.
The idea of rebuilding the entire internet is a much bigger problem than you might think. Think of it as shipping container level efficiency, but slightly improved, but keep the monopolies. I would wait a few more months for the price to settle down before I consider investing with the intention to buy and hold til 2025.
Netflix and their change of apparent investment policyNASDAQ:NFLX has been notorious for having a rather conservative investment policy, being reserved in all means of their financial interactions. Whether we're referring to their accumulation of debt, acquisitions or overall spending. In recent times, their management has been making very questionable financial decisions. Their most questionable financial decision as of around 2 days ago, was their decision to place 2% of their cash holdings in black-led banks to attempt to "narrow racial wealth gap" according to Yahoo Finance. As many are aware, this is the company making a desperate attempt at appealing to the public eye considering recent events. Obviously the investment community did not appreciate this careless "flinging" of money at various corporations with limited investigation into their current financial states. For those unaware, this was the primary cause of the strong sell orientation of the stock.
In the big scheme of things, despite that considerable amount of money being used for "political correctness acts", the stock should recover in the coming months, although this has unsettled many long-term holders of the stock (reducing their faith in management in the company, especially as it is moved around). As it goes in the market, only time shall tell. Personally, I can think of more suitable alternatives to place my money into. If you're a trader who is seeking daily action, then go ahead, Netflix might be one of the stocks you want to 'play' with.
As always, any opinions or facts that I'm unaware of, are welcome anytime. Comment away!
TL;DR: Netflix's management have been making questionable investment decisions with cash holdings which has destabilized their stock.
internet computer (ICP) awesome opportunity to BUY!!! Hi again traders!
at first i thank you guys for your support of my previous analysis (BTC) :)
now i have currency for you which didn't rise based on recent other coins and its a good shot to catch the bird!
ICP hit our lower trend line 3 times and failed to break it also our upper trend line which was broken before touched again(pull back) that shows a MTR pattern and due to these reasons we expect an huge rally from ICP
by the way ICP had a massive drop since past 3 months and its good for long term investment
ICP market cap rank : # 28
ICP trading Volume : 23% increased since 24h ago
Revenue Reaches CNY 31.9 Bn as Baidu Announces Q3 2021"Baidu Core delivered another solid quarter, powered by our AI cloud revenue growing 73% year over year," said Rong Luo, CFO of Baidu. "With a diversified AI portfolio, including cloud services, smart transportation, smart devices, self-driving, smart EV and robotaxi, we are well-positioned for long-term growth."
Total revenues were CNY 31.9 billion, increasing 13% year-on-year.
Revenue from Baidu Core was CNY 24.7 billion, increasing 15% year-on-year; online marketing revenue was CNY 19.5 billion up 6% year-on-year and non-online marketing revenue was CNY 5.2 billion, up 76% year-on-year, driven by cloud and other AI-powered businesses.
Revenue from iQIYI was CNY 7.6 billion, increasing 6% year-on-year.
Cost of revenues was CNY 16.1 billion, increasing 26% year-on-year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.
Research and development expense was CNY 6.2 billion increasing 35% year-on-year, primarily related to personnel-related expenses.
Operating income was CNY 2.3 billion. Baidu Core operating income was CNY 3.7 billion and Baidu Core operating margin was 15%. Non-GAAP operating income was CNY 4.7 billion. Baidu Core non-GAAP operating income was CNY 5.8 billion and Baidu Core non-GAAP operating margin was 24%.
For the fourth quarter of 2021, Baidu expects revenues to be between CNY 31.0 billion and CNY 34.0 billion, representing a growth rate of 2% to 12% year-on-year, which assumes that Baidu Core revenue will grow between 5% and 16% year-on-year.
The COVID-19 situation in China is evolving and business visibility is limited. The above forecast reflects Baidu's current and preliminary view, which is subject to substantial uncertainties.
Dfinity -ICP Internet ComputerInternet Computer is a third-generation blockchain developed by Dfinity. One of the goals of which is the creation of a decentralized Internet. Internet Computer is based on the new programming language Motoko. It is open-source that supports advanced work with smart contracts and the creation of scalable, high-performance decentralized applications and services.
At the moment, the Dfinity team has more than 200 employees. There are a lot of famous personalities. ICP aims to create a "blockchain singularity" in which every system and service is rebuilt and reimagined using smart contracts and runs entirely on the public blockchain without the need for traditional IT. Project management is largely under the control of the Internet Computer community. In addition, Internet Computer will use its so-called chain key cryptography to integrate with Bitcoin, paving the way for smart contracts with native BTC addresses to be hosted on Internet Computer.
What is an ICP token?
The ICP token provides gas to the network and allows holders to vote on proposals that will shape the future of Internet Computer. Users create "voting neurons" that allow them to vote either manually or automatically by tuning their neurons to follow other neurons.
You can read more about neurons in the article.
www.dfinitycommunity.com
Also, you can lock your ICPs for a period of 6 months to 8 years and receive profitability for participating in voting.
Back in 2018, people were given 28 ICPs for registering on Coinlist and verification, and 120 ICPs fell for testing the system. For three years people have been waiting for their drop, looking after their cars, thinking about the comfortable future that the ICP drop will bring them. The reality turned out to be not as colorful as dreams. Instead of hundreds of thousands of dollars, people received annual vesting for tokens, and the ICP price quickly rolled away from $500 to $50.
Projects on ICP:
Plug Wallet - the convenient wallet, a browser extension;
Stoic Wallet - another wallet for the ICP ecosystem;
Fleek - the product that includes hosting web resources and applications, cloud storage;
District - the fully decentralized, community-built professional social network;
DSCVR - the decentralized version of Reddit on ICP;
OpenChat - the decentralized messenger;
IC Drive - Decentralized Data Warehouse;
ICmoji Origins, Texas Holdem, Mission is Possible, Reversi - ICP games;
Enterot - NFT marketplace;
DFinance, ICPSwap - DeFi projects (swaps, farms, etc);
More projects here:
dfinity.org
ICPSquad:
twitter.com
In short - by having an NFT personage and performing any interactions within the ICP ecosystem, you get a chance to earn tokens and accessories for your personages. If you missed it - you can still take an avatar in pre-order. If you plan to dive into the ICP ecosystem - it will be much interesting with an avatar.
I don't see anything original in the ecosystem. Decentralized social networks and versions of the tools we're used to are good, but speculators can't make money here. We look forward to our pre-order avatars and the emergence of serious DeFi products. We plan to use ICP in all applications where it will be possible to obtain ICPSquad accessories.
ICP ranks 27th in terms of capitalization, with a cap around $7.61 billion.
Is it worth buying an ICP token now? I think this is a good idea for a small percentage of your deposit in the long run. Reasons for growth:
1) The chart since June represents accumulation in the range of $30-80. Blockchain hype can reach the Internet Computer sooner or later, and we will see a good way out of accumulation.
2) Fork Badlands - BDL tokens will be issued to ICP holders.
3) Launch of smart contracts on the bitcoin network.
Best regards,
EXCAVO
Weibo Announces Q3 2021 Financial ReportThe leading social media in China, Weibo (NASDAQ: WB), released its unaudited financial results for the third quarter of 2021.
According to the Q3 performance report for 2021:
- The revenue totaled USD 607 million (CNY 3,882 million), increasing 30% year-on-year. As of September 30, 2021, the total cash, cash equivalents and short-term investments amounted to USD 2.71 billion (CNY 17.333 billion).
- The operating profit was USD 213 million (CNY 1,477 million), showing an upward trend of 32%, while the net profit was USD 182 million (CNY 1,164 million), growing 438% from the same period last year.
- The advertising and marketing revenue increased by 29% to USD 538 million (CNY 3,441 million), which was mainly due to stronger demand for advertising from key industries.
- Revenue from value-added services was USD 69.8 million (CNY 446 million yuan), up 42% year-on-year.
- The revenue cost was USD 394 million (CNY 2.520 billion), which was mainly related to increased staff-related costs and marketing expenses. Specifically, revenue costs, marketing costs, product development and administrative expenses were USD 103 million (CNY 659 million), USD 141 million (CNY 902 million), USD 119 million (CNY 761 million) and USD 31.75 million (CNY 238 million), respectively.
- As of September 2021, Weibo has 573 million monthly active users, and 94% of them are mobile users. In September 2021, the average daily active number of Weibo users reached 248 million. Affected by events such as the Olympics, its user base and traffic re-peaked in July and August after the outbreak since March 2020, reaching 302 million once.
Tencent Meeting Held 4 Bn Meetings in 2020, Hit 200 Mn UsersThe outbreak of COVID-19 in 2020 damaged many sectors. The videoconferencing market was among the winners.
Tencent Meeting (global version – VooV Meeting) took its second mover advantage and tightly followed its global counterpart – Zoom. Released in late December of 2019, Tencent Meeting, although coming out seven years later than Zoom, has now become the most used video conferencing app in China. According to Tencent's vice president Yuepeng Qiu, Tencent Meeting now attains (source in Chinese) 200 million users and held more than 4 billion meetings in 2020.
At the time Tencent Meeting was presented, no one could predict its future impact in China. From its bare-bone functionalities and dated UI in earlier versions (even today 26% of its user ratings are 1-star), we could speculate that this app initially wasn't the tech giant's top priority.
Resulting from its unexcepted success, Tencent Meeting now joins the Tencent enterprise services ecosystem. The following months will see more integration between Tencent Meeting and Enterprise WeChat.
Internet Computer (ICP) Has Been Consolidating Will Get to $60Internet Computer (ICP) has really been squeezing in between $42.00 - $50.00 for the past month. Not much volatility has been happening with ICP it's just been moving sideways for most of October. It has not been up to pace with most of the market this month. When coins are moving like this these are the ones I like to keep an eye on. The majority of the trading has been at around $45.50 since July which is serving as the point of control (POC) for Internet Computer. It's becoming clear that a lot of accumulation has been happening in the mid $40 level for ICP.
Essentially Internet Computer is striving to become a decentralized global computer that is geared toward cryptocurrency ecosystems. It's still a relatively new project and it has very strong crypto institutional backings. Once it fully breaks past it's current resistance of $53.00 I believe we will se ICP back in the $60 levels. The a nice amount of upside from these the lower to mid $40 range and we're still mellow on the RSI. Keep ICP on your radars!
Support: $42.50
Short Term Resistance: $48.55
Resistance: $53.00
Much peace, love, wealth, and health!
A conservative yet realistic price path for ICB by year endIt appears that ICP could be in ascending channel. With that as my thesis I charted major lines of support and resistance and combined it with a fib retracement from the recent high to the major low in July. A blowoff top in December could have the price hit the 3.618 at about $250. I say this is conservative because FOMO could really hit hard and who knows how high it could go. Regardless I think a $250 target is more than realistic in this bull market.
Do Not Expect the Next Tencent or Alibaba to Come from ChinaAntitrust, reform in education, real estate and medical care policies, Common Prosperity... all of these show that China is undergoing earth-shaking change. These changes have brought large uncertainty, making many investors afraid to invest in Chinese projects and companies. However, over the next decade, China sure will become the world's largest economy. How to better understand the opportunities and risks of the Chinese market and deal with certainty and uncertainty is a crucial problem. EqualOcean launched a series of research, China's Future Investment Watch, hoping to provide clues for global investors.
It is said that one of the most regrettable decisions of Richard Li, PCCW chairman and son of Li Ka-Shing, was not investing in Tencent in 2000. Indeed, the Tencent-led 2C Internet giants, such as Alibaba, Baidu, DiDi, Meituan, and ByteDance, experienced a golden age from 2000 to 2014 and have an increasing influence in China, resembling FAANG (Facebook, Apple, Amazon, Netflix, and Google) in the United States. Some of the companies are now deeply rooted in Chinese life and help their investors make impressive gains. However, we believe that the investment logic of China has changed currently, and investors who plan to invest in China now or in the future should know the new logic behind recent events. We will display the changes in three aspects: political, economic, and people.
New tones in the Chinese political environment
First of all, we think the Chinese political environment has changed, especially in the past four years. Since the advent of 'Modern Times' in China, the Chinese have been adhering to a rising belief in 'Industry Salvation' – or the transformation of the whole country through industrial advances. Therefore, the Chinese government has been focusing on supporting the development of the traditional industrial business in the first decade of the 21st century to raise the country's manufacturing power and quickly improve its international competitiveness. At the same time, the Chinese government has been looking upon the Internet as a relatively inefficient investment environment, and Internet companies receive little support officially. Unable to receive domestic help, Internet companies have to turn to VC/PE in developed countries or even go for cross-border IPOs. Owing to the capital support from VC/PE in the developed market and the neglect of policies, the Internet industry has experienced a long period of 'barbaric' growth. Many companies have begun to stand out during this time, such as the well-known Alibaba, Baidu, and Tencent.
Finally, from about 2013 to 2014, the Chinese government realized the advent of the digital age and the importance of the Internet. However, as the Internet is an emerging industry for China and the development path of other countries is difficult to learn from, Chinese regulators have been paying attention to finding a balance between growth and structural optimization. Between 2013 to 2017, we believe that China paid more attention to the growth side of the Internet instead of setting restrictions to optimize the structure of the Internet industry. Many policies can testify to the point; in November 2014, during the First World Internet Conference, the Chinese premier, Keqiang Li, pointed out that the Internet is a new tool for the Mass Entrepreneurship and Innovation national strategy; in June 2015, the China Ministry of Industry and Information Technology (MIIT) issued a notice to lift foreign ownership restrictions in the e-commerce sector, while the China State Council issued guidance to encourage the development of cross-border e-commerce companies simultaneously.
However, since late 2017, the Chinese government has changed its focus to acting as the Internet's support in terms of industrial (and technology) and legal compliance for Internet-related companies (the structural optimization side). Since November 2017, the policy document issuance has evolved to combine Internet concepts with general industrial and put forward concepts of 'Internet plus Advanced Manufacturing and Industrial Internet'; these were still being emphasized in official documents up to 2021. At the same time, the 2020 Central Economic Work Conference proposed 'strengthening antitrust and preventing disorderly capital expansion' as one of the key tasks in 2021. In December 2020, Alibaba, Tencent, and Hive Box Technology were punished, and the State Administration of market supervision also investigated Alibaba for creating a suspected monopoly. In March 2021, the State Administration of market supervision made administrative punishment decisions targeting many Internet giants, including Alibaba, Tencent, JD.COM, ByteDance, and Meituan.
In general, the emergence of large Internet companies such as Tencent and Alibaba was largely due to the neglect and laissez-faire of national policies from 2000 to 2013. More importantly, the neglect of policies has led to chaos in the industry, such as unfair competition, 996 culture, and P2P lending scams. With the endless emergence of reform policies, Internet companies have gradually recovered from the 'barbaric' growth stage to arrive at a relatively normal growth stage.
GDP growth driver becoming ineffective in the next decade
Second, the growth pattern of Chinese GDP in the past two decades is also a driver. In economics, GDP is defined as: GDP = Consumption + Investment + Government Spending + Net Exports (GDP = C + I + G + NX). After China joined the WTO in 2001, for a long time, China's economic growth mainly depended on official investment and trade surplus. Relying on the whole industrial chain system and developed light industry, China ushered in seven years of high GDP growth from 2001 to 2007.
However, such a growth mode is criticized by other economies because it relies too much on the I and NX. High net export indicates a high dependence upon foreign trade, and the excessive investment made by governments causes serious overcapacity, resources wasting, and environmental damage. These are the problems currently being solved by China, which proposes to increase the proportion of consumption-driven growth (which is much higher in developed countries). The slowdown of economic growth is one of the consequences. This is also the main reason why China has asked for speed reduction in recent years. Besides, China's economy grew into the world's second-largest economy one decade ago. It is difficult to maintain a high growth rate with such a large GDP base. Then from 2007, the GDP growth showed a downtrend.
We believe that the GDP growth rate change is an important reason for the rapid expansion of Internet companies from a valuation standpoint. As we all know, Discounted cash flow method (DCF) is often used by fund managers as an absolute valuation tool. One of the important parameters is the terminal growth rate, and the countries' GDP growth rate is used as the reference for this rate. The decline in terminal growth rate means an increase in valuation, even if the companies' operating remains consistent. We mentioned that China's GDP growth rate has been declining since 2007, which means that downward GDP boosted Internet companies' valuation, especially overseas-listed companies. We believe that this indirectly accelerates the development of Internet giants.
Nevertheless, we think GDP growth has stabilized within 5% to 6% level since the pandemic 2020, and China also said that it no longer pays attention to growth figures. We believe that in the past, the driving effect of downward GDP growth has gradually disappeared. The valuation of the Internet industry is gradually returning to rationality and it is difficult to reproduce the explosive growth.
From the 2C era to the 2B era
Third, To-Consumer (2C) companies' losing of competitive advantage is also a factor behind the change of the investing logic. In the past two decades, the most well-known players have been all the 2C companies. Such companies mainly gain profit from individual consumers, either directly (self-operated e-commerce and individual services) or indirectly (advertising and commission). Before 2017, the vast majority of Internet companies actually growth along with growing traffic. In other words, part of the company's growth came from the growth of customers and Chinese Internet users.
However, with the number of Chinese Internet users reaching the ceiling (the growth rate of 2C companies' customers is slowed down). The companies that were previously relying on user growth need to change their strategies in order to achieve further development. Therefore, many companies have chosen the road of horizontal development, accelerating financing acquisition and marching other industries. There are many temporary winners, such as Tencent and Alibaba.
Though it seems like the only way they can take when user bases reaching the ceiling (The penetration rate has grown to over 70%, as chart shows), we do not think all horizontal development 2C companies will succeed because it is hard for such companies to maintain their existing advantages in such a way. Hainan Airlines (HNA) is a bad example. In 2003, HNA began to implement diversified strategic transformation – that is, a horizontal development strategy. After the crisis in 2008, HNA began to accelerate overseas acquisitions. From a single local air transportation enterprise, it has developed into a giant operating in dozens of industries such as air travel, modern logistics, science, and technology. In its heyday, the company had assets of up to CNY 2.5 trillion, ranking 170 in the world, and owned the equity of many well-known companies, such as Hilton Hotels, Deutsche Bank, and Virgin Australia. However, the company's horizontal development over the years has brought high liabilities and serious liquidity problems, even default problems. Finally, in January 2021, the HNA Group went bankrupt. Except for HNA, many other giants also suffer from the same problems, such as Wanda Group and Anbang Group. Based on all these events, we think 2C will find it hard to maintain its previous high growth in the next decade, beginning in 2021.
In contrast, To-Business (2B) companies do not charge from individual customers and do not rely on the traffic-oriented business model. A significant reason why investors did not favor 2B companies before 2017 is that s2Cks prices rose slowly, which was not in line with the rapid capital increase desired by Chinese and foreign VC/PE. However, when the growth of 2C companies slows down, the values of 2B companies may become understood. We believe that 2B companies will become a new direction for China's development in the future. In other words, it is not easy to see such fast-growing 2C companies as Pinduoduo in China in the next decade.
Heading toward a semi-developed market
In conclusion, on the one hand, we believe that the standardization of policies, the decline of economic growth, and Internet users' situations all indicate the development phase of China: the Chinese market is switching from an emerging market to a semi-developed market. Moreover, based on observation of the macro and micro levels, we believe that this trend is happening rapidly and irreversibly.
On the other hand, we believe that China is learning lessons from Germany now rather than the United States. Germany has many hidden world champions in different micro-sectors, such as Hauni Maschinenbau and JF Hillebrand. This is also in line with China's Specialization, Refinement, Differentiation, Innovation of SMB strategy – that is, to support technically advanced small and medium-sized companies who focus on specific markets, rather than diversify giants that covering many different businesses such as Alibaba and Tencent.
Bottom line
For investors, based on the above analysis, we still firmly believe that China is a market worthy of investment. However, the logic of investing in China has changed, and small and medium-sized Chinese companies with core technology (potential invisible world champions) may become high-quality investment targets in the future.
CSCO Log Chart AnalysisGood reclaim of important monthly level, I'd prefer to see a nice retrace back to 57s but the opportunity cost may outweigh the better entry. We're entering peak euphoria ranges from the internet bubble... if we escape this range, north of $82 the fun really starts. All time highs are a mere 40% away, with 50%+ upside from there.
Take profit levels marked using fib retracement of the internet bubble top and bottom. I expect this to run from this spot, good R:R with scaled stops under the monthly level.
Considering this analysis was done at high time frame, it may take a while to play out. Below 53.41, I think this trade is invalidated.
Top China Internet-Tech stocks (most on Hang Seng Tech Index)Top China Internet-Tech stocks (most are on the Hang Seng Tech Index, some are still on the Nasdaq - all on separate scales) vs Hang Seng Index (HSI), CSI 300 index , NASDAQ (IXIC index):
- Tencent 0700
- Meituan 3090
- JD .com Nasdaq JD
- Pinduoduo Nasdaq PDD
- Baidu Nasdaq BIDU
- Netease 9999
- Kuaishou 1024
- Bilbili Nasdaq BILI
- Alibaba 9988