Block Tackle Raises $5M Block Tackle is a new Web3 gaming startup that has raised $5 million in seed funding.
The studio is working on SkateX, a Solana-based video game with NFT skateboards.
Veteran video game developers are pouring into the blockchain space, if recent studio funding announcements are any indication, and here’s another to add to the list. Today, startup Block Tackle announced that it has raised $5 million to develop a Solana-based skateboarding game called SkateX with a team of experienced developers.
The $5 million seed round was led by Play Ventures and Cadenza Ventures. An array of other notable investors also participated, such as Coinbase Ventures, Solana Ventures, leading metaverse investor Animoca Brands, and Twitch co-founder Kevin Lin.
Investor
Our Next Energy raises $95 millionEnergy storage developer Our Next Energy Inc. said it raised $95 million in a new round of funding to help boost its plans to build a battery plant in the United States.
Crain's previously reported that the factory will be used to produce the Novi-based company's Aries battery pack for four customers. The company is contracting with an undisclosed tier 1 automotive supplier in Southeast Michigan to set up a factory line where its Aries battery will be brought out of the R&D lab and into mass production, founder and CEO Mujeeb Ijaz told Crain's in January.
The latest funding round was led by BMW i Ventures, with New York-based private equity firm Coatue Management joining as a new investor.
In October, Our Next Energy raised $25 million in a first round of investments, and several original investors joined in the latest funding efforts.
TSLA slow climb to 886?TSLA has temporarily climbed its way back with Higher highs and rebounding with strength creating Higher lows.
TSLA's true test of strength against bulls is waiting in the form of resistance at 886 above.
Before this we must watch for Price action in range 159-10 since it will act as resistance for a 823 retest or use this range 159-160 as spring board towards 886
BTC , M1 - ANALYSISHey I'm Gerson Samussene (Zabataina) nice to meet you, I come here to show you my analysis within this futuristic market that is (Cryptocurrency)
Here we have the First Group, known as the economist group in market action, I refer here to Buyers (Demand) and Sellers (Supply).
Here we have the Manipulators that make or transform Picos in the market.
And the question I have is:
1) Who are the top 3 in the offer group?
2) Who are the top 3 in the demand group?
3) Who has more power until 2024'25? Buyers or Sellers?
Because all this started in the odd year so our vision will be odd.
In terms of acertive probability.
So after that we'll have the signals coming from the world that I internally screamed, And that will show us that in fact a dominant group by 2024»2025?
BTC hitting the bottom of $14K? or the $100K top?
What do you think?
I already have my answer... first I want to see your answers so I can tell you what I think.
LTTS LONG BUY - IT BOOMING AGAIN !!The stock is at a good support level and also near the trendline support, following from July 2021.
As IT sector started booming again , as per my view, We may see this stock hit 6500 in near weeks.
IT sector view : looks bullish for next couple of weeks (Below in the Weekly chart of CNXIT)
The stock is a good pick for swing trade, has a good reward to risk ratio (~ 1.9)
Trade Details:
Entry: 5650 or below
Stop Loss : 5300
Target: 6300, 6500
Duration: 3-4 weeks
The stock has a earning release today, 17 Jan 2022 we may see a gap up in opening today.
Stay Safe, Happy Investing:)
Gold H4 - Long SetupGOLD H4
Gold bounced from this 1785 support region we have in sight, initially saw a nice trade from 1800 up towards 1827, but failed to break this 1827 resistance price, monthly key level and previous high was enough to see resist price.
1800 is now acting as support (current price), we also have somewhat s/r from the previous area of demand and support (to the left). Lets see what happens from here and whether we can break this 1800 mark.
Short fundamental and technical analysis of a 'must have' stockQuarterly report:
Very impressive in my opinion. It was beating analyst estimations both in terms of revenue and earnings as well as future guidance and outlook. Investors are happy and on pre-market the stock is gaining more than 8% at the time of writing.
Fundamental analysis:
1. Valuation:
I could say that historically $MU had better valuation than it currently has, however if compared to industry peers and the overall market the valuation seems OK to me... especially in current highly overvalued environment and FED hawkish tone.
2. Growth:
The company remains a growth story. Earnings are forecasted to grow roughly 20% per year in the near future. Revenue growth is estimated to be not so significant.
3. Profitability
Luckily the company is extremely profitable. It was reported that gross margin equals 46.4%, operating margin equals 34.2%, while net income margin is almost 30%.
4. Financial position:
Excellent. Cash rich, almost no debts and well covered.
5. ESG rating:
Low risk and good rating (17.7 at Sustainalytics)
6. Dividend $ Buyback:
0.49% the current div yield and TTM the company repurchased $1.3b of its common stock.
Technical analysis:
The company is gaining on pre-market and remains in the uptrend. Next psychological resistance is around 100. This is the price where I will slightly rebalance my position.
Thanks for reading,
Feel free to ask any questions or comment down below.
US500 - swing trading plan and technical analysisThe major US index is ''suffering'' a healthy correction from around 4750 ATH set in November roughly 2 weeks ago!
The volatility is quite high, thus the risk has increased in addition to potential return. You know how it works...
...higher risk - higher return.
At the moment my total stock market exposure is around $50k and from current level I am planning to hold at least until 4900, which means around 7.2% profit potential at the time of writing.
Also I am ready to double my total speculative exposure based on the scenarios you can see on the chart.
Fundamentally we have the potential to grow.
Omicron might end the covid pandemic, due to its' not so severe effect. Tapering means that the US economy is healthy and can sustain itself without drug money.
The US yields should not grow extremely. Oil market is in balance right now and backwardation is almost gone.
Reopening economy stocks potentially can be well-bid. Major tech stocks are also having bright future earnings outlook.
Risk and money management is very important.
Patience as well.
DXY AND BTC CORRELATIONDXY just broke to the upside out of a bull flag and did a S/R flip. This is correlated to the FED news last week and last week.
BTC broke to the downside when the FED news came out.
I have my buy zones no matter the outcome because as an investor I am focusing on projects to disrupt the world.
As a investor I am focusing on the long term 2024-2030.
But it is great to see how the markets act as a trader and act as a investor.
Not Financial Advice.
META BUY IDEAMETA has currently fell from it's All Time High to form a new Lower Low. The pullback is a healthy pullback forming at ABCD pattern. We have the initial High point which is our A then the fall to the Lower Low which is our B. Our C point could be represented by the current pullback that made a new Lower High. IF price does not break that last swing high, then we could see a push down past the last purple line to the blue lines which represents the 127 fib and 161.8 fib support levels. Three potential buy in opportunities would be, the double bottom support form on the bottom purple line and the blue zones below it. So, you have three Buy in targets that you could target to ride back up to the All time highs until it break from there to make a new All time high. This is only my opinion and not financial advice. Please do your own due diligence before investing.
BAE Price forecast for 2022Analysing the Five elements/characteristics of the company shows a clear view of whether the company has any investing viability.
My analysis shows that BAE System qualifies only 3/5 elements. Where the company failed the cash conversion characteristic and stability characteristic.
However, the company is currently fairly priced so there is a potential for those who want to speculate on the growth of the company. In the chart, I have marked Overvalued and Undervalued zone based on my price forecasting (taking into account any future earnings) for the year 2022
Five Element Analysis checks the profitability, cash conversion, stability, value and price of a company. A good company will have all the five characteristics. In my opinion, the companies with all five characteristics is a good viable investment, but as always do your own research.
RavenDex unveils proposed DEX for the Cardano ecosystemRavenDex, a Cardano primarily based decentralized change (DEX) that when launched, will permit blockchain members and buyers to offer liquidity on any native Cardano (ADA) token and set up a market pair for others to switch the native tokens even as utilizing the security and occasional expenses of the Cardano blockchain.Ravendex is one of the first decentralized exchanges being constructed for the Cardano blockchain and they have released their front-cease demo on Monday which, while finished, will have a operating answer for the Cardano multiple transactions assignment.This comes days after their oversubscribed private sale round for early adopters that noticed them getting the software token RAVE at the cheapest rate.Ravendex targets to grow to be the leading DEX solution for the cardano surroundings and can be powered by RAVE, that can handiest be attained for now thru contributing to the Ravendex atmosphere as an early investor.Ravendex aims to get on board partners and buff up it’s improvement group with Plutus Pioneer alumni builders.
The Squid Game Shows Why Most People Don’t Make Money TradingSquid game is the hottest series on Netflix ($NFLX) right now, in which 456 players join a game of death, where they have a chance to win 456 Billion Korean Won (KRW), or 38.5 Milllion US Dollars.
What’s interesting about this series is that it depicts human sentiment in a very realistic way. We could see how market participants think and act by looking at the participants of the squid game.
A random guy appears at the subway station, and offers to play card flip, where he’d slap the player if he wins, and pay $100 if he loses. He actually ends up paying the players, stimulating their curiosity. Later, players are taken to a remote island where they have no clue what game they’re playing, with hopes of potentially winning life-changing money.
Beginners Luck turns to Attribution Bias
People who join the stock market are not different. They don’t know what game they’re playing, and what rules there are. Just as the subway guy invokes curiosity from the players by paying them small amounts of actual money, people are dragged into the stock market through stories of their friends and acquaintances making life-changing money by trading.
You try to remember the name of the stock or cryptocurrency your friend mentioned, and buy it without doing any due dilligence. You participate in the game of the market with 0 understanding of the game and rules.
When the stock/crypto you bought goes up (by chance), you fall into the trap of beginner’s luck. Beginner’s luck refers to a phenomenon or situation in which a beginner experiences a disproportionate ferquency of success against even experts in a certain field or activity. It’s often used in gambling and sports. But beginner’s luck leads to overconfidence and attribution bias.
Overconfidence refers to one’s excessive trust in his decisions based on gut-feeling and his cognitive abilities. This often leads to overtrading, and the market participant ends up paying excessive trading fees. Overconfident traders also tend to neglect statistics, and put all their eggs in one basket. They hardly listen to other people, and tend to choose the stocks/crypto they invest in themselves.
Attribution bias, or cognitive bias, is when people find reasons for their own and others’ behaviors. So when they’re in profit, they think that it’s all thanks to their amazing prediction. When they’re at a loss, it’s because the market was in an unfavorable situation, or simply because they were unlucky. Essentially, they constantly come up with excuses for every situation.
We all know Isaac Newton as a genius physicist, but he was a failure as an investor. He made the wrong investment decision when he invested in South Sea stocks, which led him to lose 20,000 pounds (about $4M today). He lost most of his life savings and famously said that “you can calculate the motions of heavenly stars, but not the madness of people” - a classic example of someone with attribution bias.
Mob Psychology and the Bandwagon Effect
This is accurately reflected in Squid Game. When players play ‘Red Light Green Light’, they are shocked to see other players get massacred. After the game is over, they later vote whether they want to continue playing the game or not. The surviving players fall into the trap of overconfidence and attribution bias.
Only 1 person out or 456 will survive and win the prize money. Statistically, every player has a 0.22% chance of survival. While this is statistically low, they’re taken away by the pile of cash hanging from the ceiling, and start believing that they’re special, and that they can win. Lotteries and gambling work in the same way, in which people bet on a probable case that is close to impossible. Sadly, most people approach trading like gambling.
In Squid Game, right before they play tug of war, a riot breaks out, and players are split into different factions. So when they’re told to team up for tug of war, teams are formed based on the factions that were formed the day before. This shows us mob psychology and the bandwagon effect.
Mob psychology, or mob mentaility, is when people follow the actions and behaviors of their peers when in large groups. The bandwagon effect falls within the scope of mob mentaility, and is a phenomenon in which people do something primarily because others are doing it , regardless of their own beliefs.
The same psychological phenomena can be applied to investors and traders in the market. Instead of trading based on their own trading rules, strategies, and analyses, they simply follow the actions of other market participants. These are the people who end up panic buying or selling, and falling victim to pump and dump schemes.
Conclusion
These psychological phenomena prevents us from making the right decisions in the market, and making the wrong decisions indicates that we lose money. Just like how most people in the Squid Game end up dying, there are many other people who entered the market with dreams of becoming a millionaire, only to lose everything. But unlike the Squid Game, the financial markets isn’t a winner-takes-all. If you can understand the characteristics and rules of each market, and do your due diligence on different ways to beat the market, you can have a statistical edge. As a trader, I would say that technical knowledge accounts to less than 5% of what it takes to be successful. It’s more about understanding your cognitive bias and controlling your emotions and psychological state.
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XAUUSD LONGMy technical analysis is telling me that XAUUSD will make its way up to hit TP1 1777, we will most likely get a pullback in that area to continue moving up to 1800+, Currently my prediction is LONG, but I will need to see what happens at TP1 1777 area for its very important area before it continues its BULLISH RALLY.
Lets see how this plays out, comment below if you see what I see
Retail vs Institutional InvestorsRetail
✔️Retail Traders are individual traders who buy or sell stocks, securities, or assets from their personal accounts.
✔️Retail Investors mostly focus on technical analysis, price patterns, and Indicators.
✔️Because of low volume, orders submitted by a retail trader cannot affect the price of an asset.
✔️Retail traders can come out of trades or their positions easily at any time with minimum slippage.
✔️Retails investors have more quality of life as they don't have to trade on a regular basis and can take a break whenever they want.
Institutions
✔️Institutional traders are highly skilled individuals who have a degree in finance, economy, or math and are employed by large institutions to do the trading.
✔️Institutional traders carry out the most trades over any major exchanges and greatly influence the price of a security, commodity, stock, or cryptocurrency.
✔️Institutional Traders have access to a large amount of capital and exotic products. They also have early access to the latest news and buzz as they have the
ability to pay a good amount to various media outlets.
✔️Institutional Traders manage accounts for larger groups or institutions, banks, hedge funds to buy and sell stocks.
✔️Because of large volume orders, institutional traders can greatly impact the prices of a security
✔️Institutional traders focus on fundamentals, sentiments, and trading psychology.
What kind of trader are you? And let us know more differences between these two in the comments box below.
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Is Ethereum aiming for a new ATH?Ethereum has seen a good recovery over the past 6 to 7 weeks. After creating an ATH, it dipped hard retracing more than 50%. But, then we've seen adoption, institutional interest, and the latest developments which helped ETH price to again bounce back to the current levels.
It's trading at around $3940, at the time of writing and is holding the support level at $3826 very well. If it's unable to hold this support level, it might retest the $3000 area before making an upward move.
It looks like an easy path for it to see a new ATH if it manages to break the immediate resistance level at about $4000.
RSI has again visited the overbought zone, which shows strength and is a good sign to see an upward move.
A good place to open a long position would be during the retest of the support level or the breakout of the immediate resistance level.
Please do your own research before opening any trade, and use a proper risk management strategy to minimize the chances of any losses.
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Spot Trading vs Margin Trading Pros and ConsSpot Trading is the most basic form of trading method and is the most suitable for beginners in trading. It's simply a BUY > HOLD > SELL mechanism.
On the Other Hand
Margin Trading is complicated and should only be done by experienced traders. There are various components to margin trading such as Maintenance margin, margin calls, leverage, and liquidation.
Pros and cons of Spot Trading
👉Spot trading is easy to learn and understand and is a good starting point for beginners in Trading.
👉It's an easy process to manage risk in spot trading not taking all the complications of liquidation or margin calls.
👉You can hold an asset for a much longer time and in the case of cryptocurrency can also transfer to any cold wallet.
👉No Trading happens during downtrends.
👉The potentials gains are not very good on a smaller investment amount.
Pros and cons of Margin Trading
👉Margin Trading needs some advanced knowledge of various things such as margin calls, liquidation, leverage, etc. Hence it's not recommended for new traders.
👉You can make profits on both uptrends(by going LONG) and downtrends(by going SHORT).
👉Gives an ability to trade much larger amounts with a relatively small initial investment by using leverage.
👉Margin Trading is risky, and if not done properly can blow your account in a very short time span.
👉Profits are higher when utilizing margin trading, and so are the losses. Every exchange has its own rules for margin trading, which need to be understood carefully before investing.
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BNBUSDT 1D Trade AnalysisBNB is trading at $485 at the time of writing this analysis. I can see three possibilities that can happen in a week's time from now.
Scenario 1 A bullish flag is being formed, and if the price remains inside this flag, it might break the recent high at $504, break the parallel channel's upper line or traverse along the middle line to make another higher high.
Scenario 2 The price is traveling inside the parallel channel and might see a retracement till fib level 23.6% or $438, and then take another leap upwards. If this happens, it might take about 11 days to complete the retracement.
Scenario 3 If the support at $438 breaks, then there's a possibility for the price to reach the next fib level which is at $364 which is also an important fib support level of 50%.
RSI is already in the overbought zone for a week now, but if enough buy volume comes in, it could be in the overbought zone for more time. On the other hand, if retracement occurs, RSI is going to dip.
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