P2P | DXY - Market PredictionAlright my fellow traders and tradettes! This is my first market prediction (really more of an analysis) on what I potentially see coming from DXY.
Now as we can see it has broken below my channel so that indicates 2 things to me: 1. Selling pressure = bad economy, bad fundamental news, etc. or 2. Selling off to buy wayyyyy up!
Reason why? Well where price is currently sitting, its forming a Dojo candle. (Doji = indecision, usually a direction change on higher timeframes)
The sky blue box near current price represents a 2nd form of head-and-shoulders pattern, where we could see a push up to sell off even more (yes, double shoulders baby!)
If you notice where I have my TP level set, its actually the 50% of a FVG (fair value gap) that was merely filled when DXY began the rally up.
So what does the lil emoji dude have to do with this mark up? LOL
Well he's actually indicating an intermediate high that I wouldn't be surprised to see price come back to visit!
Plus I tapped into FF (Forex Factory) and didn't see any news for USD until February so I feel that could assist the rise of DXY to build up for the fall...
But again ladies and gents this is just a higher timeframe mark up, I am not expert. Just another young student in this market ocean with a harpoon looking to catch a Megalodon!
So all in all my bias on DXY: SHORT-TERM BULLISH / OVERALL BEARISH
And with that being said happy trading, trade well, and lets run it up from 2023 til infinity!
If you got some value out of this mark up please share it, boost it to your trading pals, and help grow the channel.
DISCLAIMER:
***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
Long-term
BABA stock is breaking out the down trend channelIn my personal opinion I am very Bullish in NYSE:BABA stock for many reasons
The Main reason is the financial Numbers are very good and it is considered
one of the cheapest stocks in the World now So it is a good chance to buy more
shares with such low price
In TA view it has already broke out the Parallel Down trend channel on an Important Support zone On daily time frame
and it has retested the support zone and price started to go up.
My Entry zone is between 89 - 92 and the mid term ( 4-8 months ) target is 135
What Do you think about NYSE:BABA in the coming days
Assets I prioritizeIn the previous post Balance sheet: taking the first steps , we began parsing the balance sheet of the imaginary workshop and focused on assets. Today, I suggest looking at what types of tangible and intangible property are classified as current assets and what types are classified as non-current assets.
Current assets contain the following items:
- Cash and cash equivalents - in our case we can include a safe with money, which, in general, corresponds to the company's cash in its current bank accounts.
- Net receivables - here we would include the IOU from a friend. That is everything that clients owe the company for goods or services.
- Inventory - this includes a bag with leather, rubber and thread. That is all raw materials, from which goods are made, as well as stocks of finished goods in warehouses.
- Other current assets - this can include other current assets that do not belong to the previous items.
Non-current assets include the following items:
- Net property, plant and equipment - we include a garage, table, chair, sewing machine and tools. Depreciation is deducted from the original cost of the property when reporting it. Depreciation is the cost to repair and renew the property.
- Equity and other investments - in our example, this would include oil company stocks (and in general, any company investment in stocks or bonds of other companies).
- Goodwill - let's say our company wants to buy another company and is willing to pay $11 million for it. The assets of the other company are $10 million, and the debts that our company will have to pay for the other company are $2 million. So the assets net of debt are $8 million. After the purchase, the assets and debts of that company will become the assets and debts of our company. So, the difference between the purchase amount of $11 million and the net assets of $8 million is a goodwill equal to $3 million. For our workshop, this item is not relevant, as it didn't buy any company. Nevertheless, remember that goodwill is the difference between the purchase price of another company and its net assets.
- Intangible assets - this can include the value of the customer base in the master's phone book, as well as any other assets that have no tangible basis (such as purchased trademarks).
- Other long term assets - this item includes other non-current assets that don't belong to the previous items.
Once we understand which asset belongs to which item, its value (or rather, the sum of the values of all assets belonging to this item) is written in the balance sheet. For example, let's say we've determined that the Inventory item includes leather, rubber, and thread. The accountant adds up the value of the leather, rubber, and thread and writes the total amount in monetary terms against the Inventory item. This is how the numbers appear in the balance sheet.
Now let's discuss which balance sheet items we should pay attention to during the fundamental analysis of assets. I have formulated the following rule for myself: pay attention to the assets that are directly related to the sale of the company's goods or services .
If a company does not sell its goods or services well, its bank account balance will shrink, huge inventories of unsold goods and raw materials will accumulate in its warehouses, and accounts receivable (customers debt) will grow. The fact is that when sales are bad, the company is ready to lend out goods as debt.
If sales are going well, then, on the contrary, the money in the account will grow, and accounts receivable and inventory will start to shrink. All other assets can influence sales only indirectly, so I don't consider them.
Thus, I have identified my priority assets :
- Cash and cash equivalents;
- Net receivables;
- Inventory.
As you can see, they are all quick current assets. Non-current assets only indirectly affect sales, so they are not a priority benchmark for me.
In the next post, we'll start looking at the right side of our disclosed book, called the Balance sheet. That's where the company's liabilities and equity belong. See you next time!
LONG Term Treasuries With the yield curve inverted, inflation slowing rapidly and global growth expectations revised downwards, long term treasury bonds are looking like an excellent allocation right now.
A reversion to 2% on 30 Year yields over the next couple of years would produce double digit Annualized returns.
Full story here: matthewiesulauro.substack.com
Bitcoin warning🔥🔥VOLATILITY IMMINENT!The price Resistance levels to watch are $21300 and $22800 and $24300.With a little correction, I am expecting these levels to betaken out in a few weeks or maybe days. During the week we reached the prices we expected. But what do you think will happen now? The $22,000 bitcoin price will surprise everyone soon. But before that, we will test the $19400 price once. Bitcoin buying continues, rapid price rally suggests some pause at $21,000 and $19,000
Bitcoin, end of Bear Market or simple Bullish Correction?Hello everyone, today I look back at the impressive bullish correction that occurred this week in Bitcoin .
Madness this week on the crypto market, Bitcoin takes more than 20%, Ethereum 15% and Solana 35%!
The question we can ask ourselves is, Is this the end of the Bear Market or a simple bullish correction?
Let's start with the reasons for this week's rise. From a fundamental point of view, we do not have much important information...
The first reason is the liquidation of short positions. The cryptocurrency market saw $721 million in liquidations in 24 hours, a record since November 8, 2022 and the announcement of the FTX bankruptcy.
The second reason is the end of the U.S. reserve's restrictive policy. Inflation in the US is decreasing, which allows the FED to slow down the increase of interest rates.
And finally the third reason is the low liquidity of the markets on weekends which accentuates the movement of the week.
From a technical point we can observe above that we are still in a bearish channel and that as long as this oblique resistance is not broken we will remain in a bearish trend. We can also observe that although there has been an important bullish movement it has not broken the technical resistance of $21500.
Conclusion: As the crypto-currency market has accustomed us in recent years, bitcoin as well as other crypto assets remains very volatile. However whether from a fundamental or technical point of view we remain bearish for the time being. In my opinion, as long as we haven't broken the bearish channel and the $30,000 technical zone we will remain bearish on bitcoin.
THIS IS NOT INVESTMENT ADVICE.
Written by @maxencechachuat on 14 January 2023.
DXY reversal or retacement?TVC:DXY
Hey traders, I believe that the 4-hour view of the DXY will remain sideways until some important news is released. The first important news could determine whether we should be bullish (above the weekly trendline) or bearish.
In my opinion, next week will start bullish on Monday due to a bank holiday. The daily candle from Friday closed above the weekly trendline and above the monthly 50% level.
If it were to completely crash, the entry point would be at 101.300, which is a big monthly support level.
Balance sheet: taking the first stepsToday we are going to start learning about fundamental analysis of companies. In my opinion, this is the basic skill you should have when picking stocks to invest in.
Once again, the main principle of the strategy I follow is to pick outstanding companies and buy their stocks at a discounted price.
You may have noticed that first-class products are occasionally discounted in stores, but not for long, because such products are quickly swept off the shelves, and almost the next day the price is again without a discount. Exactly the same strategy is applicable to the stock market. Now, fundamental analysis is a method for picking outstanding companies (that is, companies with strong fundamentals).
How can we tell if a company has a strong foundation or not? There is only one way - by analyzing its financial statements. Every listed company has to disclose this information publicly on its website. In other words, we don't have to extract that information - it is publicly available. You can also find it on TradingView and see the data in dynamics.
What is the content of this information? The company publishes three reports : balance sheet, income statement and cash flow statement.
The balance sheet, like the order book , can be presented as an open book. The left side of the book lists the company's assets and their valuation in monetary terms, and the right side lists the company's liabilities and equity , and their valuation in monetary terms.
What are company assets ? These are everything that belongs to the company: buildings, equipment, trademark, shares of other companies, cash in the cash register. In general, all tangible and intangible property of a company are assets.
What are liabilities and equity of a company? These are the sources of funds that gave rise to the assets. For example, if you bought a computer for $1000 with your savings, then the computer is an asset, and your own savings are equity. If a friend lent you $100, and you put the money in your pocket, the money in your pocket is an asset, and the debt to your friend is a liability. Based on these examples, you can make an imaginary balance sheet:
As you can see, the entry in the balance sheet is the name of the asset, liability or equity and their monetary value. Assets, liabilities and equity are inextricably linked, so the sum of assets is always equal to the sum of liabilities and equity .
If we were to write every asset in this way on the balance sheet of a large company, it would turn into an endless book of hundreds of pages. However, if we look at the balance sheets of huge corporations, they can fit on a single sheet of paper. This is due to the fact that over time invented to group the same type of balance sheet items. Let's look at how the company's balance sheet items are grouped:
Don't be frightened. Now we will try to digest this table with the help of an example we are already familiar with. Let's think back to our master cobbler , specifically to the period when he was just starting out.
Let's assume what exactly he had at that time: a garage, a table, a chair, a sewing machine, tools, a bag with leather and rubber, thread, a safe with money, a phone book with clients' contact information, a IOU from his friend, and oil company stocks.
I have now listed the assets of our master, or should I say, of his workshop. I should note that what is listed here is exactly what is directly related to his business. Even the money in the safe, the debt from his friend, and the oil company shares came about because of the existence of the business. Let's say the master's apartment or the bicycle he rides in the park are not assets, because they don't belong to the workshop. They belong to the master, but not to his business.
Let's categorize the workshop's assets into groups. There are two big groups: Current assets and Non-current assets .
How should you distinguish them? The general rule is this: Current assets are what a company's product is made of, and what can turn into money in the near future, so they can be called quick assets . Non-current assets are where and with what we create the product, and what can turn into money not so soon (so they can be called long-term assets ).
So, here we go:
- A garage, a table, a chair are where we create a product, so a long-term (non-current) asset.
- A sewing machine, tools - this is what we use to create a product - a long-term (non-current) asset.
- A bag with leather and rubber and thread is what a product is made from - a quick (current) asset.
- A safe with money is already real money - a quick (current) asset.
- A phone book with customer numbers - it's hard to sell it to someone quickly, such assets are also called intangible assets and are placed in long-term (non-current) assets.
- IOU from a friend, i.e. a friend bought boots from a master, but can pay only after receiving his salary - a quick (current) asset.
- Shares of an oil company - let's assume that a customer once paid for the boots with them - a long-term (non-current) asset.
So, we've just categorized the master's assets into two groups: current assets (quick assets) and non-current assets (long-term assets). In the next post, we'll break down the components of these two large groups. See you then!
CABLE DOWNTREND REVERSALAfter the ceasefire in Ukraine, many traders are cautiously optimistic as the markets may be turning around. The appearance of an inverse head and shoulders pattern hints at a possible reversal in the downward trend since the Ukraine invasion. This could be a sign of a positive shift in the markets and could potentially open up some great investment opportunities. Traders should be sure to watch the markets closely for any potential opportunities that arise in the coming weeks.
The appearance of bullish flag pattern in the right shoulder might also indicate a continuation of recent uptrend.
The price is currently in a strong weekly resistance zone. This resistance also matches with 0.5 level of weekly Fibonacci retracement and also the neckline of the inverse head and shoulder pattern. I am highly awaiting the break of this resistance, which is a big big opportunity.
Addition confirmations
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The cables most negatively correlated EURGBP pair is also in its weekly resistance zone. This pair is in the process of making a double top chart pattern in 4H TF. This could indicate a rejection from the resistance zone and if that happens, the price will face down as the GU faces the opposite.
Will Bitcoin become more expensive soon?My indicators were already showing me to buy Indicator will show you helpful tips at the right time The price had a breakout from the ascending channel and retest the upper trendline as new support. The price could have another bullish impulse until the 0.618 Fibonacci level, where the price has another resistance.
IDFC BREAKOUT idfc give long tern breakout its a 15 years breakout every one do check once this idea might be helpful
Scott's Miracle Grow WILL GROW!SMG strong buy ratings and solid financials make SMG a good Long Term Buy. The cannabis industry is helping build it's revenue from critical fertilizers and other materials that are it's core business. I honestly believe SMG is a stock that will double in the year. Mark my words Trading View! SMG will be a big winner!
Also, buying SMG while it's under it's major moving averages is a much better strategy than waiting for a large break-out and trying to time it perfectly. I think accumulating SMG the next few months is a wise idea.