IS THAT BITCOIN OR MASTERCARD???Looking at the chart of Master Card you will find two amazing insights!
First: The chart a few years ago looked pretty much the same as Bitcoin is now. If you compare the fibonacci retracements and the development to those of Bitcoin , Bitcoin should be around 200.000$ by the end of 2023.
Second: Master Card has finished that second heavy cycle and is looking as if it would collaps very soon, compared to the Bitcoin chart in December 2017.
Mastercard
Are you sell Mastercard ?Hello, Traders!
Monfex is at your service and today we overview Mastercard .
The company has recently processed 28.2 billion transactions, which in dollar terms is about $ 1.7 trillion . And this is 22% more than a year earlier.
MasterCard says the number of transactions has grown thanks to the new click-to-pay payment technology. It allows you to make a purchase on the Internet in a couple of clicks.
Cyber-Monday (December 3) and Black-Friday are coming soon.
The predicted percentage of online sales is about 20%.
And the Mastercard does not belong to a small piece of this pie.
The price is very similar to moving in July-December 2018. There is also bearish divergence on RSI.
A good sign for continuation of growth will be a breakdown of a key resistance level.
If the price nevertheless will bounces down from the local zone of resistance, then MA200 can be taken as the target.
The resistance zone ~ $284
The local resistance zone ~ $280
Market Cap
281.185B
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
MA and V patiently waiting for confirmationCurrently waiting for the blue line to close above orange. With the cross awaiting to happen on the MACD. Once MACD crosses with the cross of blue over orange. It will be a very strong buy till the heikin Ashi candle closes red with volume that's when ill sell rinse and repeat. If you did so from January you would of made a nice 45%+ gain this year ALONE. WOW!
aapl card partnership outpreforms spy?The aapl card is a partnership between aapl to encourage people to use iOS 13's new wallet app and get a credit card backed by goldman with mastercard as the payment handler.
iOS 13 goes live on 9/16/19
If you want the aapl card my advice to you is opt out of arbitration: www.cnbc.com
MA is looking into blockchain solutions and is actually preforming better vs visa the larger market cap competitor by some metrics.
GS preformed well vs other banks in 08
GS also refused trump loans www.wsj.com
'At Goldman Sachs Group Inc., bankers “know better than to pitch” a Trump-related deal, said a former Goldman executive. Goldman officials say there is little overlap between its core investment-banking group and Mr. Trump’s businesses.'
AAPL is what I use every day, it's nice and the 11 pro max just announced
there are obvious trade war risks right now but I expect spy out performance
manage your own risk
gl hf
$V #Visa breaking long into new all-time highsWatching Visa complete a Cup & Handle formation as it prepares to break out into fresh highs for the stock. Breaking into new highs provides little resistance for price to run, other than fib extensions and pivots. The C&H pattern provides a measured move of $30 to a potential target of $180.
MA: Expanding triangle formation with MACD divergenceWith every slowing economy comes the surge in credit cards charge-offs and MA is one of the most richly valued companies which I have looked at. Price action has been knocking around a bearish expanding triangle and held in check by the 240M 200-periods moving average with a negative MACD divergence. Not sure if I am early to the punch but downside potential is around the $1600 region which implies -c.17% downside.
MA Long on Short-TermBuy Limit 208.00
Stop Loss 198.00
Doji star with 2 gaps is formed at support line. It just reached 0.618 Fib retracement level.
Many NASDAQ stocks have similar formations, which means that the market is turning uptrend
S&P500, DJI and NASDAQ are at important support level.
RSI went down too quickly. It means an imminent up in price.
I will give a sell indication later.
Stay tuned for update
Dear Mastercard, I love youThey say never fall in love with a stock… Well Mastercard, I love you. I made so much money of off this stock! And we’re about to make more. Wait for it to pull back into the trendine again, go long and Swing your way back into profits again!
No need to make things complicated, watch price action, look for reaction zones, manage risk and become consistently profitable.
Need help in your trading? Send me a massage with your questions.
MA: Parabolic price action & valuations = Massive ShortWhen I see parabolic price action like Mastercard's weekly chart, I start thinking on how to structure a short because we all know parabolic price action always always ends in tears. It does help that MA is trading at....3.5x of its average 13-years P/B and has a...-0.25% real earnings yield (adjusted for US 10 T-bond). With MA implied vol trading at an elevated 34 and a nice skew, one can structure a July -5/-15 put spread for c.1.6% with a max c.4x payout if MA hits the min price target of $144 (being the weekly 38.2% retracement). I am most probably too early on this call with my short term tactical view being positive as we head into earnings season (MA reports 2 May'18) but...it is either you get the high vol or a better entry price. Either way, I would like to get some optionality into the books.
MA Short & Market ComparisonGiven the recent small rise in cryptocurrencies, as well as less reliance on credit, MA seems to be a short holding strategy for the year to come. This month in general because of policy changes and competition, have been non profitable. However, the yield is at 0.66%, and a 0.11% expected return average the next few days. Mastercard as a company though is investible stock wise for some returns, but won't be as investible for an entirely long term holding. This is even given its past "bullfrog" breakout. Overall, I would keep it for a short time period but would consider it as volatile for an extremely long term holding.