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L/S Swedish Equities Pairs TradeConsumer Defensive / Consumer Cyclical 30/12/2019 Close Long: ESSITY_B Current Price SEK: 301.80 Short: WESC_AB Current Price SEK: 0.0046 ESSITY / WESC spread Entry Range: 65608.70 ESSITY / WESC spread Hard Stop: 59076.70 (10%) ESSITY / WESC spread Soft Target: 85374.00 (30%) BETA hedge For every SEK 1.00 Long of ESSITY_B SEK 9.00 Short of WESC_AB *Build you position in two stages enter with 50% of desired exposure. *+add too the position on a breakout or at the soft target. *Hedge your currency exposure, unless you have a view on SEK. *HIGH RISK trade. Essity: Consumer Defensive (Manufacture Tissues, Toilet paper & other hygiene products) Strong fundamentals, very defensive and predictable earnings with consistent global demand, outperformed all of its competitors in 2019. *Market Cap = 212B *EPS = 14.10 ESSITY_B Consensus Jan 2020 =F1 Jan 2021 =F2 F1 P/E: 20.10x F2 P/E: 17.60x F1 Earnings Growth: 22.38% F2 Earnings Growth: 6.70% F1 Sales Growth: 2.70% F2 Sales Growth: 3.00% F1 PEG: 0.89 F2 PEG: 2.62 Risk: Reflation of the global economy, and solid resolution of political tensions. And therefore a full risk on scenario and defensive stock underperformance. Wesc: Consumer Cyclical (Trades Apparel & related products, under it brand name WESC) Weak fundamentals, very cyclical and “polluting” as it’s fast low quality fashion. Loss making. In desperate need of a turn around, I feel the business will not attract new talent (As the brand is notoriously NOT cool for millennials and gen z) and isn’t worth turning around as a brand, also no analyst and very hard to find relevant financial information in for the company. *Market cap = 22M *EPS = -0.0150 Risk: Merger, acquisition or turnaround. Otherwis I’d be happy to keep this position on for the foreseeable future. *KEEP YOUR POSITION SIZE SMALL* This is a risky pairs trade as WESC could get bought out, or turned around and go to infinity, but I’m betting against that. LONG High quality Swedish Consumer Staple. SHORT Low quality Swedish Consumer Cyclical.
OMXSTO:ESSITY_B
by Impreza
TESLA MULTI-FACTOR PREMIUM ANALYSIS+My Personal Story w/Trading TESLA(TSLA) Ahead of Q3 2019 Earnings and the Medium-term: Series on Equities #3 (12-15 Minutes read) Just as an intro, fyi this is probably one of the most complex and well-detailed charts that I've done so far. The chart is based on a multi-factor Tesla decision tree . I know that at first sight it looks very chaotic, but I'll try to explain it as orderly as I can. Have to say that, the chart symmetry is well fitting to an exceptionally great extend. Naturally, if it takes me some time to analyse a chart to such extreme details(3 days), it will take you some time to understand it too. This analysis combines several approaches that will be analysed in three time horizons : long,medium and short-term . The multi-factor approach includes fundamental(idiosyncratic to Tesla), macroeconomic, geopolitical and technical(trend) factors. It excludes quantitative analysis , although from the decision tree drawn below, a quantitative model can be constructed. Even though my current recommendation is short, I believe that Musk in the long run, is capable enough to establish the company as one of the leading global auto manufacturers. At the end of this analysis, there will be the second part of this post, that is about my personal experience so far with charting and trading. _________________________________________________________________________________________________________________________ Starting off with the idiosyncratic fundamental factor side combined with the macroeconomic and geopolitical risks . There are four major Tesla fundamental factors that I am looking at: net income, profit margins, deliveries and cash flows . Typically, I'd use a comparables approach , but since Tesla is still in their growth phase with highly volatile numbers , I think this would only make the analysis more confusing and won't add any value. So, how are Teslas' numbers doing ? Obviously, not that well. Their operating margin is only 0.57% . Gross margin is doing much better (17.86%), which gives me some hope that Tesla could massively benefit from improving their vertical supply chain( Reference #3 ). Ultimately, having low margins, directly impacts their net income, and if this is combined with their recent acquisitions and Chinese expansion, that adds up to Tesla's cash burning outflows. Their recent debt and SEO issuance( Reference #1 ), adds further bullish doubts. The main issue is- how is Tesla going to cover their debt obligations(even at these low rates) with non-existent margins? They will most likely have to keep adding debt/issue even more equity . Currently as it stands, the fundamentals are simply not working out. Despite the relatively well recent delivery numbers, this negative shift in investor sentiment was reflected in the latest price drop to 176 . This brings me to the Tesla decision tree diagram, that combines all of the factor approaches. (Simplified Decision tree|The states aren't mutually exclusive(Ex. If the economy is good, chances are higher that Trump gets 2020)|On the left side Tesla's stock performance is compared to some of the top global auto manufacturers) In my previous posts, I have thoroughly analysed most of the geopolitical and macroeconomic factors( linked in "Related ideas" ), so I will just elaborate on how they apply to Tesla. Essentially, even if Tesla has a good start in China and their recent acquisitions work out( Reference #2 ), the risk of a prolonged trade war, could affect their business in China and if this is combined with the ongoing economic slowdown, it heavily skews the risk-reward to the short side. All of the risk-reward diagram states are labelled on the chart. The darker the shade, the more probable the outcome . Before I get into the technicals, a brief summary of the Tesla's time horizons linked to the decision tree. Short-Term : Quite a lot of uncertainty. Depending on the trade war outcome and Brexit, in the worst case outcome, we could have a recession by the 2020 US pres. elections. One of the systemic issues that will add up to the negative investor sentiment, is the rising proportion of unprofitable IPO's that are just thrown at investors( Ref #4) . What's already falling, in a recession, might as well crash . This systematic factor, applies to Tesla's profitability issues too. Relevant VIX idea on volatility and uncertainty. Medium-Term: If the economy survives until 2020, depending on who wins the election, we will have different outcomes. If Trump wins, the cycle could extend for another year. If any of the Democrats win, and as it looks it will most likely be E.Warren(Reference #6), we will have an economic contraction much sooner. Eventually, we will have a recession by 2022-23. Even if Trump wins 2020, his self-destructive nature will get him impeached, adding up even more uncertainty. Discussing FED rate cycles and supercycles. Long-Term: Assuming Tesla doesn't go bust or turns private and survives the next economic downturn, it'll be a good stock to have in a portfolio. Musk has about 10-12 more great years to lead the company. The market for biofuels and clean energy without a doubt will continue to expand. However, by then it seems that most large western OECD cities might ban cars all together, meaning that Teslas' strategic expansion into developing Asia will have a very positive payoff in the future. Wrapping up the analysis with the technical side . The chart above ties up several carefully chosen tools and indicators such as: Elliott waves, Ichimoku cloud, (E)M averages, pitchfork band lines, fib. supports, cycles and obviously many channel trendlines . So, what are the technicals implying ? Currently, the long-term trend in Tesla is neutral, within the ichimoku cloud. After the double-combo WXY wave, there seems to be a tendency towards an ABC or ABCDE contraction . In case Tesla break off above 365 (which is extremely unlikely), I would trade Tesla based on the drawn pitchfork that fits the current chart pattern extremely well. In the comments below, I will elaborate some more on the symmetrical shapes. That's it for Tesla, there are many other factors that could be analysed, but I tried to keep it as short and precise as possible. If you have any question, feel free to send me a private message. Now, for the second part of the analysis. _________________________________________________________________________________________________________________________ My personal experience so far in Charting & Trading I got into trading at the start of the crypto bearish market, the very end of 2017. It was a way to divert my college anxiety and work on something complex that took my mind off boring academia. Even now I find it very relaxing in a weird way, while I am drawing charts(hope I am not the only one). I am glad that I made a tradingview profile right away, so now I can look back and laugh at my sh*t posts about bitcoin and other altcoins. On a serious note, from those same old posts until now, I can look back and see how far I've developed my charting skills and trading mindset. All these charts and assets that I post about, serve as my notes and in a way reflect the spirit of the time(ex. 2018 sell-off). This post about Tesla gave my a sort of a conscious realization about my personal development, and this is why I am writing about my personal experience. So far, in less than two years of being involved in charting and trading, I've came to a conclusion on few things. Firstly and obviously, trading is not easy . It's not a job, it's a lifestyle. Just as most athletes have to constantly keep their bodies in shape, a trader has to always stay sharp and attentive . Most importantly, what speed up my development was my open mindedness. Any outcome is possible- never be fooled by randomness. Part of having an open mindset, is working on your personal biases . I highly recommend taking time off trading every month to reflect on your development. Realize what for is the market following such a pattern and not why you're making the trade. Do not confuse your biases, with your intuition . Most of the time, your biases do not allow you to make a precise conscious conclusion of your intuitional drives. One of the things that elevated my charting development was adding a behavioural finance and philosophical approach . This happened last summer. If you compare the dates on my latest charts, you'd clearly see the difference. I've taken some time off trading the last couple of months, in order to fully develop my macro ideas and this has payed off remarkably well. These would be some of my tips for anyone that wants to get involved with trading, and if you're already a long term trader I'd appreciate if you commented about some of your own best trading recommendations. How do I draw my charts and what I am currently working on? All of my recent charts are drawn naturally. I take a complete freedom and time to draw every pattern and allow for it to form and fit naturally. No pattern should be forced, just because you want the chart to turn out the way you want it to. Obviously, everyone has biases and that's why technical analysis is as subjective as it is. My latest focus has been long term. Initially when I started trading it started off with day trading on 1-30 minute charts, and you can guess the result. It's pointless to try to beat HFT algorithms or compete with them. All experienced traders start of from a macro (large time frame) approach. Additionally, it's much less stressful to reposition your portfolio every now and then when more fundamental information becomes available, compared to getting blindsided and extreme stressed while day trading. Here, I have to say that I admire the few day traders that have stayed afloat and are profitable. Takes some guts and plenty of sacrifice to perpetually live that intense lifestyle. To conclude this boring text that's an outcome of my boredom while being sick the last couple of days, I am proud of my work. Without a doubt, I've reached a decent level of understanding in trend and multi-factor fundamental analysis. Of course, there's more things to improve on, and there'll always be. What I am currently looking to learn and improve on, is about programming and writing scripts. If you have any tips or ideas on how to get started in trading related programming, please message me right away . Even if it's not programming related, but charting related topic or an idea, I'd be happy to answer whenever I am available. Thanks for taking the time to read thorough. This was my short text about trading and charting. Hope that my insight is at least somewhat thought provoking and useful. All the feedback is very welcomed! -Step_ahead_ofthemarket- ________________________________________________________________________________________________________________________ References on the Tesla analysis: 1. www.nytimes.com (Corporate Structure & Financing) 2. www.youtube.com Explaining Tesla's latest investment strategies(acquisition, china expansion) 3. imgbb.com (Tesla's vertical supply chain) 4. ibb.co (IPO's Earnings trends since the 90's) 5. imgbb.com (Momentum versus Value strategy chart, sorry about the poor quality) 6. www.realclearpolitics.com _________________________________________________________________________________________________________________________ >>I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories.>> However, if you'd like to support me and get informed in the greatest of details, every thumbs up and follow is greatly appreciated! Full Disclosure : This is just an opinion, you decide what to do with your own money. For any further references or use of my content for private or corporate purposes- contact me through any of my social media channels.
NASDAQ:TSLAShort
by step_ahead_ofthemarket
ETH is currently lost within it's bullish patterns (For now).Right now ETH looks like it's currently within the parameters of a falling wedge it's also broken down through many of the major support levels that is has created during the start of the bull-trend and has so far been treating the old support as resistance. The breaks of support had resulted in an over all dip of around 60% from 2019's all time highs but since then ETH has been in a short term up-trend and has been approaching the top of the wedge and can very well break out to the upside from here. But lets dig further into another possibility that can provide a much lower risk entry: I have 2 big reason here why i expect a reversal to the downside. 1. While the falling wedge is a bullish pattern we are still at the top of it and right underneath both diagonal and horizontal resistance it's high risk to enter right now therefore the only valid way to enter at these high lvls would be for a break of the resistance, but the resistance here is very strong and likelihood of breaking it is low right now but still worth looking out for. 2. Our short term up trend going into this resistance zone has been pretty nice price wise but if you check the MACD you will notice that we have been bearishly diverging on the 4HR chart upon every higher high we've made in this short-term uptrend signaling that the trend has not been very strong and that we might be in for a reversal soon.. With all that said I have laid out a chart that might show some areas of value where we may have a better chance at buying then holding for the long run. The purple zones are our S/R lvls that have yet turned to resistance The Fibonacci levels are a retrace from our Lows back in December to or Highs this year. And finally the harmonic over the price action in the middle of the wedge is a potential bullish shark where price might reverse. if the shark is valid price can reverse around the 149-144 dollar area marked in blue but lets say it doesn't reverse there. I believe that ETH has a major zone of support clusters between the 130-122 area in which it may be a good idea to DCA into a position at these levels. As far as an overall stop loss is concerned I'd say a convincing break down below the wedge would be a sufficient stop. The wedge is already quite matured and at this point we are far enough in that we could reverse at either of this support lvls which is why i suggest the DCA approach this time around and break below this wedge would take us to the 886 retracement which is confluent with a really strong support if we break the wedge and hit these levels i'd expect a violent rise back above the wedge . So as you can see thing look overall bullish for ETH but at the same time immediate price action is still uncertain but the charts are still providing us with enough information to make plans for both the Mid-term and Longer term price action.. I hope this helped some people out; good luck traders :p
COINBASE:ETHUSD
by RizeSenpai
Gap Inc. Appearing to Reject 200 EMA Once AgainOn the 4-hour chart of NYSE:GPS , price action has interfered with the 200 Exponential Moving Average a numerous amount of times. And, almost every time it has, a reversal and price swing has occurred. This latest one happened after a price surge caused by a normal stochastic oscillator divergence, sending price action straight through linear resistance. Old resistance becomes new support; the foundation of the technicals I've used to price target the short exit. Gap Inc. is in a heavy sell off, as it has been for months on end. In some ways, this recent surge may be seen as standard price oscillation or even a short squeeze. The technicals right now are supporting a continuation of this collapsing trend. Entry Price: $19.24. Stop Loss: $20.55 (Resistance formed by movement before a downward gap) Target Profit: $16.00 Methods of Capturing Gains Short stock. Short call credit spread. Naked puts. Put strike biased straddle. Bearish strangle. *Note: There is an infinite number of ways to capture bearishly favored gains. Be careful with the GPS weekly options because they have low volume, open interest, and liquidity, and can result in extremely unfavorable execution and fill pricing.
GShort
by DoozyTrader
DAX Medium-Term EW Count UpdateI assume that the German Market Index is in a corrective Wave 4 which plays out as abcde triangle (take a look at the big picture analysis). Medium Term goal is the price area 11000-10800. The move down should come in 3 Waves now I see 2 possibilities, either the B wave is already finished and we are in the C down already or we hold around 11600 and need another pull up to the 12000 area before we start the C wave. Take a look at inside my Facebook Community: www.facebook.com
TVC:DEU40Short
by JonasBenjaminFriedrich
1
Bitcoin Medium-Term EW AnalysisI expect Bitcoin to drop into the 8000-7000 area in the medium term. This Zone 8000-7000 maybe even 6000 will then be a key Zone in the decision of which Big Picture Szenario plays out in the long term (take a look at my Big Picture Bullish and Bearish Count). Should we not find Support in the 8000-6000 Zone then I expect the Bic Picture Bearish Szenario to play out (Hype Kill) if we do find Support around that area we need to see if it sustainable if it is then this Zone could be a very could buying area for a long term up swing.
BITFINEX:BTCUSDShort
by JonasBenjaminFriedrich
Top Reached and Rejected, Selling OpportunityPrevious top from early January(double topped back then) was nearly reached this week, but rejected. Fib/support levels show a short term low upcoming at .786 of the fib levels on the right of this chart, if that is hit it looks like further downward progress to the 0.382 level of the longer term run up that began in May. Weekly Chart(not shown here) has candles reaching up toward this high from January but falling short. Large selling volume this week helped to reject the top. Expect bear market for upcoming 1-3 weeks.
Short
by liquiddrool
The Cryptocurrency Market as of this day in time.First of all, TA. Between channel - between the 5th of October and 18th November we broke our bearish channel, seeing heavy price rejection on the 15th of October and a consolidation thereafter before bearish movement back inside the channel showing price rejection. 72 MA - derived from there being 72 candles on the 1monthly graph or 6 years which is only made available to us here on trading view however On 17 March 2010, the now-defunct BitcoinMarket exchange is the first one that started operating, on the 22nd May 2010, therefore i have added a 104 MA to the equation. I could change the exchange but there is not an exchange available to us which has been around for the entire life of bitcoin and therefore (although the original values may be seen as anomaly's) it would still be interesting to do this. -raw data could be combined from old exchanges to new to provide transparency- if available. Strong rejection to the upside on 15th Oct 2018 Weekly Candlestick. No confirmation from AC for bearish momentum although on the 2D graph there are signs of a slowdown but is not confirmed as there are no lines closing below 0 as of this moment in time but in the long-term this shows no real signal until it is developed on a bigger timeframe. Not a lot RSI is also not giving us a clean picture, however, potential retracement to between 40-50 would make sense as these levels have been shown before over a large period of time but this it will depend on the development of data over the next few weeks. I put these on to further show indecision within the market. While we are in a Bear market, it is unwise to catch a falling knife - this is a very common saying in Wall Street. (Unless you are a strong bull and have evidence as to why) However, there has been no confirmation of a further decline. Could this be the bottom? or can we go further? In my opinion, there is room to go further down and it would be wise to wait for a confirmation of a bull market. As we are in this area of uncertainty, i would say there are two outcomes: We continue to test the lower boundary of the bearish channel or we break out of this channel, retest, bounce up and test overhead levels anywhere between 5800-7600, then i'd go on to enlarge that range to 8200 according to price-analysis but it might be worth taking into account this was during an extremely choppy period for bitcoin. When we are in a successful uptrend from then on I'd say we will be in a Bull Market and it will make sense to invest. Maybe we're just retesting a support level from a previous time? never rule out any probabilities. I think it is very likely we may spend the next 6 months to the majority of the end of the year within the accumulation period before establishing a significant uptrend to turn around the bull market, if that's all you're here for. Institutions have used Gold as a hedge, the regular safe haven as a medium of value in times of uncertainty, as can be shown in the past during the 2008 financial crisis, with Gold having an ATH of almost 2000usd per troy ounce. A bit of information you should know if you care about your funds,loved ones,etc: The purpose of Bitcoin and Cryptocurrencies as a whole is to provide a Decentralized medium of exchange. (A medium of exchange is a store of value used by buyers and sellers) Bubble assumption - Many traders have considered BTC and other cryptocurrencies as a bubble where the price was pumped by buyers whom may be gullible to FOMO as they have not had a proper look at the cryptocurrencies in depth which is understandable due to the amount of time available to them to do so - or lack of interest and wanting a *get rich quick* scheme - arguably, the news is to blame for this but it has lead to increased interest on the Cryptospace. Another point to consider would be that in our global economy do we, the people, need a decentralized medium of exchange? or are we happy with settling with central fiat? if the billion-dollar cryptocurrency market doesn't tell you its here to stay, what is it telling you? Facing the facts: Now that more regulation is in place such as KYC and AML schemes from Governments being forced onto exchanges, surely this means that certain cryptocurrency's have a future. However, even though such schemes have been put in place on various cryptocurrency exchanges there is the odd pump and dump exchange which will occur now and then (pumping and dumping is illegal on stocks) however in cryptocurrency it is not as of this current moment in time. Whether it is declared illegal or not to pump and dump it will not change the fact that there will always be people and bots whom use everything in their arsenal to spoof the system which is out of control of central governments. Fiat Currency outdated - Government bodies seek to provide a central medium of exchange to provide reliability for transactions between buyers and sellers, however, security is an issue with these mediums of exchanges. By purchasing a physical cryptocurrency wallet (from the original supplier, whoever you choose - as a popular defrauding tactic is to install apps on wallets and resell on amazon to steal) should provide sufficient security in cold storage of these devices, be innovative and think of where to store these, furthermore store your seed key in a safe place as you can then recover your cryptocurrency, accessible only to you. Why is it good for me? you may ask. Surely consumers businesses and bank models want sustainability, reliability and ease of access to their funds as well as cheap cross-border transactions such as those offered by XRP. There is so much Sustainability- Governments want to provide sustainable economies within their country. Cryptocurrency allows safe and secure transactions as long as you give a small amount of care to protecting your funds, much better than fiat. Businesses want a sustainable infrastructure that is going to be here for the longevity of things, as well as security. This would be provided by the mass adoption of cryptocurrency. Consumers want to make sure their transactions are secure and can not be robbed by the local *roadman* down the street (we live in an age where large proportions of the younger generations are being brought up to assume wearing branded clothing is associated with jealousy, causing this.) Back to the topic, using cards accomplishes this you may argue.. until it is stolen and the credentials are used against you, such as acquiring relevant person information and spoofing your identity - "identity fraud". This *need* is provided for by cryptocurrencies such as Ripple (XRP) or main competitor STELLAR (XLM) Ripple's xrapid technology is in the process of being tested in multiple banks across the globe. The same can be said about Stellar. Reliability- Governments - They won't need to waste paper or plastic/whatever material on physical *mediums of exchanges* (Money, Fiat.) is made out of, for example, once upon a time currencies were made out of more valuable materials, based on the assumption these materials are infinite maybe? who knows... An example of this would be 97% of 1p and 2p coins in the United Kingdom being made out of copper-plated steel since 1992. on physical *mediums of exchanges* (Money, Fiat.) and therefore the Government can rely on a decentralized medium of exchange to protect you. Businesses - We want money, lots of it (assuming businesses are greedy) and we want to be able to store it safely and securely. Crypto's means no need for stockpiling money.. oh wait cards do that already? Card users databases are leaked often and fraudsters purchase them from x uncensored/impossible to take down site, however it could be argued darknet sites last a year or so before dying, probably because of an advancement in technology. Let us talk about Quantum Computers and how these may be used to decrypt the latest encryption methods... (Off topic, i know.) - IBM has been researching/developing these since 1990. Point being, if someone is committed enough they will use everything in their arsenal to fight back at you so conform to norms. Consumers - How reliable is my credit card?- pretty reliable until something goes wrong with the banks and the card gets declined.. or you get defrauded by a fraudster whom has evaded all of the latest anti fraud techniques. (Let us talk about browser fingerprinting) With cryptocurrencies, this is diminished by the use of blockchain technology - a good thing to read up on, therefore you'll know what you're buying into, a medium of exchange which is almost guaranteed to rise up in value in the longevity as long as Governments, Conglomerates and Businesses as it will all lead to adoption in the market. Why does x cryptocurrency offer value to me, the consumer,business,government of x country? Great question, glad to help you. It provides up to date protection and security so you have control over your own funds, there are many "stable" coins out there, naming the most popular one would be Tether (USDT) so why not avoid the bank and store your currencies on a decentralized wallet or *trusted* exchange of your choice which you believe is not prone to hackers. Personally, i would recommend Binance for a few reasons. 1) They are the biggest exchange, assumingly the most reliable - however - this could lead to it being a target for hackers who want to steal your funds out of your wallets. By being the biggest cryptocurrency exchange by 24hr volume every day you can give them credit where its due as they have the infrastructure to secure your funds by working ontop of their api. 2) They literally reimburse your funds if you lose them due to events out of your jurisdiction, ie, hackers stealing your funds. (You won't get them refunded if you do not have a password on your phone and your mate steals them because how can you prove this?) This is just a recommendation, you can obviously use other exchanges such as huobi,bitfinex, etc but do your research first. We could also talk about mining costs for x cryptocurrency, for example bitcoins being below Mining is basically a DOS-prevention mechanism known as "proof of work." There's a math problem that is very hard to solve, but very easy to check the solution for (there are many types). So, when you add a new entry to the transaction log ("blockchain") -- basically a list of "transactions that have happened in the last X minutes" -- you need to include a solution to the puzzle. To encourage participation, the system includes a provision that, as a reward for solving the puzzle and recording the log, you also get to conjure a bit of the currency out of thin air and give it to yourself. In other words, "mine" it. To summarize: Solve problem, post solution, profit. Now, why does such a system exist? It helps prevent people from taking over the transaction log by just doing whatever they want. You have to put in an insane amount of work just to make one entry... which means that you can't really spam it. You would need to spend much more compute power than every other person/group working on the problem, which is infeasible in all but the most disused currencies. To conclude, while there will always be people whom breach the system and take advantage, you have to hope that the future is a brighter place where governments may listen and understand the value of cryptocurrencies and stop trying to render them as obsolete due to either not caring about the subject or personal interests from the highest in power. Cryptocurrencies have a Genuine use and although their reputation may be brought down by users of the darkweb -naughty people who want to steal your funds- you can protect your funds so do not fall for FUD and hodl throughout FUD. Also, do not fall for misinformation, do your own research and uncover the truth.. most industry's are not effected as heavily by FUD but this is one of the major restrictions in crypto adoption which bulls must take with a pinch of salt, as previously seen before the hodl pays off, we may be in a 90% retracement but what happens after that? further accumulation before a boom? Only time will tell. Long-term BULL, Short-term unclear. While i don't believe in BTC as the currency which will take off, the majority of crypto's a currently tied to BTC however when a decoupling of crypto's happen (which will be shown by the majority of altcoins outperforming bitcoin) i'd say these opportunities we have now are even more buying opportunities. Ethereum has massive adoption already and its offering us ever more affordable buying opportunities if you think long term. There are plenty of opportunities for us traders to capitalize on within this space for the future and many of these cryptocurrencies have real life high ecological validity. Comment, Like and Follow to put forward your idea on the subject and show support! I want to provide an unbiased opinion on my trading ideas, this idea assumes crypto's will be adopted however it takes a scope of detail into account, looking at cold hard facts which inevitably will lead to adoption as it is just a matter of time, and if you disagree then that is your opinion and you are well and truly entitled to it, thank you for reading :)
BITFINEX:BTCUSDLong
by TheCryptoMvp
1
EOSUSD, long to transit (7.83) or gold interesting price - 8.87.Ok, guys, today its Kraken and EOSUSD. I automaticaly mark all interesting price with X-lines indicator. Like you can see 8.87 its a real strong and interesting price (marked gold color). Also gold status have strong resistence level 5.47 there is a big seller on it. Volumetric analisis by X-Volume indicator show good medium purchases without obstacles. So i think you can do two things: 1) Purchase now and sell on 5.4. 2) Purchase now and wait 7.0 or higher. It all depends on your trading activity. Levels thanks to X-Lines indicator.
KRAKEN:EOSUSDLong
by JinFlark
1