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ALGO Bullish Trend and "Future of Global Payments" Report updateShwatup doe! Hope you are healthy, wealthy and blessed! Here we take a closer look at ALGOUSD on the 4 hour chart! ALGO has been ranging between $.36 and .47 over the past few days; gaining strong support at $0.38 and at the current level of .3950 Volume and Money Flow have been increasing dramatically... If .47 is broken, we could see a quick move to the $.53 area, but we need to hold $.43 as support. I am bullish short term and long term, but cautious at this point as Bitcoin is in uncharted territory and the correlation is obvious. DCA (Dollar Cost Averaging): Look at fib levels for entry points at support and buy any dips at these levels. As price moves up and resistance becomes support, act accordingly. Use stop loss and take profit at resistance zones, and watch for breakouts that come back to test previous resistance as new support for entry signal as you don’t want to miss the move up! I think a great entry is anything between .36 and .40 and a good entry is anything at or below .43 for the current price action, with stop loss just below support at .36 as to not get stopped out and miss the next move up! But that’s just my opinion. Possible short term bearish scenario: If $.47 cannot be broken on the next go at it and if we cannot hold the $.43 as support, AND If btc corrects and money doesn’t flow into Alts but Instead into fiat (which doesn’t really make sense to me because the US dollar is increasing in supply as I have already received my stimulus check as many of you have), it is possible that btc will take the whole market for a correction. And as for “The Future of Global Payments” report, here is the link to download the 64 page report from ALGOrand.com —- info.algorand.com This report from the DMI (Digital Monetary Institute) and OMFIF - (the Official Monetary and Financial Institutions Forum) , contains contributions from Algorand, who’s name and logo appears next to the likes of contributors: MasterCard, Citibank, PayPal, GrabPay, Swift, and more. Notable quotes written by Steve Kokinos, chief executive officer of algorand: "THE economy functions on complex systems that present challenges and opportunities when it comes to payment services for consumers, businesses, governments and financial markets. Legacy financial systems do not have the efficiency, trust or accessibility needed to advance global payments. Blockchains solve this by bringing trust to otherwise untrusted systems. (...) Implementing trust through legacy methods and available technology is simply not feasible. The path to generating trust is through programmable systems and programmable money, or real money that is represented digitally. (...) Blockchain offers a completely different way to organise and manage payments systems. It provides real-time, cross-border payments worldwide – and even new ways to store value. A platform like Algorand, paired with fintech’s latest developments and simplified developer toolkits, has the potential to take the lead in the race for payments innovation." Thanks for reading and thanks for your support! As always do your own research, I am not a financial advisor and this is not financial advice and ONE Love ❤️
KRAKEN:ALGOUSDLong
by DharmaCat_Pro
7
NASDAQ:PYPL Paypal stock price forecast, Buy, Target 335PayPal (NASDAQ: PYPL) Trade : Buy Entry : 220 Target : 335 (115, +52.27%) Stop : 183 (-37, -16.82%) Posted on Tuesday, December 15, 2020 Note : PayPal stock is expected to rise higher. Even though I don't know how high it will go, I think it will go very high. Resistances (targets) could be 273 and 335. Support could be 183 and 160. As digital payment stocks, Apple (NASDAQ: AAPL), Square (NYSE: SQ), Visa (NYSE: V) and Mastercard (NYSE: MA) also look very good. Perhaps, they will get people's attention in 2021-2022 again.
NASDAQ:PYPLLong
by Ptrade
Paypal Breaks Covid-19 Bull Flag!Paypal breaks the Bull Flag since the Covid-19 V-shaped recovery, and has now huge upside potential. On the Weekly already, we could see the nice EQ zone between 215 & 175 forming, another rejection at the tops & subsequent break would've been preferable, but it's ok. As long as the bulls can keep the momentum now, we are looking 240 and potentially beyond. This trade would be invalidated, if we fake-out and come back into the EQ. We have a clear Daily HL at 206 to watch out for in this case: Happy investing & trading!
NASDAQ:PYPLLong
by Edgy_
2
Let's see if we have that Bullish impulse / PYPLClear setup to share on PYPL Main concepts of the chart: a) The price is inside a major ascending channel (Bullish Structure) b) We saw a breakout of the last Resistance zone and the price moving on the edge of that level c) On the edge of the Broken Resistance zone (now working as support), we can see a Flag Pattern (ABC Structure), which is considered a continuation structure (that means that we should expect a bullish movement after the breakout of it) d) Now let's speak about targets: We have two levels, The first fibo extension (we will use it as a break-even level) and the second fibo extension as a final target e) IF the trade goes in the expected direction, we think we can have a 15 - 20 days bullish impulse in terms of duration f) IF the price does not go as expected, we will cancel our bullish view if we see a movement below "C."
NASDAQ:PYPLLong
by ThinkingAntsOk
PayPal Report Exceeded Forecasts Due To Growth In Online SalesPaypal shows a clear uptrend. Formed a bullish flag. If it breaks through the key resistance level, then the next targets are the Fibonacci levels. PayPal Holdings reported better-than-expected quarterly results due to increased online sales during the coronavirus quarantine, but the current quarter profit forecast disappointed analysts. The company's revenue increased by about 25% to $ 5.46 billion, beating the analyst consensus forecast of $ 5.43 billion. A storm is brewing in the stock market until January 20. The name of this “weather phenomenon” is the US presidential election. The American economy is the largest in the world, so the world economy indirectly depends on what is happening in the United States. Best regards EXCAVO
NASDAQ:PYPLLong
by EXCAVO
8
Double Top on Bitcoin ? Were hearing bullish news for bitcoin left right and centre, all youtube moon boys calling $100K BITCOIN But imo why would institutional investors pay high prices for bitcoin when they know they can easily manipulate the market. Thinking overall we have had a 266% price increase since the corona dump in March with no real correction, And i'm pretty certain large investors would have heard the paypal news weeks or months ahead of us and they will be looking to take profits to buy back in at lower prices. We also failed to close above this key resistance on the monthly TF, also we have made a 100% retracement from previous highs. And can we really use 2017 price action in our TA ? We all know it was FOMO that caused that rally every Tom Dick and Harry wanted their piece of the pie back in 2017, But right now I still don't see mum and dad investors piling in. What's your thought ?
BITSTAMP:BTCUSDShort
by steevyp2820
3
Pumped for the big Bitcoin Pump - BTC Adoption and thoughtsBitcoin is 11 years old and is already changing the world of finance. I see Bitcoin reaching it's previous All Time High by March/April of 2021. If it happens sooner or later, that's fine. I'm confident this is only the beginning for Bitcoin. In July 2020, we finally broke out of that nasty bear trend going back to the high from December 2017. We retested that trend in August again (which is a healthy move), but have since moved and stayed above it. That was painful and took soooo long! Let's please just skip that dreadful time of life next time around. Bullish feels so good! Go ahead and take a moment to appreciate those who have been able to hold on for these last few years of the journey. There's a chance we stay in a long term equilibrium pattern on the monthly, but we are close to breaking a big resistance of $13,868 and if we do, then the all time high of $19,891 is in sights. After that, it's time to buckle up. With all the positive news and infrastructure growth in this space, things are looking bright. Yes, I expect some big drops along the way, in particular after we break the all time high, but long term, things are looking positive. Adoption!!! We will continue to see companies and other institutions pouring money into Bitcoin. In the grand scheme of things, it is a gradual inflow right now, but this trend will continue to gain momentum. There is quite a bit of recent news on this matter: - Grayscale is currently purchasing 77% worth of all the newly mined Bitcoin supply, an amount that has increased every quarter this year. I can't wait for a few more halvings. Remind me again what happens to Bitcoin price when the supply gets cut in half, and then half again, and literally 1 company is buying more than is being create. The word UP is coming to my mind for some reason. - Companies like MicroStrategy ($425 Million) and Square ($50 Million) are choosing to hold Bitcoin as an asset over holding cash. Every few days now we are hearing about more companies choosing this path. - Paypal is bringing Bitcoin exposure to it's 350 Million customers world wide to be able to Buy/Sell/Hold and make purchases with Bitcoin. Regardless how many new customers this may bring in (hopefully the fees will be lowered once there is more competition) the effect of incorporating bitcoin into PayPal's wallet is pretty major. - Central Banks are taking a serious look into Central Bank Digital Currencies. 1 out of 5 central banks have said they plan to incorporate digital currencies within 1-3 years. I don't imagine the United States has a lot of incentive to move forward quickly with this, given the Dollar being the dominant world currency, but it's going to happen eventually. - Banks have been given permission by the Office of the Comptroller of the Currency to begin holding digital currencies. I imagine this is to allow for the digital dollar once this becomes the norm, but it also allows them to hold Bitcoin. Do you remember when banks like JPMorgan called Bitcoin a fraud just 3 years ago but now are predicting a $30,000 price for Bitcoin. Hey, even banks know that their direct competition is going to make them money. Speaking of money, who wants some Stimulus Money!?! I believe the answer to that should be anyone who wants to see another surge in the Bitcoin price. How many of you in the Crypto space added to your portfolio after receiving your stimulus check, or maybe even as soon as you heard that you were going to receive the stimulus check in the coming weeks. How much more did you make by choosing to invest some portion of it in Bitcoin versus holding it in those 0.01% super charged savings accounts we're all so excited about ;) Well, most believe a second stimulus check is likely to happen again at some point. Get ready for it! Supply and Demand, and also Inflation: My cash seems to be confused. It is going in the wrong direction! Remember the good old days. The average house used to cost $3,200. A loaf of bread cost 7 cents. Movie tickets were 10-15 cents. Clearly I wasn't alive back then, but I've heard that's how things used to be. Inflation is nasty and it's not stopping. I mean, it's cool and all that money can be magically printed out of thin air, but except for the stimulus checks, that's not going to help any of us. Printer goes brrrrr! Bitcoin has a cap of 21 Million coins. It's a simple statement, but the implications of this are why I chose Bitcoin. Every time someone buys bitcoin and chooses to hold it, guess what... sorry Charlie, it's no longer available for you to buy. You have to find some other foolish person who is willing to sell you their Bitcoin. I understand people trade the trends, and I'm all for that, this is TradingView after-all, but long term I want to be holding my Bitcoin, not getting rid of it. The inflation rate of Bitcoin is now approximately down to 1.8% and will become significantly better with each halving. Fun Fact. There are approximately 46.8 million millionaires. Only half of them would ever be able to own a single Bitcoin. Also, several million bitcoin are supposedly lost forever, and some individuals and companies are already holding multiple percentages of the bitcoin supply. I will again reemphasize there will only ever be 21 million bitcoin. Thanks for checking out some of my thoughts. I'm super excited about Bitcoin and hope there will be many more to join this community soon.
COINBASE:BTCUSDLong
by zwickster