Paypal Prediction UpdateBouncing off 150 MA, Great earnings (doesn't matter), beginning wave 1 and finishing up a nice bull flag. RSI also pointing north. Just my personal opinion. Thanks.
Paypal
PayPal - PYPLUptrend continues, nothing changes at the moment. Excellent results as usual. A small hiccup. Can be seen even more clearly in the daily chart.
PYPL: The New Bank & $80+ PT Range w/ BonusPaypal is and will always be a permanent, financial player. The Venmo acquisition: brilliant. Square, sure, it's growing and has potential. Tell me one person back in 2014 or 2015 that had heard of it over Venmo. Brand recognition and explosive growth make it one of the pinnacles of the PYPL story. Was it expensive at $80? Yes, absolutely. Is it expensive now for what all it has going? Debatable, but I guarantee that it will rise as anything else financially responsible and relevant will.
Technical trading up, over $80 is doable. With a perfect environment and more than likely absurd EC beats, expect a path to $100 if the market is stable and experiencing growth momentum. $100+ prime and over, take your money and sell. Don't be greedy. The Venmo story is real, relevant, impactful and unique. The eBay bs is now absorbed and incompetently understood. No one is thinking of it, so PYPL is a pure, no news related play.
Base camp This Chart is crazy, Paypal has been pushed so hard that it is difficult to analyze it. Undoubtedly, it has the potential to give more, however, it seems to me that a coffee break is acceptable.
I see very likely the possibility of a final push to the area of 86.86 during the change between March / April and then a break of trend to the area of 60 between June / August.
I know that this is a great company and that his chart can be even more aggressive, that is why I also analyzes the possibility of what I call a Super Bullish projection, in which Paypal could reach 119 in a couple of years. However, it is not the focus of this publication. (Anyway, I included the "SB" levels in the chart)
Here, I am focusing on all the evidence I have to go Short. My biggest concern is that there is a minimal possibility of over extending the top to the area of 94. So it seems to me that a pyramid entry would be the safest option.
Let's see how this develops.. Best wishes to all.
Next bubble highI am of the opnion we will see a medium-ish pre-halving rally, then a coast through through the halvening until Q4 2016 when the real bubble will kick of. This is in part due to to effects of the supply halving started to being felt, to adoption among merchants and established payment processors happening due to the media exposure that happened from the pre-halving rally.
Paypal, Opt 1 15%ROI or Opt 2 22% ROI Jump in and rideAfter the news about Ebay/Paypal/Adyen on January 31st there has been a technical oversoldness and fundamental undervaluation. Paypal reported 131.45B Total Payment Volume last quarter. Next report is on 04/26 AMC. Jury is still out on expectations.
After braking the bearish trend line and breaking the resistance I expect Paypal to get close to $88 very fast.
Option 1
1st Target $80.00
2nd Target $88.00
Stop Loss $75sh
Option 2 (already in)
Stop Loss jumped $75sh
Buy in $72
1st Target $78
2nd Target $80
3rd Target $88
REQBTC Expanding Flat 7-800% GainsUpdate to our previous REQBTC analysis, previously we had an ABCD retracement which has now turuned into an expanding flat and looks ready to go. This is the completion of Wave 1 and 2 and rwady to move into our largest 3rd wave for this first cycle. Trade still valid and running, no stop loss hit, target still valid.
Great long term investment which about to launch their main product and potentially compete with Paypal who holds a 90B Market Cap, huge potential for this product.
Going long PYPL on MondayPYPL is printing a bullish engulfing hammer candlestick over candlestick price bar on heavier above average volume with my momentum/trending oscillators confirming the price move. I am going long PYPL on Monday using a limit (GTC-BUY-LMT) order @ 75.87. I will have three trailing sell stops (GTC-SELL-STP) @ 73.50, 72.55, and 68.60 to protect my initial invested capital in case PYPL does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from February '17 - November '17.
PAYPAL (PYPL) Strong uptrend - Long TermBASIC INFO:
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide.
Revenue seems to be increasing well over the last few year as well as earnings per share. Earning surprise looks great over the last 4 quarters. Consensus on Earnings per share forecast is strong over the next few year and a 17% earning growth rate for the long term 5 year forecast. Paypal is still ahead in price/earnings compared with the industry average.
SETUP:
Posable time for long position seems now with a initial target of 64.95 and a stop of 57.59 with the option to add to the position on pullbacks to the trend line. Lock profit in by adjusting stops up.
5.24.2017 Trade Idea: PYPLIf you are interested in more of our trades, check out our profile and Tradingview Indicator @ChaoticTrader
PYPL concernEven PYPL's ER beat, it possibly won't make it to the new high given the strong resistance around 44.5. During last earning report, PYPL jump-off from 40 to 44 and experienced sell-off till now. I have provided two possible paths for PYPL
(Daily) Pay at Structure With a Cypher -Div. at 78% as an optionNASDAQ:PYPL
It can bounce from the 78% (and this is the fib level for a cypher completion point), already with RSI divergence, but i need to believe the price will respect the structure first, then the harmonic, that said, i am waiting a deeper abc correction close to the structure and also an RSI below the lower band at 20's (oversold)
Safe Trades;
Paypal: nice doublebottomMain signal formation: double bottom
Buy 38.66 (neck's breakout)
Stop-loss 36.27 (-1 tick under double bottom)
Target #1 41.00
Target #2 42.50
BTC perspectivePayPal news seems more likely to be a reason/excuse to pump rather than a catalyst to the temporary bullish momentum in the current bear market.
4 hours RSI today still shows an underlying weakness in the market with its inability to break out of the trend developed over several months since the fall from the 680 rally. We are also hitting an upper resistance as defined by the red horizontal line in the chart.
We'll most likely still be making a visiting to $350 if BTC fails to make new highs from here to invalidate the elliot wave. Next few hours to days will be crucial.
I will be waiting for a new peak to short, in the meantime we'll trade sideways for a while.
BTCUSD Bullish attempt at resistance after Paypal announcement Paypal has just announced that it will be integrating Bitcoin into the payment protocol with a bit more involvement then previously thought. Paypal's subsidiary Braintree was given the go ahead to announce it's involvement with Bitcoin just recently. The price has moved strongly in wake of the news and continues to move toward key resistance points on our chart.
Price has bounced off 450 several times now and has yet to close above. 450 has been a well established resistance line for some time. Price will have to close convincingly above this price before proceeding with an attempt on 460.
Fib re-tracement 1.618 converges with the medium term down trend line at 460. This should give panic buyers pause and will prove a difficult resistance line to cross. Still the likely hood remains that price will make one or more attempts at this point. It's anybody's guess as to whether the strength of Paypal acceptance news can push the price confidently past such strong resistance and those without balls of steel should sit this one out.
EDIT: Typo on chart states 1.168 fib, should read 1.618
