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Pfizer (PFE): Shocking Downward Spiral - $11 Target In Sight?Pfizer (PFE): NYSE:PFE At Pfizer, we believe that Wave (2) has not yet completed because Wave B precisely hits the 138% level and structurally does not make sense unless we see a breakthrough of the invalidation zone of the potential subordinate Wave (i) at about $41.62. However, we must form at least a double bottom at $11, which is our minimum expectation for Pfizer. For the downward movement, we need to examine more closely how far it can actually fall, but $11 is our minimum expectation. The only scenario that would make sense here might be a short position for a possible subordinate Wave (iv) between $36.9 and $41.62. Subsequently, for the overarching Wave ((iii)), we expect another decline to a minimum of $22.64 and, in our opinion, a maximum of $9.56. Entering a long position could be too risky over a longer period. For those looking to trade in the short term, there might be a bottom at $25.61, leading up to the potential target zone for Wave (iv). After that, we expect the downtrend to continue, and personally, we are not positioning ourselves long due to the significant risk.
NYSE:PFEShort
by freeguy_by_wmc
CSCO - BEARISH SCENARIOCisco revised its yearly projections despite exceeding expectations in its fiscal first quarter, with a 9% stock decline afterward. The company reported adjusted EPS of $1.11 on $14.7 billion revenue, beating analyst predictions. Q2 projections are $0.82 to $0.84 EPS on $12.6B to $12.8B revenue, differing from estimates. Cisco adjusted its 2024 guidance to $3.87 to $3.93 EPS on $53.8B to $55.0B revenue, down from prior estimates. It anticipates a demand uptick in the latter half of the year after customers deploy recent products. Cisco remains committed to efficiency and shareholder returns. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:CSCOShort
by legacyFXofficial
Bitcoin Going to 3k While The World Plunges Into Recession?Crypto is likely going to see a massive liquidation event occurring very soon. Margin calls start to cascade below 20k. Right now we know that Celcius, 3AC, MicroStrategy , and many miners that operate on thin margins are all at risk of major liquidations or margin calls. There's likely many others at risk and who will collapse due to contagion from these and other major players collapsing. This totals over 200k BTC at risk of liquidation, as well as many other cryptos. There could also be contagion from global markets collapsing and falling into recession or even depression over the next year. The FED aggressively hiking rates while the stock market is in free fall is going to end badly as all the liquidity dries up and the theoretical rug is pulled out from under the entire world. The US could see deflation next year as supply chains recover and monetary conditions tighten aggressively. The fallout from LUNA/UST collapsing is still spreading through the crypto market and we will likely see many other cryptocurrencies collapsing to virtually nothing over the next year. Celsius and 3AC collapsing due to LUNA will just be the beginning, This will keep spreading to more and more major market players. Only the strong will survive. Shorting will likely be the modus operandi for an extended period of time for nearly all risk assets. Massive long-term bearish divergences will likely take several months if not over a year to fully play out. It is likely that we see a move downward that is larger and faster than the largest down move BTC has ever experienced, which was in 2011 before even my time. This was a 93% drop and happened while the market was still recovering from one of the worst economic periods of recent history. I suspect this will happen again and using the April 2022 high as the end of wave-G would put our minimum target at 3000 USD per BTC before September. It's quite possible it goes even lower than that to the 2013 high of 1300.
COINBASE:BTCUSDLong
by Roberto411
2
Bitcoin Value Forecast 2022Why 2021 Was a Decent Year for Bitcoin More than 2021, Bitcoin partook in a lofty ascent in its fairly estimated worth. Toward the beginning of the year, a solitary coin was esteemed at $32,000, and by April that number had multiplied. Brokers were hopeful that more extensive acknowledgment of bitcoin by dealers and large banks would uphold the cost. In any case, the guarantee beat the truth — it was basically impossible to utilize bitcoin for quite a bit of anything with the exception of speculative, dangerous exchanging. A decrease in the securities exchange in late 2021, and a fall in profoundly esteemed development stocks, conveyed cryptographic forms of money down too. Bitcoin completed 2021 at about $47,300. As digital currency is still generally seen as a dangerous, speculative resource, this "risk-off" exchange brought bitcoin down to beneath $27,000 by early May. This addresses a deficiency of over a portion of the worth Bitcoin came to at its November 2021 pinnacle of $69,000, focusing on no indications of supported recuperation. Worries over the high power utilization related to bitcoin mining and the forbidding of digital currency exchanges by China likewise burdened bitcoin's worth. What Is the Fate of Bitcoin? Whales Make a plunge The future cost of bitcoin relies upon whether advanced monetary forms can act as valuable monetary resources. There was little help for this idea among monetary newsmakers in the early years, however, some once-suspicious significant financial backers have come around. Smorgasbord and Others Now Adherents Warren Buffett, whose Berkshire Hathaway organization has compensated financial backers with colossal returns over many years, when depicted digital money as "rodent poison squared," and he swore he could never contact it. Be that as it may, by buying NuBank, a computerized "neobank" engaged with the crypto space, Smorgasbord has given bitcoin a handed-down demonstration of positive support. Lloyd Blankfein, a previous executive of Goldman Sachs, has declared that he's "developing" on bitcoin and other digital forms of money. Jack Dorsey, an organizer behind Twitter, surrendered his occupation as President of that organization to run Block, an installment handling pioneer that is presently growing new computerized money applications. Reception by these and other corporate pioneers could uphold an inversion in bitcoin's fast drop and bring higher worth toward the finish of 2022.
BITSTAMP:BTCUSDLong
by IPatrice
Warning: ♫Bitcoin Plunge is coming to town!♫ Bitcoin has been silent lately in a symmetric triangle. A sideways Bitcoin sort of irritates people. But you shouldn't worry! The Bitcoin plunge is coming! If we can see the yellow-colored oscillator, the Effective Divergence indicator, it gave us a similar symmetric triangle compared to the price. Well, EffDi gives us an early breakdown... nice! It was accompanied by a dump from 38k to 34k. We have a potential breakdown of the price's symmetric triangle! Also, the Moving Average Channel, which composes of a MA 100 for the high and the low, was also broken with the recent dump! This Channel prevented the pullback from 42k about a week ago. This breakdown is strong. Don't forget the extra volume during the dump. Early signal for an impending plunge! It is coming! We may see the correction go all the way to 30.2k, strong support, which halted the previous pullbacks. Get ready! ♫Bitcoin plunge is coming to town!♫ Also, I noticed when Bitcoin plunges, many altcoins plunge too. Interesting! Get ready for the next crypto movement! What do you think? Leave a comment below! Also hit that like button and change that "Follow" to "Following". Thank you!
BITSTAMP:BTCUSD
by Trader_ph
9
When will the Plunge Protection Team strike?That the Plunge Protection Team has been called in means there is big trouble! The PPT is a real lawful entity designed to manipulate the US Stock Markets. It is officially known as the Working Group on Financial Markets (WGFM). It was created by by President Reagan’s Executive Order 12631 in 1988 following the 1987 crash. Its purpose is to lawfully prevent catastrophic market crashes. All the above factual knowledge is available from reputable sources findable via your fav search engine. This is both good and bad news. Those short in the market could protect their positions - and if they have enough guts take long positions for a limited period. It's not my business to say when to do this, as I have no advance knowledge of the future or when the PPT will strike! Note carefully that my language above is speculative, except that Dow and Wall Street are in big trouble. This is now common knowledge as the fall in the market has well exceeded the respected figure of 16%. If/when the PPT weighs in it'll have to be with billions and billions of US-Dollars, as loads of people are likely to set up sell orders for the next opening of the markets. That the PPT has been called in does not mean that they have a 100% chance of moving the US markets north. It all depends on whether they have enough to push back the deluge of selling they're likely to meet. Nobody I know, knows exactly how the PPT works. Perhaps they will get first orders, beating back all regular investors from selling or shorting . That would make sense. If they are successful, Forex pairs especially those with Yen and AUD could be affected by indirect effect. What it would mean for US-Dollar strength, is another problem. Note also that other countries have variants of the PPT, some operating covertly.
SP:SPXEducation
by Captain_Walker
4