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ETH Fibbin This Week?ETH has, by most accounts, crushed it over the last few weeks. Look at all those green days and this weekend seems to have continued this bullish trend. So after plotting a fib retracement using December lows as an anchor, it seems timely to look if there are any "important" levels to consider...and I think you'll see that there may be. Right now it looks like the 382 fib line is that level. It was a brief area of support during the monster rally earlier this year. BUT it has become a really sticky level of resistance overall. Look at the chart and you'll see that almost to the exact price, ETH was denied at the 382 fib line. This weekend it managed to break above the level and, so far, has held above it. What will be interesting is to see if 382 will get tested as a possible new support level. Ideally, longs may want to see some consolidation and accumulation around this level to potentially justify the firming up of a new, higher support level following the latest multi-week uptrend. " Blockchain penny stocks have remained some of the most popular stocks to watch over the past year and a half. With the rise in the value of cryptocurrencies like DogeCoin, Bitcoin, and Ethereum during that time, many investors are looking for penny stocks that could benefit. Within the blockchain industry, there are a few specific niches that we can use to categorize the stocks on our watchlist...Considering this, let’s take a look at three blockchain penny stocks that are heating up right now. " The surge in crypto could have crypto and blockchain stocks on the watch list at least during pre-market hours on Monday. Quote Source & Read More: Blockchain Penny Stocks Are Heating Up, 3 Names to Know
COINBASE:ETHUSD
by PennyStocks101
BITF Trafic Hour...AgainBITF has gained some ground thanks to the interest and attention on crypto prices this year. After doing a fib retracement using last December's low as an anchor, some interesting areas have been revealed. First, the 50 Fib is a clear area of high traffic. While BITF has managed to trade at these levels, it hasn't had the best time holding above it for extended periods. Furthermore, the next level which is the 382 fib line appears to be an interesting level of resistance as BITF has broken to and above it just 3 times previous and had been denied all 3 times. Considering this "crypto weekend" bitcoin stocks could be first on the watch list on Monday. HOWEVER... follow-through on the cryptos themselves will be an important factor when it comes to the overall follow-through on the related stocks. Watch for any signs of premarket breakouts...sure...BUT once the market opens, THAT'S likely going to be the determining factor as to the general direction of stocks like BITF for the day/week in my opinion. " Bitfarms announced its production update and that it will be reporting its Q2 2021 financial results on August 16th. In the production results, the company stated that in July it mined 391 new Bitcoin, which set a record for the year. At this rate, it is mining around 12-13 BTC per day. In addition, it deposited almost $70 million in Bitcoin through August 1st. 'We are proud to have added 96% of our 2021 year-to-date Bitcoin mined to our long-term inventory program. As we work to execute on our growth targets, we anticipate adding more Bitcoins to our balance sheet at a faster rate than we have in the first half of 2021.' CEO and Founder of Bitfarms, Emiliano Grodzki. One of the aspects that separates Bitfarms from others is its commitment to renewable energy. Because energy consumption is one of the largest issues with Bitcoin mining, the company states that it uses 99% green hydroelectricity. This is big news and something that other companies are working on as well. So if you’re looking for an interesting pure-play crypto penny stock, BITF stock could be worth keeping an eye on. " Quote Source & Read More: Blockchain Penny Stocks Are Heating Up, 3 Names to Know
NASDAQ:BITF
by PennyStocks101
HUSN Merger Partner Lends A HandThe ink isn't dry yet but proposed merger partner Fr8Hub is lending a helping hand thanks to reporting strong growth for 3 and 6-month operating results. Second-quarter of 2021 revenues were approximately $5.9 million, up 394% compared to approximately $1.2 million in the prior-year period. Revenues for the six-month period ended June 30, 2021, were approximately $10.7 million, up 294% compared to approximately $2.7 million for the prior-year period. Levels: Plotting the retracement using September's low, some interesting levels started to present themself. The 618 level has continued as support for weeks/months now then higher levels you can see that the 382 area is a key level too. it's been a constant point of resistance that HUSN has been denied at many times. Now that it's broken above this during premarket on 8/5, the logical next level would be the 236 right? In my opinion, it could be important to see where the next level of support sets up...will it test and bounce back from the 382 level or is this a clear shot to the 236? " Cloud technology, IoT, AI, and AR have all become hot topics among investors. Emphasizing the potential of this pending merger, this month, Hudson announced that FreightHub reported preliminary Q1 revenue of $4.8M. This was a year-over-year increase of 216% and a quarterly record for the company. 'We have started 2021 off strong, with enhancements to our technology platform and increased sales force driving the record sales for 1Q21 and the launch of our Fr8Hub University,' FreightHub CEO Javier Selgas commented. Furthermore, with digital technology as a backbone to the Fr8Hub platform, the HUSN stock price saw a strong spark... " Now we wait to see if this merger finalizes or not. Quote Source & Read More: Hot Penny Stocks To Buy Next Week? 3 Tech Stocks For Your Watch List
H
by PennyStocks101
BTBT In Familiar Territory But It's Up To Bitcoin NextBTBT hasn't had the best first half of the year and for most of the second and 3rd quarters, the stock was slowly bleeding. But thanks to that 100MW collab announced a few weeks ago, AND thanks to bitcoin getting its act together, things changed. Now BTBT is back at an interesting level I found after plotting the retracement for Q2 and Q3 so far. The 382 fib line was a previous area of higher traffic. It was resistance, then support, and now resistance if you look at the last few candles (for now). Considering the action in crypto, however, this could be an important level to pay attention to while also monitoring the daily trading volume. "A rebound in cryptocurrency, including Bitcoin and Ethereum, has related companies in the spotlight this week. Bit Digital is among the names of former penny stocks to watch. The company was one we first discussed late in July. At the time, Bit Digital’s news of a planned Bitcoin mining expansion with Digihost acted as the initial catalyst. The two will operate a 100 MW Bitcoin mining system for an initial 2-year term...Since then, a mix of speculation and crypto market momentum has helped carry BTBT stock much higher. In fact, since our July 26th update, shares have climbed from under $5 to over $12 this week. Traders also seem to be recirculating that last update, fixated on comments from CEO Bryan Bullett: As previously announced, we anticipate significant purchase activity in the coming months, due to spot market dislocation in China and our unique access to that market. This agreement with Digihost secures a key component of activating this opportunity, and is expected to enable rapid deployment of newly purchased miners. One of the things to keep in mind is that no matter how strong the momentum for Bitcoin stocks, the underlying trend in the cryptocurrency’s price tends to direct the market. We’ve seen big breakouts and quick breakdowns thanks to crypto volatility. So make sure to have that in the back of your head if BTBT stock is on your list right now." Quote Source & Read More: 4 Top Reddit Stocks To Watch As Robinhood (HOOD) Stock Breaks $80
NASDAQ:BTBT
by PennyStocks101
MVIS Levels after Q2 EarningsMVIS has been stagnant for a few weeks leading up to these latest Q2 results. The 786 fib line using Q2 lows as the anchor reveal some important levels and this 786 was one of them. It was a prior pivot point that more times than not ended up being support and/or a level of consolidation. It was only until recently that MVIS ended up failing to hold its consolidation trend and slid back. Now that ER are out, not only may 786 area be important but so might the 50 DMA which is right around $14.50 as of today. After hours on 8/4 MVIS briefly traded above that level but almost immediately got rejected. And to think that we were covering this as frequently as we were when it was still a penny stock. It has come a long way. " There are a few reasons for the massive spike in MVIS stock over that time frame. One of those is its work on LiDAR sensors as well as microchips and various computer-related products. Right now, there is a major shortage of microprocessors. If we consider basic supply and demand principles, we see that a massive gain for MVIS stock makes sense. However, its LiDAR sensors are also used in self-driving cars, which have become a major focus for Reddit stock investors in the past year or so. The focus from Reddit investors on MVIS is another example of retail traders pushing a stock with a high institutional short interest ..." Quote Source & Read More: Former Penny Stocks That Exploded in Value, One Up Over 3,500%
NASDAQ:MVIS
by PennyStocks101
4
Writing The SCPS?SCPS seeing another spike in trading volume late in the week (week of 8/1). After plotting out the fib retracement using "normal levels" and not ones from the crazy parabolic spike previously, you can see this 618 area has been a key support/resistance level. With the latest spark taking SCPS stock higher afterhours on 8/4, it so far managed to break back above the 618 area for the first time in weeks. No news, no filings, just social momo. But thanks to it being part of that "low float" crowd, it could be in the mix of possible "short squeeze stocks" that've grown in popularity. Looking at the deets...back in May there were a few fundamental developments to track: " the company announced that it received FDA approval for an Investigational New Drug Application for its lead drug candidate, CpG-STAT3siRNA. Now, a Phase 1 trial for B-cell non-Hodgkin lymphoma will begin at the City of Hope. This is a well-known research and treatment center for cancer, diabetes, and other diseases. More To Watch With SCPS Stock As a newer company, Scopus has only been public since December of 2020. The company initially raised just under $3 million from its IPO debut. While this wasn’t technically a penny stock initially, shares hovered around $5 earlier this month. That was, until the news on May 24th. Since the announcement, SCPS stock has surged past the $17 mark. Furthermore, even though it’s a newer company, analysts have also begun following the company closely. Benchmark Research started Scopus with a Speculative Buy rating as well as a price target of $20. Analyst Aydin Huseynov believes that the company’s STAT3 inhibitor gene therapy, CO-sTiRNA, has “a reasonable chance to show clinically relevant results” in recurrent and hard-to-treat aggressive Non-Hodgkin Lymphoma indications. Huseynov gave this outlook several months before today’s news and expected the IND submission during the second half of the year. " Quote Source & Read More: 3 Biotech Penny Stocks To Watch That Analysts Are Bullish On Today
S
by PennyStocks101
SOFI So Good?After plotting the Fib retracement using January's low as the anchor, some really interesting levels started to present themselves...mainly the 786 fib line. Each time it has broken down and tested it, SOFI bounced shortly after. Now that volume is beginning to gain ground, this could get interesting. On top of that you can see that the 618 fib line has also been a technical resistance level this year with SOFI getting rejected more times than it has managed to break and hold above it. Aside from the Social Sentiment being a factor, fintech as a whole has gotten play this year. That's not only for COVID helping advance "social distancing" stocks but also the fact that people just don't want to be bothered by going to a bank if they can do things virtually. "In the second quarter of this year, the U.S. GDP shot up by around 6.5%, indicating that expansion is well underway following the onset of the pandemic. Right now we have to consider the effects of the Delta variant on a reopening economy. In line with this, investors should understand what this means for stocks across the board. With the tech industry, investors remain bullish on the potential impact of the pandemic. As we saw early on in the course of Covid, many tech stocks were able to benefit greatly. The increased need for new tech products and better work-from-home/educate-from-home offerings created a highly bullish environment for the tech industry." Quote Source & Read More: 3 Tech Penny Stocks To Watch In August 2021
NASDAQ:SOFI
by PennyStocks101
Silver not likely to go lower than it is right nowSilver ended last week not looking so good, and it has lead to a bad start for this week too. After breaking below $25 resistance, it has held above the next level of 24.75. It is likely to retest this zone again this week, so depending when you're reading this the title of this article may not be exactly true - but I'm really looking at where silver is likely to close at the end of the week. It's looking a bit oversold. I like to look at the silver/usd chart, but when I want to take a deeper look at how silver is doing on a global scale, then I look at the silver/DXY. Makes sense, right? If you know what the dxy is. Anyway, that's the chart I have posted here. As you can see, silver has hit the bottom of an ascending wedge. These ascending wedges have been bullish for silver for the past decade at least. The price action could dip below this line throughout the week, but as long as it closes on Friday at or above this line, then it is considered to still be holding. That's great news for silver apes. The only unfortunate part about this is that by this chart... it looks like we'll have to wait a while before silver breaks above $30. Like sometime in 2022. Actually that's not that bad. Probably will be here before we know it. For people stacking for decades, that's nothin
TVC:SILVERLong
by greenvention
Predicting the Time-window for Turns, in all MarketsInexplicably, upon publishing this post, the Title Chart becomes distorted beyond recognition thus, all references are to this Original Chart - below Do markets trend on the medium term (months) and mean-revert on the long run (years)? Does Black's intuition bear out that prices tend to be off approximately by a factor of 2? (Taking years to equilibrate.) How does Technical Analysis , as a whole, act as a trend following system while Fundamental Analysis matters only once prices get way out of line? Is mean-reversion a sufficient self-correcting mechanism to temper irrational exuberance in financial markets? We examine these questions in the proceeding; In his 1986 piece Fisher Black wrote: "An efficient market is one in which price is within a factor 2 of value, i.e. the price is more than half of value and less than twice value. He went on saying: The factor of 2 is arbitrary, of course. Intuitively, though, it seems reasonable to me, in the light of sources of uncertainty about value and the strength of the forces tending to cause price to return to value. By this definition, I think almost all markets are efficient almost all of the time." The myth that “informed traders" step in and arbitrage away any small discrepancies between value and prices never made much sense. If for no other reason but the wisdom of crowds is too easily distracted by trends and panic. Humans are pretty much clueless about the “fundamental value" of anything traded in markets, save perhaps a few instruments in terms of some relative value. Prices regularly evolve pretty much unbridled in response to uninformed supply and demand flows, until the difference with value becomes so strong that some mean-reversion forces prices back to more reasonable levels. Black imagined, Efficient Market Theory would only make sense on time scales longer than the mean-reversion time (TMR), the order of magnitude of which is set by S√TMR∼d. For stock indices wit hS∼20%/year, makes TMR = ∼6 years. The dynamics of prices within Black’s uncertainty band is in fact not random but exhibits trends: in the absence of strong fundamental anchoring forces, investors tend to under-react to news or take cues from past price changes themselves. In fact, the notorious and unbridled reliance and un-anchored, speculative extrapolation is the mainstay of most investors, as well as Wall Street's itself, as it is the regular course of everyday "investing" across most asset classes. In the following a picture emerges (and we test it), whether market returns are positively correlated on time scales TMR and negatively correlated on long time scales ∼TMR, before eventually following the (very) long term fate of fundamental value - in what looks like a biased geometric random walk with a non-stationary drift. We have looked at a very large set of financial instruments, drawing on data sets from 1800 - 2020 (i.e. 220 years). We applied the same method to all available data in Stocks, Bonds, FX, Commodity Futures and Spot Prices, the shortest data set going back 1955. As it turns out that, in particular, mean-reversion forces start cancelling trend following forces after a period of around 2 years, and mean-reversion seems to peak for channel widths on the order of 50-100%, which corresponds to Black’s “factor 2”. Mean-reversion appears as a mitigating force against trend following that allows markets to become efficient on the very long run, as anticipated previously by many authors. Regarding the data we used for this study; Commodity Data sets - Starting date Natural Gas 1986 Corn 1858 Wheat 1841 Sugar 1784 Live Cattle 1858 Copper 1800 Equity Price data sets - Starting date USA 1791 Australia 1875 Canada 1914 Germany 1870 Switzerlan 1914 Japan 1914 United Kingdom 1693 From trends to mean-reversion The relation between past de-trended returns on scale t'< and future de-trended returns on scale t'>. Defining p(t) as the price level of any asset (stock index, bond,commodity, etc.) at time t. The long term trend over some ti scale T is defined as: mt:=1Tlog . For each contract and time t, we associate a point(x,y) where x is the de-trended past return on scale t'< and y the de-trended future return on scale t>:x:= logp(t)−logp(t−t'<)−mtt'<;y:= logp(t+t'>)−logp(t)−mtm't'. Note that the future return is de-trended in a causal way, i.e. no future information is used here (otherwise mean-reversion would be trivial). For convenience, both x and y are normalized such that their variance is unity. Remarkably, all data,including futures and spot data lead to the same overall conclusions. See in chart; As the function of the past (time) horizon t'< (log scale) for Red & White Bars, the futures daily data and spot monthly data. To compare the behaviour of the regression slope shown in the chart with a simple model, assume that the de-trended log-price pi(t) evolves as a mean-reverting Ornstein-Uhlenbeck process driven by a positively correlated trending noise m. It is immediately apparent from the dashed line in the chart that the prediction of such a model with g= 0.22, k−1= 16 years and y'−1= 33 days, chosen to fit the futures data and g= 0.33, k'−1= 8 years and gh'−1= 200 days, chosen to fit the spot data. In the short term volatility of prices is simply given by S'2k's'. Non-linear effects A closer look at the plot(x,y )however reveals significant departure from a simple linear behaviour. One expects trend effects to weaken as the absolute value of past returns increases, as indeed reported previously. We have therefore attempted a cubic polynomial regression, devised to capture both potential asymmetries between positive and negative returns, and saturation or even inversion effects for large returns. The conclusion on the change of sign of the slope around yt'<= 2 years is therefore robust. The quadratic term, on the other hand, is positive for short lags but becomes negative at longer lags, for both data sets. The cubic term appears to be negative for all time scales in the case of futures, but this conclusion is less clear-cut for spot data. The behaviour of the quadratic term is interesting, as it indicates that positive trends are stronger than negative trends on short time scales, while negative trends are stronger than positive trends on long time scales. A negative cubic term, on the other hand, suggests that large moves (in absolute value) tend to mean-revert, as expected, even on short time scales where trend is dominant for small moves. Taking these non-linearities into account however does not affect much the time scale for which the linear coefficient vanishes, i.e. roughly 2 years Conclusion Here we have provided some further evidence that markets trend on the medium term (months) and mean-revert on the long term (several years). This coincides with Black’s intuition that prices tend to be off by a factor of 2. It takes roughly 6 years for the price of an asset with 20 % annual volatility to vary by 50 %. We further postulate the presence of two types of agents in financial markets: Technical Analysts , who act as trend followers, and Fundamental Analysts , whose effects set in when the price is clearly out of whack. Mean-reversion is a self-correcting mechanism, tempering (albeit only weakly) the exuberance in financial markets. From a practical point of view, these results suggest that universal trend following strategies should be supplemented by universal price-based “value strategies" that mean-revert on long term returns. As it's been observed before, trend-following strategies offer a hedge against market draw-downs while value strategies offer a hedge against over-exploited trends.
TVC:DJIEducation
by Nemo_Confidat
8
DVN uptrend - What to expectI took some time this morning to go over the chart for Devon Energy. It looks like there is a lot of room for potential. 35 Analysts say 86% BUY. Trend continuity is in perptual uptrend. There's a steady diagonal line there. Earnings report coming up in July. There are some good short squeeze positions at the pinnacle of those bounces as well however if you buy now and hold until the end of the year there is a good potential for gains at just under 50%.
NYSE:DVNLong
by cleverfoxinbox
PLTR Predicted Trend Line and Price target at $38Covering somethings I see in the price action right now with PLTR and why I think it will go to $38. I use previous trend lines and match them to current price action, as the market is always repeating itself. I also use price action to identify the current down trend and New Uptrend to show the angle at which price action will follow up. Combine that with some Wyckoff Schematics, knowledge dealing with the Curve, and some Node ideology to find your entry and exit and you have a path laid out for you. This video is only 6 mins long so I didnt cover every little thing I see in the market just brushed over a few of them. Thanks for watching. If you want more of these please like, follow, subscribe. If you have questions feel free to comment below and I will make sure to reply to all of them. Thanks again. by iCantw84it 05.14.2021
PLong
by iCantw84it
2
BTC - Ranging since Feb. Oct 20 Trendline Still in Tact. Buy!Our October of 2020 trendline is still intact. We hit that and bounced hard. On this 4 hour chart, you can see we're currently resting on our trendline from Feb. of this year. I think between these two trendlines providing enormous support and the fact that we have been ranging between 50k and 60k since Feb., BTC has never looked more bullish to me. For several years I have been calling 80k this year. And actually, this chart, along with recent daily price action, has been enough to convince me that I am wrong again. We're not going to 80k this year. We are going to 100-120k. I can think of nothing more bullish than what I am seeing on these charts. Happy trading all!
COINBASE:BTCUSDLong
by stewdamus
1
TRXUSDT Price Predictionhi friends this is TRON 4 Hour Chart based on this impulse(Big Black Arrow) SHIBO drew four lines for me as you See the SL1 AND SL3 lines are exactly matched with previous peaks and price touched SL3 so if price bounce from each one of this lines(SLx) then our next preferred take profit target is CTP3 and then TP1 I expect the price to correct in this range and then go up for now you can buy TRON at SL3 and your Stop loss at SL1(or buy your second step at SL1)
Long
by shahabs2004
4
BTCUSDT Price Prediction(1hour chart)hi friends this is a BTCUSDT 1 Hour Chart there are Two Good Impulses Wave A and Wave B Start of Wave B is End of Wave A's Correction as you See calculations of SHIBO is Accurate Because End Of Wave B Impulse just Touched Wave A CTP3(WHY CTP3? >> the Wave A Correction red Arrow just Broke A:SL3 line so preferred Take Profit line is CTP3) and now for wave b the price is very Close to B:SL1 that is a Major stop loss for this wave. if Price bounce from here so First Take profit is B:CTP3(59150) hope it help you in your Trades ALERT: Trade on Your Risk and analysis. use this prediction along your trade plan and Analyzes. ---------------------------------- What is SHIBO? I'm researching a method I have named SHIBO. SHIBO sets the price of the next Target(Take Profit ,TP) based on the price movement of power and its correction. I am examining this method and determining its rules. To date, this method has been very accurate. Take a look at previous ideas to see how successful they have been. After I was able to register this method and style in my own name i will reveal Details. I must first prove that this method is very accurate. So I put my ideas together so that more people can get acquainted with it THINK Simple is my approach. there are no more lines and too many shapes on chart. its simple to understand. if you are looking for complicated analysis so community is full of them. I respect them all. now go to chart I calculate Stop Loss(Warning, SL) and Take Profit(TP1,TP2,TP3,CTP) points based on : 1-price movement 2-price start, high and retracement 3-i don't look for S & R lines(but if you found border line and price are according to them it is a very good Sign) how to use prediction: SHIBO show you max of 4 Take Profit line and Warning Level and Stop loss the best one is TP1 that has higher win rate but if CTP is lower than TP1 I prefer selecting CTP using Warning,SL1,SL2,SL3: if price bounce from border line(SL) it could take TARGET but if price break border line and close on it so prediction may fail and stop Reach.
Long
by shahabs2004