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Selloff

GOTU A simple question for bullish tradersGOTU had negative earnings last year, -1.39 Billion dollars to be precise. So it`s a money eating machine that burns a lot of cash just to operate. How do you see Gaotu Techedu raising money this year? Would you buy a public offering from a nonprofit company? Now look at the 15% recovery today and think about this perspective: a temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions is called a Dead Cat Bounce! :) China's crackdown on for-profit education companies was a disaster for traders not using a stop loss. In the 52 Week Range Gaotu Techedu Inc. went from 149 to 2.4usd After-school tutoring institutions must transform themselves into "nonprofit organizations". Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks! ARK Invest dumps Chinese stocks. It seems dangerous to hold Chinese stocks right now. US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted. This looks like the beginning of China`s stock market crash. I`m looking forward to read your opinion about this!
NYSE:GOTUShort
by TopgOptions
2
TAL Education Dead Cat Bounce ?Think about this perspective: a temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions. this is the Dead Cat Bounce! China's crackdown on for-profit education companies was a disaster for traders not using a stop loss. In the 52 Week Range TAL Education Group went from 90.96 to 4.03usd. After-school tutoring institutions must transform themselves into "nonprofit organizations". Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks! ARK Invest dumps Chinese stocks. It seems dangerous to hold Chinese stocks right now. US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted. This looks like the beginning of China`s stock market crash. I`m looking forward to read your opinion about this!
NYSE:TALShort
by TopgOptions
3
NIO vs similar Market cap Car ProducerNIO Market Cap 64.492B BMW Market Cap 65.701B NIO Revenue 2020: 16.26B usd NIO Earnings 2020: -5.61B usd BMW Revenue 2020: 104.21B euro BMW Earnings 2020: 4.92B euro NIO Revenue Q1 2021: 7.98B usd NIO Earnings Q1 2021: -4.87B usd BMW Revenue Q1 2021: 26.78B euro BMW Earnings Q1 2021: 2.81B euro NIO Forward Dividend & Yield N/A (N/A) BMW Forward Dividend & Yield 1.90 (2.22%) And NIO is not audited by an American company. US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted. When i wrote my first article about NIO it was undervalued at 6.98usd and my target was around 18usd. i sold it between 12 to 14. I reentered at 20, but just for the hype. Now i started to become more confident in my first target. :) Most likely it will test the 30usd support. I`m looking forward to read your opinion about NIO.
NYSE:NIOShort
by TopgOptions
2
EDU a "nonprofit organization"China's crackdown on for-profit education companies was a disaster for traders not using a stop loss. In the 52 Week Range EDU New Oriental Education & Technology Group Inc. went from 19.9740 to 1.9400usd. After-school tutoring institutions must transform themselves into "nonprofit organizations". Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks! ARK Invest dumps Chinese stocks. It seems dangerous to hold Chinese stocks right now. US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted. This looks like the beginning of China`s stock market crash. I`m looking forward to read your opinion about this!
NYSE:EDUShort
by TopgOptions
2
ETH: new 3-month low| large wick on 4H candle gives some hopeAny feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :) Quick glance: In our last analysis on ETH, we suggested to wait before thinking to buy the dip. And rightly so, it has dropped by another 12% since our previous analysis. ETH has formed a new 3-month low reaching the $1700 mark. The large wick on the bottom of the latest 4H candle indicates some buying activity. However, market is still largely dominated by the bears. Market in the last 24hrs The last 24 hours witnessed a massive selloff. Stop losses were triggered caused prices to drop sharply, and triggered a further panic selling. Today’s Trend analysis ETHUSD seems to be under huge selling pressure. The low created at $1700 is a 3-month low for ETHUSD. Price volatility remained extremely high at approximately 17.4%, with the day's range between $1700 — $1997.00. Price at the time of publishing: $1767.35 ETH's market cap: $206.44 Billion Out of 11 Oscillator indicators, 7 are neutral, and 3 are bearish. Out of 15 Moving average indicators, 14 are bearish , and 1 is neutral . Indicator summary is strongly bearish for ETHUSD. Volumes have spiked up tremendously in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BITSTAMP:ETHUSDShort
by Mudrex
Technical sell off analysis Presented is a 1 hr chart analysis leaning towards a sell off. We are retesting our top resistance area of 70.00. With immediate volatile action in this zone sentiments a sell off. $70 a barrel seems to be our top target reversal. I have 2 take profit targets of 68 and 66.50. Price action is consistent with oil making these targets ever more accurate. RSI and SRSI are loading up for a sell off out of the overbought zone. Important to keep in mind a break and close out above 70 will shoot to retest 71. Enter after a significant sell off bar that initiates strong reversal. Please comment with thoughts and ideas. Thank you.
FX_IDC:USDBROShort
by Pika7993
I believe this is not bear marketEven after 50% + correction i believe this is not end of bull market. If we zoom and look at daily chart we can see clearly wyckoff theory and manipulated move. I believe whales are just trying to panic newbies and retail to sell. Miners are still not selling, stock to flow is showing to us this is not end or even close to peak, a lot inflow of stable coins to exchanges, a lot of adresses more than 1000+ bitcoins are adding more. I refuse to sell in this dip even if this is beginning of bear market. I believe we can reach $200-400k range in middle of 2022 per bitcoin. I think this is just bear trap before real gains.
BYBIT:BTCUSD.P
by TeamDoubleBottom
4
BTC Major Resistance!Hello Community! BTC /USDT is currently attempting to move above the major S/R zone (white line) shown on the chart. We need to close above this line on the 4hr or Daily TF for this bullish momentum to continue. If entering a trade don't forget to use a stop loss. Don't trade with what you're not willing to lose. Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated! This is not financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
BITFINEX:BTCUSD
by rnaofs
2
BTCUSD- Downside Projection 21K If we take a look back at the 2017-2018 Crypto run up and sell off the similarities in price action are eerie. I went through studying all the moves trying to find a proper price target based on measured moves with little success. However, today I had a realization, once BITSTAMP:BTCUSD was unable to rally, and a large liquidation through $30000, I realized that we could be on track for another 50% downturn from this level as distribution continues. Comparison - Here is an image of the 2018 drop and as we can see their similarities are glaring. Bitcoin made a new high moving up 492% from a swing low. Dominance fell off sharply right before this high was made topping out around 71. This was followed by a sharp drop in dominance. Despite this, the price of Bitcoin continued its rally finally running out of gas at 19666. Here is where things really become interesting. Ethereum the second most popular cryptocurrency at the time (coinmarketcap.com), began to go on an insane rally. After making all time highs with bitcoin, it pulled back with bitcoin but from its swing low of 501, it pumped 183%. ETH just completed an identical pattern putting in a swing low and rallying 125%. As the ETH high was put in, Bitcoin continued to oscillate in a small range and began to lose dominance at a very rapid rate. From the ATH to the bottom of dominance bitcoins price dropped 36%. Today's measurements show a 34% drop but the pattern between highs and in dominance in price are identical. Once Ethereum put in new highs, It sharply dropped and the crypto market was all downhill from there. Bitcoins dominance finally bottomed out yet prices across the crypto market continued declining rapidly. If today is the bottom of Bitcoins dominance (beginning to look that way) I wholly expect for the market to continue lower. Bitcoin regained a dominance of over 60 after 241 days down trending The price change during this time was a drop of 58%. I expect for BTC.D to be able to top 60 in half of that time as this bear cycle pans out. Key Differences - While theoretically, history would suggest that Bitcoin drops 80% off highs however, this seems unrealistic without major fundamental shift. Integration into businesses and money transferring apps gives Bitcoin lots more value than it had during 2018. People are interested in Cryptocurrency but the liquidity retail has brought into the market is a double edged blade. On the one hand, there is more money going into a product with a cap on supply which will always raise price, on the other hand there is more liquidity for short sellers to take advantage of. Another aspect that has changed is institutional investing. With larger interests now holding bitcoin due to incredible alpha and versatility such as protection against inflation (something that has not been present recently but I will save it for another post) is a huge win for Bitcoin. Many institutions would likely find Bitcoin a steal at 21K as it continues to grow mainstream. These differences are the main reason I only project a 50% drop in price for bitcoin. That being said, these are only my thoughts and there could be a drastic change in Bitcoin in the near future that completely changes the market, I will update this idea if that is the case. Conclusion - I hope whoever is reading this was able to take something away from it. Feel free to leave a comment with your thoughts or a conflicting view. Meaning of Lines Red Dashed- Dominance Low Green Dashed- Dominance High Gold- Price High
BITSTAMP:BTCUSDShort
by crawfordpaul
2
PTON setup for a potential 40% dropHead and shoulders playing out with the right shoulder half formed . Wait for a break of the neckline and a candle close outside of the neckline /*Resistance before shorting alternatively you can also wait for the back test of the Neckline and upon rejection open Short . SL placement above the last swing high . Point of control is a match for the move to the downside as a further confluence. 200EMA will also create a slow down in the move to the downside Set a price alert around the $100 region and await the reaction at the Neckline . Always use a SL and know your Invalidation Like and Follow for regular setups Much appreciation
NASDAQ:PTONShort
by SJTRADESFUTURES
4
TME: Approaching 3 Layer SupportTencent Music's fluky selloff was the result of Archegos Capital's reckless overleveraging. However, this selloff has created an interesting opportunity to buy off of weekly trendline, horizontal, and 50 day SMMA support. The fundamentals of TenCent remain unchanged and many Wall St. analysts maintain an average $25 price target despite the selloff. Revenue + Net Profit continue to increase QoQ. This may be a great opportunity to grab some shares of China's #1 music streaming company.
NYSE:TMELong
by douglasjlupo
GCM2021. View from 2 hours post NY market open.I want to be a buyer here, but past experience has convinced me it's best to be on the short side when you see an aggressive selloff like the one shown here, or just stay out of the market altogether (which is what I will be doing now). Price will have a tendency to spurt up, committing some buyers to a false rally, then continue down for another selloff. The buy response tends to come more slowly than the selloff. So if you are looking at this and thinking "hmmmm, maybe it will go up the same way it came down..." you will probably have a bunch of losses until you decide there are better ways to play the market. I speak only from experience. Buyers usually will return, but it will be a gradual build up. The build up is like rain accumulating in a cloud. The selloff is the lightning strike. :)
COMEX:GCM2021
by emehoke
$APP is giving a GREAT IPO SHORT opportunity todayIPO intraday trading strategy idea AppLovin provides tools for mobile app and game developers. The share price is falling and gonna continue this trend today. The demand for shares of the company still looks lower than the supply. These and other conditions can cause a fall in the share price today. So I opened a short position from $69,10; stop-loss — $73,50 take-profit — $56,00/MOC price Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas.
NASDAQ:APPShort
by KozakHlib
More downside for gold.I see the gold with a downtrend that ends around 1600 - 1500 USD. In a nutshell, my counting is as follows: The corona selloff sets a paradigm shift globally , so it is justified to assert that we count three impulsive waves from March to mid-July, with a structure of 5-3-5-3-5. The top comes at the 2076 USD, with a double three correction, and finally, there is a clear channel with a triple combo wave. I expect that this downtrend ends around 1600 - 1500 USD because the 0.786 Fib retracement is the mean reversion point for any selloff. After that, we may see the gold consolidate for a long time until the inflation expectations are materialized (maybe with yield curve control from the FED). Any thoughts or opinions are more than welcome. PS: If you analyze carefully, this structure is identical to the Wallstreet cheat sheet .
OANDA:XAUUSDShort
by LiquidityMaster