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BA- Buy the recovery? or take partial profits? LONGBoeing had a near disastrous start to 2024 with a Malaysian part falling off a MAX jet at 36,000. Incidentally, going viral is that an iPhone survived the plunge fully functional. 20% got shaved off the market cap. I bought the low with calls at $215 expiring March 15'24. They did 80% for the week and 16% today. News catalysts are that an East Indian airline company placed a contract for the purchase of 100 jets of uncertain model. Delta Airlines also did not pull their existing contract. These catalysts have allowed price to recover about 1/3 of the plunge. The 15-minute chart demonstrates the super trend reversal better than the 60 minute which is shown here on the idea. The relative volume indicator is about 3 X the running mean showing trader interest uptick. BA could short squeeze where short sellers quickly buy to cover & capture profit while the synergistic rise is compounded by near buyers coming in to get ahead of the chasing? The caution is that the POC line on the intermediate term volume profile is $ 210 and so getting contracts extended above that has increased risk based on price distance from the POC. The uptrend instead of a true recovery could be simply a correction in the overall downtrend. I will take some of the week's profit off the table and keep a close watch on the price action.
NYSE:BALong
by AwesomeAvani
1
BLUR Cryptocurrency potential Sell-Off soon!BLUR serves as the governance token for Blur, a non-fungible token (NFT) marketplace and aggregator platform. BLUR Market Cap is $813Mil BLUR Fully Diluted Market Capitalization is $1,96 Billion! 49.46M $BLUR(about $32.50M) was unlocked yesterday and they will be unlocking more coins next month! I have a rival to study for comparison, Rarible and its token RARI. Rarible operates as an NFT marketplace and issuance platform with a focus on empowering creators. The platform leverages the RARI token to reward users engaged in active interactions with the protocol. RARI Market Cap is $32Mil RARI Fully Diluted Market Capitalization is $35Mil! In 2021 RARI was trading at $63.53 and its fully diluted Mk cap was $1.57 Billion! Sounds familiar? Then the DILUTION started! And now is trading 45X lower, at $1.4! In case it will follow RARI`s rule, my price target for BLUR is $0.015. Now it`s trading at $0.657!
Short
by TopgOptions
5
DJI Dow Jones Fell 8.60% After the Last U.S. Credit DowngradeOn Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing concerns over "a steady deterioration in standards of governance." This downgrade occurred in the wake of last-minute negotiations among lawmakers to secure a debt ceiling deal earlier this year, which posed a risk of the nation's first default. Following a similar credit downgrade in the past, the DJI Dow Jones Industrial Average experienced an 8.60% decline over a period of 3 months. The downgrade by S&P, one of the three major credit rating firms, took place on Aug. 5, 2011, after another significant debt ceiling battle. As of today, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022. If we are to fell -8.60%, the Price Target for DJI is $32500. Looking forward to read your opinion about it!
TVC:DJIShort
by TopgOptions
RUT 2K Fell 17.50% After the Last U.S. Credit DowngradeIf you haven`t bought the RUT 2K regional Double Bottom here: On Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing "a steady deterioration in standards of governance." This downgrade occurred following last-minute negotiations among lawmakers to secure a debt ceiling deal earlier this year, which put the nation at risk of its first default. Following a similar credit downgrade in the past, the RUT 2K Russell 2000 experienced a sharp decline of 17.50% within a three-month period. S&P, one of the three major credit rating firms, downgraded U.S. debt on Aug. 5, 2011, after another significant debt ceiling battle. Presently, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022. Even though is not likely, a 17.50% decline will lead to a Price Target of $1630 for RUT 2K. Looking forward to read your opinion about it.
TVC:RUTShort
by TopgOptions
SPX S&P 500 Fell 10% After the Last U.S. Credit Downgrade !!!Fitch Ratings made a significant move by downgrading the US debt rating on Tuesday, shifting it from the highest AAA rating to AA+. The downgrade was attributed to a "steady deterioration in standards of governance." This decision followed intense negotiations among lawmakers to reach a debt ceiling deal, which posed a risk of the nation's first default. The S&P 500 experienced a notable decline of 10% within three months after the previous U.S. credit downgrade. The downgrade occurred on August 5, 2011, by Standard & Poor's, one of the major credit rating firms, following another intense debt ceiling battle. The day after the S&P downgrade, the S&P 500 suffered a nearly 7% drop, dubbed "Black Monday." Subsequently, the benchmark index declined by 5.7% that month and an additional 7.2% in September. Jim Reid, a strategist at Deutsche Bank, emphasized that the 12-year-old news of S&P being the first to downgrade was significant, allowing investors to adjust their perceptions of the world's most important bond market, which was no longer considered pure AAA. Nonetheless, Fitch's recent decision to downgrade remains impactful. In the current scenario, the U.S. 10-year Treasury yield has risen to 4.15%, the highest since November 2022. As for my price target for this year, it remains at $4900, as illustrated in the chart provided below: Looking forward to read your opinion about it!
SP:SPXShort
by TopgOptions
DOT Polkadot Price TargetIf you haven`t sold DOT here: Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is DOT Polkadot. I've set a short-term price target for DOT Polkadot at $0.41. Looking forward to read your opinion about it!
Short
by TopgOptions
3
BNB Binance Coin The Big Short - CZ to Step Down & Plead GuiltyIf you have`t sold the Bearish Pennand doubled by fundamentals here: or The Next FTX article: Then: Binance Founder Changpeng Zhao to Step Down and Admit Guilt! The CEO of Binance, the world's largest cryptocurrency exchange, is set to resign and plead guilty for violating U.S. anti-money-laundering laws, as part of a deal aimed at allowing the company to maintain its operations, sources familiar with the situation revealed. Changpeng Zhao is expected to make his plea in a Seattle federal court on Tuesday afternoon, according to recently unsealed court records. Simultaneously, prosecutors unveiled charges against Binance, owned by Zhao, for offenses related to money laundering and sanctions. Binance is also slated to plead guilty. Considering these developments, I anticipate a decline in the value of the BNB coin. Curious what are your thoughts on the potential price decrease?
Short
by TopgOptions
First Projection of Next Stock Market DropOperating under the premise Primary wave 2 was finally finished or will soon, this is the preliminary peak at Primary 3 down. Here is the hourly: I am displaying the daily with the play button so it will be viewable forever on TradingView as the hourly will eventually stop loading (years from now). Things to note, Primary wave 2 was the third largest retracement of a Primary wave 2 inside a Cycle wave C in history according to my mapping of the S&P 500. I did not think it would reach this level, however, multiple models had secondary agreement of the top between 4515-4519 which was quite close. Will teach me not to ignore secondaries again. The initial models are looking at Primary wave C lasting 505-690 trading hours. For this initial projection I plotted the end around 600 hours. The final bottom was projected around 3450, but the median model placed future Intermediate wave 5 below 4400. This current wave structure is based on the initial premise of a 600 hour duration and drop of 1071 points. Again the structure is perfect world symmetrical and not likely totally accurate. I am using this as a guide and will update as we move. Bottom line, something major has to happen especially in the Intermediate wave 3. Initial call is down to 4100 for wave 1, up toward 4325 for wave 2, down to 3700 for wave 3, up to 3900 for wave 4 and final Primary wave 3 bottom around 3385. Will provide deeper analysis over the coming days. What is the cause of this massive projected slide? China-Taiwan? Semi-conductor manufacturing issues? Debt Bubble? Baby Boomer House Downsizing (cannot happen that fast)? More credit rating declines? Russia? US political party uncertainties? New wars? Other Black Swan?
SP:SPXShort
by StockSignaler
5
AFRM Affirm Holdings big puts addingLast time, AFRM puts were profitable: This week, Affirm Holdings (AFRM) saw a notable increase in the acquisition of puts with a November 3rd expiration date, set at a $17.50 strike price with a premium of $0.67. Affirm operates within the "buy now, pay later" model, which has also been dubbed as "pay never" by some analysts. However, it's worth noting that AFRM currently operates as an unprofitable venture, and its current valuation may be perceived as inflated. I'm eager to hear your perspective on this matter!
NASDAQ:AFRMShort
by TopgOptions
MSTR MicroStrategy Puts and the Cryptocurrency LandscapeIf you haven`t sold MSTR here: Then you need to understand the recent crypto landscape: Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, I`m considering the following puts for MSTR MicroStrategy: 2023-10-20 expiration date $307.50 strike price $12.60 premium Looking forward to read your opinion about it!
NASDAQ:MSTRShort
by TopgOptions
GCAD MASSIVE SELL Floating @ 1:17 RRR and CountingHey guys what is up, so gcad may be preparing to turn and go back up, I am closely monitoring it today as I do believe it is due for not just a big pullback or correction but I also feel like that most recent low (support) needs to be validated Let me explain why I think so - If everytime a trader buys support that support is broken..don't you think eventually that trader will get smart and stop buying support? This is my reasoning I believe it is a mind game the dealer is going to play here. Continue to allow traders to believe that support still is very much a thing - keep them on the ferris wheel if you will That being said worse case scenario for me I will close the trade around a 1:14 RRR there about which in my opinion is still worlds better than what the average trader aims to take home (1:3) We need to remember we cannot win every single trade so due to that what I like to do is when I am winning a trade see how long I can allow it to continue winning for This not only allows me to have a bigger buffer for when I inevitably lose but it allows me trade from a much more peaceful place as once you are in a winning trade you really just need to manage your stop loss (the work is done) Have a great day guys :)
Short
by Brandon_evo4
MATIC Polygon Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for MATIC Polygon is $0.41. Looking forward to read your opinion about it.
MShort
by TopgOptions
XRP Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for XRP Bitcoin is $20.38. Looking forward to read your opinion about it.
Short
by TopgOptions
ETH Ethereum Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for ETH Ethereum is $1310. Looking forward to read your opinion about it.
Short
by TopgOptions
BTC Bitcoin Price Target after Court approves FTX Liquidation Given the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for BTC Bitcoin is $23700. Looking forward to read your opinion about it.
Short
by TopgOptions
VFS VinFast $0.40 Price Target after the Pump and Dump schemeShares of VFS VinFast experienced a significant surge as they made their debut on the Nasdaq stock exchange following their merger with the special purpose acquisition company (SPAC) known as Black Spade. Given that a substantial 99% of the company is under the control of VinFast's founder, Pham Nhat Vuong, the limited availability of the stock renders it susceptible to increased fluctuations in its value. This situation draws a parallel with other EV SPAC deals, such as Lucid, which served as the foundation for Black Spade's initial valuation of VinFast at $23 billion. Subsequently, Lucid's shares have witnessed a decline post-listing, now being valued at less than $15 billion, representing a nearly 40% reduction compared to its $24 billion SPAC valuation in 2021. VinFast's pursuit of additional capital poses a potential challenge to its lofty valuation. CFO David Mansfield revealed that the company is engaged in discussions with various investors, including sovereign wealth funds, with the intention of securing additional funding within the next 18 months. In May, Founder Vuong had expressed the possibility of VinFast selling 50,000 EVs in the current year. As of the first seven months, the company has successfully sold over 16,000 units, inclusive of sales within Vietnam. Notably, this figure encompasses only 137 units of its VF8 model sold in the United States, which is currently the sole model available in that market. According to consultancy firm AlixPartners, it is estimated that EV manufacturers need to achieve annual sales of 400,000 vehicles to reach a breakeven point, even in China where most are grappling with financial losses amidst a fierce price competition for market share. Comparatively, VinFast's EVs are relatively expensive when contrasted with Tesla's offerings. Specifically, the Tesla Model Y is approximately $7,000 more affordable than VinFast's VF8 after accounting for federal subsidies. Considering the fundamentals, my Price Target for VFS VinFast is $0.40, for a Market Capitalization of around $1 Billion. Looking forward to read your opinion about it!
NASDAQ:VFSShort
by TopgOptions
6
DESCENDING TRIANGLE $PEPEUSDT -50% dropHello crypto fam! I hope everyone is having not only a wonderful but also profitable day trading. Make sure to smash that LIKE and FOLLOW! Is FWB:PEPE in a Descending Triangle? Yes i believe FWB:PEPE is in a large BEARISH DESCENDING TRIANGLE that has the potential to dump FWB:PEPE -50%. What is a descending triangle? In Descending Triangle Chart Patterns there is a string of lower highs. This pattern is formed with a trend line that is sloping and a flat or a horizontal support line at the bottom. The pattern emerges as a price bounces off the support level at least twice. How accurate is trading a descending triangle pattern? Glad you asked, a descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%. Conclusion Well as i have illustrated in the chart above and described in the description box i believe we are in a descending triangle. Everything in the market seems to make sense for FWB:PEPE to see a massive sell off along with CRYPTOCAP:ETH and $BTC. Expect to see MAJOR bounce around $0.0000003700's level which is where i will be LONGING $PEPE. As far as a timeframe on how long it may be until we see a break down is hard to predict. The FWB:PEPE breakdown will likely be ignited by CRYPTOCAP:ETH and CRYPTOCAP:BTC sell offs. A way to measure this would be once eth breaks $1,600 its likely that FWB:PEPE will follow suit and dump alongside CRYPTOCAP:BTC and other major altcoins. Thanks, LiquidMEX
Short
by SolStackz