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Sentimentanalyse

DOGE - THE BOTTOM INDICATOR FOR CRYPTO?The "DOGE/USD" is since May - 2021 in a downward trend, and it is obvious that we can expect a trend reversal if necessary. > The meme coin "DOGE", has among other things by "Elon Musk", a large degree of awareness and will be known to most "RETAIL" investors. > Regardless of the media notoriety and the wildest stories of "new" millionaires, this "crypto coin" brings an incredible opportunity. = I'll let you know what this opportunity looks like and the price increase it could bring in the following lines. table of contents - 1st part = WHAT MAKES DOGE COIN SO VALUABLE? - 2nd part = TECHNICAL ANALYSIS - 3rd part = CONCLUSION PART ONE "WHAT MAKES THE "DOGE" COIN SO VALUABLE?" Due to the promotion of Elon Musk and other media relevant people, most people should know about this coin. > Everyone associates this cryptocurrency with "opportunity" - for quick money and possible wealth. And exactly these last two points target the "standard" - retail investor: "FAST MONEY" + "POSSIBLE WEALTH" . The Standard Retail Investor serves us as a "SENTIMENT-INDICATOR", with which we can better assess the current market situation with a closer look at the past. For this, I compared the past of the "DOGE" Coin with the "BTC" to come across the following result. = THE "DOGE" COIN BALANCED WITH THE "BTC" (in the last two "major" movements). = THE "DOGE" COIN BOTTOM. And by simultaneously, I mean - ONE AND THE SAME DAY -. = 09/15/2017 (bottom for BTC+DOGE). = 03/13/2020 (bottom for BTC+DOGE). SECOND PART TECHNICAL ANALYSIS As soon as you look at the "DOGE" Coin in the weekly / monthly chart, you immediately notice the "Falling Wedges" . > THE TERMINATION OF THESE "FALLING WEDGES" SIGNALED THE LOCAL BOTTOM IN "BTC" AND "DOGE" SINCE 2017. Additionally, we are in an upward channel, which has been - respected since 2014 . > In the beginning / middle of 2021 - we broke out of this "temporarily". > Since the beginning of 2022, we are on the way to the "trend channel center line" and could reach it shortly. > The "trend channel center line" represented a "point of interest" in the past, which means that a final bottom is not that unlikely. > The current "falling wedge" converges with the "middle line", which provides further support. Looking at the MACD in the daily chart, a divergence formed since September this year. > This would even support a bullish thesis, before the point of contact of the "middle line" and the "falling wedge", however, such a divergence cannot yet be found on the higher time levels. THIRD PART CONCLUSION "The past repeats itself, however it does not have to." With the current "macroeconomic" environment, at best, one can make guesses as to how the markets will behave in the coming weeks / months. > Nevertheless, keep in mind the repeating pattern. What would again support the thesis of a near "local bottom" are the emerging rumors of large accumulations (hedge funds / sovereigns) . The existing fear in the markets is the best time to set up for the long term, for people with good "risk management" and no false expectations of quick (=1-year) riches (=10-years). > Let's feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading!
BINANCE:DOGEUSDLong
by ZielIstDieAutarkie
8
AFRM Long - Affirm Holdings, Inc. - The Triple Affirmed PlayAFRM Long - Affirm Holdings, Inc. - The Triple Affirmed Play (Flow, Dark pool, and Capital Inflows into Tech) This long biased thesis is based on the following factors: An aggressive series of short term bullish call option flow totaling $413.5k with a strike price of $70 coming in within the last 20mins of the day (July 1st) that exceeded Open Interest. Approximately $20M in dark pool activity placed at key levels mid day. Although we do not know the nature of this we were able to see it act as respected levels through out the day and are currently trading above these levels. Also one of the dark pool prints came in at a respected fib level, further showing consistency with price action. Continued upside price action will further increased the probability that these trades were a buy. Price action has been consolidating for around two months and is primed for a move, making the timing of the the options flow orders and dark pool activity that much more relevant to an upward move. Bank of America Flow Show report released today (July 1st) showed an inflow of $1.1bn into the tech sector. Bank of America comments came out with AFRM as a high conviction short-term recommendation. Possible Threats: The $212.62 fib defined level may show support where price action may struggle or bounce from. Price has been rallying for the last two months and a half and a double top pattern had formed mid June, but continued price action may have already shown the pattern to have met its price potential. Short term tactical sentiment for the tech sector is coming to an overheated area and a bearish downtrend may soon show up to push tech stocks, in general, downward. That nature of the large dark pool trades are unknown and can only be inferred. The July 1st dark pool levels are being used to define the following trade parameters: Short Entry: price levels above, but in close proximity of the $68.27 (dark pool print) Stop Loss: The invalidation of the ascending channel support line (conservative) or the break of lower dark pool level of $67.75 (aggressive) Possible Targets: $72.81 (currently) - Anchored VWAP (from all time high) $79.30 - A support / resistance level that has been respected by prior price action $85 - A fib level that may coincide with a ascending channel resistance line $96.80 - The 50% retracement fib level from all time highs to all time lows Other targets can be based on the fib levels show in the chart or by drawing support lines This thesis/idea is just my opinion based on the information discussed within. None of it should be looked as a recommendation or as financial advice. AFRM Daily Chart
NASDAQ:AFRMLong
by Rhythmic
1
USDCAD Weak Bear!Kinda feels like the bear has no much strength to even drag this pair further deeper. We have seen good gains on the comdolls from the beginning day of the week. Equity market did raise well and mostly TVC:DJI but talking back to comdolls at the moment bearish are weakening. Feels like there could be more probabilities for upside rather than the downside as long as this contagious virus doesn't stop pressurizing the world creating a further financial crisis that will not be ok thing for a currency like a loonie.
Long
by Anatta0
5
One man army USDCAD!Weird title eh? Ya, I know but currently, our brave soldier USDCAD deserve that title. He is acting all alone struggling for his own path (LONG). #What's going on inside this trade? 1) I got a Fibonacci Retracement which will clearly show us how the price retraces back at which level. Currently, the price is floating above 61.80%. 2) I got a Fibonacci Extension too which will clearly show us how far the price can rise from its current position level. Currently, the price is floating below 50%. Isn't there lot space for upward too? 3) The whole USDCAD price was inside a "Falling wedge + Symmetrical Triangle" but guess what price breakout from both! OoOOoooww.. :O 4) I got a 5 sequence wave "Elliott Wave" which shows us the larger degree wave is up, meaning that advancing waves are impulsive and the corrective waves are declining on current price action. It can create other remaining 3 and 5 impulsive waves too in the near future if the price is really uptrend on USDCAD. #How could we think its a long? 1) First, I believe that this pair has already dropped much from the past price actions and then it did take off from below the 61.80% and currently, seeing the price below the Fibonacci Retracement level 50% it makes sense that it did well in uptrend move couple days before. 2) Knowing from the above 1st reason our Fibonacci Extension seems to have a good potential space for upward movement of price as currently, we can see it's just floating in between the 38.20% to 50% levels and there's more space for upward movement if price really wants to go. 3) Seeing that "BREAK OUT" from "Falling wedge + Symmetrical Triangle" makes first sense that price is now taking off from the bottom to sky! 4) Talking about the "Elliott Wave" we are observing a larger degree of the wave toward the uptrend of price rather then downtrend which means that this time advancing waves are impulsive! Impulse waves move in the direction of the larger degree wave where corrective waves move against the larger degree wave! There could be higher chances of uptrend if the price of USDCAD keeps on following the higher degree of waves like I mean it has already created the 1st Impulsive and if now 3rd and then 5th to go! Our speculation on USDCAD long (BUY) will be true if the price didn't fail to follow our waves till the 5th wave. #How could we know if it ain't long? 1) Talking about the sentiment as we see this week doesn't seem to be in favor of US Dollar because seeing all the price action of other major pairs in market US Dollar is somehow losing its standard against the other currencies compared to last week. This could be problematic for USDCAD upward momentum so I said "ONE MAN ARMY USDCAD" in the beginning as its randomly acting its own way struggling for its own upward journey where its enemy pairs AUDUSD, GBPUSD, EURUSD are trying to kick his ass time to time. (In our fX term the negatively correlated pairs of USDCAD are doing so well in upward movement then how could our USDCAD copy the same direction if negative = opposite direction. The force or we say the magnitude of other currencies against USD is greater Right? That could be one reason, for no more long of USDCAD right? Eh... ) 2) If the price keeps on falling and tries to retrace back deeper levels of Fibonacci Retracement could also indicate that price isn't able or willing to go upward any longer that ends us with? umm... No long correct! 3) If the "Elliott Wave" gets invalid! Meaning if the price action ignores the waves and doesn't follow it then it can also indicate not an uptrend move in USDCAD! If you like my thought on our USDCAD feel free to like and subscribe! Best wishes for the remaining trading days everyone! Peace out!
Long
by Anatta0