Iota Long TrendAfter Iota hit my hard resistance line and tanked, I looked at its long-trend history and noticed a pattern--each peak has been generally followed by a steep decline and then a rise to a new high. Within the coming week or even days I expect another uptrend here. However, the disappointing news about Bitfinex and the movement towards mainstream adaptation of blockchain technology has caused a panic sell and has probably turned people off from Iota. For anyone like me taking a long position on Iota, our best bet is to run wallets on full nodes to help Tangle grow. Additionally, while the Iota team is a brilliant bunch, they are largely lacking in social media outreach and marketing campaigns. While this is beneficial to us now, we must ask ourselves a few questions:
1. Will it be easy for companies or governments adapting Blockchain to switch over to Tangle?
2. Does the additional benefit of Tangle outweigh the time it would take to convert to it?
3. Wouldn't it be better to reach out to Iota about strengthening their marketing and social media outreach?
If we can't answer these questions, then we just look like a bunch of speculators who bought into the newest fad coin. We have to share the good name of the coin, folks.
Socialmedia
Steem/BTC Slow Rise in up coming daysI do think that Steemit will rise up to beat ATH in the up coming days/weeks. I recommend hodling it for a long term as I believe we are bullish in the 1 hr marks and below. The 4 hr mark shows a slight bearish but following the 50 EMA line, I dont think we'll go down below 80k sats. Always set your stop limits of course and try not to fuck it up
FB headed for 150 USD then likely to correct 10-15%Short term bull until this move with FB and QQQ finishes. Possible profit taking and strong resistance around diagonal support line 1 could keep the price in zone 1 (red circle). Lines 2 and 3 currently offer support. Should see a typical 10-15% sell off this would send FB back down to zones 2 and 3, with support at lines 4 (black) and X (red). The 100 day moving average is also approaching support line x from zone 4. Lets look for the RSI to dip back down under 70 to signal the top. Then its time to get short, sell or prepare to buy more
Here's the level to watch with Facebook(FB).The Technicals
As noted in the above chart, FB ended the week in the red despite a great earnings report.
Is this just a blip before the next new high? Possibly. However, I believe these are not attractive levels for initiating a long position.
I will be watching the $110 level on the downside if it ever gets there as a POTENTIAL buy.
The Quarter
Per Yahoo finance, these are FB results.
Adjusted earnings per share: $1.41
Revenue: $8.81 billion
Monthly active users: 1.86 billion
Daily active users: 1.23 billion
% of ad revenue from mobile: 84%
Via Bloomberg, here’s a quick snapshot of what investors were looking for from the social media giant:
Adjusted earnings per share: $1.31
Revenue: $8.5 billion
Monthly active users: 1.84 billion
Daily active users: 1.21 billion
% of ad revenue from mobile: 85%
In % terms, here is how they fared vs expectations.
Adjusted earnings per share: +7%
Revenue: +3.5%
Monthly active users: +1%
Daily active users: +1.6%
% of ad revenue from mobile: -1%
They beat all the metrics save for % of ad revenue from mobile.
They don't break down their % of revenue from whatsapp, instagram, and occulus or at least I could not find it. Safe to say whatsapp and occulus % would be tiny if any and monetizing instagram is still in the early stages.
I will say, I hear more of my friends complaining about the number of ads shown in their facebook news feed. I read somewhere that FB will address this, though I could not find the article.
Facebook and TV
Per Bloomberg-
"That means the next big technology prizefight isn't Facebook versus Google versus Snapchat, but the digital world duking it out against television. All of them have their eyes on the roughly $190 billion spent each year on TV commercials. If Facebook grabs just 3 percent of ad dollars spent on TV in the U.S., it would add more than $2 billion, or about 7 percent, to its annual revenue."
Can we expect to see original content from Facebook in the coming years?
According to Recode-
"Facebook is starting to talk to TV studios and other video producers about licensing shows, with the hope of boosting the social network’s video efforts.
The talks, which include discussions for scripted shows, game shows and sports, are being led by Ricky Van Veen, the College Humor co-founder who joined the company earlier this year."
I get it, people like watching videos. Youtube has pushed into original content. I see the shows often when I open the app, but for some reason, I have never clicked on it. It will be interesting to see how Youtube original content does.
In my mind, I have Netflix, Amazon, and maybe HBO or showtime. That is all my mind handle.
Facebook has the money and the audience, I just wonder if they aren't entering into too many categories?
I get the move to VR, it's a platform, where no dominant player has captured mindshare. Original content is different, everybody is either into it or getting into it. If they are going the original content route, I would not be surprised if they pushed into live sports.
So, what's the trade?
Every investor has different time frames. For me, I am in wait and see mode. Like I noted earlier, I will watching the $110 level if it ever gets there.
If you found this added value to you, please hit "like"
Thanks and have a good weekend.
Caleb
TWTR's Bearish SetupBreach of the 50 day moving average combined with a bearish cross on the MACD. If it breaches the $17.58 support, I would look to $16.28 for the next significant support level. Breach of both is pretty slim IMO however.
Risk
Support and lower Bollinger line up, which can send it horizontal to build a stronger base. If $17.58 isn't breached on significant volume, look for another sign of confirmation. If it bounces of that line, look to the $18.49 as the resistance as a pivot to long.
SOHU May Be Ready To Close Oct 24 GapThe long tail on Monday's candlestick shows the market maybe ready to support the stock at this level, and an insider buy of 48,000 shares from the CEO has piqued my interest.
Bullish if it clears the $37.28 resistance established on December 13.
Bearish if it falls below $33.78 support.
Facebook continues to grind Facebook continues to have difficulty even throughout this
rally of the indexes. Weak close of this bar on Friday and we
will initiate starting a short position
@MaximusAnalysis
Major levels to watch are 116.21 / / 118.92 / / 121.66
Also this week is the turn date based on weekly price cycles.