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Don't stop doing the rain dance - but sand may come firstINVESTMENT CONTEXT Ukraine is doing "everything possible and impossible" to save the remaining troops still trapped in Azovstal steel mill in Mariupol. Russian authorities confirmed the surrender of 959 fighers, and the plans to interrogate the soldiers upon charges for "crimes committed by the Ukrainian regime against the civilian population" Finland and Sweden submitted official requests to join NATO. Secretary-General Jens Stoltenberg dubbed the even a "historic moment" Inflation in Britain soared to 9% in April, the highest annual rate in more than 40 years; the reading was driven in large part by electricity and gas prices Japanese GDP shrunk by 1% in Q1 2022 on an annualised basis, as consumption was hit by soaring energy and food prices U.S. Largest retailer Walmart (WMT) posted mixed results for Q1, scoring USD 1.30 EPS vs. USD 1.48 expected by analysts despite top-line beat Fed Chair Jerome Powell said the Central Bank needed to see "inflation coming down in a clear and convincing way" PROFZERO'S TAKE Markets' crave for dovish news does not contribute to lowering the persistent volatility. At The Wall Street Journal's Future of Everything Festival, Fed Chair Jerome Powell confirmed the Central Bank will act "without hesitation" to lower inflation, acknowledging that "there could be some pain involved to restoring price stability". ProfZero argues that some pain has indeed been felt already - ask any holder of blockchain-related assets or more simply Growth stocks. Yet, ProfZero also concurs not all hope is lost for a "softish landing". If the U.S. labor market remains strong - 3.6% unemployment and more than 11.5 million unfilled jobs testified that at the last reading, along with consistent beats across corporate earnings - the real economy could prove resilient enough to absorb the rate hike impact. Yet, as already anticipated on May 10, ProfZero sees a potential toxic catalyst ready to unravel - namely, the unpredictable impact of higher rates on mortgages and the broader housing market. We all remember 2007-8; no one really wants to go back to that, right? Equities scored a rare back-to-back positive day after closing the recording six straight weeks of losses. Despite disappointing results from Walmart, the S&P 500 reclaimed 4k threshold clocking +2.02%, whilst Growth-intensive Nasdaq looks set to test 12k resistance after adding 321 points (2.76%) on May 17. At the time of writing though both indexes are giving back part of the gains, retreating 0.25% and 0.47% respectively. ProfZero remains solid in his conviction that much of the uncertainty has not been resolved yet, in contrast to JPMorgan Quant Strategist Marko Kolanovic, who instead asserts that markets are now overpricing recession risks, thus possibly opening the opportunity for a short-term rally in equities. With crude oil still well within the USD 100/boe bracket; EU interest rate policy still to emerge; and China's zero-COVID policy choking the world's second largest economy, any rally, according to ProfZero, would rather look like a reckless rush The largest engine of inflation, energy, is set to dominate the geopolitical debate for at least the rest of the year. As Saudi Aramco weighs options to list up to 30% of its trading arm for an estimated Enterprise Value of USD 30bn, ProfZero has not failed to notice in EIA's last Short Term Energy Outlook the prospect of rampant crude oil production, up from the current 20mboe/d to 22mboe/d by the end of 2023, while OPEC and Eurasian outputs are set to decline. The last time shale gas overtook established players, one of the steepest price crises erupted, sending crude oil down by 50%. No wonder some now wish history to repeat itself While sheltering from the sand storm that has hit the Gulf Region, ProfZero warned against the sudden flare up of BTC as speculators drove up volatility ahead of JPow's speech. The current sidelining phase is eerily reminiscent of the one that preceded April 29 - and there is no positive catalyst whatsoever to justify any near-term ramp up. ProfZero plays it cool - even in the eye of the storm, either rain or sand!
CME:BTC1!
by ProfZero
$APE bottom in? APE CHAIN?The next NFT frontier for the apes, APE CHAIN . Could $APE launch itself to compete w/ $BNB? It all depends on how heavily invested/serious they are in building an actual metaverse to reality. Looking at the founders of the coin, how $APE is now a payment currency on open sea , and how most metaverse projects are having trouble launching, I’m afraid $APE is a buy the rumor, sell the news type of coin for now. Would recommend getting on ape now at ~$17 Long based on speculation that other people will ape their $ to fund a potential leading metaverse project. Whether or not it delivers is irrelevant to making a profit given the strong community in the NFT space. More on the technicals: $APE looks like it might bottom out here around $17 from a bull div on the 2HR and moving away from a state of mean reversion since the high of $27. The BBWP indicator has yet to confirm the end of the volatile move but I speculate it will give consolidation soon as more APEs pause redeeming land deeds as they get sold out or wait for gas fees to come down to more reasonable levels. Once we get a rally, expect resistance at ~$20 The key points of confluence for the bottom: Wave 3 PoC 0.5 fib retracement of Wave 3 1.272 fib extension of Wave C of ABC pattern on Wave 4 The token distribution looks fair, though I would remain cautious of any possible scam wicks given how normie-friendly this coin is. If we break the $16.6 low, there is a 50/50 chance of visiting the white trend line at ~$12. Trade : Long Entry: $17.5 TP: $20, $24, $34, Delivery of Metaverse Project SL: $15
Long
by linebands
2
BTC TA for the coming daysHey guys and girls, what's up my TA for BTC for the coming days. The thick grey lines surround value areas. The "zones of interest" are areas where concentrated volume has taken place, which attracts price. The green zones are FVG zones which attract price. Since it is weekend, trading is extra uncertain, but I am thinking there is a good chance we go up to that FVG zone after just hitting an NPOC and flipping it to a POC. Not too sure if we break the psychological barrier of 40k, but if we do then I think we will be touching the FVG line. We just flipped an NPOC to a POC which triggered my TP for my short and I'm long right now. We'll see how this idea turns out. NFA! ;) just an idea :) I'm off to bed. bye all! oops. as im typing this, the candle turned bullish hahah. We were at 39k when I started typing, 39.4 now. Upside potential increased significantly for now but of course its all about the close and we know how those last ten minutes can be ;)
by mapav
1
NTLA : SWING TRADEIntellia's Data Has Underlined Huge Potential Of Gene Therapeutics And There Will Be More Soon Summary : Intellia is a gene therapy specialist pioneering CRISPR-Cas9 technology. Its recently released data in ATTR Amyloidosis stunned analysts, showing mean reduction in TTR Serum levels of up to 96%. This was the first ever clinical proof of the safety and efficacy of an in-vivo CRISPR genome editing technology in a human trial, and sent Intellia's share price up by >100%. Intellia will release more data from the trial and initiate a single-dose expansion cohort before the end of the year. SOURCE : Edmund Ingham, Aug. 31, 2021, Seeking Alpha seekingalpha.com
NASDAQ:NTLA
by TradingMavericks
DDOG : BLUE SKY / SWING TRADEDatadog's (DDOG) stock is not cheap, but the company is highly innovative and showing no signs of slowing down. To illustrate, not only is Datadog's guidance for the year strong, but its billings were up 69% y/y as of Q2 2021. Having said that, at 32x next sales, the stock is far from cheaply valued. Investors intent on being shareholders here should look to dollar-cost average into their position over time, rather than being too imprudent with one's capital. Overall, investors should adopt a long-term buy-and-hold strategy, rather than just looking for quick gains in the name. SOURCE : Michael Wiggins De Oliveira, Aug. 18, 2021, Seeking Alpha seekingalpha.com
NASDAQ:DDOGLong
by TradingMavericks
BTC to move lower and test $30,000 before resuming its bull run!The relief rally in the crypto market throughout the last 2 trading sessions has definitely brought back a certain degree of positivity among the bulls. However, the price is currently heading towards an area where we have both the downward sloping diagonal resistance (blue line) of the current downward channel as well as the horizontal former support, now resistance (black line) around the $39,000 - $40,000 area that was broken to the downside on January, 21st this year. It is important to also point out that while the initial price breakdown to the downside happened on an above average volume, the current retracement to the upside is happening on a very light volume. This shows the absence of heavy institutional buying at these levels. Furthermore, we have seen another strong pick up in the Open Interest for BTC, moving from $10.7 billion to above $12.5 billion throughout the last 2 sessions. This again confirms that the current rally has been mainly driven by retail trading accounts using derivative instruments and trading on margin. We expect to see another volatile leg of the current BTC downtrend, which we expect to be the last one before the large institutional buyers start pushing the price higher. We expect to see another large wave of forced liquidations during the upcoming decline, which will once again create that cascading effect that we have previously talked about and will further accelerate the decline. The Open Interest needs to come down below $10 billion, an area where historically the price has managed to bottom and institutional investors have engaged in heavy buying activities. We are strongly bullish on BTC in 2022 and we expect to se BTC reaching levels north of $100,000 per coin in the 1st half of the year. However, we are cautious in the short-term guided by the on-chain market data and the heavy retail speculation that has led the recent rebound in the price. We will further deploy our capital to work and add more to our long-term BTC position, once we see that sharp leg lower that we anticipate. Our team sees the $28,000 - $32,000 as the optimal buying zone for the current cycle and we have strong conviction that if you are patient enough you will get a chance to buy into the market around these levels. Follow & Copy us for more detailed market analyses, profitable trading ideas and a consistent portfolio performance. Sincerely, @DowExperts
COINBASE:BTCUSD
by DowExperts
3
Wish has been sold & they lived happily ever afterMy latest conviction is that wish has been sold maybe before it even did an IPO. Here's the game plan 1. VC's that have been to WISH (close to 10 years) needed to do an IPO so they would cash out their position and return the money to the funds, since there is a policy to close the fund 10 years after inception. (pitchbook.com) wish fund series (app.dealroom.co) 2. Because they had a very big position they had to find someone to buy their stake ASAP so they did the reddit/short mania thing that we witnessed on June. Peter Thiel's fund was the one that sold everything and if i am not mistaken 100m shares. 3. Then retail jumped in and they burned everyone's options to the ground month after month, at the same time time institutionals start loading more and more. I will wait for the latest report to see how much they have accumulated so far, if they have added a significant amount of shares i will triple down my position no matter the price. 4. Insiders selling mostly due to tax reasons, the few that are aware there is a buyout thoeretically should not sell any more in 2022 besides for tax purposes 5. If there is a buyout from a big company they would probably want their guys to start running the company well before the deal will be announced, that's why all C-level executives & board members have been resigned 6. Now the tricky thing is when it will be announced... i suspect 2-4Qs from now, if you can recall last year the company said that the results of the new strategy will be visible only after Q2 of 2022. Guess what? this is when the company will show signs of a turnaround and the next 2Qs till the end of the year will be outstanding. Therefore the company will have proved in a way that things are working ( so for the buyer to justify their purchase to their shareholders) 7. Price? if we take for granted that wish will be doing around $2b next year and at the same time shows signs of a turnaround i would expect a) low range 4-6 x sales = $12.43-$18.65 b) medium range 6-8 x sales = $18.65 - $24.87 c) high range 8-10 x sales = $24.85 - $31.09 (close to ATH and where Jackie makes all the $$$$$$) 8. Retail i suspect has an average of $8-10 like myself.. retail is the big looser here a)options expire out of the money week after week b)a lot of forced liquidations due to margin calls (spacs, retail ipos are all down) c) scared themselves and sold with a >50% loss d) the "bagholders" left the ones that gave up and waiting for the "miracle" will probably sell around their average price or even lower especially in the case there is a 100% rally in a matter of a week. I suspect the price in the next 6 months will be in a $4-6 range and after the summer to be around $8-10 and this is where all retail will be gone. e)the 5-10% of the retail traders will probably HODL till the end. * A fairy tale by GPAP90 **The above scenario is imaginary *** Do your own research, this is not a financial advice! Look First/ Then Leap
WLong
by Philoslother
8
Repeat of the 2000 dot-com bubble? Some dubious speculation...I took the bar pattern of the 2000 bubble pop and subsequent bear market and copied it to the present day to see what it would look like. I did adjust the shape a little to make the H&S look more symmetrical, just like the H&S in 2000. You can see it fits rather well. - The RSI is topping and expected to trend lower. - The bottom of the breakdown lines up with the market top in 2000 and 2008. - It bottoms at the lower support of the megaphone pattern. - Finally, the length of the move is proportional to the one in 2000. Despite how 'perfectly' it all fits, extrapolating 2 years out to find the bottom is dubious speculation. It goes without saying, but it most likely will not go down like this. Disclaimer: I am not bearish nor am I bullish. I don't hold a macro outlook. I simply react to what the market tells me. This was just a fun hypothetical.
AMEX:SPY
by Huntz
BTCUSD - BUYERS BEWARE & BTC TO 100k around MARCH 2023If there is one thing that I enjoy doing in the markets, it is speculation, and I find it particularly enjoyable trying to find where the market is building liquidity, for what better reason, than to take advantage of it and make that all-important moolah! xD BTCUSD has shown its hand and, after developing, what I would describe as a weak triple top (weak because the last leg did not really develop well), is now going down. If there is one thing we know quite well, it is that markets are fractal, and it is not unusual for markets to repeat their actions. However, all too often, we fall into the trap of seeing something so obvious that it becomes a sure sign of the manipulation that is about to occur. This obviousness is what I would equate to liquidity. Let us break this chart down, but before I begin, I provide here a small word of warning I AM PROBABLY WRONG and a word of advice WHO CARES! If we are wrong, we add the result to our journal and learn from it. I will read the chart from left to right. So here goes! We start by seeing price accumulate with significant upwards pressure from the left. Price tried to trade downwards aggressively (11 January 2021) but closes about mid-bar. This sets the tone for a few days, and the price stays clear of that fractal low. Buyers enter the market with some belief that this is simply a pullback and the continuation will occur soon. Most traders’ stops are likely to have been below the newly formed fractal low; this builds liquidity and is traded into twice. This is important because of the significant buying volume that comes into the market and the retreat from sellers. This low of this area represents the line in the sand, in terms of our trading bias. After this, price drives to 65000, and woopty doo, all the news headlines start screaming BUY BITCOIN! DO IT NOW! RISK IT ALL, BABY! You know that saying be "fearful when others are greedy, and greedy when others are fearful." Yep, people got greedy xD What was the tell-tale sign that we might experience a sharp u-turn on price? For me, it was the Break of Structure; when the price broke the two previous fractal lows on the daily (19th – 26th April 2021), I had doubts about if the price would ever return to that level, price accumulated near the ICT Breaker Block, and then traded upwards to clear the previous fair value gap generated (Smart Money concept) before diving down. Where did it stop? It stopped right back where the previous re-accumulation area occurred. This gave us some assurance that this is a protected level and that it is improbable that we would trade past this level. This assurance was confirmed when the price accumulated and broke again to the upside, creating another area of interest which I describe as "ZONE 2." If we make a small comparison, we note that in the first re-accumulation, the largest bodied candle was the candle which broke the previous high. However, the largest bodied candle, in this move, DID NOT break the fractal high in this accumulation. WHY? I will offer my theory soon as we need to read more of the price-action. Price then re-accumulated (first orange box), in a similar fashion to the first re-accumulation and then continued upwards to break the previous all-time high. Ok, please do me a favour, take your measuring tool, and measure the leg of the re-accumulation that created a new all-time high (57000). Now perform that exact measurement on the Re-accumulation area (67000); both moves are around 25000. If the significant players intended to break the previous all-time high, and they only had the energy to push price by around 25000 before taking a breather they would be weary because a push from the accumulation area would be fuelled by mostly their own money as they would be trading in the middle of the premium & discount area i.e. mixed market intent, and this would take price right back to a previous selling area, a brick wall and a potentially lousy chess move. So instead, the price needed to take a breather mid-range to attract more sellers into the market, creating the liquidity needed to fuel the push upwards, and thus the first push was not aggressive and the second re-accumulated area may not represent the full positions of key market participants. So what next? As price comes closer to ZONE 1, it is likely to consolidate and form a clear trading range; sellers will be induced into the market through perceived weakness, and buyers through false breakouts to the upside. Key market participants will slowly drip feed their BUY positions. Most sellers will be taken out by a Shakeout action (Wyckoff) which will take the price down to ZONE 2 and may trigger yet another flurry of sell positions. Zone 2 will mark the last buying area before we start trading upwards to 100k. If we fail here, this might be the start of a bear crypto market; Goodbye gains xD Nevertheless, let us be hopeful and ask ourselves when price might track upwards towards the all-important 100k level and how might this happen. I provide a theoretical model below: If we take 25,000 as the maximum move for our conceptualisation, we can use market cycles (wyckoff) to estimate that there will be a total of five stages. I provide a timeline below Stage 1: 30,000 → 55,000 Price will accumulate above the previous buyers' trap, creating a good base for the price to break through the previous high. Stage 2: 55,000 → 80,000 Price will break the previous level, and greed will settle in Stage 3: 80,000 → 60,000 Price will drop aggressively to complete the market cycle and fuel quick-exit selling and fear. Stage 4: 60,000 → 75,000 Price will begin a slow move upwards but will not break the Stage 3 highs. Stage 5: 75,000 → 100,000 Price will reach 100,000 and form another head and shoulder pattern. The left shoulder will tap 100k, and the head will induce greed. Be wary of the break of structure on the daily chart after this, and look to sell and add positions at the Stage 2 Accumulation area. Timeframe? Well, if we look at the last five price cycles, they average approximately 75 days. So if we assume that the average of the price cycles will stay roughly the same and assuming we have six price cycles, including the Potential Buyers trap, we get the math for five stages and adding the Buyers trap, we get 450 Days or 15 months. So, the price might hit 100k in March 2023. Trading Plan I believe that a dollar-cost averaging approach might yield more effective returns over the long term, we cannot be too sure that price will come down to zone 2, and thus you should still look to buy at both zones. However, the entries provided are, in my opinion, high probability, and you should either wait for Wyckoff schematic of a clear 2-3 wick rejection as seen in the previous accumulation and re-accumulation patterns. WOW, that was long! Did you find that interesting to read? What is your opinion? Let us make our predictions now and see if they come true in 2023! Colonel Panda Out.
OANDA:BTCUSDLong
by lakishnarayan
1
IMX-USDT fundamentals behind the ticker (PLEASE READ)Hello, thank you for coming today 🙂 Short Technical Analysis: Warning ❗❗❗ Stochastic is currently extremely overclocked on 4hr view. Picture is more for fun, this post is to explain fundamentals of this project/token. The price action has led to a surge in demand as IMX pushes up towards ATH. You might want to keep an eye on this one. It pulled another 20 percent in the first 4 hours of the day today. ⚡I will try to keep this post updated with more accurate TA as we go on. ⚡Note that this is more a fundamental/Hodl approach and it is possible that we see a correction in the price before more bullish activity. ⚡Invest at your own risk. ⚡See post in link where I went in depth into explaining why this project would explode before it happened Fundamental dive: 👋💭💭💭 This chart is a little wild👽 so let me explain.⏬⏬⏬ Starkware technology partnered with Immutable creating IMX. NOTE📌 that Immutable used to be called Gods Unchained, once the devs(developers) of the game started to branch off with Starkware to create more utility for their name in the metaverse, they rebranded to be considered Immutable, which entails much more than just the Game Gods Unchained as of late. The fact that these two big names came together to birth Immutable X 👶, is surely being reflected in the price, as you can see above.📈 So now that we know how Immutable X was created, let's get more into what it entails.😀 Immutable X (IMX) is a layer 2 scaling solution built on top of Ethereum. Created to be an NFT marketplace 🎴🕹🖼 by Immutable, (also the company behind God's Unchained,) Immutable X utilizes zk rollups or 'zero knowledge proofs,` to reduce the gas frees that we've all learned to dread on Ethereum. 📌NOTE⚛📝📌 Immutable X can perform up to 9,000 transactions per second through the use of it's zero knowledge proof rollup system. This easy way to verify transactions on the Immutable X also means there are no gas fees 🤞🚗 The marketplace (Immutable X) first held only God's Unchained cards, now some pretty big names such as Tik Tok use it to sell their influencers NFT's. More yet, Disney, Marvel and the ESL are now building on Immutable X. Coinbase itself is invested in the project and this information is stated on their website. The beautiful thing is that anyone can utilize the API⏩ (software that connects applications) and build on IMX if they decide to. The games Guild of Guardians and Illuvium are being made to compete with AXS ( Axis) and will be building on IMX. An important note is the Coinlist FUD The people that bought IMX presale through Coinlist, didn't get their tokens until the 9th of this month, despite the coin coming out on the 5th. You can see how the chart dumped from previous mentioned point A to point B, but in reality it was just psychological.👌 Furthermore, a substantial amount of IMX was actually airdropped to the holders of God's Unchained cards. Priority in the pre-sale was also given to early supporters of Gods Unchained (explained in depth in previous post.) Tik Tok influencers are starting to talk about IMX. The Crypto Stache was asked on Around the Blockchain days ago what his most bullish pick was for the week a few days prior and he responded IMX. The man was dead A💲💲 accurate.. 💫💫💫 As we know, Bitcoin fell recently from ATH and the market bled, simultaneously, IMX pulled 40 percent gains and it looks like it's only just begun. It's not too far out to imagine Coinbase mafia listing their partner in the future🕞🕖. It got listed on 8 exchanges one day, including FTX which is pretty dang impressive⭐🔥. The easiest way to buy in U.S is probably SushiSwap . It seemed pretty suspect when they decided instead of airdropping IMX to the U.S, they gave two options: A.The amount of IMX you would have been airdropped, but in USDC at ten cents per coin like the first presale price. B USDC reflecting the average price of IMX every day for thirty days. Safe to say some people are actually crying themselves to sleep right now because basic math is hard for them and they chose option A .🤣 If you'd like to learn more I strongly recommend you hit up Immutable X discord and go to degenerate price talk. There's a lot of speculation going on in this one right now. So much that they decided to create this channel (degenerate price talk) for us to discuss price and for some people to FUD their brains out. Not seeming to work so well for the fudders post launch, they are looking pretty wrecked atm. Unfortunately there were noobs that listened to some of these fudders and thought the coinlist release would push the price sub 2 and even 1 dollar. The equivalent to taking advice from some of the trolls on TV basically. Keep an eye on this one guys because anything could happen here. IMO the FOMO has only just begun and the Tik Tok influencers such as Gary V, are and will continue to be telling all their followers about IMX, which will in turn leave them hungry to get into crypto, in conjunction with the headlines they have been seeing everywhere during this bull-run about how cryptos gone mainstream. I'm letting all these big players do the lifting for me at this point because this one is only just started to go off and everyone is going to be talking about it soon, they don't even know it yet🐶. 🛑🛑🛑🛑🛑This is not financial advice🛑🛑🛑🛑🛑 I always recommend looking at multiple charts when making a big investment Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Thank you so much Jazerbay ☯
Long
by jazerbay
15
BTC, Unlikely but last possible case for bears Some speculation here for the bears, even though it is unlikely to pan out from the recent Stoch RSI Cross on the monthly. If ~57.4k gets a correction that may signal control for bears to a path back to retest the 2017 high (its already been retested if you look at the BTCUSD/DXY chart). Currently, it is sitting on a demand vector, c -wave target, and an upper polynomial forecast line of an input of 144 days, which makes me a bit worried about continued resistance that may soon play out toward another correction. I'm uncertain on this playing out atm, but I could see a correction at the global ath, and it being misinterpreted as a double top scenario, with a retest at 53k, and then price discovery to either 80k in the short term or 180k in the long term. Also, the momentum is stronger on the primary wave A on Sep. 7 than the recent c wave, which explains why divergence indicators haven't ran any alarm bells. Entering in a short here is very risky as we could very easily blast to the 2.618 at 80k+, or even the orange forecast target at 73k. This is a scenario that I haven't covered in one of my previous ideas so that I'd share it out.
BITSTAMP:BTCUSD
by linebands